Goel Construction IPO Details
The key details of Goel Construction Company’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹100.15 Cr |
| Price Range | ₹250 - ₹263 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 800 |
| Investment (cut-off price) | ₹2,10,400 |
| Pre IPO Promotor Holding | 97.70% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Goel Construction IPO Timelines
The IPO process for Goel Construction Company 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.
02/09/2025
Start Date04/09/2025
End Date09/09/2025
Refund Initiation09/09/2025
Credit of Shares to Demat Ac10/09/2025
Listing DateGoel Construction IPO Lot Size
The Goel Construction Company IPO has a fixed lot size of 400 shares, at an upper price band of ₹263 per share. For retail investors, the minimum and maximum application is 800 shares (2 lots) amounting to ₹2,10,400. For Small HNI (S-HNI) investors, the minimum application is 1,200 shares (3 lots) worth ₹3,15,600, while the maximum is 3,600 shares (9 lots) amounting to ₹9,46,800. Big HNI (B-HNI) investors need to apply for at least 4,000 shares (10 lots), totaling ₹10,52,000. For employee investors, the minimum application is 800 shares (2 lots) worth ₹2,10,400, while the maximum is 1,600 shares (4 lots) amounting to ₹4,20,800.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 800 | ₹2,10,400 |
| Retail Maximum | 2 | 800 | ₹2,10,400 |
| S-HNI Minimum | 3 | 1200 | ₹3,15,600 |
| S-HNI Maximum | 9 | 3600 | ₹9,46,800 |
| B-HNI Minimum | 10 | 4000 | ₹10,52,000 |
| Employee Minimum | 2 | 800 | ₹2,10,400 |
| Employee Maximum | 4 | 1600 | ₹4,20,800 |
Goel Construction IPO Subscription Status
The subscription status for Goel Construction Company 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 |
|---|---|---|---|---|
| 124.20x | 224.80x | 88.61x | 1.01x | 124.34x |
IPO Performance on Listing Day
On the listing day (September 10, 2025), Goel Construction Company made an impressive debut on the stock exchange. The stock opened at ₹302.50, commanding a strong premium of 15% over its issue price of ₹263. The construction company gained further momentum throughout the trading session, reaching a day high of ₹317.60 while finding solid support at ₹302.05. The shares concluded their first trading day at ₹317.60, which also marked the day’s high, delivering an exceptional gain of 20.8% over the issue price, reflecting robust investor confidence in the construction sector and strong market appetite for infrastructure development companies.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹302.50 | ₹317.60 | ₹317.60 | ₹302.05 |
Goel Construction IPO Company Financials
Goel Construction Company reports robust performance in FY2025 with Total Income of ₹594.34 crores, managing expenses at ₹542.90 crores, and achieving a strong PAT (Profit After Tax) of ₹38.32 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹272.94 | ₹254.06 | ₹14.30 |
| FY 2024 | ₹388.79 | ₹358.47 | ₹22.64 |
| FY 2025 | ₹594.34 | ₹542.90 | ₹38.32 |
About Company
Goel Construction Company Limited (GCCL), established in 1997, is a prominent construction and infrastructure company in India with expertise in civil and structural works across various sectors, including cement, power, dairy, steel, pharmaceuticals, hospitals, and institutional projects. The company’s core strength lies in executing large-scale industrial facilities such as cement plants, power plants, and dairy units, earning a reputation for reliability and timely project delivery. Since inception, GCCL has successfully completed 19 major projects worth ₹1,13,499.37 lakhs and is currently handling 14 ongoing projects across eight states with an order book of ₹59,660.28 lakhs, offering solid revenue visibility.
With a strong pan-India presence spanning states like Rajasthan, Gujarat, Uttar Pradesh, and Maharashtra, GCCL demonstrates its capacity to manage diverse and complex projects across geographies. The company owns a fleet of 202 specialized construction equipment, which supports efficient execution and cost optimization. As of June 30, 2025, GCCL employs 1,191 permanent staff, including engineers and project management professionals, reinforcing its technical and operational strength in delivering infrastructure projects to exacting standards.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 1997 | Infrastructure | Purushottam Dass Goel |
Know Before Investing
Goel Construction IPO Strengths
- The company has shown impressive revenue growth from ₹272.94 crore in FY23 to ₹594.34 crore in FY25, reflecting robust business expansion.
- The company undertakes projects in cement plants, dairies, hospitals, steel, power plants, pharmaceuticals, and institutional sectors, reducing dependency on a single industry.
- Long-standing relationships with multiple clients across sectors provide revenue stability and opportunities for repeat business.
- Total assets have grown to ₹265.09 crore in FY25, supporting the company’s expanding operations and project capacities.
- The increase in operating profit and stable operating profit margin (around 10%) reflect effective project execution and cost control measures.
Goel Construction IPO Risks
- A majority of revenue is generated from a small group of key customers. Loss or reduction in business from any of these clients could adversely affect financial performance.
- The company derives a significant portion of its revenue from cement plant projects, making it vulnerable to sector-specific downturns and cyclical demand fluctuations.
- Delays, increase in costs, or inefficiencies in executing construction projects could reduce profit margins and negatively impact financial health.
- The business requires substantial working capital due to long receivable cycles and performance guarantees, which can put pressure on liquidity.
- Operations are affected by seasonal factors, such as monsoon, which may slow work progress and impact financial results during certain quarters.
- Fluctuations in prices of key materials like steel, cement, and other construction inputs can increase project costs and squeeze margins.
Swot Analysis for Goel Construction IPO
Strengths
Technical Leadership and Reliability, Sector Expertise, Commitment to Quality and Safety
Weaknesses
Regional Operating Base, Capital and Working Capital Intensity, Project Execution Risks
Opportunities
Growth in Indian Infrastructure, Diversification into New Regions, Brand Building Initiatives
Threats
Intense Competition, Sectoral Cyclicality, Regulatory and Compliance Risks
Company Details
Goel Construction Co. Ltd.
230, City Centre, S.C. Road, Jaipur 302001, Rajasthan, India.
Phone: 0141-2365121
Email: info@goelconstruction.co.in
Website: https://www.goelconstruction.co.in/
IPO Registar Details
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: goelconstruction.smeipo@in.mpms.mufg.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
FAQs
The key objectives of Goel Construction SME IPO are:
- Capital expenditure towards purchase of additional equipments and fleets
- Repayment / prepayment of certain outstanding borrowings availed by the company
- General corporate purposes
Srujan Alpha Capital Advisors LLP is the book-running lead managers for the Goel Construction IPO.
Goel Construction showcases strong growth potential with revenue rising from ₹272.94 crore in FY2023 to ₹594.34 crore in FY2025. Having completed 18 projects worth over ₹1033 crore and managing 14 ongoing projects across 7 states, the company demonstrates execution capability and sectoral scalability despite regulatory and economic risks.
The issue price for the Goel Construction IPO is set between ₹250 to ₹263 per share.
To invest in two lot of Goel Construction IPO, you need ₹2,00,000 at the lower price band (₹250 per share) or ₹2,10,400 at the upper price band (₹263 per share) for a lot size of 800 shares.
Goel Construction IPO shares are scheduled to be listed on the Bombay Stock Exchange (BSE) on September 10, 2025.
Refund/unblocking of funds for Goel Construction IPO will begin on September 9, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Goel Construction IPO shares on listing day (September 10, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.