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B.R.Goyal Infrastructure IPO is a book build issue of ₹85.21 crores. The issue is entirely a fresh issue of 0.63 crore shares of ₹85.21 crore.
B.R.Goyal Infrastructure IPO bidding started from Jan 7, 2025 and ended on Jan 9, 2025. The allotment for B.R.Goyal Infrastructure IPO was finalized on Jan 10, 2025. The shares got listed on BSE SME on Jan 14, 2025.
B.R.Goyal Infrastructure IPO price band is set at ₹135.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,35,000 (1000 shares) (based on upper price). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,70,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Spread X Securities Pvt.Ltd..
Refer to B.R.Goyal Infrastructure IPO RHP for detailed Information.
| IPO Date | January 7, 2025 to January 9, 2025 |
| Listing Date | January 14, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹128 to ₹135 per share |
| Issue Price Final | ₹135 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 63,12,000 shares (aggregating up to ₹85.21 Cr) |
| Reserved for Market Maker | 3,16,000 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹4.27 Cr) |
| Net Offered to Public | 59,96,000 shares (aggregating up to ₹80.95 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,75,12,704 shares |
| Share Holding Post Issue | 2,38,24,704 shares |
B.R.Goyal Infrastructure IPO offers total 63,12,000 shares. Out of which 29,78,000 (47.18%) allocated to QIB, 11,92,000 (18.88%) allocated to QIB (Ex- Anchor), 8,94,000 (14.16%) allocated to NII, 20,86,000 (33.05%) allocated to RII and 17,86,000 (28.30%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,16,000 (5.01%) |
| QIB Shares Offered | 29,78,000 (47.18%) |
| − Anchor Investor Shares Offered | 17,86,000 (28.30%) |
| − QIB (Ex. Anchor) Shares Offered | 11,92,000 (18.88%) |
| NII (HNI) Shares Offered | 8,94,000 (14.16%) |
| Retail Shares Offered | 20,86,000 (33.05%) |
| Employee Shares Offered | 38,000 (0.60%) |
| Total Shares Offered | 63,12,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only NII | Above Rs 2 Lakhs | No |
| Only employee | Up to Rs 2 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
B.R.Goyal Infrastructure IPO raises ₹24.11 crore from anchor investors. B.R.Goyal Infrastructure IPO Anchor bid date is January 6, 2025. B.R.Goyal Infrastructure IPO Anchor Investors list
| Bid Date | January 6, 2025 |
| Shares Offered | 17,86,000 |
| Anchor Portion Size (In Cr.) | 24.11 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 8, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 9, 2025 |
B.R.Goyal Infrastructure IPO opens on January 7, 2025, and closes on January 9, 2025.
| IPO Open Date | Tue, Jan 7, 2025 |
| IPO Close Date | Thu, Jan 9, 2025 |
| Tentative Allotment | Fri, Jan 10, 2025 |
| Initiation of Refunds | Mon, Jan 13, 2025 |
| Credit of Shares to Demat | Mon, Jan 13, 2025 |
| Tentative Listing Date | Tue, Jan 14, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jan 9, 2025 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2005, B.R.Goyal Infrastructure Limited is engaged in the business of construction of infrastructure projects such as roads, highways, bridges and buildings.
The company has established an integrated EPC and construction business, supported by a design and engineering team and RMC unit. The RMC unit, located in Indore, has an installed capacity of 1.80 Lakh cubic meters per annum. As of September 30, 2024, the company operates with over 199 construction equipment and vehicles.
The company entered the wind energy business by installing a 1.25 MW wind power turbine in Jaisalmer, Rajasthan, commissioned in 2005.
The company has successfully executed projects across Madhya Pradesh and is currently executing road construction projects in Maharashtra, Gujarat, Mizoram, Manipur, and Uttar Pradesh after expanding operations.
Business is divided into 5 categories:
As on September 30, 2024, the company had 402 permanent employees and 212 employees at our TCCs.
Competitive Strengths:
| Period Ended | 31 Jul 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 26,999.85 | 23,948.52 | 19,725.84 | 20,338.54 |
| Total Income | 15,686.45 | 59,619.2 | 35,329.74 | 22,863.32 |
| Profit After Tax | 194.46 | 2,188.91 | 1,733.51 | 756.09 |
| Net Worth | 12,863.48 | 12,666.79 | 10,479.04 | 8,746.91 |
| Reserves and Surplus | 11,124.2 | 11,797.15 | 9,609.4 | 7,877.27 |
| Total Borrowing | 6,411.09 | 4,947.28 | 4,163.54 | 5,340.28 |
| Amount in ₹ Lakhs | ||||
The market capitalization of B.R.Goyal Infrastructure IPO is ₹321.63 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 18.91% |
| ROCE | 19.72% |
| Debt/Equity | 0.50 |
| RoNW | 18.91% |
| PAT Margin | 3.72% |
| Price to Book Value | 0.93 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 12.50 | 2.45 |
| P/E (x) | 10.8 | 55.13 |
The debt-to-equity ratio for July 31, 2024, is provided as the ratio for March 31, 2024, was not disclosed.
The Company intend to utilize the net proceeds of the Issue to meet the following objects:
[Dilip Davda] The company is EPC contractor for infra projects like highways, bridges, building and other construction related works. Currently it has ongoing contracts in seven states, and is expanding in to other states with recent bidding's. The company posted steady growth in its top and bottom lines from FY22 to FY24. Based on its recent financial performance the issue appears fully priced. As of September 30, 2024, it had order book worth Rs. 873.40 cr. Investors may park funds from medium to long term. Read detail review...
| Listing Date | January 14, 2025 |
| BSE Script Code | 544335 |
| NSE Symbol | |
| ISIN | INE00ST01011 |
| Final Issue Price | ₹135 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹135.00 |
| Open | ₹135.75 |
| Low | ₹135.00 |
| High | ₹142.50 |
| Last Trade | ₹142.50 |
B.R.Goyal Infrastructure Ltd.
3-A
Agrawal Nagar,
Indore 452001,
Indore, Madhya Pradesh
Phone: +91-731 2403831
Email: cs@brginfra.in
Website: http://www.brginfra.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: brgoyal.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
B.R.Goyal Infrastructure IPO is a SME IPO of 63,12,000 equity shares of the face value of ₹10 aggregating up to ₹85.21 Crores. The issue is priced at ₹135 per share. The minimum order quantity is 1000.
The IPO opens on January 7, 2025, and closes on January 9, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in B.R.Goyal Infrastructure IPO using UPI as a payment gateway. Zerodha customers can apply in B.R.Goyal Infrastructure IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in B.R.Goyal Infrastructure IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The B.R.Goyal Infrastructure IPO opens on January 7, 2025 and closes on January 9, 2025.
B.R.Goyal Infrastructure IPO lot size is 1000, and the minimum amount required for application is ₹1,35,000.
You can apply in B.R.Goyal Infrastructure IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for B.R.Goyal Infrastructure IPO will be done on Friday, January 10, 2025, and the allotted shares will be credited to your demat account by Monday, January 13, 2025. Check the B.R.Goyal Infrastructure IPO allotment status.
The B.R.Goyal Infrastructure IPO listing date is on Tuesday, January 14, 2025.
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