B.R. Goyal IPO Details
The key details of B.R.Goyal’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹85.21 Cr |
| Price Range | ₹128 - ₹135 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 1000 |
| Investment (cut-off price) | ₹1,35,000 |
| Pre IPO Promotor Holding | 99.31% |
| Post IPO Promotor Holding | 73% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
B.R. Goyal IPO Timelines
The IPO process for B.R.Goyal includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
07/01/2025
Start Date09/01/2025
End Date13/01/2025
Refund Initiation13/01/2025
Credit of Shares to Demat Ac14/01/2025
Listing DateB.R. Goyal IPO Lot Size
The B.R.Goyal IPO has a fixed lot size of 1,000 shares, at an upper price band of ₹135 per share, requiring ₹135,000 per lot for retail investors. For HNI investors, the minimum application is 2,000 shares (2 lots) amounting to ₹270,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1000 | ₹1,35,000 |
| Retail Maximum | 1 | 1000 | ₹1,35,000 |
| HNI Minimum | 2 | 2000 | ₹2,70,000 |
B.R. Goyal IPO Subscription Status
The subscription status for B.R.Goyal IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 69.88x | 256.90x | 88.27x | 1.11x | 118.08x |
IPO Performance on Listing Day
On the listing day (January 14, 2025), B.R. Goyal made a flat debut on the stock exchange. The stock opened at ₹135.75, recording a marginal premium of 0.6% over its issue price of ₹135. During the trading session, the stock gained steady momentum, climbing to a high of ₹142.50 while maintaining support at its opening levels. The shares concluded their first trading day at ₹142.50, securing a modest gain of 5.6% over the issue price, suggesting a stable market response to this new listing.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹135.75 | ₹142.50 | ₹142.50 | ₹135.00 |
B.R. Goyal IPO Company Financials
B.R. Goyal reports robust performance in FY2024 with Total Income of ₹596.19 crores, managing expenses at ₹557.58 crores, and achieving a strong PAT (Profit After Tax) of ₹21.89 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹228.63 | ₹202.01 | ₹7.56 |
| FY 2023 | ₹353.30 | ₹330.11 | ₹17.34 |
| FY 2024 | ₹596.19 | ₹557.58 | ₹21.89 |
About Company
B.R. Goyal Infrastructure, established in 1986 as a partnership firm and later incorporated as a public limited company in 2018, specializes in the construction and development of infrastructure projects across various sectors, including roads, highways, bridges, and buildings. The company operates primarily in Madhya Pradesh, Maharashtra, Gujarat, Punjab, Haryana, Uttar Pradesh, Mizoram, and Manipur. B.R. Goyal Infrastructure offers Engineering Procurement Construction (EPC) services to government departments, focusing on roads, highways, commercial complexes, housing projects, and Hybrid Annuity Mode (HAM) projects. Additionally, the company is involved in manufacturing Ready-Mix Concrete (RMC), wind power generation, Toll Collection Contracts (TCC), and residential plotting projects.
B.R. Goyal Infrastructure has an integrated construction business supported by its design and engineering team, along with a well-established RMC unit in Indore, which has an annual capacity of 1.80 lakh cubic meters. The company also ventured into wind power generation with a 1.25 MW wind turbine installed in Jaisalmer, Rajasthan, generating substantial revenue. Their business is divided into five core segments: EPC services, RMC manufacturing, wind power generation, TCC, and residential plotting projects. With over 192 construction vehicles and equipment and a workforce of 572 employees as of July 2024, B.R. Goyal Infrastructure continues to expand its operations across multiple regions and successfully executes infrastructure projects across India.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2005 | Infrastructure | Brij Kishore Goyal |
Know Before Investing
B.R. Goyal IPO Strengths
- The company has demonstrated impressive financial performance, with revenue increasing from ₹22,488.26 lakhs in FY22 to ₹58,875.91 lakhs in FY24.
- B.R. Goyal operates across various sectors, including civil construction, ready-mix concrete, wind power, and toll collection, enhancing resilience.
- The company has a strong track record of successfully executing complex infrastructure projects across multiple states in India.
- Funds raised will support capital expenditures and strategic acquisitions, positioning the company for future growth opportunities.
B.R. Goyal IPO Risks
- As a newly listed entity, B.R. Goyal lacks extensive historical performance data, making it difficult for investors to gauge long-term stability.
- The company has experienced fluctuations in revenue, raising concerns about its ability to maintain consistent financial performance.
- Operating in the construction sector, B.R. Goyal faces intense competition, which may pressure profit margins and market share.
- With a debt-to-equity ratio of 0.39, the company’s financial stability may be impacted by rising interest rates or economic downturns.
- The construction industry is subject to stringent regulations; non-compliance could lead to legal issues and operational disruptions.
Swot Analysis for B.R. Goyal IPO
Strengths
Strong performance history, Proven execution capabilities, Robust resource base
Weaknesses
Dependence on government contracts, Increasing compliance requirements, Limited diversification
Opportunities
Growth in infrastructure sector, Private investment initiatives, Smart City projects
Threats
Volatile raw material prices, Intense competition, Regulatory policy changes
Company Details
B.R. Goyal Infrastructure Limited
3-A
Agrawal Nagar,
Indore 452001,
Phone: +91-731 2403831
Email: cs@brginfra.in
Website: http://www.brginfra.com/
IPO Registar Details
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: brgoyal.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
FAQs
The key objectives of B.R. Goyal IPO are:
- Funding capital expenditure
- Funding working capital
- Funding inorganic growth (acquisitions, strategic initiatives, corporate purposes)
Beeline Capital Advisors Pvt Ltd is the book-running lead managers for the B.R. Goyal IPO.