B.R.Goyal Infrastructure Ltd IPO
Open Demat Account
B.R.Goyal Infrastructure Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 63.12 L | TBA | ₹ 20.86 L | ₹ 173.93 L | BSE | ₹ 85.21 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 07 Jan, 25 | 09 Jan, 25 | 1000 | ₹ 1,28,000 | Book Building - SME | 14 Jan, 25 |
B.R.Goyal Infrastructure Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Construction |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 27.97x | 2978000 | 83298000 |
| NII | 257.25x | 894000 | 229981000 |
| Retail | 88.27x | 2086000 | 184129000 |
| Employee | 1.11x | 38000 | 42000 |
| Total | 78.81x | 6312000 | 497450000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
B.R.Goyal Infrastructure Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 588.76 | 346.22 | 224.88 |
| EBITDA | 38.10 | 30.56 | 20.18 |
| PAT | 21.87 | 16.18 | 7.40 |
| Total Assets | 157.15 | 132.08 | 129.89 |
| Share Capital | 8.70 | 8.70 | 8.70 |
| Total Borrowings | 80.16 | 54.66 | 72.22 |
| Operating Activities (Net Cash) | 26.61 | 20.92 | 12.53 |
| Investing Activities (Net Cash) | 4.99 | 2.08 | 0.21 |
| Financing Activities (Net Cash) | 80.16 | 54.66 | 72.22 |
| Net Cashflow | 28.53 | 28.24 | 22.77 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About B.R.Goyal Infrastructure Ltd
B.R.Goyal Infrastructure Limited was originally formed as Partnership Firm under the Indian Partnership Act, 1932 (Partnership Act) in the name and style of M/s. Balkrishna Ramkaran Goyal pursuant to a Deed of Partnership dated August 4, 1986. M/s Balkrishna Ramkaran Goyal was thereafter converted from a Partnership firm to a Private Limited Company in the name and Style of B.R.Goyal Infrastructure Private Limited under the provisions of Companies Act, 1956 vide certificate of incorporation dated April 1, 2005 issued by Registrar of Companies, Madhya Pradesh and Chhatisgarh bearing Corporate Identification Number (CIN) U04520MP2005PTC17479. Subsequently, the Company was converted into a Public Limited Company and the name of the Company was changed from B.R.Goyal Infrastructure Private Limited to B.R.Goyal Infrastructure Limited vide fresh Certificate of Incorporation dated May 9, 2018 issued by the Registrar of Companies, Gwalior.
India has the second-largest road network in the world, spanning a total of ~6.7 million kilometres (kms). This road network transports 64.5% of all goods in the country and 90% of India's total passenger traffic uses road network to commute. Road transportation has gradually increased over the years with improvement in connectivity between cities, towns and villages in the country. In India, sale of automobiles and movement of freight by roads is growing at a rapid rate.
Our Company is engaged in the construction and development of infrastructure projects such as roads, highways, bridges and buildings since inception and has ongoing projects in the state of Madhya Pradesh, Maharashtra, Gujarat, Haryana, Uttar Pradesh, Mizoram and Manipur. Our company carry out EPC services for third parties (majorly for government departments), primarily in the roads & highways, commercial complex, industrial parks, housing projects and HAM (Hybrid Annuity Mode) Projects. Our company is also engaged in wind power generation, manufacturing of Ready-Mix Concrete (RMC) and Toll Collection Contract (TCC).
Peer Comparison:
- Teerth Gopicon Ltd
- Udayshivakumar Infra Ltd
B.R.Goyal Infrastructure Ltd IPO Key Points
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.
Risk
- The projects the company operates have been awarded primarily through competitive bidding process. Its bids may not always be accepted. The company may not be able to qualify for, compete and win projects, which could adversely affect its business and results of operations.
- Its EPC business is a major source of the company revenue and the company financial condition would be materially and adversely affected if its fail to obtain new contracts.
- Its business is substantially dependent on the company key customers from whom its derive a significant portion of the company revenues. The loss of any significant clients may have a material and adverse effect on its business and results of operations.
Strategy
- Continue focusing on the roads and highways sector.
- Enhancing execution efficiency.
- Selectively expand our geographical footprint.
- Develop relationship with our clients and optimize our client mix.
- Promotion of our brand recognition.
- 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.
How To Apply for B.R.Goyal Infrastructure Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
