Goel Construction Company Ltd IPO
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Goel Construction Company Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 38.08 L | ₹ 7.24 L | TBA | ₹ 111.03 L | DBC | ₹ 99.77 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 02 Sep, 25 | 04 Sep, 25 | 800 | ₹ 2,00,000 | Book Building - SME | 10 Sep, 25 |
Goel Construction Company Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Engineering - Turnkey Services |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 0x | 0 | 0 |
| Retail | 0x | 0 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 3808000 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Goel Construction Company Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 36.20 | 23.38 | 18.13 |
| EBITDA | 42.07 | 27.88 | 21.90 |
| PAT | 22.64 | 14.30 | 10.89 |
| Total Assets | 139.35 | 127.34 | 56.49 |
| Share Capital | 1.03 | 1.03 | 1.03 |
| Total Borrowings | 82.39 | 55.05 | 26.14 |
| Operating Activities (Net Cash) | 28.51 | 18.80 | 14.66 |
| Investing Activities (Net Cash) | 6.81 | 9.31 | 1.74 |
| Financing Activities (Net Cash) | 82.39 | 55.05 | 26.14 |
| Net Cashflow | 44.30 | 16.89 | 13.48 |
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 Goel Construction Company Ltd
Our Company, Goel Construction Company Limited (Company or Issuer) was originally incorporated in the name and style of `Goel Construction Company Private Limited' under the Companies Act, 1956 with the Registrar of Companies, Jaipur, vide certificate of incorporation dated June 24, 1997. Further, the constitution of Company was changed from a Private Limited Company to a Public Limited Company and consequently the name of our Company was changed to `Goel Construction Company Limited', and a fresh certificate of incorporation dated December 20, 2024 was issued by the Registrar of Companies, Jaipur,
The Construction sector is a key component of the Indian economy with linkages across more than 250+ sub sectors. Construction, the second largest economic activity in India (after agriculture) contributes around 9.1% to the national GDP. Further, India is poised to become the third largest construction market in the next 2-3 years on the back of stable economic growth as the real estate sector has emerged to be a critical engine in the country's growth story. The construction sector, along with the output generated from real estate services and ownership of dwellings, contributes nearly 14.3% to the economy's total output (at constant prices) in FY 2023.
We are construction contractors having experience in construction of industrial plants and infrastructure projects. Our primary focus and strength has been deeply rooted in construction of Cement Plant, Power Plant and Dairy Plant and other industrial plants. Our focus is on delivering construction services, ensuring quality, timely execution and adherence to project specifications. Our understanding of industrial construction requirements of our clients, our commitment to safety, and the ability to manage complex projects, fosters long term relationship with our clients. In the last three years we have successfully executed and delivered 18 projects with an aggregate Contract Value of Rs.1,03,320.40 lakhs, across various states in India. As on February 28, 2025, we have 14 ongoing projects across seven states in India, with an Order Book of Rs.48,861.97 lakhs.
Peer Comparison:
- Power Mech Projects Ltd
- Suntech Infra Solutions Limited
- Ahluwalia Contracts (India) Limited
Goel Construction Company Ltd IPO Key Points
Strengths
- Project management and execution capabilities.
- Long standing relationships with customer.
- Strong order book providing revenue visibility.
- Strong and consistent financial performance.
- Effective management of equipment and fleet.
Risk
- Our ongoing projects are exposed to various implementation risks and uncertainties and may be delayed, modified or cancelled for reasons beyond our control, which may adversely affect our business, financial condition and results of operation.
- Our Order Book may not be representative of our future results and our actual income may be significantly less than the estimates reflected in our Order Book, which could adversely affect our results of operations.
- We may not be able to compete and secure work order for projects we bid for, which could adversely affect our business and results of operations.
Strategy
- Strengthening our Equipment and Fleet base.
- Diversify and optimise our project mix and cater to larger size projects.
- Further expand our geographical footprint.
- Capitalize on the strong industry tailwinds in the industrial construction sector.
- Project management and execution capabilities.
- Long standing relationships with customer.
- Strong order book providing revenue visibility.
- Strong and consistent financial performance.
- Effective management of equipment and fleet.
How To Apply for Goel Construction Company 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.
