Bookbuilding IPO | ₹85 Cr | Listed at BSE SME | Tue, Jan 7, 2025 - Thu, Jan 9, 2025
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 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 for investment in 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 Open
Tue, Jan 7, 2025
IPO Close
Thu, Jan 9, 2025
Issue Price
₹135 per share
Market Cap (Pre-IPO)
₹321.63 Cr
| IPO Date | 7 to 9 Jan, 2025 |
| Listed on | Tue, Jan 14, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹128 to ₹135 |
| Issue Price | ₹135 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 63,12,000 shares (agg. up to ₹85 Cr) |
| Reserved for Market Maker | 3,16,000 shares Spread X Securities Pvt.Ltd. (agg. up to ₹4 Cr) |
| Fresh Issue (Ex Market Maker) | 59,96,000 shares (agg. up to ₹81 Cr) |
| Net Offered to Public | 59,96,000 shares (agg. up to ₹81 Cr) |
| Share Holding Pre Issue | 1,75,12,704 shares |
| Share Holding Post Issue | 2,38,24,704 shares |
| BSE Script Code | 544335 |
| ISIN | INE00ST01011 |
B.R.Goyal Infrastructure IPO comprises a total issue size of 63,12,000 shares. The net offer to the public is 59,58,000 shares, after excluding 3,16,000 shares allotted on a firm basis and 38,000 shares under a preferential allotment. Of the Net offer 29,78,000 (49.98%) are allocated to QIB, 8,94,000 (15.01%) allocated to NII 20,86,000 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 29,78,000 | 49.98% | 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 | 15.01% | 14.16% |
| Retail Shares Offered | 20,86,000 | 35.01% | 33.05% |
| Preferential Reservations | |||
| Employee Shares Offered | 38,000 | 0.60% | |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,16,000 | 5.01% | |
| Total Shares Offered | 63,12,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| 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 |
B.R.Goyal Infrastructure IPO raises ₹24.11 crore from anchor investors. B.R.Goyal Infrastructure IPO Anchor bid date is January 6, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Jan 6, 2025 |
| Shares Offered | 17,86,000 |
| Anchor Portion (₹ Cr.) | 24.11 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Feb 8, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Apr 9, 2025 |
| 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 |
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 | 270.00 | 239.49 | 197.26 | 203.39 |
| Total Income | 156.86 | 596.19 | 353.30 | 228.63 |
| Profit After Tax | 1.94 | 21.89 | 17.34 | 7.56 |
| NET Worth | 128.63 | 126.67 | 104.79 | 87.47 |
| Reserves and Surplus | 111.24 | 117.97 | 96.09 | 78.77 |
| Total Borrowing | 64.11 | 49.47 | 41.64 | 53.40 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirement | 8.02 |
| 2 | Funding Working Capital Requirement | 42.00 |
| 3 | Funding expenditure for inorganic growth through acquisitions & other strategic initiatives and General Corporate Purposes | 28.19 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 18.91% |
| ROCE | 19.72% |
| Debt/Equity | 0.50 |
| RoNW | 18.91% |
| PAT Margin | 3.72% |
| Price to Book Value | 0.93 |
The debt-to-equity ratio for July 31, 2024, is provided as the ratio for March 31, 2024, was not disclosed.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 12.50 | 2.45 |
| P/E (x) | 10.8 | 55.13 |
| Promoter Holding | 99.31% | 73% |
| Market Cap | ₹321.63 Cr. |
The B.R.Goyal IPO is subscribed 118.08 times on January 9, 2025 6:54:07 PM (Day 3). The public issue subscribed 88.27 times in the retail category, 69.88 times in the QIB category, and 256.9 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 69.88 | 11,92,000 | 8,32,98,000 | 62 |
| NII* | 256.9 | 8,94,000 | 22,96,65,000 | 14,993 |
| Retail | 88.27 | 20,86,000 | 18,41,28,000 | 1,84,149 |
| Employee | 1.11 | 38,000 | 42,000 | 0 |
| Total | 118.08 | 42,10,000 | 49,71,33,000 | 2,18,744 |
Total Application : 2,18,744
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees including underwriting commission | 3.75 |
| 2 | Brokerage, selling, commission and upload fees | 0.05 |
| 3 | Registrar to the issue | 0.04 |
| 4 | Legal Advisors | 0.05 |
| 5 | Advertising and Marketing expenses | 0.10 |
| 6 | Regulators including stock exchanges | 0.25 |
| 7 | Printing and distribution of issue stationery | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹135.00 |
| Open | ₹135.75 |
| Low | ₹135.00 |
| High | ₹142.50 |
| Last Trade | ₹142.50 |
Lead Manager Reports
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 Crores. The issue is priced at ₹135 per share. The minimum order quantity is 1000.
The IPO opens on Tue, Jan 7, 2025, and closes on Thu, Jan 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 Tue, Jan 7, 2025 and closes on Thu, Jan 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 Mon, Jan 13, 2025. Check the B.R.Goyal Infrastructure IPO allotment status.
The B.R.Goyal Infrastructure IPO listing date is on Tue, Jan 14, 2025.
