Price band for B R Goyal Infrastructure IPO
The company has fixed the IPO price band at Rs 128 to Rs 135 per share.
Latest GMP for B R Goyal Infrastructure IPO
Ahead of the issue, the company’s unlisted shares were trading with a GMP of Rs 21 in the grey market on Friday, indicating a premium of 15.6% over the upper end of the IPO price band of Rs 135.
B R Goyal Infrastructure IPO’s listing, allotment and closing date
B.R.Goyal IPO will open for public subscription on January 7, and the issue will close on January 9. The allotment for the IPO is expected to be finalized on January 10. Meanwhile, the company’s shares are set to list on the BSE SME platform on January 14.
Proceeds from IPO
The proceeds from the IPO will be used for capital expenditures, working capital requirements, inorganic growth through acquisitions, and general corporate purposes.
B R Goyal Infrastructure IPO lot size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The minimum amount of investment required by retail investors is Rs 1.35 lakh. The minimum lot size investment for high net worth individuals is 2 lots or 2,000 shares, amounting to Rs 2.70 lakh.
About B R Goyal Infrastructure
BR Goyal Infrastructure, established on August 4, 1986, is a prominent player in the infrastructure sector, specializing in the construction and development of projects such as roads, highways, bridges, and buildings. The company operates across several states, including Madhya Pradesh, Maharashtra, Gujarat, Punjab, Haryana, Uttar Pradesh, Mizoram, and Manipur. Additionally, BR Goyal Infrastructure offers EPC services to third-party clients, providing construction solutions for roads, highways, commercial complexes, industrial parks, housing projects, and HAM projects.
B R Goyal Infrastructure’s financials
As of September 2024, the company’s outstanding order book stands at Rs 873.4 crore, which includes 15 roads and highways projects valued at Rs 667.5 crore and 9 building projects worth Rs 173.5 crore.
The EPC services provider successfully raised Rs 1.5 crore by issuing 1.2 lakh shares in a pre-IPO round prior to the IPO launch. As a result, the size of the fresh issue has been reduced from the previously planned 64.32 lakh shares to 63.12 lakh shares.
IPO’s book running lead manager
Beeline Capital Advisors is the sole book running lead manager to the issue.
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