IPO Corner: B.R. Goyal Infrastructure Limited

B.R. Goyal Infrastructure Limited, a leading name in road construction and infrastructure projects, is set to launch its Initial Public Offering (IPO) on January 07, 2025, aiming to raise ₹ 85.21 crore. The IPO consists of 63,12,000 equity shares with a face value of ₹ 10 each, priced within a band of ₹ 128 to ₹ 135 per share. The issue will be listed on the BSE SME platform.

Key IPO Details:

• Total Issue Size: 63,12,000 equity shares of ₹ 10 each
• IPO Size: ₹ 85.21 crore
• Price Band: ₹ 128- ₹ 135 per share
• Lot Size: 1,000 equity shares per lot
• Anchor Bidding: Opens on January 06, 2025
• Issue Opens: January 07, 2025
• Issue Closes: January 09, 2025

Equity Share Allocation:

• Employees: Up to 38,000 equity shares
• Qualified Institutional Buyers (QIB): Up to 29,78,000 equity shares (including anchor portion)
• Non-Institutional Investors: Minimum of 8,94,000 equity shares
• Retail Individual Investors: Minimum of 20,86,000 equity shares
• Market Maker: Up to 3,16,000 equity shares

The IPO proceeds will be strategically allocated to fund capital expenditure, working capital requirements, acquisitions, and other corporate purposes.

Strong Legacy and Expansion Plans

B.R. Goyal Infrastructure Limited has built a robust portfolio, excelling in the construction of asphaltic and concrete roads, bridges, buildings, and civil works. The company’s operations span multiple states, including Madhya Pradesh, Maharashtra, Gujarat, Mizoram, Manipur, Haryana, and Uttar Pradesh. Additionally, B.R. Goyal has diversified into wind power generation, Ready-Mix Concrete (RMC) manufacturing, and toll collection contracts (TCC).

In FY24, the company recorded impressive financials, achieving:

• Revenue: ₹ 58,875.91 lakhs
• EBITDA: ₹ 3,245.58 lakhs
• PAT (Profit After Tax): ₹ 2,187.75 lakhs

As of July 2024, the company reported:

• Revenue: ₹ 15,550.74 lakhs
• EBITDA: ₹ 535.65 lakhs
• PAT: ₹ 196.68 lakhs

Leadership Insight

Chairman & Managing Director Mr. Brij Kishore Goyal expressed confidence in the company’s future, stating:
“Our IPO marks a pivotal moment in our journey. With our proven track record and a strong reputation for timely project delivery, this funding will empower us to expand further and pursue strategic acquisitions. We are excited to unlock new growth opportunities that will strengthen our position in the infrastructure sector.”

IPO Advisors and Registrars

The Book Running Lead Manager for the issue is Beeline Capital Advisors Private Limited, and the Registrar to the issue is Link Intime India Private Limited.

With its diversified service portfolio and commitment to timely, high-quality project delivery, B.R. Goyal Infrastructure Limited aims to emerge as a significant player in India’s infrastructure sector post-IPO.