B.R.Goyal Infrastructure Limited IPO (B.R.Goyal IPO) Detail
B.R.Goyal IPO is a book built issue of Rs 85.21 crores. The issue is entirely a fresh issue of 63.12 lakh shares.
B.R.Goyal IPO bidding started from January 7, 2025 and ended on January 9, 2025. The allotment for B.R.Goyal IPO was finalized on Friday, January 10, 2025. The shares got listed on BSE SME on January 14, 2025.
B.R.Goyal IPO price band is set at ₹135 per share. The minimum lot size for an application is 1000. The minimum amount of investment required by retail investors is ₹1,28,000. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,35,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹2,70,000.
Beeline Capital Advisors Pvt Ltd is the book-running lead manager of the B.R.Goyal IPO, while Link Intime India Private Ltd is the registrar for the issue.The market maker for B.R.Goyal IPO is Spread X Securities Private Limited.
Refer to B.R.Goyal IPO RHP for detailed information.
B.r.goyal Infrastructure Ltd Stock Quote & Charts
- Open: ₹116.00
- High – Low: ₹119.00 – ₹114.05
- Previous Close: ₹115.05
- Total Traded Value: 12,000.00
- 52 Weeks High: ₹98.55 (Jan 14, 2025)
- 52 Weeks Low: ₹135.00 (Feb 12, 2025)
- Updated On: Jan 14, 2025 4:00 PM
B.R.Goyal IPO Details
| IPO Date | January 7, 2025 to January 9, 2025 |
| Listing Date | January 14, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹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 Spread X Securities Private Limited |
B.R.Goyal IPO Reservation
B.R.Goyal IPO offers 63,12,000 shares. 11,92,000 (18.88%) to QIB, 8,94,000 (14.16%) to NII, 20,86,000 (33.05%) to RII, 38,000 (0.6%) to employees and 17,86,000 (28.3%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 17,86,000 (28.3%) |
| Market Maker Shares Offered | 3,16,000 (5.01%) |
| QIB Shares Offered | 11,92,000 (18.88%) |
| NII (HNI) Shares Offered | 8,94,000 (14.16%) |
| Retail Shares Offered | 20,86,000 (33.05%) |
| Employee Shares Offered | 38,000 (0.6%) |
| Total Shares Offered | 63,12,000 (100%) |
B.R.Goyal IPO Anchor Investors Details
B.R.Goyal IPO raises Rs 24.11 crore from anchor investors. B.R.Goyal IPO Anchor bid date is January 6, 2025. B.R.Goyal IPO Anchor Investors list
| Bid Date | January 6, 2025 |
| Shares Offered | 17,86,000 |
| Anchor Portion Size (In Cr.) | 24.11 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 8, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 9, 2025 |
B.R.Goyal IPO Timeline (Tentative Schedule)
B.R.Goyal IPO opens on January 7, 2025, and closes on January 9, 2025.
| IPO Open Date | Tue, Jan 7, 2025 |
| IPO Close Date | Thu, Jan 9, 2025 |
| Tentative Allotment | Fri, Jan 10, 2025 |
| Initiation of Refunds | Mon, Jan 13, 2025 |
| Credit of Shares to Demat | Mon, Jan 13, 2025 |
| Tentative Listing Date | Tue, Jan 14, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 9, 2025 |
B.R.Goyal IPO Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 |
| Lot Size Calculator | |||
B.R.Goyal IPO Promoter Holding
| Share Holding Pre Issue | 99.31% |
| Share Holding Post Issue | 73% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
About B.R.Goyal Infrastructure Limited
Incorporated in 2005, B.R.Goyal Infrastructure Limited is engaged in the business of construction of infrastructure projects such as roads, highways, bridges and buildings.
The company has established an integrated EPC and construction business, supported by a design and engineering team and RMC unit. The RMC unit, located in Indore, has an installed capacity of 1.80 Lakh cubic meters per annum. As of September
30, 2024, the company operates with over 199 construction equipment and vehicles.
The company entered the wind energy business by installing a 1.25 MW wind power turbine in Jaisalmer, Rajasthan, commissioned in 2005.
The company has successfully executed projects across Madhya Pradesh and is currently executing road construction projects in Maharashtra, Gujarat, Mizoram, Manipur, and Uttar Pradesh after expanding operations.
Business is divided into 5 categories:
- Engineering Procurement Construction (EPC) services: Roads and Highways,Building and other Civil Construction
- Ready Mix Concrete (RMC) manufacturing: Ready Mixed Concrete (RMC) is produced using computer-controlled operations, ensuring minimal environmental impact in sensitive areas.
- Wind power generation: The company owns a 1.25 MW windmill in Jaisalmer, generating revenue and units as follows: July 2024 (13.35 INR, 3.97 Lakh KWh), March 2024 (49.38 INR, 14.70 Lakh KWh), March 2023 (33.57 INR, 10.64 Lakh KWh), March 2022 (45.49 INR, 13.85 Lakh KWh).
- Toll Collection Contract (TCC): TCC projects are spread across Madhya Pradesh, Maharashtra, Gujarat, Punjab, Haryana, Uttar Pradesh, Mizoram and Manipur.
- Residential Plotting Projects: The company recently launched 2 residential plotting projects named as BRG Hill View – II and BRG Hill View II Extension at Village Sanawadiya, Indore.
As on September 30, 2024, the company had 402 permanent employees and 212 employees at our TCCs.
Competitive Strengths:
- Established roads and highways sector focused construction developer
- Efficient business model
- Strong Order Book with growing project portfolio.
- Technology enabled project management capabilities
- Project management
- Equipment ownership
- Strong Workforce
- Experienced management team
Company Financials
B.R.Goyal Infrastructure Limited Financial Information (Restated Consolidated)
| Period Ended | 31 Jul 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 26,999.85 | 23,948.52 | 19,725.84 | 20,338.54 |
| Revenue | 15,686.45 | 59,619.2 | 35,329.74 | 22,863.32 |
| Profit After Tax | 194.46 | 2,188.91 | 1,733.51 | 756.09 |
| Net Worth | 12,863.48 | 12,666.79 | 10,479.04 | 8,746.91 |
| Reserves and Surplus | 11,124.2 | 11,797.15 | 9,609.4 | 7,877.27 |
| Total Borrowing | 6,411.09 | 4,947.28 | 4,163.54 | 5,340.28 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator (KPI)
The market capitalization of B.R.Goyal IPO is Rs 321.63 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 18.91% |
| ROCE | 19.72% |
| Debt/Equity | 0.50 |
| RoNW | 18.91% |
| PAT Margin | 3.72 |
| Price to Book Value | 0.93 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 12.50 | 2.45 |
| P/E (x) | 10.8 | 55.13 |
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of July 31, 2024 that is available in RHP.
The debt-to-equity ratio for July 31, 2024, is provided as the ratio for March 31, 2024, was not disclosed.
Objects of the Issue (B.R.Goyal IPO Objectives)
The Company intend to utilize the net proceeds of the Issue to meet the following objects:
- Funding capital expenditure requirement of the company
- Funding Working Capital Requirement of the Company
- Funding expenditure for inorganic growth through acquisitions & other strategic initiatives and General Corporate Purposes
B.R.Goyal IPO Review (Apply)
[Dilip Davda] The company is EPC contractor for infra projects like highways, bridges, building and other construction related works. Currently it has ongoing contracts in seven states, and is expanding in to other states with recent bidding’s. The company posted steady growth in its top and bottom lines from FY22 to FY24. Based on its recent financial performance the issue appears fully priced. As of September 30, 2024, it had order book worth Rs. 873.40 cr. Investors may park funds from medium to long term. Read detail review…
B.R.Goyal IPO Subscription Status (Bidding Detail)
The B.R.Goyal IPO is subscribed 118.08 times on January 9, 2025 6:54:07 PM (Day 3). The public issue subscribed 88.27 times in the retail category, 69.88 times in the QIB category, and 256.9 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 69.88 | 11,92,000 | 8,32,98,000 | 62 |
| NII* | 256.9 | 8,94,000 | 22,96,65,000 | 14,993 |
| Retail | 88.27 | 20,86,000 | 18,41,28,000 | 1,84,149 |
| Employee | 1.11 | 38,000 | 42,000 | 0 |
| Total | 118.08 | 42,10,000 | 49,71,33,000 | 2,18,744 |
Total Application : 2,18,744
*Market Maker portion is not included to NII/HNI.
B.R.Goyal IPO Prospectus
B.R.Goyal IPO Listing Details
| Listing Date | January 14, 2025 |
| BSE Script Code | 544335 |
| NSE Symbol | |
| ISIN | INE00ST01011 |
| Final Issue Price | ₹135 per share |
Listing Day Trading Information
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹135.00 |
| Open | ₹135.75 |
| Low | ₹135.00 |
| High | ₹142.50 |
| Last Trade | ₹142.50 |
Check IPO Performance…
B.R.Goyal Infrastructure Limited Contact Details
B.R.Goyal Infrastructure Limited
3-A
Agrawal Nagar,
Indore 452001,
Phone: +91-731 2403831
Email: cs@brginfra.in
Website: http://www.brginfra.com/
B.R.Goyal IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: brgoyal.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
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