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B.R.Goyal Infrastructure Ltd IPO

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).

B.R.Goyal Infrastructure Ltd IPO Details

Total Shares Offered

₹ 63,12,000

Offer to Public

TBA

Retail Max (Shares)

₹ 20,86,000

Pre Issue Promoters Holding

₹ 1,73,92,704

Exchange

BSE

Issue size

₹ 85.21 Cr

IPO Open Date

Jan 7, 2025

Close Date

Jan 9, 2025

Lot Size

1000

Min Investment

₹ 1,28,000

Issue Type

Book Building - SME

Listing Date

Jan 14, 2025

B.R.Goyal Infrastructure Ltd IPO Dates

Jan 7, 2025

Opening date

Jan 9, 2025

Closing date

Jan 10, 2025

Basis of Allotment

Jan 13, 2025

Initiation of Refunds

Jan 13, 2025

Credit of Shares

Jan 14, 2025

Listing date

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

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

27.97x

257.25x

88.27x

1.11x

78.81x

2978000

894000

2086000

38000

6312000

83298000

229981000

184129000

42000

497450000

B.R.Goyal Infrastructure Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	509.80	588.76	346.22
EBITDA	44.43	38.10	30.56
PAT	25.07	21.87	16.18
Total Assets	250.50	157.15	132.08
Share Capital	23.82	8.70	8.70
Total Borrowings	113.34	80.16	54.66
Operating Activities (Net Cash)	30.46	26.61	20.92
Investing Activities (Net Cash)	5.42	4.99	2.08
Financing Activities (Net Cash)	113.34	80.16	54.66
Net Cashflow	64.16	28.53	28.24

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.

Peer Comparison:

Teerth Gopicon Ltd
Udayshivakumar Infra Ltd

B.R.Goyal Infrastructure Ltd 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.

How To Apply for B.R.Goyal Infrastructure Ltd IPO Online?

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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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the B.R.Goyal Infrastructure Ltd IPO?

B.R.Goyal Infrastructure Ltd's IPO offers shares for up to 85.21 It begins on Jan 7, 2025 and ends on Jan 9, 2025.

What is the price of the B.R.Goyal Infrastructure Ltd IPO?

The price of B.R.Goyal Infrastructure Ltd IPO ranges between ₹128 to ₹135 per share.

What are the open and close dates for the B.R.Goyal Infrastructure Ltd IPO?

The B.R.Goyal Infrastructure Ltd IPO opens on Jan 7, 2025 and closes on Jan 9, 2025.

When will the B.R.Goyal Infrastructure Ltd IPO be allotted?

The allotment for the B.R.Goyal Infrastructure Ltd IPO will be finalised on Jan 10, 2025. The shares will be listed on BSE and NSE on Jan 14, 2025.

What is the minimum lot size required for B.R.Goyal Infrastructure Ltd IPO?

The minimum lot size for B.R.Goyal Infrastructure Ltd IPO is 1000 shares, priced between ₹128 to ₹135 per share.

What is the GMP of B.R.Goyal Infrastructure Ltd IPO?

The GMP (Grey Market Premium) of B.R.Goyal Infrastructure Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of B.R.Goyal Infrastructure Ltd IPO?

To check the allotment status of B.R.Goyal Infrastructure Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the B.R.Goyal Infrastructure Ltd IPO getting listed?

The B.R.Goyal Infrastructure Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jan 7, 2025, and closes on Jan 9, 2025. The allotment is finalised on Jan 10, 2025.

How do you apply for the B.R.Goyal Infrastructure Ltd IPO?

To apply for the B.R.Goyal Infrastructure Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.