B.R.Goyal Infrastructure Limited
IPO Details
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Lot Distribution
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Company Fin.
₹9(6.67%)
Premium (ELP)
The Initial Public Offering of B.R.Goyal Infrastructure Limited's culminated in its successful listing on Jan 14, 2025 at the BSE trading platform. The company secured 63,12,000 Shares through this capital market exercise, with 63,12,000 Shares allocated to new capital formation.
Investors participated within the price parameters of ₹128 to ₹135, with minimum investment requirements of 1000 shares. The subscription period from Jan 07, 2025 to Jan 09, 2025 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on Jan 10, 2025. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2005, B.R. Goyal Infrastructure Limited is a diversified infrastructure company specializing in construction, manufacturing, energy, and real estate. The company provides EPC services for roads, highways, bridges, buildings, and other civil projects, supported by an in-house design and engineering team. Its Ready Mix Concrete (RMC) unit in Indore has an annual capacity of 1.8 lakh cubic meters, ensuring sustainable production. In renewable energy, the company operates a 1.25 MW wind turbine in Jaisalmer, Rajasthan, which generated 14.7 lakh kWh in FY2024, contributing INR 49.38 lakhs in revenue. B.R. Goyal Infrastructure also manages Toll Collection Contracts across Madhya Pradesh, Maharashtra, Gujarat, and Uttar Pradesh, and has expanded into real estate with residential projects like BRG Hill View-II in Indore. With over 192 construction equipment and vehicles, the company has executed projects across multiple states, including Madhya Pradesh, Maharashtra, Gujarat, Mizoram, Manipur, and Uttar Pradesh.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Established Expertise: Known for construction of roads, highways, and civil infrastructure with a proven track record across multiple states.
- Efficient Operations: In-house design, engineering, and RMC production enable cost-efficient and sustainable operations.
- Strong Growth Pipeline: Maintains a healthy order book with projects expanding across Maharashtra, Gujarat, Mizoram, Manipur, and Uttar Pradesh.
- Challenges with Competitive Bidding: Relying on competitive bidding to win projects can be risky. If contracts aren’t secured, it may affect the company’s income and day-to-day operations.
- Dependence on EPC Revenue: The business depends heavily on its EPC segment, which means any changes in winning contracts or completing projects could make it vulnerable.
- Reliance on Key Clients: Depending on a few major clients creates a risk. Losing one of them could lead to reduced revenue and operational difficulties.
- Mr. Brij Kishore Goyal
- Mr. Balkrishna Goyal
- Mr. Gopal Goyal
- Mr. Rajendra Kumar Goyal
- Mr. Yash Goyal
- Mr. Uppal Goyal
- M/S. B.R. Goyal Holdings Private Limited
B.R.Goyal Infrastructure Limited
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