B.R. Goyal Infra IPO Lists at 0.56% Premium on BSE SME at ₹135.75

B.R. Goyal Infrastructure IPO made a flat debut on the BSE SME platform on January 14, listing at ₹135.75 per share, a slight premium of 0.56% over its issue price of ₹135. The IPO, priced between ₹128 and ₹135, resulted in a market valuation of ₹323.42 crore post-listing.

B.R.Goyal Infrastructure Limited IPO Overview

B.R. Goyal Infra IPO Subscription Status

The Indore-based company’s IPO, open from January 7 to 9 on the BSE SME platform, saw strong demand from retail and non-institutional investors. The offer received bids for 49.74 crore shares, exceeding the net issue size of 42.1 lakh shares. Retail Individual Investors’ quota was oversubscribed 88 times, with over 18.41 crore shares bid. Non-Institutional Investors’ portion was booked 257 times, while Qualified Institutional Buyers’ portion was oversubscribed nearly 70 times. The Employee category was slightly oversubscribed with 1.11 times the shares offered.

B.R Goyal Infra IPO GMP

The grey market premium (GMP) of B.R. Goyal Infrastructure has been declining in recent days and is currently at Rs 9, indicating a 7% premium over its issue price. In comparison, the company’s listing on January 14 saw a flat debut, with shares priced at Rs 135.75 on the BSE SME platform, reflecting only a slight 0.56% premium. Despite the decline in GMP, the stock’s performance at listing remained stable with a market valuation of Rs 323.42 crore.

About B.R Goyal Infra IPO

The BR Goyal IPO, valued at ₹85.21 crores, will be open for subscription from January 7 to 9, 2025, with a price band set between ₹128 to ₹135 per share. This book-built issue consists entirely of a fresh issue of 63.12 lakh shares, and the allotment of shares is expected to be finalized on January 10, 2025. The IPO is set to debut on the BSE SME platform on January 14, 2025.

  • Retail investors can apply for a minimum lot size of 1,000 shares (₹1,35,000).
  • High Net Worth Individuals (HNIs) must apply for at least two lots (₹2,70,000).
  • Qualified Institutional Investors (QII) can also participate.
  • Allotment will be finalized on January 10, 2025.

About Company

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 servicesRMC manufacturingwind power generationtoll 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

For the period ended March 31, 2024, the company reported assets of ₹23,948.52 lakhs, up from ₹19,725.84 lakhs in 2023. Revenue rose to ₹59,619.20 lakhs from ₹35,329.74 lakhs in the previous year, while profit after tax increased to ₹2,188.91 lakhs from ₹1,733.51 lakhs. Net worth grew to ₹12,666.79 lakhs, and reserves and surplus stood at ₹11,797.15 lakhs. Total borrowing amounted to ₹4,947.28 lakhs.

Spread the love

Leave a Comment