B.R.Goyal Infrastructure Limited is engaged in constructing infrastructure projects such as roads, highways, bridges and buildings.
The company has established an integrated EPC and construction business, supported by a design and engineering team and RMC unit. The RMC unit, located in Indore, has an installed capacity of 1.80 Lakh cubic meters per annum. As of September 30, 2024, the company operates with over 199 construction equipment and vehicles.
The company entered the wind energy business by installing a 1.25 MW wind power turbine in Jaisalmer, Rajasthan, commissioned in 2005.
The company has successfully executed projects across Madhya Pradesh and is currently executing road construction projects in Maharashtra, Gujarat, Mizoram, Manipur, and Uttar Pradesh after expanding operations.
Business is divided into 5 categories:
- Engineering Procurement Construction (EPC) services: Roads and Highways,Building and other Civil Construction
- Ready Mix Concrete (RMC) manufacturing: Ready Mixed Concrete (RMC) is produced using computer-controlled operations, ensuring minimal environmental impact in sensitive areas.
- Wind power generation: The company owns a 1.25 MW windmill in Jaisalmer, generating revenue and units as follows: July 2024 (13.35 INR, 3.97 Lakh KWh), March 2024 (49.38 INR, 14.70 Lakh KWh), March 2023 (33.57 INR, 10.64 Lakh KWh), March 2022 (45.49 INR, 13.85 Lakh KWh).
- Toll Collection Contract (TCC): TCC projects are spread across Madhya Pradesh, Maharashtra, Gujarat, Punjab, Haryana, Uttar Pradesh, Mizoram and Manipur.
- Residential Plotting Projects: The company recently launched 2 residential plotting projects named as BRG Hill View – II and BRG Hill View II Extension at Village Sanawadiya, Indore.
As on September 30, 2024, the company had 402 permanent employees and 212 employees at our TCCs.
B.R.Goyal Infrastructure IPO – Details
| IPO Opening Date | 07 January 2025 |
| IPO Closing Date | 09 January 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 63,12,000 Shares Worth ₹85.21 Crore Fresh Issue: 63,12,000 Shares Worth ₹85.21 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹128 – ₹135 |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| Other Shares Offered | 15% |
B.R.Goyal Infrastructure IPO – Date Schedule
| IPO Open Date | 07 January 2025 |
| IPO Close Date | 09 January 2025 |
| Basis of Allotment | 10 January 2025 |
| Initiation of Refund | 13 January 2025 |
| Credit of Shares to Demat Account | 13 January 2025 |
| IPO Listing Date | 14 January 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 09, 2025 |
B.R.Goyal Infrastructure IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,35,000 |
| Retail (Max) | 1 | 1000 | ₹1,35,000 |
| HNI (Min) | 2 | 2000 | ₹2,70,000 |
Competitive Strengths
- Established roads and highways sector-focused construction developer.
- Efficient business model.
- Strong Order Book with growing project portfolio.
- Technology enabled project management capabilities.
- Project management.
- Equipment ownership.
- Strong Workforce.
- Experienced management team.
Company 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
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 212.01 | 202.01 | 7.47 | 53.40 |
| 31 March 2023 | 351.19 | 330.11 | 16.18 | 41.63 |
| 31 March 2024 | 586.20 | 557.58 | 21.86 | 49.47 |
| 31 July 2024 | 148.70 | 145.97 | 1.99 | 64.11 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 18.91% |
| ROCE | 19.72% |
| Debt/Equity | 0.50 |
| RoNW | 18.91% |
| PAT Margin | 3.72 |
| Price to Book Value | 0.93 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 25.15 | – |
| P/E (x) | 5.37 | – |
Object Of The Issue
- Funding capital expenditure requirement of the company.
- Funding Working Capital Requirement of the Company.
- Funding expenditure for inorganic growth through acquisitions & other strategic initiatives and General Corporate Purposes.
B.R.Goyal Infrastructure IPO Promoter Holding
| Pre Issue Share Holding | 99.31% |
| Post Issue Share Holding | 73.00% |
B.R.Goyal Infrastructure IPO Prospectus
Company Contact Information
| B.R.Goyal Infrastructure Limited 3-A Agrawal Nagar, Indore 452001, Phone: +91-731 2403831 Email: cs@brginfra.in Website: http://www.brginfra.com/ |
B.R.Goyal Infrastructure IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: brgoyal.smeipo@linkintime.co.in Website: https://linkintime.co.in/Initial_Offer/public-issues.html |
B.R.Goyal Infrastructure IPO Lead Manager(s)
| 1. Beeline Capital Advisors Pvt Ltd |
B.R.Goyal Infrastructure IPO FAQs
| What is B.R.Goyal Infrastructure IPO? B.R.Goyal Infrastructure IPO is an SME IPO. The issue is priced at ₹128 – ₹135 per equity share. The IPO is to be listed on BSE SME. |
| When B.R.Goyal Infrastructure IPO will open? The IPO is to open on 07 January 2025 for QIB, NII, and Retail Investors. |
| What is B.R.Goyal Infrastructure IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, and NII – 15%. |
| How to Apply the B.R.Goyal Infrastructure IPO? You can apply B.R.Goyal Infrastructure IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the B.R.Goyal Infrastructure IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “B.R.Goyal Infrastructure IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the B.R.Goyal Infrastructure IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “B.R.Goyal Infrastructure IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the B.R.Goyal Infrastructure IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “B.R.Goyal Infrastructure IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the B.R.Goyal Infrastructure IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “B.R.Goyal Infrastructure IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is B.R.Goyal Infrastructure IPO Size? B.R.Goyal Infrastructure IPO size is ₹85.21 Crore. |
| What is B.R.Goyal Infrastructure IPO Price Band? B.R.Goyal Infrastructure IPO Price Band is ₹128 – ₹135. |
| What is B.R.Goyal Infrastructure IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 1,000 Shares with ₹1,35,000 amount while the maximum bid is 1,000 Shares with ₹1,35,000. |
| What is the B.R.Goyal Infrastructure IPO Allotment Date? B.R.Goyal Infrastructure IPO allotment date is 10 January 2025. |
| What is the B.R.Goyal Infrastructure IPO Listing Date? B.R.Goyal Infrastructure IPO listing date is 14 January 2025. The IPO is to be listed on BSE SME. |
