The BR Goyal Infrastructure IPO will open on Tuesday. Check price band, GMP, other details

Madhya Pradesh-based BR Goyal Infrastructure’s SME Initial Public Offering (IPO) will open for public bidding on January 7, Tuesday. The company through fresh issue of 63.12 lakh shares at Rs. 85.21 crore is targeted to raise and its stock will be listed. BSE SME Platform on January 14.

Price band for BR Goyal Infrastructure IPO

The company has set an IPO price band of Rs. 128 to Rs. 135 per share has been fixed.

Latest GMP for BR Goyal Infrastructure IPO

Ahead of the issue, the company’s unlisted shares traded in the gray market on Friday at Rs. 21 was trading with a GMP of Rs. 135 implies a 15.6% premium to the upper end of the IPO price band.

BR Goyal Infrastructure IPO List, Allotment and Closing Date

The BRGoyal IPO will open for public subscription on January 7 and the issue will close on January 9. The allotment for the IPO is expected to be finalized on January 10. Meanwhile, the company’s shares are set to list on the BSE SME platform on January. 14.

Proceeds from IPO

The proceeds from the IPO will be used for capital expenditure, working capital requirements, inorganic growth through acquisitions and general corporate purposes.

BR Goyal Infrastructure IPO Lot Size

Investors can bid for a minimum of 1000 shares and multiples thereof. The minimum investment required for retail investors is Rs. 1.35 lakhs. The minimum lot size investment for high net worth individuals is 2 lots or 2,000 shares, amounting to Rs. 2.70 lakhs.

About BR Goyal Infrastructure

BR Goyal Infrastructure, established on August 4, 1986, is a leading player in the infrastructure sector, specializing in the construction and development of projects such as roads, highways, bridges and buildings.

The company operates in several states including Madhya Pradesh, Maharashtra, Gujarat, Punjab, Haryana, Uttar Pradesh, Mizoram and Manipur. Additionally, BR Goyal Infrastructure provides EPC services to third-party clients, providing construction solutions for roads, highways, commercial complexes, industrial parks, housing projects and HAM projects.

Finance of BR Goyal Infrastructure

By September 2024, the company’s outstanding order book stands at Rs. 873.4 crores, of which Rs. 667.5 crore worth 15 road and highway projects and Rs. Includes 9 building projects worth Rs 173.5 crore.

The EPC service provider successfully issued 1.2 lakh shares in the pre-IPO round ahead of the IPO launch at Rs. 1.5 crore was collected. Consequently, the size of the fresh issue has been reduced to 63.12 lakh shares from the earlier planned 64.32 lakh shares.

Book Running Lead Manager of IPO

Beeline Capital Advisors is the sole book running lead manager.

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