B.R.Goyal Infrastructure Limited
Bookbuilding IPO · BSE
- Price band
- ₹128 - ₹135
- Lot size
- 1,000 shares
- Issue amount
- ₹85.21 cr
- Total subscription
- 119.23×
- Opens
- 7 Jan 2025
- Closes
- 9 Jan 2025
- Allotment
- 10 Jan 2025
- Listing
- 14 Jan 2025
Offer at a glance
Issue overview
- Issue size
- 63,12,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,28,000
- Fresh issue
- ₹85.21 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,35,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,75,12,704
- Shares after issue
- 2,38,24,704
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 1,000 | ₹1,35,000 |
| HNI | 2 | 2,000 | ₹1,35,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 24.11 | 0 |
| RETAIL | 28.16 | 0 |
Financial performance
Company financials
In Lakhs. · Reported periods may include interim results.
Key performance indicators
| Metric | Jul-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 1.15 | 25.15 | 18.61 |
| ROE | 1.52 | 18.91 | 18.03 |
| ROCE | 2.55 | 19.72 | 19.6 |
| RONW | 1.58 | 19.09 | 16.94 |
| PRE IPO (PE) | 0 | 5.37 | 0 |
| POST IPO (PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in 2005, B.R. Goyal Infrastructure Limited is a diversified infrastructure company specializing in construction, manufacturing, energy, and real estate. The company provides EPC services for roads, highways, bridges, buildings, and other civil projects, supported by an in-house design and engineering team. Its Ready Mix Concrete (RMC) unit in Indore has an annual capacity of 1.8 lakh cubic meters, ensuring sustainable production. In renewable energy, the company operates a 1.25 MW wind turbine in Jaisalmer, Rajasthan, which generated 14.7 lakh kWh in FY2024, contributing INR 49.38 lakhs in revenue. B.R. Goyal Infrastructure also manages Toll Collection Contracts across Madhya Pradesh, Maharashtra, Gujarat, and Uttar Pradesh, and has expanded into real estate with residential projects like BRG Hill View-II in Indore. With over 192 construction equipment and vehicles, the company has executed projects across multiple states, including Madhya Pradesh, Maharashtra, Gujarat, Mizoram, Manipur, and Uttar Pradesh.
Strengths
- Established Expertise: Known for construction of roads, highways, and civil infrastructure with a proven track record across multiple states.
- Efficient Operations: In-house design, engineering, and RMC production enable cost-efficient and sustainable operations.
- Strong Growth Pipeline: Maintains a healthy order book with projects expanding across Maharashtra, Gujarat, Mizoram, Manipur, and Uttar Pradesh.
Risk factors
- Challenges with Competitive Bidding: Relying on competitive bidding to win projects can be risky. If contracts aren’t secured, it may affect the company’s income and day-to-day operations.
- Dependence on EPC Revenue: The business depends heavily on its EPC segment, which means any changes in winning contracts or completing projects could make it vulnerable.
- Reliance on Key Clients: Depending on a few major clients creates a risk. Losing one of them could lead to reduced revenue and operational difficulties.
Promoters
Mr. Brij Kishore Goyal
Mr. Balkrishna Goyal
Mr. Gopal Goyal
Mr. Rajendra Kumar Goyal
Mr. Yash Goyal
Mr. Uppal Goyal
M/S. B.R. Goyal Holdings Private Limited
Registrar & documents
Lead manager
Beeline Capital Advisors Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
3-A Agrawal Nagar, Indore 452001,
+91-731 2403831
[email protected]Company website ↗Understanding BRGIL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.