Goel Construction IPO
Open SmeCurrent GMP
₹50 (+19.01%)
Price Band
₹ 250 – 263
Lot Size
400
Issue Size
₹100.15 Cr
Minimum Investment
₹210400 (800 Shares)
Listing Date
09 September 2025
Subscription
128.05x
About the Company
Incorporated in 1997, Goel Construction Company Limited (GCCL) is a prominent construction contracting firm with a strong focus on industrial and infrastructure projects across India. The company has developed specialized expertise in executing complex civil and structural works, particularly in sectors such as cement, power, dairy, steel, and other industrial plants.
Since its inception in Rajasthan, GCCL has steadily expanded its footprint across 12 Indian states, undertaking a diverse range of industrial and institutional construction assignments. Initially working on smaller-scale projects and subcontracting assignments, the company has evolved into a full-scale EPC contractor, managing end-to-end project execution.
Key Highlights:
- Sector Focus:
- Cement Plants: Construction of clinkerization units, grinding units, pre-heaters, silos, cement mills, and allied facilities.
- Power Plants: Civil, structural, and architectural works for Balance of Plant (BoP) components like coal and ash handling systems, chimneys, cooling towers, and water treatment facilities.
- Dairy Plants: Turnkey construction of dairy processing units, cattle feed plants, and allied food-grade facilities.
- Other Industrial Projects: Includes steel, pharmaceutical, and institutional infrastructure works.
- Track Record:
- Successfully executed 18 projects over the last three years with a total contract value of ₹1,03,320.40 lakhs.
- As of February 28, 2025, executing 14 ongoing projects across 7 states, with a robust order book of ₹48,861.97 lakhs.
- Geographical Presence:
Operational in key states including Rajasthan, Madhya Pradesh, Maharashtra, Haryana, Punjab, Uttar Pradesh, Jharkhand, Odisha, Andhra Pradesh, Chhattisgarh, Gujarat, and Karnataka. - Human Capital:
Supported by a workforce of 1,168 employees and contract labour, ensuring timely execution and high-quality standards.
Competitive Strengths:
- Proven project execution and management capabilities
- Long-standing client relationships across core sectors
- Strong order book ensuring future revenue visibility
- Consistent financial performance and operational stability
- Effective asset and fleet management systems
Promoters
- Mr. Purushottam Dass Goel
- Mr. Arun Kumar Goel
- Mr. Naresh Kumar Goel
- Mr. Ratan Kumar Goel
- Mr. Amit Goel
- Mr. Anuj Goel
- Mr. Ashwani Goel
- Mr. Chinmay Goel
- Mr. Mohak Goel
- Mrs. Soni Goel
- Mrs. Isha Goel
- Mrs. Nirmala Goel
- Mrs. Suman Goel
Promoters Holding
Holding Pre Issue
97.70%
Holding Post Issue
71.83%
Objects of the Issue
The Company Goel Construction IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Capital expenditure towards purchase of additional equipments and fleets
- Repayment / prepayment of certain outstanding borrowings availed by the company
- General corporate purposes
Address / Contact Info
Goel Construction Company Limited
230, City Centre, S.C. Road,
Jaipur 302001,Rajasthan
Phone: 0141-2365121
Email: info@goelconstruction.co.in
Website: https://www.goelconstruction.co.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 02 September 2025
IPO Close Date
Thursday, 04 September 2025
Basis of Allotment
Monday, 08 September 2025
Initiation of Refunds
Tuesday, 09 September 2025
Credit of Shares to Demat
Tuesday, 09 September 2025
Listing Date
Tuesday, 09 September 2025 — NSE & BSE
Important Dates
Open Date
02 September 2025
Close Date
04 September 2025
Basis Of Allotment
08 September 2025
Listing Date
09 September 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 265.09 | 219.51 | 205.04 |
| Revenue | 594.34 | 388.79 | 272.94 |
| Profit After Tax | 38.32 | 22.64 | 14.3 |
| Net Worth | 131.59 | 93.27 | 70.62 |
| Reserve & Surplus | 120.22 | 92.23 | 69.59 |
| Total Borrowings | 28.71 | 30.51 | 28.51 |
EPS Pre
33.72%
EPS Post
26.52%
P/E Pre
7.80
P/E (Post Issue)
9.92x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE % | 0 | 0 | 0 |
| ROCE % | 33.69 | 26.43 | 20.96 |
| Debt / Equity | 0.22 | 0.33 | 0.4 |
| RoNW % | 34.09 | 27.63 | 22.53 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 6.5 | 5.87 | 5.28 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 708400 | 27.72 | 0 |
| Non-Institutional | 532800 | 20.85 | 0 |
| BNII | 355200 | 13.9 | 0 |
| SNII | 177600 | 6.95 | 0 |
| Retail Investors | 1240800 | 48.55 | 0 |
| Employees | 73600 | 2.88 | 0 |
| Total | 2555600 | 100 | 0 |
Subscription Status ( Thu, 04 Sep 25 01:52 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 708400 | 87982000 | 124.2x |
| Non-Institutional | 532800 | 119963600 | 225.16x |
| Retail Investors | 1240800 | 109872000 | 88.55x |
| Total | 2482000 | 317817600 | 128.05x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Goel Construction Company Ltd | 10 | 0.00 | 33.72 | 33.72 | 34.09 | 115.78 |
| Power Mech Projects Ltd | 10 | 33.03 | 95.05 | 95.05 | 14.27 | 665.90 |
| Suntech Infra Solutions Ltd | 10 | 8.77 | 7.98 | 7.98 | 24.05 | 32.74 |
| Ahluwalia Contracts (India) Ltd | 10 | 31.52 | 30.08 | 30.08 | 11.19 | 268.71 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 800 | 210,400.00 |
| Retail (Max) | 2 | 800 | 210,400.00 |
| S-HNI (Min) | 3 | 1,200 | 315,600.00 |
| S-HNI (Max) | 9 | 3,600 | 946,800.00 |
| B-HNI (Min) | 10 | 4,000 | 1,052,000.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Srujan Alpha Capital Advisors Llp
RHP Document
DRHP Document
Anchor Investors
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.
Goel Construction IPO is a Book-building IPO worth ₹100.15 crores. The price band is ₹250 to 263 per share. The IPO opens on Tue, Sep 2, 2025 and closes on Thu, Sep 4, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Goel Construction IPO opens on Tue, Sep 2, 2025 and closes on Thu, Sep 4, 2025
Goel Construction IPO Price Band is ₹250 to 263.
Goel Construction IPO lot size is 400, and the minimum amount required for application is ₹210400.
The minimum investment for Goel Construction IPO is approximately ₹210400 based on the upper price band.
To apply for the Goel Construction 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, Sep 4, 2025. After submission, funds are blocked until the basis of allotment of Goel Construction IPO is finalised.
Goel Construction IPO issue size is ₹100.15 crores.
Goel Construction IPO allotment date is Sat, Jun 27, 2026.
The registrar for Goel Construction 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 Goel Construction IPO through their official website or helpline.
The Goel Construction IPO GMP (Grey Market Premium) is ₹50 as of Tue, Sep 9, 2025. Based on the upper price band of ₹263 per share, the estimated Goel Construction IPO listing price is ₹313, indicating a potential listing gain of approximately 31% over the issue price.