Goel Construction Co.Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,770,400 (46%) | — | ₹4,656 Cr |
| NII (HNI) | — | 532,800 (14%) | — | ₹1,401 Cr |
| Retail | — | 1,240,800 (33%) | — | ₹3,263 Cr |
| Market Maker | — | 190,400 (5%) | — | ₹50 Cr |
| Σ Total | — | 3,808,000 (100%) | — | ₹100,150 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 | 400 | ₹105,200 |
| Retail (Max) | 13 | 5,200 | ₹1,367,600 |
| S-HNI (Min) | 14 | 5,600 | ₹1,472,800 |
| B-HNI (Min) | 67 | 26,800 | ₹7,048,400 |
Financial Statements Amount in Crore
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 594 | 389 | 273 |
| EBITDA | 58 | 36 | 23 |
| Profit After Tax | 38 | 23 | 14 |
| Net Worth | 132 | 93 | 71 |
| Total Assets | 265 | 220 | 205 |
| Reserves & Surplus | 120 | 92 | 70 |
| Total Borrowing | 29 | 31 | 29 |
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
- 1 Capital expenditure towards purchase of additional equipments and fleets – 41.74
- 2 Repayment / prepayment of certain outstanding borrowings availed by the company – 23.05
- 3 General corporate purposes – 9.73
Company Overview
Goel Construction Company Limited (GCCL), incorporated in 1997, is a construction and infrastructure company with a strong presence across multiple sectors. The company is engaged in civil and structural works, with expertise spanning cement plants, dairies, hospitals, steel, power plants, pharmaceuticals, and institutional projects.
GCCL’s primary focus and core strength lie in the construction of cement plants, power plants, dairy plants, and other industrial facilities, where it has established a reputation for reliability and timely delivery.
Since inception, the company has executed and delivered 19 projects with an aggregate contract value of ₹1,13,499.37 lakhs across several states in India. As of June 30, 2025, GCCL is executing 14 ongoing projects across eight states, supported by an order book of ₹59,660.28 lakhs, which provides strong revenue visibility.
The company has successfully expanded its geographical footprint to cover Rajasthan, Andhra Pradesh, Haryana, Gujarat, Chhattisgarh, Jharkhand, Madhya Pradesh, Odisha, Punjab, Maharashtra, Karnataka, and Uttar Pradesh, reflecting its capability to undertake projects pan-India.
To ensure efficient project execution, GCCL maintains a fleet of 202 equipment and machinery, including boom placers, transit millers, excavators, tipper trucks, compactors, rollers, tower cranes, backhoe loaders, batching plants, hydra cranes, and more. The company’s asset base enables it to deliver projects within strict timelines while optimizing costs.
As of June 30, 2025, GCCL employed 1,191 permanent staff members, including engineers, technical professionals, and project management specialists, strengthening its execution capabilities.
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.