B.R.Goyal IPO

B.R.Goyal IPO opens for subscription on January 7, 2025 and closes on January 9, 2025. The allotment for the B.R.Goyal IPO is expected to be finalized on Friday, January 10, 2025. B.R.Goyal IPO will list on BSE SME with tentative listing date fixed as Tuesday, January 14, 2025.

B.R.Goyal IPO price band is set at ₹128 to ₹135 per share. The minimum lot size for an application is 1000. The minimum amount of investment required by retail investors is ₹1,35,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹2,70,000.

B.R.Goyal IPO is a book built issue of Rs 85.21 crores. The issue is entirely a fresh issue of 63.12 lakh shares.

B.R.Goyal IPO Details

B.R.Goyal IPO Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

B.R.Goyal IPO Objectives

The Company intend to utilize the net proceeds of the Issue to meet the following objects:

• Funding capital expenditure requirement of the company
• Funding Working Capital Requirement of the Company
• Funding expenditure for inorganic growth through acquisitions & other strategic initiatives and General Corporate Purposes

About B.R.Goyal Infrastructure

Incorporated in 2005, B.R.Goyal Infrastructure 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:

• Engineering Procurement Construction (EPC) services: Roads and Highways,Building and other Civil Construction
• Ready Mix Concrete (RMC) manufacturing: Ready Mixed Concrete (RMC) is produced using computer-controlled operations, ensuring minimal environmental impact in sensitive areas.
• Wind power generation: The company owns a 1.25 MW windmill in Jaisalmer, generating revenue and units as follows: July 2024 (13.35 INR, 3.97 Lakh KWh), March 2024 (49.38 INR, 14.70 Lakh KWh), March 2023 (33.57 INR, 10.64 Lakh KWh), March 2022 (45.49 INR, 13.85 Lakh KWh).
• Toll Collection Contract (TCC): TCC projects are spread across Madhya Pradesh, Maharashtra, Gujarat, Punjab, Haryana, Uttar Pradesh, Mizoram and Manipur.
• Residential Plotting Projects: The company recently launched 2 residential plotting projects named as BRG Hill View – II and BRG Hill View II Extension at Village Sanawadiya, Indore.

As on September 30, 2024, the company had 402 permanent employees and 212 employees at our TCCs.

Competitive Strengths:

• Established roads and highways sector focused construction developer
• Efficient business model
• Strong Order Book with growing project portfolio.
• Technology enabled project management capabilities
• Project management
• Equipment ownership
• Strong Workforce
• Experienced management team

B.R.Goyal Infrastructure Financial Information

B.R.Goyal IPO Reservation

B.R.Goyal IPO Timeline (Tentative Schedule)

B.R.Goyal IPO opens on January 7, 2025, and closes on January 9, 2025.