BR Goyal Infrastructure, a well-known name in infrastructure development, is all set to launch its initial public offering (IPO). This exciting opportunity opens for bidding on Tuesday, January 7, 2025, offering investors a chance to participate in the company’s journey. Here’s everything you need to know about the IPO, the company’s business operations, and its growth potential.
Key IPO Details
| Detail | Information |
|---|---|
| IPO Opening Date | January 7, 2025 |
| IPO Closing Date | January 9, 2025 |
| Price Band | Rs 128-135 per share |
| Lot Size | Minimum 1,000 shares and multiples thereafter |
| Total Issue Size | Rs 85.21 crore |
| Type of Issue | 100% fresh equity sale of 63,12,000 shares |
| Listing Date | January 14, 2025 |
| Stock Exchange | BSE SME Platform |
About BR Goyal Infrastructure
Incorporated in 2005, BR Goyal Infrastructure is headquartered in Indore, Madhya Pradesh. The company is engaged in developing infrastructure projects, including roads, highways, bridges, and buildings. Over the years, BR Goyal has built a reputation for its expertise in Engineering, Procurement, and Construction (EPC) projects and its integrated approach, supported by an experienced design and engineering team and an in-house Ready-Mix Concrete (RMC) unit.
Milestones and Operations:
- Wind Energy Venture: In 2005, the company installed a 1.25 MW wind power turbine in Jaisalmer, Rajasthan, marking its entry into renewable energy.
- RMC Unit: Located in Indore, the unit boasts an annual capacity of 1.80 lakh cubic meters of concrete.
- Equipment and Fleet: As of September 30, 2024, BR Goyal operates with over 199 construction vehicles and equipment.
Financial Performance
| Financial Metric | 4 Months (Ended July 2024) | FY 2023-24 |
| Revenue | Rs 156.86 crore | Rs 596.19 crore |
| Net Profit | Rs 1.95 crore | Rs 21.89 crore |
| Market Capitalization | – | Rs 321.63 crore |
Allocation and Investment Options
| Investor Type | Allocation Percentage | Minimum Investment |
| Qualified Institutional Buyers (QIBs) | 50% | – |
| Non-Institutional Investors (NIIs) | 15% | Rs 2,70,000 (2 lots) |
| Retail Investors | 35% | Rs 1,35,000 (1 lot) |
Retail investors can apply for a single lot of 1,000 equity shares costing Rs 1,35,000, while non-retail investors must apply for at least 2 lots costing Rs 2,70,000.
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Broker and Market Insights
- Lead Manager: Beeline Capital Advisors
- Registrar: Link Intime India
- Market Maker: Spread X Securities
- Grey Market Premium (GMP): Rs 21 per share, suggesting a 16% potential listing gain for investors.
BR Goyal Infrastructure’s robust growth and diversification into renewable energy and RMC production make it a compelling IPO to watch. The grey market premium and strategic allocation to retail and institutional investors further enhance its appeal. However, potential investors should perform thorough research and consult with financial advisors before investing.
Disclaimer
This article is for informational purposes only and does not constitute financial or investment advice. Always consult with a financial advisor before making investment decisions.
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