Goel Construction Company came to market through an SME IPO that opened on 2 September 2025 and closed on 4 September 2025, and the shares listed on 9 September 2025 on BSE SME. The price band was ₹250 to ₹263 per share and one lot was 400 shares, so the minimum application was ₹1,05,200. The issue size was ₹100.15 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
MUFG Intime India Pvt Ltd was the registrar to the issue, and Srujan Alpha Capital Advisors LLP was the lead manager.
As of 4 September 2025.
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Goel Construction Company Limited (GCCL), established in 1997, is a construction and infrastructure industry player with strong presence in various sectors. The company undertakes civil and structural activities, with experience in the fields of cement plants, dairies, hospitals, steel, power plants, pharmaceuticals, and institutional projects.
The core competence and main business of GCCL is the construction of cement plants, power plants, dairy plants, and other industrial projects, where it has built a reputation for dependability and punctuality.Since commencement, the company has completed and commissioned 19 projects with a total contract value of ₹1,13,499.37 lakhs in various states in India.
As on June 30, 2025, GCCL is currently working on 14 ongoing projects spread over eight states, backed by an order book worth ₹59,660.28 lakhs, which gives good revenue visibility.
The firm has been able to broaden its geographical reach to include Rajasthan, Andhra Pradesh, Haryana, Gujarat, Chhattisgarh, Jharkhand, Madhya Pradesh, Odisha, Punjab, Maharashtra, Karnataka, and Uttar Pradesh, indicating its ability to execute projects pan-India.In order to achieve effective project implementation, GCCL operates a fleet of 202 equipments and machineries consisting of boom placers, transit millers, excavators, tipper trucks, compactors, rollers, tower cranes, backhoe loaders, batching plants, hydra cranes, and others.
The asset base of the company supports it in completing projects under tight deadlines while minimizing costs. As of June 30, 2025, GCCL had 1,191 permanent employees, such as engineers, technical experts, and project management professionals, which enhanced its execution skills.
As described in the offer document.
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Mr. Purushottam Dass Goel, Mr. Arun Kumar Goel, Mr. Naresh Kumar Goel, Mr. Ratan Kumar Goel, Mr. Amit Goel, Mr. Anuj Goel, Mr. Ashwani Goel, Mr. Chinmay Goel, Mr. Mohak Goel, Mrs. Soni Goel, Mrs. Isha Goel, Mrs. Nirmala Goel, Mrs. Suman Goel.
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.
Goel Construction Company IPO was a ₹100.15 crore book-built issue, comprising a fresh issue of ₹81.11 crore and an offer for sale of ₹19.04 crore. It was priced at ₹250–₹263 per share with a lot size of 400 shares; the minimum retail application was 800 shares (₹2,10,400). The IPO was open from September 2 to September 4, 2025 and was subscribed 124.22x.
Shares listed on BSE SME on September 9, 2025 at ₹302.50, a 15.0% premium to the issue price of ₹263. MUFG Intime India Pvt Ltd is the registrar. Srujan Alpha Capital Advisors LLP is the book running lead manager.
The price band of Goel Construction Company IPO is ₹250 to ₹263 per share.
The lot size of Goel Construction Company IPO is 400 shares.
The minimum investment for Goel Construction Company IPO is approximately ₹2,10,400 based on the upper price band.
The allotment date of Goel Construction Company IPO is Sep 5, 2025.
Goel Construction Company IPO's final recorded GMP before listing was ₹47 per share (a 18% premium over the ₹263 upper price band). The shares listed at ₹302.5. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Goel Construction Company IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Goel Construction Company IPO allotment status on Rupix for quick and easy access.
₹250 to ₹263 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 400 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,05,200. After listing, SME shares also trade in lots rather than one share at a time.
₹1,05,200, for one lot of 400 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 2 September 2025 and closed on 4 September 2025.
The basis of allotment was published on 5 September 2025 by MUFG Intime India Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 9 September 2025 on BSE SME.
The issue size was ₹100.15 crore. The fresh issue was 30,84,000 shares (aggregating up to ₹81.11 crore). The offer for sale was 7,23,600 shares (aggregating up to ₹19.04 crore).