B.R.Goyal IPO Details
The B.R.Goyal IPO is a book build issue with a total issue size of ₹85.21 cr, comprising of fresh issue of 6312000 equity shares. B.R.Goyal IPO opened for subscription on Jan 07, 2025 and closed on Jan 09, 2025. B.R.Goyal IPO is set price band at ₹128 to ₹135 per share, with a lot size of 1000 shares. Minimum investment for Retail investors was ₹270,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jan 10, 2025, and listed on both the NSE and BSE on Jan 14, 2025.
MUFG Intime India Private Limited has been appointed as the registrar. Beeline Capital Advisors Pvt Ltd are the Book Running Lead Manager for the issue.
Before investing in the B.R.Goyal IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 128 – 135
- Lot Size
- 1000
- Issue Size
- ₹85.21 Cr
- Minimum Investment
- ₹270000 (2000 Shares)
- Listing Date
- 14 January 2025
Current GMP
₹12 (+8.89%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About B.R.Goyal Infrastructure Limited
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.
B.R.Goyal IPO Promoters
- Mr. Brij Kishore Goyal
- Mr. Balkrishna Goyal
- Mr. Gopal Goyal
- Mr. Rajendra Kumar Goyal
- Mr. Yash Goyal
- Mr. Uppal Goyal
- M/S. B.R. Goyal Holdings Private Limited
Promoters Holding
Holding Pre Issue
93.31%
Holding Post Issue
73.00%
B.R.Goyal IPO Objective
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
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
Book Running Lead Managers
- Beeline Capital Advisors Pvt Ltd
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 with a total issue size of ₹85.21 crore. The B.R.Goyal IPO price band is ₹128 to 135 per share. The B.R.Goyal IPO subscription opens on Tue, Jan 7, 2025, and closes on Thu, Jan 9, 2025. The B.R.Goyal IPO will be listed on the BSE. MUFG Intime India Private Limited is the registrar for the B.R.Goyal IPO.
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 per share.
B.R.Goyal IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹270000 based on the upper price band
The minimum investment for B.R.Goyal IPO is ₹270000, based on one lot of 1000 shares at the upper price band of ₹135 per share.
Investors can apply for the B.R.Goyal IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Jan 9, 2025. The application amount remains blocked until the B.R.Goyal IPO allotment is finalized.
B.R.Goyal IPO issue size is ₹85.21 crores.
B.R.Goyal IPO allotment date is Wed, Jul 1, 2026.
The registrar for B.R.Goyal IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check B.R.Goyal IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.