B.R. Goyal IPO is a book-built issue amounting to ₹85.21 crores, consisting entirely of a fresh issue of 63.12 lakh shares.
The subscription period for the B.R. Goyal IPO opens on January 7, 2025, and closes on January 9, 2025. The allotment of shares is expected to be finalized on Friday, January 10, 2025. The IPO will list on the BSE SME platform, with a tentative listing date set for Tuesday, January 14, 2025.
B.R.Goyal Infrastructure Limited operates in the infrastructure sector. Their core business activities include civil construction services (EPC projects), ready-mix concrete (RMC) manufacturing, wind power generation, toll collection contracts (TCC), and residential plotting projects.
The IPO price band is set between ₹128 and ₹135 per share, with a minimum application lot size of 1,000 shares. Retail investors are required to invest a minimum of ₹1,35,000, while high-net-worth individuals (HNIs) need to apply for at least 2 lots (2,000 shares), amounting to ₹2,70,000.
Beeline Capital Advisors Pvt Ltd is the book-running lead manager for the B.R. Goyal IPO, while Link Intime India Private Ltd serves as the registrar for the issue. The market maker for the IPO is Spread X Securities Private Limited.
B.R.Goyal IPO Details:
| Company Name | B.R.Goyal Infrastructure Limited |
| Sector | Infrastructure |
| IPO Type | SME |
| IPO Open date | 07th Jan 2025 |
| IPO Close date | 09th Jan 2025 |
| Listing Exchanges | BSE |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
B.R.Goyal IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1000 | 1,35,000 |
| HNI (Min) | 2 | 2000 | 2,70,000 |
B.R.Goyal IPO Timeline:
| IPO Open Date | 07th Jan 2025 |
| IPO Close Date | 09th Jan 2025 |
| Basis of Allotment | 10th Jan 2025 |
| Refund Initiation Date | 13th Jan 2025 |
| Shares Credit to Demat | 13th Jan 2025 |
| Listing Date | 14th Jan 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review B.R.Goyal’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Infrastructure Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in B.R.Goyal and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
