B.R.Goyal IPO Subscription Status

B.R.Goyal's initial public offering (IPO) has received strong investor interest over the three-day period. The IPO witnessed steady growth in demand, with subscription rates progressing from 1.55 times on day one, to 9.51 times on day two, and reaching an impressive 19.47 times by 11:14:10 AM on the final day.

B.R.Goyal IPO opened on 7th January 2025 and has seen solid participation across categories. The Retail Investors segment has shown exceptional interest, reaching 26.35 times subscription, while Non-Institutional Investors achieved notable subscription at 24.76 times. The QIB portion stands at 4.05 times, while the Employee portion reached 0.79 times.

This robust response comes amid positive sentiment in the Indian stock market, particularly towards companies in the infrastructure and construction sector. Being listed on BSE SME platform, the issue has attracted significant attention from retail investors.
 

Subscription Status of B.R.Goyal IPO:

*As of 11:14:10 AM

Here are the subscription details for B.R.Goyal IPO as of Day 3 (9th January 2025, 11:14:10 AM):

Note:
 

"Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
The portions of anchor investors and market maker are not included in the total shares offered.

Key Highlights B.R.Goyal IPO - Day 3 Subscription

• Overall subscription reached significant 19.47 times on the final day
• Retail investors showing strong response at 26.35 times subscription
• Non-Institutional Investors achieved remarkable 24.76 times subscription
• QIB portion improved to 4.05 times
• Employee portion at 0.79 times
• Total bids worth ₹1,106.37 crores received
• Applications reached 68,510 showing strong retail interest
• Market response indicating robust demand
• Final day demonstrating solid investor confidence

B.R.Goyal IPO - Day 2 Subscription at 9.51 Times

Key Highlights

• Overall subscription grew significantly to 9.51 times
• Retail investors showed strong growth to 13.44 times
• Non-institutional investors progressed to 8.01 times
• QIB portion improved to 4.04 times
• Employee portion reached 0.74 times
• Day two witnessed accelerated momentum
• Market response indicating growing confidence
• Subscription trend showing strong momentum
• All segments demonstrated substantial growth

B.R.Goyal IPO - Day 1 Subscription at 1.55 Times

Key Highlights:

• Overall subscription opened at 1.55 times
• Retail investors began at 2.72 times
• Non-institutional investors showed interest at 0.93 times
• QIB portion awaiting participation
• Employee portion at 0.29 times
• Opening day demonstrated steady response
• Market confidence building in retail segment
• Initial momentum indicating gradual interest
• Day one subscription met expectations

About B.R.Goyal Infrastructure Limited

Incorporated in 2005, B.R.Goyal Infrastructure Limited has established itself as a significant player in infrastructure construction, specializing in roads, highways, bridges, and buildings. The company combines integrated EPC capabilities with a strong design and engineering team, supported by their own RMC unit in Indore with an installed capacity of 1.80 Lakh cubic meters per annum.

The company operates across five main business segments: Engineering Procurement Construction (EPC) services, Ready Mix Concrete (RMC) manufacturing, Wind power generation through their 1.25 MW windmill in Jaisalmer, Toll Collection Contract (TCC), and Residential Plotting Projects. Their operations span multiple states including Madhya Pradesh, Maharashtra, Gujarat, Mizoram, Manipur, and Uttar Pradesh.

Their financial performance shows steady growth, with revenue of ₹156.86 crores and profit after tax of ₹1.94 crores for the period ended July 31, 2024. As of September 30, 2024, the company maintains a strong workforce of 402 permanent employees and 212 employees at TCCs, supported by over 199 construction equipment and vehicles.
 

Highlights of the B.R.Goyal IPO:

• IPO type: Book Built Issue SME IPO
• IPO size: ₹85.21 crores
• Fresh Issue: 63.12 lakh shares
• Face value: ₹10 per share
• Price band: ₹128 to ₹135 per share
• Lot size: 1,000 shares
• Minimum investment for retail investors: ₹1,35,000
• Minimum investment for HNI: ₹2,70,000 (2 lots)
• Market maker reservation: 3,16,000 shares
• Listing at: BSE SME
• IPO opens: 7th January 2025
• IPO closes: 9th January 2025
• Allotment date: 10th January 2025
• Refund initiation: 13th January 2025
• Credit of shares: 13th January 2025
• Listing date: 14th January 2025
• Lead Manager: Beeline Capital Advisors Pvt Ltd
• Registrar: Link Intime India Private Ltd
• Market Maker: Spread X Securities Private Limited