Goel Construction Company Limited (GCCL), incorporated in 1997 and converted into a public limited company in 2024, is a construction and infrastructure contracting company with a specialized focus on industrial projects.
The company has built strong expertise in cement plants, power plants, dairy plants, and other industrial facilities, and is recognized for delivering projects with quality, safety, and timely execution
In the last four years alone, GCCL has delivered 19 projects worth ₹1,13,499.37 lakhs, earning a reputation for quality, speed, and reliability. As of June 30, 2025, the company is powering ahead with 14 ongoing projects across eight states, backed by a healthy order book of ₹59,660.28 lakhs, ensuring strong revenue visibility for the coming years.
With a growing fleet of modern construction machinery and a skilled workforce of 1,191 engineers, professionals, and project managers, GCCL is equipped to handle the toughest challenges of industrial construction. Its journey from handling projects of ₹159 lakhs in the early days to managing contracts exceeding ₹17,000 lakhs today showcases its ability to scale, adapt, and lead.
Driven by over five decades of promoter experience, GCCL stands as a trusted partner in shaping India’s industrial future — a company where engineering excellence meets timely execution.
Goel Construction IPO – Details
| IPO Opening Date | 02 September 2025 |
| IPO Closing Date | 04 September 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 38,08,000 Shares Worth ₹99.77 Crore Fresh Issue: 30,84,400 Shares Worth ₹80.81 Crore Offer For Sale: 7,23,600 Shares Worth ₹18.96 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹249 – ₹262 per share |
| Market Lot | 400 Shares |
| Min Order | 400 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | MUFG Intime India Pvt.Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Goel Construction IPO – Date Schedule
| IPO Open Date | 02 September 2025 |
| IPO Close Date | 04 September 2025 |
| Basis of Allotment | 08 September 2025 |
| Initiation of Refund | 09 September 2025 |
| Credit of Shares to Demat | 09 September 2025 |
| IPO Listing Date | 10 September 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 04, 2025 |
Goel Construction IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 800 | ₹2,09,600 |
| Retail (Max) | 2 | 800 | ₹2,09,600 |
| S-HNI (Min) | 3 | 1,200 | ₹3,14,400 |
| S-HNI (Max) | 9 | 3,600 | ₹9,43,200 |
| B-HNI (Min) | 10 | 4,000 | ₹10,48,000 |
Competitive Strengths
- Strong project management and execution capabilities.
- Long-standing customer relationships across multiple sectors.
- Robust order book providing clear revenue visibility.
- Consistent track record of financial performance.
- Efficient management of a large fleet of equipment and machinery.
Company Promoters
- Mr. Purushottam Dass Goel
- Mr. Arun Kumar Goel
- Mr. Naresh Kumar Goel
- Mr. Ratan Kumar Goel
- Mr. Amit Goel
- Mr. Anuj Goel
- Mr. Ashwani Goel
- Mr. Chinmay Goel
- Mr. Mohak Goel
- Mrs. Soni Goel
- Mrs. Isha Goel
- Mrs. Nirmala Goel
- Mrs. Suman Goel
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹272.94 Cr | ₹254.06 Cr | ₹14.30 Cr | ₹28.51 Cr |
| 31 March 2024 | ₹388.79 Cr | ₹358.47 Cr | ₹22.64 Cr | ₹30.51 Cr |
| 31 March 2025 | ₹594.34 Cr | ₹542.90 Cr | ₹38.32 Cr | ₹28.71 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | 33.69% |
| Debt/Equity | 0.22 |
| RoNW | 34.09% |
| PAT Margin | 6.50% |
| EBITDA Margin | 9.81% |
| Price to Book Value | 2.26 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 33.72 | 26.52 |
| P/E (x) | 7.77 | 9.88 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Capital expenditure towards the purchase of additional equipments and fleets. | ₹41.74 |
| Repayment/prepayment of certain outstanding borrowings availed by the company. | ₹23.05 |
| General Corporate Purposes. | – |
✅Strengths
- Specialist in cement, power & dairy plant construction.
- Strong track record: 19 projects worth ₹1,13,499.37 lakhs in 4 years.
- Order book ₹59,660.28 lakhs with 14 ongoing projects.
- Pan-India presence across 11+ states.
- Backed by modern machinery & 1,191 skilled employees.
⚠️Risks
- Project delays & cost overruns due to approvals or material shortages.
- Industrial hazards may cause liabilities beyond insurance cover.
- Intense competition in a fragmented sector pressures margins.
- High dependency on client financials; cancellations can impact revenues.
- Some promoter qualification documents missing, raising governance concerns.
Goel Construction IPO Promoter Holding
| Pre Issue Share Holding | 97.70% |
| Post Issue Share Holding | – |
Goel Construction IPO Prospectus
Company Contact Information
| Goel Construction Co.Ltd. 8, Vashisth Marg, Gom Defence Vaishali Nagar Jaipur, Rajasthan, 302001 Phone: 0141-2365121 Email: info@goelconstruction.co.in Website: https://www.goelconstruction.co.in/ |
Goel Construction IPO Registrar
| MUFG Intime India Pvt.Ltd. Phone: +91-22-4918 6270 Email: goelconstruction.smeipo@in.mpms.mufg.com Website: https://linkintime.co.in/Initial_Offer/public-issues.html |
Goel Construction IPO Lead Manager(s)
| 1. Srujan Alpha Capital Advisors LLP |
Goel Construction IPO FAQ
| What is Goel Construction IPO? Goel Construction IPO is an SME IPO. The issue is priced at ₹249 – ₹262 per equity share. The IPO is to be listed on BSE SME. |
| When Goel Construction IPO will open? The IPO is to open on 02 September 2025 for QIB, NII, and Retail Investors. |
| What is Goel Construction IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Goel Construction IPO Size? Goel Construction IPO size is ₹99.77 Crore. |
| What is Goel Construction IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 800 Shares with ₹2,09,600 amount, while the maximum bid is 800 Shares with ₹2,09,600. |
| What is the Goel Construction IPO Allotment Date? Goel Construction IPO allotment date is 08 September 2025. |
| What is the Goel Construction IPO Listing Date? Goel Construction IPO listing date is 10 September 2025. The IPO is to be listed on the NSE SME. |
