The B.R. Goyal IPO has been announced as a book-built issue amounting to ₹85.21 crores. An entirely fresh issue of 63.12 lakh shares is being offered under this IPO.
The subscription for the B.R. Goyal IPO is scheduled to be opened on January 7, 2025, and will be closed on January 9, 2025. The allotment of shares is expected to be finalized on Friday, January 10, 2025. The IPO is planned to be listed on the BSE SME platform, with the tentative listing date set as Tuesday, January 14, 2025.
A price band of ₹128 to ₹135 per share has been set for the B.R. Goyal IPO. Applications are required to be made in a minimum lot size of 1,000 shares. Retail investors are expected to invest a minimum amount of ₹1,35,000, while HNI investors are required to invest a minimum of ₹2,70,000, corresponding to 2 lots (2,000 shares).
Get the B.R.Goyal IPO RHP for detailed information.
| IPO Date | January 7, 2025 to January 9, 2025 |
| Listing Date | January 14, 2025 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 128 to ₹ 135 / Share |
| Lot Size | 1000 Shares |
| Total Issue Size | ₹85.21 Cr |
| Fresh Issue | ₹85.21 Cr |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,75,12,704 |
| Share holding post issue | 2,38,24,704 |
| Market Maker portion | 3,16,000 |
B.R.Goyal Infrastructure Limited IPO opens on January 7, 2025, and closes on January 9, 2025.
| IPO Open Date | January 7, 2025 |
| IPO Close Date | January 9, 2025 |
| Basis of Allotment | January 10, 2025 |
| Initiation of Refunds | January 13, 2025 |
| Credit of Shares to Demat | January 13, 2025 |
| Listing Date | January 14, 2025 |
| Cut-off time for UPI mandate confirmation | January 9, 2025 |
A minimum of 1,000 shares, and multiples thereof, can be bid for by investors. The minimum and maximum investments for retail investors and HNIs, in terms of shares and amount, are depicted in the table below.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | Rs.135,000 |
| Retail (Max) | 1 | 1,000 | Rs.135,000 |
| S-HNI (Min) | 2 | 2,000 | Rs.270,000 |
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) |
| Share Holding Pre Issue | 99.31% |
| Share Holding Post Issue | 73% |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50% of the Net Issue |
|
| NII (HNI) Shares Offered | Not less than 35% of the Net Issue |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 15% of the Net Issue |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
Incorporated in 2005, B.R. Goyal Infrastructure Limited has been engaged in the construction of infrastructure projects, including roads, highways, bridges, and buildings.
An integrated EPC and construction business has been established by the company, supported by a design and engineering team and an RMC unit. The RMC unit, located in Indore, has been installed with a capacity of 1.80 lakh cubic meters per annum. As of September 30, 2024, over 199 construction equipment and vehicles are being operated by the company.
The wind energy business was entered into by the company with the installation of a 1.25 MW wind power turbine in Jaisalmer, Rajasthan, which was commissioned in 2005.
Projects across Madhya Pradesh have been successfully executed by the company, and road construction projects are currently being executed in Maharashtra, Gujarat, Mizoram, Manipur, and Uttar Pradesh as part of the company’s expanded operations.
| KPI | Values |
|---|---|
| ROE | 18.91% |
| ROCE | 19.72% |
| Debt/Equity | 0.50 |
| RoNW | 18.91% |
| P/BV | |
| PAT Margin (%) | 3.72 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 25.15 | |
| P/E (x) | 5.37 |
The net proceeds of the issue are intended to be utilized by the company to meet the following objectives:
B.R.Goyal Infrastructure Limited 3-A, Agrawal Nagar, Indore 452001, Phone: +91-731 2403831 Email: cs@brginfra.in Website: http://www.brginfra.com/ |
Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: brgoyal.ipo@linkintime.co.in Website: https://linkintime.co.in/Initial_Offer/public-issues.html |
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