B.R.Goyal Infrastructure came to market through an SME IPO that opened on 7 January 2025 and closed on 9 January 2025, and the shares listed on 14 January 2025 on BSE SME. The price band was ₹128 to ₹135 per share and one lot was 1000 shares, so the minimum application was ₹1,35,000. The issue size was ₹85.21 crore. The whole issue was fresh shares, so the money raised went to the company.
Link Intime India Private Ltd was the registrar to the issue, and Beeline Capital Advisors Pvt Ltd was the lead manager.
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Incorporated in the year 2005, B.R.Goyal Infrastructure Limited is involved in construction of infrastructure projects like roads, highways, bridges and buildings. It has set up an integrated EPC and construction business supported by a design and engineering team and RMC unit. The RMC unit at Indore has installed capacity of 1.80 Lakh cubic meters per annum. The company, as of September 30, 2024, has more than 199 construction equipment and vehicles in operation.
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 Manufacturing Ready Mix Concrete:
RMC manufacturing uses computerized operations, resulting in minimal environment degradation in sensitive regions. Generating electricity through Windmill: The Company has 1.25 MW wind mill installed at Jaisalmer which gives revenue and units as shown below: 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 located across Madhya Pradesh, Maharashtra, Gujarat, Punjab, Haryana, Uttar Pradesh, Mizoram and Manipur. Residential Plotting Projects: The company has recently launched 2 residential plotting projects called as BRG Hill View - II and BRG Hill View II Extension at Village Sanawadiya, Indore. The Company had, as on 30th September, 2024, 402 permanent employees and 212 employees at our TCCs.
As described in the offer document.
S. B.R. Goyal Holdings Private Limited. Promoter holding 99.31% before the issue and 73.00% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
B.R.Goyal Infrastructure IPO was a ₹85.21 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹128–₹135 per share with a lot size of 1,000 shares (₹1,35,000). The IPO was open from January 7 to January 9, 2025. Shares listed on BSE SME on January 14, 2025 at ₹135.75, a 0.6% premium to the issue price of ₹135. Link Intime India Private Ltd is the registrar.
Beeline Capital Advisors Pvt Ltd is the book running lead manager.
The price band of B.R.Goyal Infrastructure IPO is ₹128 to ₹135 per share.
The lot size of B.R.Goyal Infrastructure IPO is 1000 shares.
The minimum investment for B.R.Goyal Infrastructure IPO is approximately ₹1,35,000 based on the upper price band.
The allotment date of B.R.Goyal Infrastructure IPO is Jan 10, 2025.
B.R.Goyal Infrastructure IPO's final recorded GMP before listing was ₹13 per share (a 10% premium over the ₹135 upper price band). The shares listed at ₹135.75. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check B.R.Goyal Infrastructure IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the B.R.Goyal Infrastructure IPO allotment status on Rupix for quick and easy access.
₹128 to ₹135 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,35,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,35,000, for one lot of 1000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 7 January 2025 and closed on 9 January 2025.
The basis of allotment was published on 10 January 2025 by Link Intime India Private Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 14 January 2025 on BSE SME.
The issue size was ₹85.21 crore. The fresh issue was 63,12,000 shares (aggregating up to ₹85.21 crore).