B.R.Goyal Infrastructure Limited IPO
BSE SMEListed On: Jan 14, 2025 at ₹ 135.75
₹ 270000 /2000 Shares
*Min Investment
07 Jan, 2025
Open Date09 Jan, 2025
Close Date10 Jan, 2025
Allotment Date14 Jan, 2025
Listing DateB.R.Goyal Infrastructure IPO Issue Details
- Issue Price ₹128-135 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 63,12,000 shares(aggregating up to ₹85.21 crore)
- Fresh Share 63,12,000 shares(aggregating up to ₹85.21 crore)
- Listing at BSE SME
- List Price 135.75
- Listing Date 2025-01-14
- Lead Manager Beeline Capital Advisors Pvt Ltd
- Registrar Link Intime India Private Ltd
Market Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1000 | ₹1,35,000 |
| Retail(max) | 1 | 1000 | ₹1,35,000 |
| NII (min) | 2 | 2000 | ₹2,70,000 |
B.R.Goyal Infrastructure IPO Reservation
B.R.Goyal Infrastructure IPO offers total NA shares. Out of which 11,92,000 (18.88%) allocated to QIB, 8,94,000 (14.16%) allocated to NII,20,86,000 (33.05%) allocated to RII, NA (NA%) allocated to employees and 17,86,000 (28.3%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 17,86,000 (28.3%) | |
| Market Maker Shares Offered | 3,16,000 (5.01%) | |
| QIB Shares Offered | 11,92,000 (18.88%) | |
| NII (HNI) Shares Offered | 8,94,000 (14.16%) | |
| Retail Shares Offered | 20,86,000 (33.05%) | |
| Total Shares Offered | NA (100%) |
B.R.Goyal Infrastructure IPO Details
B.R.Goyal Infrastructure Limited IPO is an SME IPO, priced at ₹128-135 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 63,12,000 equity shares, aggregating up to ₹85.21 crores..
The IPO bidding window is open from Jan 7, 2025 to Jan 9, 2025. The allotment is expected to be finalized on Jan 10, 2025, and the tentative listing date is Jan 14, 2025.
The minimum lot size for retail investors is 1000 shares, with a minimum investment of ₹1,35,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,70,000.
Beeline Capital Advisors Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Link Intime India Private Ltd, and Spread X Securities Private Limited will act as the market maker for this issue.
B.R.Goyal Infrastructure IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 11,92,000 / 8,94,000 | 20,86,000 | 42,10,000 |
Day 1 07-01-25 06:00 PM | 0.00 / 0.93 x | 2.72 x | 1.55 x |
Day 2 08-01-25 06:00 PM | 4.04 / 8.01 x | 13.44 x | 9.51 x |
Day 3 09-01-25 06:00 PM | 69.88 / 256.9* x | 88.27 x | 118.08 x |
B.R.Goyal Infrastructure Valuations
B.R.Goyal Infrastructure Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 23,948.52 | 19,725.84 | 20,338.54 |
| Revenue | 59,619.2 | 35,329.74 | 22,863.32 |
| Profit After Tax | 2,188.91 | 1,733.51 | 756.09 |
| Net Worth | 12,666.79 | 10,479.04 | 8,746.91 |
| Reserves & Surplus | 11,797.15 | 9,609.4 | 7,877.27 |
| Total Borrowing | 4,947.28 | 4,163.54 | 5,340.28 |
About B.R.Goyal Infrastructure Company
Incorporated in the year 2005, B.R.Goyal Infrastructure Limited is involved in construction of infrastructure projects like roads, highways, bridges and buildings.
It has set up an integrated EPC and construction business supported by a design and engineering team and RMC unit. The RMC unit at Indore has installed capacity of 1.80 Lakh cubic meters per annum. The company, as of September 30, 2024, has more than 199 construction equipment and vehicles in operation.
The company entered the wind energy business by installing a 1.25 MW wind power turbine in Jaisalmer, Rajasthan, commissioned in 2005.
The company has successfully executed projects across Madhya Pradesh and is currently executing road construction projects in Maharashtra, Gujarat, Mizoram, Manipur, and Uttar Pradesh after expanding operations.
Business is divided into 5 categories:
Engineering Procurement Construction (EPC) services: Roads and Highways,Building and other Civil Construction
Manufacturing Ready Mix Concrete: RMC manufacturing uses computerized operations, resulting in minimal environment degradation in sensitive regions.
Generating electricity through Windmill: The Company has 1.25 MW wind mill installed at Jaisalmer which gives revenue and units as shown below: July' 2024 (13.35 INR, 3.97 Lakh KWh), March '2024 (49.38 INR, 14.70 Lakh KWh), March '2023 (33.57 INR, 10.64 Lakh KWh), March '2022 (45.49 INR, 13.85 Lakh KWh).
Toll Collection Contract (TCC): TCC projects are located across Madhya Pradesh, Maharashtra, Gujarat, Punjab, Haryana, Uttar Pradesh, Mizoram and Manipur.
Residential Plotting Projects: The company has recently launched 2 residential plotting projects called as BRG Hill View - II and BRG Hill View II Extension at Village Sanawadiya, Indore.
The Company had, as on 30th September, 2024, 402 permanent employees and 212 employees at our TCCs.
B.R.Goyal Infrastructure - Promoter(s)
Mr. Brij Kishore Goyal, Mr. Balkrishna Goyal, Mr. Gopal Goyal, Mr. Rajendra Kumar Goyal, Mr. Yash Goyal, Mr. Uppal Goyal and M/S. B.R. Goyal Holdings Private Limited
Pre Issue Share Holding : 99.31%
Post Issue Share Holding : 73.00%
B.R.Goyal Infrastructure IPO - Issue Objectives
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
B.R.Goyal Infrastructure IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| B.R.Goyal Infrastructure Limited | 12.57 | 12.57 | 144.27 | N/A | 19.09 | 0.94 | Standalone |
| Teerth Gopicon Limited | 18.49 | 18.49 | 24.1 | 27.96 | 59.96 | 1.71 | Standalone |
| Udayshivakumar Infra Ltd | 5.54 | 5.54 | 31.6 | 13.53 | 17.22 | 1.55 | Standalone |
Notes:
- Basic & Diluted Earnings per share (EPS) is calculated on the weighted average number of shares after considering the Bonus Issue of Shares.
Contact Details
B.R.Goyal Infrastructure
3-A, Agrawal Nagar, Indore 452001,
+91-731 2403831
Registrar Contact Details
Link Intime India Private Ltd
+91-22-4918 6270
B.R.Goyal Infrastructure IPO - FAQs
Ans. B.R.Goyal Infrastructure Limited IPO is a SME IPO. The issue is priced at ₹128-135 per equity share. The minimum order quantity is 1000 Shares. The IPO opens on Jan 7, 2025, and closes on Jan 9, 2025. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The B.R.Goyal Infrastructure Limited IPO opens on Jan 7, 2025 and closes on Jan 9, 2025.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of B.R.Goyal Infrastructure Limited IPO is 63,12,000 shares(aggregating up to ₹85.21 Cr).
Ans. The B.R.Goyal Infrastructure Limited IPO price band is set between ₹128-135 per equity share.
Ans. To apply for B.R.Goyal Infrastructure Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find B.R.Goyal Infrastructure Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of B.R.Goyal Infrastructure Limited IPO is Jan 10, 2025.
Ans. The B.R.Goyal Infrastructure Limited IPO will be listed on Jan 14, 2025.
Ans. Follow the steps to check the B.R.Goyal Infrastructure Limited IPO allotment status online.
