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B.R.Goyal Infrastructure Ltd

IPO Details · GMP · Subscription · Financials

✅ Listed BSE SME SME Live Chart
Issue Price
₹135
Per Share
GMP
NIL
Grey Market
Est. Listing
₹135
Expected Price
Min. Application
₹270,000
2 lots × 1000 shares
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
Check AllotmentCheck Status →
B.R.Goyal Infrastructure Ltd — Live Price LIVE
₹135.00
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Issue ₹135.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹135
GMPNIL
Est. Listing₹135
Lot Size1,000 shares
Min Amount₹270,000
Listing Date14 Jan 2025
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹135
Listing Date14 Jan 2025
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
Market Maker 316,000 ₹4.27 Cr
TOTAL 6,312,000 100.00% ₹85.21 Cr
* Based on ₹135.00 (upper price band)
Lot Size & Investment Details
Lot Size
1,000
Shares
Issue Price
₹135.00
Per Share
Min Investment
₹135,000
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 1,000 ₹135,000
Retail (Max) 13 13,000 ₹1,755,000
sNII (Min) 14 14,000 ₹1,890,000
bNII (Min) 68 68,000 ₹9,180,000
Company Financials — Restated Consolidated (Amount in ₹ Lakhs)
Particulars31 Jul 202431 Mar 202431 Mar 2023
Revenue from Operations 15686.45 59619.20 35329.74
EBITDA N/A N/A N/A
Profit After Tax (PAT) 194.46 2188.91 1733.51
Net Worth 12863.48 12666.79 10479.04
Total Assets 26999.85 23948.52 19725.84
Reserves & Surplus 11124.20 11797.15 9609.40
Total Borrowings 6411.09 4947.28 4163.54
Key Ratios & Valuation
Issue Price ₹135
Face Value ₹10 Per Share
P/BV 0.93
RoE 18.91%
RoCE 19.72%
RoNW 18.91%
PAT Margin (%) 3.72%
EBITDA Margin (%) N/A
Debt / Equity 0.50
Company Details
Company
B.R.Goyal Infrastructure Ltd
Exchange
BSE SME
IPO Type
SME IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
3-A Agrawal Nagar, Indore 452001, Indore, Madhya Pradesh
Book Running Lead Managers
Beeline Capital Advisors Pvt.Ltd.
Book Running Lead Manager (BRLM)