B.R. Goyal IPO subscribed overall 740.37 times on the last day, a retail quota was subscribed over 715.05 times, NII was subscribed over 1,485.52 times and QIB was 69.88 respectively.
Details About B.R.Goyal IPO
B.R. Goyal got approval from SEBI for an IPO of around ₹85.21 crores, an entirely fresh issue of ₹85.21 crores with a face value of Rs 10 each. Further, it had a set price band between ₹128 to ₹135 per share.
In this IPO 1,000 shares were in 1 lot size for retail minimum and maximum category. Moreover, 2000 shares were in 2 lot sizes for the S-HNI category.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,35,000.
- SHNI (S-HNI): Minimum investment of ₹2,70,000.
B.R.Goyal IPO’s Subscription Duration
B.R.Goyal IPO was started on January 7, 2025, and closed on January 9, 2025. The B.R.Goyal IPO’s allotment date was January 10, 2025, and they received a refund on January 13, 2025. The listing of this IPO is on January 14, 2025.
Funds Deployment of This IPO
- Funding the company’s capital expenditure needs;
- Meeting the company’s working capital requirements;
- Financing expenditures for growth through acquisitions, strategic initiatives, and other general corporate purposes.
About B.R.Goyal Company
BR Goyal Infrastructure Limited Founded on August 4, 1986, is one of the leading companies specializing in the construction and development of infrastructure projects like roads, highways, bridges, and buildings. Madhya Pradesh, Maharashtra, Gujarat, Punjab, Haryana, Uttar Pradesh, Mizoram, and Manipur are some of the states they operate their business.BR Goyal Infrastructure offers EPC services to third parties, including the construction of roads and highways, commercial complexes, industrial parks, housing projects, and HAM projects. The company is also engaged in wind power generation, manufacturing Ready-Mix Concrete (RMC), and handling Toll Collection Contracts (TCC). In the Fiscal year that ended on March 31, 2024, the company generated Rs. 58,875.91 lakh in revenue from operations respectively.
Financial Resort of the B.R.Goyal Company
The company reported revenue of ₹596.19 crores in 2024 against ₹353.30 crores in 2023. The company reported a profit of ₹21.89 crores in 2024 against a Profit of ₹17.34 crores in 2023.