Goel Construction IPO Subscription Status
Goel Construction IPO subscribed over 2.58x on its first day till 5.00 PM on 2nd September 2025.
- Goel Construction IPO subscription QIB investors’ portion was 3.50 times, while NII subscribers subscribed 2.01 times, and RII investors subscribed 2.42 times.
- The company has received bids for 65,89,200 shares against 25,55,600 on offer for the first-day subscription.
- Goel Construction IPO subscribed over 2.58x on its day 1.
About Goel Construction Company
Goel Construction Company Limited (GCCL), founded in 1997, is one of the growing companies involved in construction and infrastructure projects. Goel Construction mainly specializes in civil and structural works, having experience in sectors like cement plants, dairies, hospitals, steel, power plants, pharmaceuticals, and institutional projects. Strong order book and long-standing relationship with customers are some of the strengths of the company.
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 Financial Report
The company reported revenue of ₹594.34 crores in 2025 against ₹388.79 crores in 2024. The company reported a profit of ₹38.32 crores in 2025 against a profit of ₹22.64 crores in 2024.
Goel Construction IPO GMP:
Goel Construction IPO GMP was ₹58 as of Tuesday, 2nd September 2025. That indicates the IPO is trading at ₹320 with a ₹58 premium in the grey market against the issue price of ₹262.
