Goel Construction IPO
GMP, Subscription, Price, Dates & Financial Details
Engineering - Construction
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…
Open Date
Tue, 02 Sep 2025
Close Date
Thu, 04 Sep 2025
Price Band
₹ 250 – 263
Lot Size
400
Issue Size
₹ 100.15 Cr
Minimum Investment
₹ 210,400 (800 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Goel Construction IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹100.15 Crore, comprising a fresh issue of 28.94 Lakh equity shares aggregating to ₹76.11 Crore and an offer for sale (OFS) of 7.24 Lakh equity shares aggregating to ₹19.03 Crore by the existing shareholders.
The Goel Construction IPO remained open for subscription from September 02, 2025, to September 04, 2025. The basis of allotment was finalized on September 08, 2025, and the company's shares were listed on BSE SME Platform on September 09, 2025.
The company had fixed the price band at ₹250 to ₹263 per share, with a lot size of 400 shares. Retail investors were required to make a minimum investment of ₹210,400 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Srujan Alpha Capital Advisors Llp acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Goel Construction Company Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Goel Construction IPO Timeline (Tentative)
- IPO Open Date
- Tue, 02 Sep 25
- IPO Close Date
- Thu, 04 Sep 25
- Basis of Allotment
- Mon, 08 Sep 25
- Initiation of Refunds
- Tue, 09 Sep 25
- Credit of Shares to Demat
- Tue, 09 Sep 25
- Listing Date
- Tue, 09 Sep 25 — NSE & BSE
Open Date
02 September 2025
Close Date
04 September 2025
Basis Of Allotment
08 September 2025
Listing Date
09 September 2025
IPO Subscription
Check Live Subscription →The Goel Construction IPO has received bids for 31,78,17,600 shares against 24,82,000 shares offered, resulting in an overall subscription of 128.05x. the NII category is subscribed 225.16x, Retail Investors 88.55x, and QIBs 124.2x.
QIB
124.2x
NII
225.16x
RII
88.55x
Total
128.05x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 12,40,800 shares, representing 48.55% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 7,08,400 shares (27.72%), while Non-Institutional Investors (NIIs) receive 5,32,800 shares (20.85%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 708,400 | 27.72% |
| Non-Institutional | 532,800 | 20.85% |
| BNII | 355,200 | 13.9% |
| SNII | 177,600 | 6.95% |
| Retail Investors | 1,240,800 | 48.55% |
| Employees | 73,600 | 2.88% |
| Total | 2,555,600 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Goel Construction Company Limited KPI Information
| Particular | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROCE % | 33.69 | 26.43 | 20.96 |
| Debt / Equity | 0.22 | 0.33 | 0.4 |
| RoNW % | 34.09 | 27.63 | 22.53 |
| Pat Margin % | 6.5 | 5.87 | 5.28 |
Peers Comparison
| 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 |
About Goel Construction Company Limited
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
Goel Construction IPO 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%
Goel Construction IPO Objective
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
Goel Construction Company Limited Address / Contact Details
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
Goel Construction IPO Lot Size
The Goel Construction IPO has a lot size of 400 shares. Retail investors require a minimum investment of ₹2,10,400 by applying for 2 lot (800 shares). The maximum application allowed for the retail category is 2 lots (800 shares), requiring an investment of ₹2,10,400.
| 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 |
Issue Reservation
- QIB — 27.72%
- NII — 20.85%
- RII — 48.55%
- EMP — 2.88%
Book Running Lead Managers
- Srujan Alpha Capital Advisors Llp
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Goel Construction IPO?
Goel Construction IPO is a Book-building IPO with a total issue size of ₹100.15 crore. The Goel Construction IPO price band is ₹250 to 263 per share. The Goel Construction IPO subscription opens on Tue, Sep 2, 2025, and closes on Thu, Sep 4, 2025. The Goel Construction IPO will be listed on the BSE. MUFG Intime India Private Limited is the registrar for the Goel Construction IPO.
When will the Goel Construction IPO open for subscription?
The Goel Construction IPO opens on Tue, Sep 2, 2025 and closes on Thu, Sep 4, 2025
What is Goel Construction IPO Price Band?
Goel Construction IPO Price Band is ₹250 to 263 per share.
What is Goel Construction IPO Lot Size?
Goel Construction IPO lot size is 400 shares, Retail investors need a minimum investment of ₹210400 based on the upper price band
What is the minimum investment for Goel Construction IPO?
The minimum investment for Goel Construction IPO is ₹210400, based on one lot of 400 shares at the upper price band of ₹263 per share.
How to apply for Goel Construction IPO?
Investors can apply for the Goel Construction 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, Sep 4, 2025. The application amount remains blocked until the Goel Construction IPO allotment is finalized.
What is Goel Construction IPO Issue Size?
Goel Construction IPO issue size is ₹100.15 crores.
What is the Goel Construction IPO Allotment Date?
Goel Construction IPO allotment date is Mon, Sep 8, 2025.
Who is the Goel Construction IPO Registrar?
The registrar for Goel Construction IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Goel Construction IPO allotment status, refund processing, and other IPO-related information.
What is the Goel Construction IPO GMP?
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 19.01% over the issue price.
Who is the Goel Construction IPO Lead Manager?
The book-running lead managers (BRLMs) for the Goel Construction IPO are Srujan Alpha Capital Advisors Llp. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Goel Construction IPO Red Herring Prospectus (RHP).