The Goel Construction IPO was subscribed overall 124.34 times on the last day, while the retail quota was subscribed 88.61 times, the QIB quota was subscribed 124.20 times, and the NII quota was subscribed 224.80 times, respectively.
Goel Construction IPO Details
Goel Construction has received approval from SEBI for its IPO of ₹99.77 crores, comprising a fresh issue of ₹80.81 crores and offer for sale up to 7,23,600 equity shares with a face value of ₹10 each. It has a set price band of ₹250 to ₹262 per share.
Goel Construction Funds Utilisations
A portion of IPO money will be utilised towards the purchase of additional equipment and fleets, and repayment/prepayment of certain outstanding borrowings availed by the company.
The IPO money will be used for the general corporate purposes.
Goel Construction Shares Distributions
Moreover, the retail category had 800 shares in a 2-lot size with a minimum application and a maximum category.
S-HNI got 1200 shares in 3 lot sizes for the minimum category, and for the S-HNI Maximum, 3,600 shares, 9 lot sizes. B-HNI Minimum category received 4,000 shares in 10 lot sizes. Employee minimum has 800 shares in 2 lot sizes, and employee maximum has 1600 shares in 4 lot sizes.
To participate in this IPO, each investor group has a tailored investment range
- Retail Minimum Application:- ₹2,10,400.
- Retail Maximum Application:-₹2,10,400.
- S-Hni (Minimum)Application:- ₹3,15,600.
- S-HNI Maximum Application: ₹9,46,800.
- B-HNI Minimum application: ₹10,52,000.
- Employee Minimum: ₹2,10,400.
- Employee Maximum: ₹4,20,800.
Goel Construction IPO Subscription Duration
Started on September 2, 2025, and closed on September 4, 2025. The allotment was on September 5, 2025, and non-allottees got a refund on September 8, 2025. Goel Construction IPO listing is today, September 9, 2025.
About the Goel Construction IPO
Goel Construction Company Limited (GCCL), started in 1997, is a growing company in the construction and infrastructure sector. It mainly works on civil and structural projects and has experience building cement plants, dairies, hospitals, steel and power plants, pharmaceutical units, and institutional buildings.
So far, the company has completed 18 projects worth ₹1,03,320.40 lakhs in various locations, including Rajasthan, Madhya Pradesh, Maharashtra, Haryana, Punjab, Uttar Pradesh, Jharkhand, Odisha, and Karnataka.
As of February 28, 2025, the company is working on 14 ongoing projects across 7 states. The company includes 1168 permanent employees as of February 28, 2025.
Goel Construction IPO Financial Background
In 2025, the company earned ₹594.34 crores in revenue, which was higher than ₹388.79 crores in 2024. Its profit also increased to ₹38.32 crores in 2025 from ₹22.64 crores in 2024.
