Goel Construction Co. was incorporated on June 24, 1997. The company is a construction contractor specializing in industrial plants and infrastructure projects, with strong expertise in cement, power, dairy, and other industrial plants
| Bidding Dates |
|---|
| 02 Sep 2025 - 04 Sep 2025 |
| Subscription |
|---|
| 115.77x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,00,000 | 2 | 2 | 400 | 3.8 M | ₹250 - ₹263 | 71.83 % | ₹952.0 M - ₹1001.5 M | RHP DOC |
Goel Construction Company IPO SUBSCRIPTION STATUS
04 Sep '25Goel Construction Company IPO overall subscription rate was 115.77 times the total available shares
Goel Construction Company IPO retail subscription rate was 114.4 times in the retail segment
Goel Construction Company IPO non-institutional investor subscription rate was 291.24 times in the non-institutional investor category
Goel Construction Company IPO Qualified Institutional Bidder subscription rate was 64.08 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
04 Sep 2025 (Day 3) | 114.4x | 291.24x | 64.08x |
03 Sep 2025 (Day 2) | 15.08x | 25.36x | 3.35x |
02 Sep 2025 (Day 1) | 3.12x | 2.59x | 1.81x |
Goel Construction Company FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 590.0 | 38.3 | 38.4 | 15.7 | 9.8% |
| FY24 | 386.1 | 22.6 | 48.2 | 32.0 | 9.4% |
| FY23 | 270.7 | 14.3 | 24.2 | 2.0 | 8.7% |
Goel Construction Company IPO SUBSCRIPTION STATUS DETAILS
Goel Construction Company had 3.8 M shares on offer
Goel Construction Company IPO offer price was in the range ₹250 - ₹263
Goel Construction Company IPO minimum Investment was ₹200000
Goel Construction Company IPO issue size was ₹ 952.0 M - ₹ 1001.5 M
Goel Construction Company had a minimum lot size of 400 Shares per application
Goel Construction Company NUMBER OF SHARES ON OFFER
Goel Construction Company IPO IMPORTANT DATES
| Issue Open Date | 02 Sep 2025 |
| Issue close Date | 04 Sep 2025 |
| Allotment Date | 08 Sep 2025 |
| Refund Date | 09 Sep 2025 |
| Demat Account Credit Date | 09 Sep 2025 |
| Listing Date | 09 Sep 2025 |
| Listing on Exchange(s) | BSE |
| Goel Construction Company Allotment Status | Exchange/ Registrar |
Goel Construction Company IPO subscription opened on 02 Sep 2025, and closed on 04 Sep 2025
IPO allotment for Goel Construction Company was finalized on Monday, 08 Sep 2025
IPO listing for Goel Construction Company was on BSE on Tuesday, 09 Sep 2025
Goel Construction Company IPO LISTING GAINS
| Issue Price (adjusted) | 263.0 |
| Listing Open Price | 302.5 |
| Listing Close Price | 317.6 |
| Listing Gain% | 15.0% |
| Current Gain% | 82.5% |
Goel Construction Company 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Goel Construction Company Ltd. | 480 | 693.6 | 15 | 0.7 | 1 | 18.2 | 10.2 | 665.3 | 11.9 | 46.3 | 20.7 | 32 | 20.7 |
| Larsen & Toubro Ltd. | 4037.4 | 568026.8 | 34.2 | 7.5 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 105.1 | 110985.4 | 632.4 | 4.4 | 7.5 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 230 | 47955.5 | 53.3 | -2.2 | 2.3 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.3 | -24.5 |
| NBCC (India) Ltd. | 93.8 | 25326 | 34.1 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.8 | 30.6 |
| Kalpataru Projects International Ltd. | 1347.7 | 23015 | 20.3 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 66.5 | 60.9 |
Goel Construction Company INFORMATION ON IPO ISSUE
About Goel Construction Company
Goel Construction Co. was incorporated on June 24, 1997. The company is a construction contractor specializing in industrial plants and infrastructure projects, with strong expertise in cement, power, dairy, and other industrial plants
Object of the Issue
- Capital expenditure towards purchase of additional equipments and fleets
- Repayment / prepayment of certain outstanding borrowings availed by the company
- General corporate purposes
Goel Construction Company - PROMOTERS
| Name |
|---|
| Purushottam Dass Goel |
| Arun Kumar Goel |
| Naresh Kumar Goel |
| Ratan Kumar Goel |
| Amit Goel |
| Anuj Goel |
Goel Construction Company - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Purushottam Dass Goel | Chairman & Managing Director |
| Arun Kumar Goel | Whole-Time Director |
| Mahesh Chandra Agrawal | Independent Director |
| Sakshi Agarwal | Independent Director |
| Chaman Lal | Independent Director |
| Soni Goel | Additional Director (Executive) |
Goel Construction Company Book Running Lead Manager
Srujan Alpha Capital Advisors LLP
goel.smeipo@srujanalpha.com
Goel Construction Company Registrar to the issue
MUFG Intime India Private Limited
goelconstruction.smeipo@in.mpms.mufg.com
Goel Construction Company Strengths
Project management & execution capabilities
The company has a proven track record in executing diverse construction projects, completing over 19 projects in the last four years and currently handling 14 ongoing projects. With clientele spanning corporates, cooperative societies, and other organizations, its experienced management and execution teams have built strong capabilities across the project life cycle, enabling delivery of complex projects with quality and compliance
Effective management of equipment & fleet
Efficient equipment and fleet management is central to maintaining project timelines and quality standards. The company owns and manages its fleet, reducing dependence on third parties, optimizing utilization, streamlining maintenance, and ensuring timely execution of multiple projects while supporting future project bids
Client relationship
The company has built long-term relationships with customers, serving several for many years. Its reputation for timely project completion and focus on quality has strengthened customer trust and loyalty
Goel Construction Company Risks
Competition
The company’s projects are mainly sourced through nominations and competitive bidding, where technical expertise, financial strength, and past performance are key. However, there is no assurance that it will consistently meet qualification criteria or win bids, which may impact business and results of operations
Operational costs
The company’s operations involve risks such as equipment failure, accidents, fire, or environmental damage, which may cause injury, loss of life, or property damage. Failure to follow effective safety procedures at project sites can harm employees, increase costs, and impact client projects
Cost overrun risks
The company undertakes item-rate (unit-price/BOQ) contracts where quotes are given for specific work items based on client-provided quantities. While some contracts allow price adjustments, the company often bears risks of time and cost overruns unless excluded by contract terms
IPO FAQs
This IPO consists of an offer for sale of up to Rs 19.0 crore, of 723,600 shares. It also consists of a fresh issue of Rs 81.1 crore.
The promoters of the company are Purushottam Dass Goel, Arun Kumar Goel, Naresh Kumar Goel, Ratan Kumar Goel, Amit Goel and Anuj Goel.
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 250.0 - 263.0.
The IPO application opens on Sep 02, 2025 and closes on Sep 04, 2025.
The minimum lot size for the IPO is 800. The maximum lot size for the IPO is 800.
For all category investors, the minimum application amount for this IPO is Rs. 200,000.0, the maximum value for this IPO is Rs 210,400.0.
This IPO will be allotted on Sep 08, 2025.
The refund will be credited to your account on Sep 09, 2025.
The allotted shares will be credited to your demat on Sep 09, 2025.
Goel Construction Co.Ltd.’s shares listed on the stock exchanges on Sep 09, 2025.