Indore-based BR Goyal Infrastructure’s IPO, open for bidding from January 7 to January 9, 2025, saw significant interest across all investor categories. The company offered shares in a fixed price band of Rs 128–135, with a lot size of 1,000 shares, raising a total of Rs 85.21 crore through the sale of 63.12 lakh equity shares.
The IPO received an overwhelming response, with an overall subscription rate of 118.08 times, reflecting strong investor confidence in the company’s growth potential.
Key IPO Allotment and Listing Details
- Basis of Allotment Finalization: January 10, 2025
- Refund Initiation: By January 13, 2025
- Listing Date: January 14, 2025, on the BSE SME platform
Investors will receive alerts via SMS, email, or other notifications regarding the debit of funds or revocation of IPO mandates.
Subscription Overview
The IPO attracted bids worth over Rs 6,700 crore, with more than 2.18 lakh applications. Here’s a detailed subscription breakdown:
Investor Category | Subscription Rate |
---|---|
Qualified Institutional Bidders (QIBs) | 69.88 times |
Non-Institutional Investors (NIIs) | 256.9 times |
Retail Investors | 88.27 times |
Overall Subscription | 118.08 times |
Grey Market Premium (GMP) Trends
The GMP for BR Goyal Infrastructure has been fluctuating due to market volatility.
- Last Recorded GMP: Rs 45, suggesting potential listing gains of over 33%.
- Previous GMP: Rs 60 (a day before).
Despite the correction, the consistent demand highlights investor optimism.
About BR Goyal Infrastructure
Incorporated in 2005, BR Goyal Infrastructure specializes in constructing infrastructure projects, including roads, highways, bridges, and buildings.
Key Business Highlights:
- Integrated EPC Operations: The company operates a fully integrated Engineering, Procurement, and Construction (EPC) business.
- Advanced Capabilities: Supported by a skilled design and engineering team.
- RMC Unit: Operates a robust Ready-Mix Concrete (RMC) unit, ensuring project efficiency and quality.
The company’s extensive experience and strategic focus on infrastructure development have positioned it as a key player in India’s growing infrastructure sector.
Steps to Check Allotment Status
On the BSE Website
- Visit BSE Allotment Portal.
- Select Equity under issue type.
- Choose BR Goyal Infrastructure Limited from the dropdown menu.
- Enter your application number and PAN ID.
- Verify using the captcha and click Search.
On Link Intime Portal
- Visit Link Intime India.
- Select the IPO name (visible post allotment finalization).
- Choose an option: Application number, Demat Account number, or PAN ID.
- Enter the relevant details and solve the captcha.
- Click Submit to view your allotment status.
Registrar’s Role in the Allotment Process
The registrar for the IPO, Link Intime India, ensures a smooth process for investors.
Responsibilities:
- Processing applications electronically.
- Finalizing the allotment process.
- Dispatching refunds and ensuring credit of shares to successful applicants.
- Managing investor queries post-allotment.
Why BR Goyal Infrastructure’s IPO Stands Out
- Infrastructure Sector Potential: As India expands its infrastructure projects, companies like BR Goyal Infrastructure are positioned to benefit significantly.
- Robust Market Demand: The high subscription rates and GMP reflect investor confidence.
- Strong Business Model: With a well-integrated EPC operation and focus on quality, the company showcases strong fundamentals.
Key Data: IPO Summary
Details | Figures |
---|---|
Price Band | Rs 128–135 per share |
Lot Size | 1,000 shares |
Funds Raised | Rs 85.21 crore |
Total Shares Offered | 63.12 lakh equity shares |
Overall Subscription Rate | 118.08 times |
FAQs
What is BR Goyal Infrastructure’s primary business?
The company focuses on constructing roads, highways, bridges, and buildings, with an integrated EPC model supported by a dedicated RMC unit.
When will the IPO allotment be finalized?
The basis of allotment will be finalized on January 10, 2025.
Where will the shares be listed?
The shares will be listed on the BSE SME platform on January 14, 2025.
What is the grey market premium for this IPO?
As of the latest data, the GMP is Rs 45, indicating potential listing gains of over 33%.
How can I check my IPO allotment status?
You can check your allotment status on the BSE or Link Intime portals by entering your application and PAN details.
Who is the IPO registrar?
Link Intime India is the registrar, responsible for processing applications and managing allotments.
Why did the GMP decline from Rs 60 to Rs 45?
The GMP decline reflects market volatility, though demand for the IPO remains robust.
What makes this IPO attractive to investors?
The company’s established presence in the infrastructure sector, combined with its efficient EPC model and strong subscription rates, makes it a compelling investment.
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