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B.R.Goyal IPO

Open Sme
BSE 07 January - 09 January 2025
B.R.Goyal Infrastructure Limited IPO is a book build issue of 85.21 Cr. The issue is entirely a fresh issue of 6312000 shares aggregating to 85.21 Cr. B.R.Goyal Infrastructure Limited IPO opened for subscription on Jan 07, 2025 and closed on Jan 09, 2025. The allotment for the this IPO was finalized on Jan 10, 2025. IPO was listed on NSE and BSE on Jan 14, 2025. B.R.Goyal Infrastructure Limited IPO is set issue price band at ₹128 to ₹135 per share.

Current GMP

₹12 (+8.89%)

Price Band

₹ 128 – 135

Lot Size

1000

Issue Size

₹85.21 Cr

Minimum Investment

₹270000 (2000 Shares)

Listing Date

14 January 2025

Subscription

119.23x

About the Company

B.R.Goyal Infrastructure Limited, established in 1986, is a prominent infrastructure construction company engaged in the development of roads, highways, bridges, buildings, and other infrastructure projects across several Indian states, including Madhya Pradesh, Maharashtra, Gujarat, Punjab, Haryana, Uttar Pradesh, Mizoram, and Manipur. Initially formed as a partnership firm, it was later converted into a private limited company in 2005 and subsequently became a public limited company in 2018.

The company provides Engineering Procurement Construction (EPC) services primarily for government departments, focusing on roads, highways, commercial complexes, industrial parks, housing projects, and Hybrid Annuity Mode (HAM) projects. B.R.Goyal also operates in wind power generation, Ready-Mix Concrete (RMC) manufacturing, and toll collection contracts. The business is divided into several segments: civil construction services (including EPC), RMC manufacturing, wind power generation, toll collection, and residential plotting projects.

The company has developed an integrated business model, incorporating in-house design and engineering capabilities, a dedicated RMC manufacturing unit with a capacity of 1.8 lakh cubic meters per annum, and a fleet of 192 construction vehicles as of 2024. This model helps ensure timely execution of projects. Furthermore, B.R.Goyal has expanded into wind energy, with a 1.25 MW wind turbine in Rajasthan.

Over the years, B.R.Goyal has undertaken various projects across multiple states, growing into a diversified conglomerate with interests in various infrastructure sectors. The company is known for its successful execution of road and building projects and has received accolades such as the "Captain of Industry" award from the Chief Minister of Madhya Pradesh in 2014. The promoters and directors of the company bring over two decades of experience in the infrastructure sector, contributing to the company's continued growth and project delivery.

Promoters

  1. Mr. Brij Kishore Goyal
  2. Mr. Balkrishna Goyal
  3. Mr. Gopal Goyal
  4. Mr. Rajendra Kumar Goyal
  5. Mr. Yash Goyal
  6. Mr. Uppal Goyal
  7. M/S. B.R. Goyal Holdings Private Limited
Promoters Holding

Holding Pre Issue

93.31%

Holding Post Issue

73.00%

Objects of the Issue

The Company intend to utilize the net proceeds of the Issue to meet the following objects:

  1. Funding capital expenditure requirement of the company
  2. Funding Working Capital Requirement of the Company
  3. Funding expenditure for inorganic growth through acquisitions & other strategic initiatives and General Corporate Purposes

Address / Contact Info

B.R.Goyal Infrastructure Limited
3-A, Agrawal Nagar,
Indore 452001 Madhya Pradesh

Phone: +91-731 2403831
Email: cs@brginfra.in
Website: http://www.brginfra.com/

IPO Snapshot

Face Value₹10 per share
Price Band₹ 128 – 135
Lot Size1000
Issue TypeBook-building IPO
Sale Type
Fresh Issue₹ 85.21 Cr
Offer for Sale₹ 0.00 Cr
Total Issue Size₹ 85.21 Cr
Listing AtBSE
Industry
Sector
QIB Quota18.83%
Retail Quota33.05%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

B.R.Goyal IPO is a Book-building IPO worth ₹85.21 crores. The price band is ₹128 to 135 per share. The IPO opens on Tue, Jan 7, 2025 and closes on Thu, Jan 9, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.

The B.R.Goyal IPO opens on Tue, Jan 7, 2025 and closes on Thu, Jan 9, 2025

B.R.Goyal IPO Price Band is ₹128 to 135.

B.R.Goyal IPO lot size is 1000, and the minimum amount required for application is ₹270000.

The minimum investment for B.R.Goyal IPO is approximately ₹270000 based on the upper price band.

To apply for the B.R.Goyal IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Jan 9, 2025. After submission, funds are blocked until the basis of allotment of B.R.Goyal IPO is finalised.

B.R.Goyal IPO issue size is ₹85.21 crores.

B.R.Goyal IPO allotment date is Sat, Jun 27, 2026.

The registrar for B.R.Goyal IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to B.R.Goyal IPO through their official website or helpline.

The B.R.Goyal IPO GMP (Grey Market Premium) is ₹12 as of Tue, Jan 14, 2025. Based on the upper price band of ₹135 per share, the estimated B.R.Goyal IPO listing price is ₹147, indicating a potential listing gain of approximately 31% over the issue price.