B.R. Goyal IPO jan 7th : IPO GMP Today Everything You Need to Know
An In-Depth Analysis with All Critical Inferences
With a book built issue valued at ₹85.21 crores, the longawaited B.R. Goyal IPO holds lots of investment possibilities for the construction and infrastructure industries.
This is an all fresh issue by the company consisting of 63.12 lakh equity shares, issued for subscription commencing from 7th Jan 2025 and closing 9th Jan 2025 and listing on BSE SME platform on January 14th, 2025, wherein the allotments are final on 10th Jan 2025. Thus, the growth plans are being ambitious with an excellent business model and good interest will likely be drawn at the retail level as well at the institutional end.
IPO Pricing and Investment Details
The price band for the B.R. Goyal IPO has been set at ₹128 and ₹135 per share. The minimum lot size that can be applied for by retail investors is 1000 shares, meaning a minimum investment of ₹1,35,000. High Net-worth Individuals (HNIs) have to bid for at least two lots, amounting to ₹2,70,000. Such entry levels would appeal to committed investors who would value the long-term prospects of the company.
IPO Investment Table
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,35,000 |
| Retail (Max) | 1 | 1,000 | ₹1,35,000 |
| HNI (Min) | 2 | 2,000 | ₹2,70,000 |
IPO Schedule and Important Dates
The B.R. Goyal IPO is planned with appropriate timelines that ensure hassle-free subscription. It opens from January 7, 2025 till January 9, 2025. Allotment is slated on January 10, 2025, whereas refunds and credits in the demat account are intended on January 13, 2025. The listing is going to happen on January 14, 2025.
| Event | Date |
|---|---|
| IPO Open Date | January 7, 2025 |
| IPO Close Date | January 9, 2025 |
| Basis of Allotment | January 10, 2025 |
| Initiation of Refunds | January 13, 2025 |
| Credit of Shares to Demat | January 13, 2025 |
| Listing Date | January 14, 2025 |
Financials Table
| Period Ended | Assets (₹ Lakhs) | Revenue (₹ Lakhs) | Profit After Tax (₹ Lakhs) | Net Worth (₹ Lakhs) | Reserves (₹ Lakhs) |
|---|---|---|---|---|---|
| 31 Jul 2024 | 26,999.85 | 15,686.45 | 194.46 | 12,863.48 | 11,124.2 |
| 31 Mar 2024 | 23,948.52 | 59,619.2 | 2,188.91 | 12,666.79 | 11,797.15 |
| 31 Mar 2023 | 19,725.84 | 35,329.74 | 1,733.51 | 10,479.04 | 9,609.4 |
| 31 Mar 2022 | 20,338.54 | 22,863.32 | 756.09 | 8,746.91 | 7,877.27 |
Business Details and Competitive Advantage
B.R. Goyal Infrastructure Limited is an infrastructure company incorporated in the year 2005. The company focuses on road, highway, bridge, and building construction. It has an integrated EPC and construction business with a dedicated design and engineering team and a Ready-Mix Concrete (RMC) unit located in Indore with a capacity of 1.80 lakh cubic meters per annum. As of September 30, 2024, the company has more than 199 construction vehicles and equipment.
Apart from the above, it has also entered the wind energy area with a 1.25 MW wind turbine in Jaisalmer, commissioned in 2005. B.R. Goyal is now executing infrastructure projects across Maharashtra, Gujarat, Mizoram, Manipur, and Uttar Pradesh after entering Madhya Pradesh.
Financial Overview
B.R. Goyal Infrastructure Limited had been showing strong performance in the sector through its financials. The total assets of the company at July 31, 2024 were noted at ₹26,999.85 lakhs along with revenue worth ₹15,686.45 lakhs; the profit after tax was noted at ₹194.46 lakhs. In the above respect, it may be said that the company was showing good performance about its net worth and reserves consistently.
Reservations Details
Shares are properly offered to various categories of investors in the IPO with fair distribution. The Qualified Institutional Buyers are allocated not more than 50% of the net issue, whereas retail investors are provided with not less than 35%. The Non-Institutional Investors (NII) or HNIs are allocated not less than 15%.
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Peer Comparison Table
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