B.R.Goyal Infrastructure was incorporated on September 29, 2021. The company specializes in infrastructure construction, including roads, highways, bridges, and buildings, primarily offering EPC services for government projects. It is also involved in wind power generation, Ready-Mix Concrete manufacturing, and toll collection contracts
| Bidding Dates |
|---|
| 07 Jan 2025 - 09 Jan 2025 |
| Subscription |
|---|
| 109.91x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,28,000 | 1 | 1 | 1000 | 6.3 M | ₹128 - ₹135 | 73 % | ₹807.9 M - ₹852.1 M | RHP DOC |
B.R.Goyal Infra IPO SUBSCRIPTION STATUS
09 Jan '25B.R.Goyal Infra IPO overall subscription rate was 109.91 times the total available shares
B.R.Goyal Infra IPO retail subscription rate was 116.24 times in the retail segment
B.R.Goyal Infra IPO non-institutional investor subscription rate was 338.82 times in the non-institutional investor category
B.R.Goyal Infra IPO Qualified Institutional Bidder subscription rate was 36.81 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
09 Jan 2025 (Day 3) | 116.24x | 338.82x | 36.81x |
08 Jan 2025 (Day 2) | 17.69x | 11.05x | 2.13x |
07 Jan 2025 (Day 1) | 3.58x | 1.24x | - |
B.R.Goyal Infra FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 4MFY25 | 19.4 | 1,555.1 | -141.9 | -164.2 | 3.4% |
| FY24 | 218.9 | 5,887.6 | 119.4 | -3.4 | 5.5% |
| FY23 | 173.4 | 3,462.2 | 227.3 | 247.9 | 7.7% |
| FY22 | 75.6 | 2,248.8 | 269.4 | 255.0 | 8.4% |
B.R.Goyal Infra IPO SUBSCRIPTION STATUS DETAILS
B.R.Goyal Infra had 6.3 M shares on offer
B.R.Goyal Infra IPO offer price was in the range ₹128 - ₹135
B.R.Goyal Infra IPO minimum Investment was ₹128000
B.R.Goyal Infra IPO issue size was ₹ 807.9 M - ₹ 852.1 M
B.R.Goyal Infra had a minimum lot size of 1000 Shares per application
B.R.Goyal Infra NUMBER OF SHARES ON OFFER
B.R.Goyal Infra IPO IMPORTANT DATES
| Issue Open Date | 07 Jan 2025 |
| Issue close Date | 09 Jan 2025 |
| Allotment Date | 10 Jan 2025 |
| Refund Date | 13 Jan 2025 |
| Demat Account Credit Date | 13 Jan 2025 |
| Listing Date | 14 Jan 2025 |
| Listing on Exchange(s) | BSE |
| B.R.Goyal Infra Allotment Status | Exchange |
B.R.Goyal Infra IPO subscription opened on 07 Jan 2025, and closed on 09 Jan 2025
IPO allotment for B.R.Goyal Infra was finalized on Friday, 10 Jan 2025
IPO listing for B.R.Goyal Infra was on BSE on Tuesday, 14 Jan 2025
B.R.Goyal Infra IPO LISTING GAINS
| Issue Price (adjusted) | 135.0 |
| Listing Open Price | 135.8 |
| Listing Close Price | 142.5 |
| Listing Gain% | 0.6% |
| Current Gain% | 32.4% |
B.R.Goyal Infra Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| B.R.Goyal Infrastructure Ltd. | 178.8 | 425.9 | 9.5 | 0.1 | 0.5 | 16.4 | 9.8 | 824.6 | 60.1 | 44.8 | 78 | 18.8 | 78 |
| Larsen & Toubro Ltd. | 4056 | 570643.6 | 34.4 | 7.6 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 107.2 | 113192.2 | 645 | 4.5 | 7.6 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 233.4 | 48660.2 | 55.6 | -1.8 | 2.4 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.2 | -31.7 |
| NBCC (India) Ltd. | 95.3 | 25739.1 | 35.7 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.7 | 33.1 |
| Kalpataru Projects International Ltd. | 1317.2 | 22494.2 | 21.6 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 60.9 | 77.5 |
B.R.Goyal Infra IPO Reports
B.R.Goyal Infra INFORMATION ON IPO ISSUE
About B.R.Goyal Infra
B.R.Goyal Infrastructure was incorporated on September 29, 2021. The company specializes in infrastructure construction, including roads, highways, bridges, and buildings, primarily offering EPC services for government projects. It is also involved in wind power generation, Ready-Mix Concrete manufacturing, and toll collection contracts
Object of the Issue
- Funding capital expenditure requirement
- Funding working capital requirement
- Funding expenditure for inorganic growth through acquisitions & other strategic initiatives and general corporate purposes
B.R.Goyal Infra - PROMOTERS
| Name |
|---|
| Balkrishna Goyal |
| Rajendra Kumar Goyal |
| Gopal Goyal |
| Brij Kishore Goyal |
| Uppal Goyal |
| Yash Goyal |
| B. R. Goyal Holdings Private Limited |
B.R.Goyal Infra Lead Manager of the Issue
Beeline Capital Advisors Private Limited
mb@beelinemb.com
B.R.Goyal Infra Registrar to the issue
Link Intime India Private Limited
brgoyal.ipo@linkintime.co.in
B.R.Goyal Infra Strengths
Established player in this business
With over 20 years of experience, the company is a trusted provider of construction, development, and maintenance services specializing in road-focused EPC projects. It offers both lump sum and item rate EPC services, primarily for roads, bridges, highways, and civil construction projects
Project management
With experienced design and engineering teams, the company plans every project step, ensuring strong project management and execution capabilities. This enables better control over costs, quality, and timely completion, allowing the company to capture significant value in executed projects
Strong workforce
As of September 30, 2024, the company employed 402 people in EPC projects and 212 in TCCs, with additional contract labor hired as needed. The company focuses on selective recruitment each year to maintain workforce size, minimizing reliance on contract workers, allowing better control over project quality, costs, and timely execution
B.R.Goyal Infra Risks
Competition
The company primarily acquires projects through competitive bidding, but there is no guarantee that its bids will always be accepted. The inability to qualify, compete, or win projects could negatively impact the business and operations
Risks of delays or cost overruns
Delays in completing current and future construction projects could result in the termination of EPC agreements or cost overruns, negatively impacting cash flows, business, operations, and financial condition
Dependent on joint ventures for large projects
The company relies on joint ventures to qualify for large projects and execute bids. Failure to form or manage these joint ventures effectively could lead to financial and performance challenges, resulting in reduced profits or significant losses, adversely affecting business, financial condition, and operations
IPO FAQs
The promoters of the company are Balkrishna Goyal, Rajendra Kumar Goyal, Gopal Goyal, Brij Kishore Goyal, Uppal Goyal, Yash Goyal and B. R. Goyal Holdings Private Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 128.0 - 135.0.
The IPO application opens on Jan 07, 2025 and closes on Jan 09, 2025.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 128,000.0, the maximum value for this IPO is Rs 135,000.0.
This IPO will be allotted on Jan 10, 2025.
The refund will be credited to your account on Jan 13, 2025.
The allotted shares will be credited to your demat on Jan 13, 2025.
B.R.Goyal Infrastructure Ltd.’s shares listed on the stock exchanges on Jan 14, 2025.