B.R.Goyal IPO Logo

B.R.Goyal IPO

Live Updates, GMP, Subscription Data, and Financial Details

IPO Overview

Listed
Dates Jan 07 to Jan 09 2025
Price Band ₹128 - 135
Current GMP ₹135.75(0.56%)
Subscription 118.08 times

IPO Details

IPO Date
January 7, 2025 to January 9, 2025
Listing Date
Tuesday, January 14, 2025
Face Value
₹10 per share
Price Band
₹128 to ₹135 per share
Lot Size
1,000 Shares
Total Issue Size
63,12,000 shares (aggregating up to ₹85.21 Cr)
Fresh Issue
63,12,000 shares (aggregating up to ₹ 85.21 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE SME
Share Holding Pre Issue
1,75,12,704 shares
Share Holding Post Issue
2,38,24,704 shares
Market Maker Portion
3,16,000 sharesSpread X Securities Private Limited

IPO Subscription Details

Anchor Investors
1
Market Maker
1
Qualified Institutions
69.88
Non-Institutional Buyers***
256.9
Retail Investors
88.27
Employees
1.11
Total **
118.08

Day Wise Sub

DayDay 1 Jan 7, 2025
QIB0
NII*0.93
Retail2.72
EMP0.29
Total1.55
DayDay 2 Jan 8, 2025
QIB4.04
NII*8.01
Retail13.44
EMP0.74
Total9.51
DayDay 3 Jan 9, 2025
QIB69.88
NII*256.9
Retail88.27
EMP1.11
Total118.08

Day Wise GMP

Date14-01-2025
Price135.00
GMP12(8.89%)
Estimate List Price147
Date13-01-2025
Price135.00
GMP12(8.89%)
Estimate List Price147
Date12-01-2025
Price135.00
GMP22(16.3%)
Estimate List Price157
Date11-01-2025
Price135.00
GMP22(16.3%)
Estimate List Price157
Date10-01-2025
Price135.00
GMP35(25.93%)
Estimate List Price170
Date09-01-2025
Price135.00
GMP45(33.33%)
Estimate List Price180
Date08-01-2025
Price135.00
GMP60(44.44%)
Estimate List Price195
Date07-01-2025
Price135.00
GMP45(33.33%)
Estimate List Price180
Date06-01-2025
Price135.00
GMP35(25.93%)
Estimate List Price170
Date05-01-2025
Price135.00
GMP21(15.56%)
Estimate List Price156
Date04-01-2025
Price135.00
GMP21(15.56%)
Estimate List Price156
Date03-01-2025
Price135.00
GMP21(15.56%)
Estimate List Price156
Date02-01-2025
Price135.00
GMP21(15.56%)
Estimate List Price156

IPO Important Dates

IPO Open Date
Tuesday, January 7, 2025
IPO Close Date
Thursday, January 9, 2025
Basis of Allotment
Friday, January 10, 2025
Initiation of Refunds
Monday, January 13, 2025
Credit of Shares to Demat
Monday, January 13, 2025
Listing Date
Tuesday, January 14, 2025
Cut-off time for UPI mandate confirmation
5 PM on January 9, 2025

IPO Lot Size

ApplicationRetail (Min)
Lots1
Shares1000
Amount₹1,35,000
ApplicationRetail (Max)
Lots1
Shares1000
Amount₹1,35,000
ApplicationHNI (Min)
Lots2
Shares2,000
Amount₹2,70,000

Financial Information

Period EndedPeriod Ended
31 Jul 202431 Jul 2024
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Jul 202426,999.85
31 Mar 202423,948.52
31 Mar 202319,725.84
Period EndedRevenue
31 Jul 202415,686.45
31 Mar 202459,619.2
31 Mar 202335,329.74
Period EndedProfit After Tax
31 Jul 2024194.46
31 Mar 20242,188.91
31 Mar 20231,733.51
Period EndedNet Worth
31 Jul 202412,863.48
31 Mar 202412,666.79
31 Mar 202310,479.04
Period EndedReserves and Surplus
31 Jul 202411,124.2
31 Mar 202411,797.15
31 Mar 20239,609.4
Period EndedTotal Borrowing
31 Jul 20246,411.09
31 Mar 20244,947.28
31 Mar 20234,163.54

IPO Reservation

Anchor Investor Shares Offered
17,86,000 (28.3%)
Market Maker Shares Offered
3,16,000 (5.01%)
QIB Shares Offered
11,92,000 (18.88%)
NII (HNI) Shares Offered
8,94,000 (14.16%)
Retail Shares Offered
20,86,000 (33.05%)
Employee Shares Offered
38,000 (0.6%)
Total Shares Offered
63,12,000 (100%)

Information about company

Incorporated in 2005, B.R.Goyal Infrastructure Limited is engaged in the business of construction of infrastructure projects such as roads, highways, bridges and buildings. The company has established an integrated EPC and construction business, supported by a design and engineering team and RMC unit. The RMC unit, located in Indore, has an installed capacity of 1.80 Lakh cubic meters per annum. As of September 30, 2024, the company operates with over 199 construction equipment and vehicles. The company entered the wind energy business by installing a 1.25 MW wind power turbine in Jaisalmer, Rajasthan, commissioned in 2005. The company has successfully executed projects across Madhya Pradesh and is currently executing road construction projects in Maharashtra, Gujarat, Mizoram, Manipur, and Uttar Pradesh after expanding operations. Business is divided into 5 categories: Engineering Procurement Construction (EPC) services: Roads and Highways,Building and other Civil Construction Ready Mix Concrete (RMC) manufacturing: Ready Mixed Concrete (RMC) is produced using computer-controlled operations, ensuring minimal environmental impact in sensitive areas. Wind power generation: The company owns a 1.25 MW windmill in Jaisalmer, generating revenue and units as follows: July 2024 (13.35 INR, 3.97 Lakh KWh), March 2024 (49.38 INR, 14.70 Lakh KWh), March 2023 (33.57 INR, 10.64 Lakh KWh), March 2022 (45.49 INR, 13.85 Lakh KWh). Toll Collection Contract (TCC): TCC projects are spread across Madhya Pradesh, Maharashtra, Gujarat, Punjab, Haryana, Uttar Pradesh, Mizoram and Manipur. Residential Plotting Projects: The company recently launched 2 residential plotting projects named as BRG Hill View - II and BRG Hill View II Extension at Village Sanawadiya, Indore. As on September 30, 2024, the company had 402 permanent employees and 212 employees at our TCCs. Competitive Strengths: Established roads and highways sector focused construction developer Efficient business model Strong Order Book with growing project portfolio. Technology enabled project management capabilities Project management Equipment ownership Strong Workforce Experienced management team

Objectives of IPO

The Company intend to utilize the net proceeds of the Issue to meet the following objects: Funding capital expenditure requirement of the company Funding Working Capital Requirement of the Company Funding expenditure for inorganic growth through acquisitions & other strategic initiatives and General Corporate Purposes

Disclaimer

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