B.R.Goyal Infrastructure Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,978,000 (47%) | — | ₹4,020 Cr |
| NII (HNI) | — | 894,000 (14%) | — | ₹1,207 Cr |
| Retail | — | 2,086,000 (33%) | — | ₹2,816 Cr |
| Market Maker | — | 316,000 (5%) | — | ₹43 Cr |
| Σ Total | — | 6,312,000 (100%) | — | ₹85,212 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹135,000 |
| Retail (Max) | 13 | 13,000 | ₹1,755,000 |
| S-HNI (Min) | 14 | 14,000 | ₹1,890,000 |
| B-HNI (Min) | 67 | 67,000 | ₹9,045,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Jul 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 15,686 | 59,619 | 35,330 |
| Profit After Tax | 194 | 2,189 | 1,734 |
| Net Worth | 12,863 | 12,667 | 10,479 |
| Total Assets | 27,000 | 23,949 | 19,726 |
| Reserves & Surplus | 11,124 | 11,797 | 9,609 |
| Total Borrowing | 6,411 | 4,947 | 4,164 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects 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 –
Company Overview
Incorporated in 2005, B.R.Goyal Infrastructure Limited is engaged in the business of construction of 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.
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