IPO Issue Details
Issue Price / Price Band₹135 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,000 Shares per Lot
Total Issue Size63,12,000 shares (aggregating up to ₹85.21 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 07 Jan 2025
Subscription CloseThu, 09 Jan 2025
Anchor AllotmentMon, 06 Jan 2025
Basis of AllotmentFri, 10 Jan 2025
Initiation of RefundsMon, 13 Jan 2025
Credit of Shares to DematMon, 13 Jan 2025
Listing DateTue, 14 Jan 2025
UPI Mandate Deadline2025-01-09
Application & Investment Details
Retail — Min (1 Lots)135000 — 1000 shares
Retail — Max (13 Lots)₹1,755,000 (13 Lots)
HNI — Min (2 Lots)270000 — 2000 shares
EPS (Pre-IPO)₹12.50
EPS (Post-IPO)₹2.45
P/E Ratio (Pre-IPO)10.8x
P/E Ratio (Post-IPO)55.13x
Net Offer to Public59,96,000 shares (aggregating up to ₹80.95 Cr)
Reserved for Market Maker3,16,000 shares (aggregating up to ₹4.27 Cr)
Pre-IPO Promoter Holding1,75,12,704 shares
Post-IPO Promoter Holding2,38,24,704 shares
About B.R.Goyal Infrastructure Ltd
Incorporated in 2005, B.R.Goyal Infrastructure Limited is engaged in the business of construction of infrastructure projects such as roads, highways, bridges and buildings.The company has established an integrated EPC and construction business, supported by a design and engineering team and RMC unit. The RMC unit, located in Indore, has an installed capacity of 1.80 Lakh cubic meters per annum. As of September 30, 2024, the company operates with over 199 construction equipment and vehicles.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 ConstructionReady Mix Concrete (RMC) manufacturing: Ready Mixed Concrete (RMC) is produced using computer-controlled operations, ensuring minimal environmental impact in sensitive areas.Wind power generation: The company owns a 1.25 MW windmill in Jaisalmer, generating revenue and units as follows: 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 spread across Madhya Pradesh, Maharashtra, Gujarat, Punjab, Haryana, Uttar Pradesh, Mizoram and Manipur.Residential Plotting Projects: The company recently launched 2 residential plotting projects named as BRG Hill View - II and BRG Hill View II Extension at Village Sanawadiya, Indore.As on September 30, 2024, the company had 402 permanent employees and 212 employees at our TCCs.Competitive Strengths:Established roads and highways sector focused construction developerEfficient business modelStrong Order Book with growing project portfolio.Technology enabled project management capabilitiesProject managementEquipment ownershipStrong WorkforceExperienced management team
Objects of the Issue
B.R.Goyal Infrastructure Ltd proposes to utilise the net proceeds from the Issue for 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
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,75,12,704 shares
Post-IPO Promoter Holding
2,38,24,704 shares