The BR Goyal IPO, a book-built issue valued at ₹85.21 crores, is set to open for subscription on January 7, 2025, and will close on January 9, 2025. This IPO consists entirely of a fresh issue of 63.12 lakh shares, with a price band fixed between ₹128 to ₹135 per share. The allotment of shares is expected to be finalized on Friday, January 10, 2025, and the IPO is tentatively scheduled to list on the BSE SME platform on Tuesday, January 14, 2025.
Investors can apply for a minimum lot size of 1,000 shares, which requires a minimum investment of ₹1,35,000 for retail investors. High Net Worth Individuals (HNIs) need to invest in at least two lots, amounting to ₹2,70,000 for 2,000 shares. This IPO provides a promising opportunity for investors, particularly those keen to explore fresh equity issues on the SME platform.
Overview of Contents
BR Goyal IPO Overview
| Details | Information |
|---|---|
| IPO Date | January 7, 2025 to January 9, 2025 |
| Listing Date | January 14, 2025 (Tentative) |
| Face Value | ₹10 per share |
| Price Band | ₹128 to ₹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 | 1,73,92,704 shares |
| Share Holding Post Issue | 2,37,04,704 shares |
| Market Maker Portion | 3,16,000 shares |
| DRHP Draft Prospectus | Click here |
| RHP Draft Prospectus | Click Here |
BR Goyal IPO Lot Size
| Category | 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 |
BR Goyal IPO Reservation
| Category | 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 |
BR Goyal IPO Dates
The B.R. Goyal IPO offers a minimum lot size of 1,000 shares, and investors can apply in multiples of this lot size. Retail investors can make a single lot investment, while High Net Worth Individuals (HNIs) must apply for a minimum of 2 lots (2,000 shares). The table below provides a detailed breakdown of the minimum and maximum investment requirements for retail and HNI investors.
| IPO Open Date | Tuesday, January 7, 2025 |
| IPO Close Date | Thursday, January 9, 2025 |
| Basis of Allotment | Friday, January 10, 2025 |
| Initiation of Refunds | Monday, January 13, 2025 |
| Credit of Shares to Demat | Monday, January 13, 2025 |
| Listing Date | Tuesday, January 14, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 9, 2025 |
B.R.Goyal IPO Promoter Holding
The company’s promoters include Mr. Brij Kishore Goyal, Mr. Balkrishna Goyal, Mr. Gopal Goyal, Mr. Rajendra Kumar Goyal, Mr. Yash Goyal, Mr. Uppal Goyal, and M/S B.R. Goyal Holdings Private Limited. These individuals and entities hold significant experience and are instrumental in driving the company’s growth.
| Share Holding | Percentage |
|---|---|
| Pre Issue | 99.31% |
| Post Issue | 73% |
About B.R.Goyal IPO
Incorporated in 2005, B.R. Goyal Infrastructure Limited specializes in constructing infrastructure projects, including roads, highways, bridges, and buildings. The company has an integrated EPC and construction business, supported by a skilled design and engineering team and a Ready Mix Concrete (RMC) unit in Indore with a capacity of 1.80 lakh cubic meters annually. The company also ventured into wind energy with a 1.25 MW wind turbine in Jaisalmer, Rajasthan, and is actively executing road construction projects in Maharashtra, Gujarat, Mizoram, Manipur, and Uttar Pradesh.
B.R. Goyal’s business operations span five key categories: EPC services, RMC manufacturing, wind power generation, toll collection contracts, and residential plotting projects, including the recent BRG Hill View-II and its extension in Indore. With a strong order book, advanced technology-enabled project management, equipment ownership, and a skilled workforce, the company stands out as an efficient and competitive player in the infrastructure and energy sectors.
BR Goyal Infrastructure Limited Financial Information
The significant growth in revenue from ₹22,863.32 lakhs in FY 2022 to ₹59,619.20 lakhs in FY 2024 highlights the company’s robust operational performance. With a growing net worth and reserves, along with prudent borrowing practices, the company is well-positioned for future expansion and sustained profitability.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets (₹ Lakhs) | 23,948.52 | 19,725.84 | 20,338.54 |
| Revenue (₹ Lakhs) | 59,619.20 | 35,329.74 | 22,863.32 |
| Profit After Tax (₹ Lakhs) | 2,188.91 | 1,733.51 | 756.09 |
| Net Worth (₹ Lakhs) | 12,666.79 | 10,479.04 | 8,746.91 |
| Reserves and Surplus (₹ Lakhs) | 11,797.15 | 9,609.40 | 7,877.27 |
| Total Borrowing (₹ Lakhs) | 4,947.28 | 4,163.54 | 5,340.28 |
BR Goyal IPO Valuation – FY2024
| KPI | Values |
|---|---|
| ROE | 18.91% |
| ROCE | 19.72% |
| Debt/Equity | 0.39 |
| RoNW | 18.91% |
| PAT Margin | 3.67 |
| Price to Book Value | 0.94 |
Objects of the Issue
- Fund capital expenditure needs
- Support working capital requirements
- Finance acquisitions, strategic initiatives, and general corporate purposes
BR Goyal Infrastructure Limited Contact Details
3-A
Agrawal Nagar,
Indore 452001,
Phone: +91-731 2403831
Email: cs@brginfra.in
Website: http://www.brginfra.com/
BR 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
FAQs for BR Goyal IPO
What are the IPO dates for B.R. Goyal Infrastructure Limited?
The IPO opens for subscription on January 7, 2025, and closes on January 9, 2025.
What is the price band for the B.R. Goyal IPO?
The price band for the IPO is set at ₹128 to ₹135 per share.
What is the lot size for the B.R. Goyal IPO?
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
What is the total issue size of the B.R. Goyal IPO?
The total issue size is 63.12 lakh shares, aggregating to ₹85.21 crores.
What is the listing date for the B.R. Goyal IPO?
The tentative listing date for the IPO is January 14, 2025, on the BSE SME.