B.R.Goyal IPO

B.R.Goyal IPO

  • IPO Date07 Jan, 2025 to 09 Jan, 2025
  • Listing Date14 Jan, 2025
  • Face Value₹10 per share
  • Issue Price₹128 to ₹135 per share
  • Lot Size1000 Shares
  • Minimum Investment₹1,35,000
  • Listing AtBSE SME
  • Total Issue Size63,12,000 Shares
    (aggregating up to ₹85.21 Cr)
  • Fresh Issue63,12,000 Shares
    (aggregating up to ₹85.21 Cr)
  • Offer for Sale-
  • Issue TypeBook Built Issue IPO
  • Share holding pre issue1,75,12,704
  • Shareholding post issue2,38,24,704
IPO Dates

Closing Date

09 Jan, 2025

Initiation of Refunds

13 Jan, 2025

Listing Date

14 Jan, 2025

07 Jan, 2025

Opening Date

10 Jan, 2025

Basis of Allotment

13 Jan, 2025

Credit of Shares

UPI Mandate Expiry Date:09 Jan, 2025

B.R.Goyal Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
S-HNI (Min)22000₹2,70,000
Retail (Min)11000₹1,35,000
B-HNI (Min)---
Retail (Max)11000₹1,35,000
S-HNI (Max)---

B.R.Goyal Promoter Holding

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 are the promoters of the company.

Pre Issue Share HoldingPost Issue Share Holding
99.31%73%

B.R.Goyal COMPANY INFORMATION

B.R.Goyal IPO is a book built issue of Rs 85.21 crores. The issue is entirely a fresh issue of 63.12 lakh shares. B.R.Goyal IPO opens for subscription on January 7, 2025 and closes on January 9, 2025. The allotment for the B.R.Goyal IPO is expected to be finalized on Friday, January 10, 2025. B.R.Goyal IPO will list on BSE SME with tentative listing date fixed as Tuesday, January 14, 2025. B.R.Goyal IPO price band is set at ₹128 to ₹135 per share. The minimum lot size for an application is 1000. The minimum amount of investment required by retail investors is ₹1,35,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹2,70,000. Beeline Capital Advisors Pvt Ltd is the book running lead manager of the B.R.Goyal IPO, while Link Intime India Private Ltd is the registrar for the issue.The market maker for B.R.Goyal IPO is Spread X Securities Private Limited.

Incorporated in 2005, B.R.Goyal Infrastructure 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 Construction
  • Ready 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 developer
  • Efficient business model
  • Strong Order Book with growing project portfolio.
  • Technology enabled project management capabilities
  • Project management
  • Equipment ownership
  • Strong Workforce
  • Experienced management team

FAQs About B.R.Goyal Ipo

B.R.Goyal IPO will open on 07 Jan, 2025 and close on 09 Jan, 2025. Investors must apply within this period to participate.

The B.R.Goyal IPO price band is set between ₹128.00 and ₹135.00 per share. The minimum lot size is 1000, requiring an investment of at least ₹135000.00.

The B.R.Goyal IPO shares are expected to be listed on 14 Jan, 2025, subject to regulatory approvals and final allotment.

You can track your B.R.Goyal IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID

The B.R.Goyal IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.