The B R Goyal Infrastructure IPO, a book-built issue worth ₹85.21 crores, consists entirely of a fresh issue of 63.12 lakh shares. B R Goyal Infrastructure IPO is set to open for subscription on January 7, 2025, and will close on January 9, 2025. The allotment is expected to be finalized on January 10, 2025, with the IPO listing on the BSE SME platform on January 14, 2025. The price band for the IPO is set at ₹128 to ₹135 per share, with a minimum lot size of 1,000 shares.
Retail investors must invest a minimum of ₹1,35,000, while High Net-worth Individuals (HNIs) need to invest at least ₹2,70,000 for 2 lots. Beeline Capital Advisors Pvt Ltd is the book-running lead manager for the issue, with Link Intime India Private Ltd as the registrar and Spread X Securities Private Limited serving as the market maker. With its attractive price band and strategic listing, the B R Goyal IPO presents a promising opportunity for investors, supported by strong fundamentals and a robust listing platform. For detailed information, please refer to the B R Goyal Infrastructure IPO Red Herring Prospectus (RHP).
B R Goyal Infrastructure IPO Details
| IPO Date | January 7, 2025 to January 9, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹128 to ₹135 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 63,12,000 shares (aggregating up to ₹85.21 Cr) |
| Fresh Issue | 63,12,000 shares (aggregating up to ₹ 85.21 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,75,12,704 shares |
| Share Holding Post Issue | 2,38,24,704 shares |
| Market Maker Portion | 3,16,000 shares |
B R Goyal Infrastructure IPO Timeline
B R Goyal Infrastructure IPO opens on January 7, 2025, and closes on January 9, 2025.
| IPO Open Date | Tuesday, January 7, 2025 |
| IPO Close Date | Thursday, January 9, 2025 |
| Basis of Allotment | Friday, January 10, 2025 |
| Initiation of Refunds | Monday, January 13, 2025 |
| Credit of Shares to Demat | Monday, January 13, 2025 |
| Listing Date | Tuesday, January 14, 2025 |
B R Goyal Infrastructure IPO Lot Size
Here’s a breakdown of the minimum and maximum investment details for retail investors and High Net-worth Individuals (HNIs) in the B R Goyal Infrastructure IPO:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,35,000 |
| Retail (Max) | 1 | 1000 | ₹1,35,000 |
| HNI (Min) | 2 | 2,000 | ₹2,70,000 |
B R Goyal Infrastructure IPO
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
About B R Goyal Infrastructure Limited
Incorporated in 2005, B R Goyal Infrastructure Limited is a key player in the construction and infrastructure development sector. The company specializes in the construction of roads, highways, bridges, and buildings, offering end-to-end solutions through its integrated Engineering, Procurement, and Construction (EPC) model. Supported by a strong design and engineering team and an advanced Ready Mix Concrete (RMC) unit located in Indore with a capacity of 1.80 lakh cubic meters per annum, the company has established itself as a reliable and efficient infrastructure developer.
As of September 30, 2024, B.R. Goyal operates with over 199 construction equipment and vehicles and has expanded its expertise into renewable energy by installing a 1.25 MW wind power turbine in Jaisalmer, Rajasthan. This windmill, commissioned in 2005, has generated significant energy revenue over the years.
The company has executed numerous successful projects in Madhya Pradesh and has extended its operations to states like Maharashtra, Gujarat, Mizoram, Manipur, and Uttar Pradesh. Its diverse business operations are categorized into five main segments:
- EPC Services: Specializing in roads, highways, and civil construction projects.
- Ready Mix Concrete (RMC) Manufacturing: Producing high-quality RMC through environmentally controlled processes.
- Wind Power Generation: Operating a windmill in Jaisalmer, generating consistent energy revenue.
- Toll Collection Contracts (TCC): Managing toll operations across multiple states.
- Residential Plotting Projects: Recently launched projects, including BRG Hill View-II and its extension in Indore, further diversifying its portfolio.
With 402 permanent employees and an additional 212 employees in toll collection contracts, the company boasts a strong workforce and advanced project management capabilities.
Competitive Strengths
- Proven expertise in road and highway construction.
- Efficient and integrated business model.
- A robust order book reflecting a growing project portfolio.
- Technology-driven project management.
- Ownership of cutting-edge equipment and assets.
- Experienced management and a skilled workforce.
B R Goyal Infrastructure Limited stands out for its commitment to quality, innovation, and sustainable development, making it a competitive force in the infrastructure and construction industry.
FAQs – B R Goyal Infrastructure IPO
What is the B R Goyal Infrastructure IPO?
The B R Goyal Infrastructure IPO is a book-built issue worth ₹85.21 crores, consisting of a fresh issue of 63.12 lakh shares. It provides an opportunity for investors to buy shares in B R Goyal Infrastructure Limited, a leading construction and infrastructure development company.
When does the B R Goyal Infrastructure IPO open and close?
The B R Goyal Infrastructure IPO opens for subscription on January 7, 2025, and closes on January 9, 2025.
What is the price band for the B R Goyal Infrastructure IPO?
The price band for the IPO is set at ₹128 to ₹135 per share.
What is the minimum lot size for the B R Goyal Infrastructure IPO?
The minimum lot size for the B R Goyal Infrastructure IPO is 1,000 shares, with retail investors needing to invest a minimum of ₹1,35,000.
What is the minimum investment required for retail investors?
Retail investors are required to make a minimum investment of ₹1,35,000, which corresponds to the purchase of 1,000 shares at the price band of ₹128 to ₹135 per share.
What is the minimum investment required for HNIs (High Net-worth Individuals)?
HNIs must invest a minimum of ₹2,70,000, which corresponds to the purchase of 2,000 shares (2 lots).
How do I apply for the B R Goyal Infrastructure IPO?
You can apply for the B R Goyal Infrastructure IPO through your broker or RBI-authorized banks offering IPO application services. Alternatively, you can apply online using various IPO platforms provided by stock exchanges or through your trading account.
What is the allotment date for the B R Goyal Infrastructure IPO?
The allotment for the B R Goyal Infrastructure IPO is expected to be finalized on January 10, 2025.
When will the B R Goyal Infrastructure IPO list on the stock exchange?
The IPO is expected to list on the BSE SME platform on January 14, 2025.
Who is the lead manager and registrar for the B R Goyal Infrastructure IPO?
The lead manager for the IPO is Beeline Capital Advisors Pvt Ltd, while the registrar is Link Intime India Private Ltd.
