BR Goyal Infrastructure Limited has received in-principle approval from the Bombay Stock Exchange (BSE) for its SME IPO.
Known for its diverse operations in civil construction, ready-mix concrete (RMC) production, wind energy, toll management, and residential development, the company is a major player in the Indian infrastructure sector.
IPO Details
| Aspect | Details |
|---|---|
| IPO Size | Fresh issue of 64,32,000 equity shares |
| Face Value | ₹10 per share |
| Lead Manager | Beeline Capital Advisors Pvt. Ltd. |
| Registrar | Link Intime India Pvt. Ltd. |
| Proposed Use of Funds | Capital expenditure, working capital, strategic growth initiatives |
About BR Goyal Infrastructure
BR Goyal operates across several verticals, including:
- Civil Construction: Specializing in road, highway, and housing projects.
- Ready-Mix Concrete (RMC): Operates a state-of-the-art plant in Indore.
- Wind Energy: Runs a 1.25 MW wind turbine in Jaisalmer under a 20-year Power Purchase Agreement.
- Toll Management: Provides operational and maintenance services for toll plazas.
- Residential Development: Engages in large-scale residential plotting projects.
Financial Highlights
| Metric | FY22 | FY24 |
|---|---|---|
| Revenue | ₹22,488.26 lakh | ₹58,875.91 lakh |
| EBITDA | ₹1,100.76 lakh | ₹3,245.58 lakh |
| Profit After Tax (PAT) | ₹756.09 lakh | ₹2,188.91 lakh |
The company’s revenue more than doubled between FY22 and FY24, with PAT also showcasing robust growth.
Strengths of BR Goyal Infrastructure
- Diversified Operations: The company’s involvement in multiple sectors minimizes risk and ensures steady revenue streams.
- Sustainability Initiatives: Investments in wind energy align with global renewable energy goals.
- Strong Clientele: Consistent contracts with government bodies and private entities highlight operational credibility.
- Impressive Financial Growth: Rapid revenue and profit growth underline the company’s potential for scalability.
Expert Recommendations
The IPO appears promising for investors looking for exposure to the infrastructure sector. Analysts suggest the company’s diversified operations and robust financials make it an attractive long-term investment opportunity.
Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Investors are advised to consult financial experts before making decisions.
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