Goel Construction IPO Subscription Status
Goel Construction IPO subscribed over 11.50x on its second day till 5.00 PM on 3 September 2025.
- Goel Construction IPO subscription QIB investors’ portion was 6.49 times, while NII subscribers subscribed 19.25 times, and RII investors subscribed 11.68 times.
- The company has received bids for 2,94,00,800 shares against 25,55,600 on offer for the second-day subscription.
- Goel Construction IPO subscribed over 11.50x on its day 2.
- 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 ₹55 as of Wednesday, 3 September 2025. That indicates the IPO is trading at ₹317 with a ₹55 premium in the grey market against the issue price of ₹262.
