Goel Construction Company Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Goel Construction Company Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹263
Per ShareLot Size
400 Shares
Minimum Investment
₹1,05,200
Issue Size
₹99.77 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.01%
QIB Quota
49.98%
NII Quota
15.01%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Goel Construction Company Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
97.7%
Promoter Holding (Post-Issue)
71.83%
Issue Type
Book Building - SME
ISIN
INE0ZOM01013
About the Company
We are construction contractors having experience in construction of industrial plants and infrastructure projects. Our primary focus and strength has been deeply rooted in construction of Cement Plant, Power Plant and Dairy Plant and other industrial plants. Our focus is on delivering construction services, ensuring quality, timely execution and adherence to project specifications. Our understanding of industrial construction requirements of our clients, our commitment to safety, and the ability to manage complex projects, fosters long term relationship with our clients. In the last three years we have successfully executed and delivered 18 projects with an aggregate Contract Value of Rs.1,03,320.40 lakhs, across various states in India. As on February 28, 2025, we have 14 ongoing projects across seven states in India, with an Order Book of Rs.48,861.97 lakhs.
Industry Overview
The Construction sector is a key component of the Indian economy with linkages across more than 250+ sub sectors. Construction, the second largest economic activity in India (after agriculture) contributes around 9.1% to the national GDP. Further, India is poised to become the third largest construction market in the next 2-3 years on the back of stable economic growth as the real estate sector has emerged to be a critical engine in the country's growth story. The construction sector, along with the output generated from real estate services and ownership of dwellings, contributes nearly 14.3% to the economy's total output (at constant prices) in FY 2023.
Company History
Our Company, Goel Construction Company Limited ("Company" or "Issuer") was originally incorporated in the name and style of `Goel Construction Company Private Limited' under the Companies Act, 1956 with the Registrar of Companies, Jaipur, vide certificate of incorporation dated June 24, 1997. Further, the constitution of Company was changed from a Private Limited Company to a Public Limited Company and consequently the name of our Company was changed to `Goel Construction Company Limited', and a fresh certificate of incorporation dated December 20, 2024 was issued by the Registrar of Companies, Jaipur,
Products & Services
- The Company is construction contractors having experience in construction of industrial plants and infrastructure projects.
Growth Strategy
- Strengthening our Equipment and Fleet base.
- Diversify and optimise our project mix and cater to larger size projects.
- Further expand our geographical footprint.
- Capitalize on the strong industry tailwinds in the industrial construction sector.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer 38,08,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Goel Construction Company Limited (the "Company" or "Issuer") for cash at an offer price of Rs. 263 per equity share (including a share premium of Rs. 253 per equity share) ("Offer Price"), aggregating up to Rs. 100.15 crores ("the Offer") comprising a fresh issue 30,84,400 equity shares aggregating up to Rs. 81.12 crores (the "Fresh Issue") and an offer for sale 7,23,600 equity shares (the "Offered Shares") by Purushottam Dass Goel, Arun Kumar Goel, Naresh Kumar Goel, Nirmala Goel, Anuj Goel, Amit Goel, Ashwani Goel, Prem Goel, Vijay Kumar Goel, Gargi Goel and Kusum Goel ("the Selling Shareholders") aggregating up to [*] aggregating up to Rs. [*] crores ("Offer for Sale") out of which 1,90,400 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 263 per equity share for cash, aggregating Rs. 50.08 crores will be reserved for subscription by the market makers to the offer (the "Market Maker Reservation Portion") and 76,000 equity shares aggregating to Rs.[*] crores (constituting [*]% of the post-offer paid-up equity share capital of the company) will be reserved for subscription by eligible employees (the "Employee Reservation Portion"). The company, in consultation with the book running lead manager, may offer a discount of up to 4.00% (equivalent of Rs.[*] per equity share) to the offer price to eligible employees bidding under the employee the employee reservation portion ("Employee Discount"). The offer less the market makers reservation portion and employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer will constitute 26.35% and 24.51% respectively of the post-offer paid-up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Project management and execution capabilities.
- Long standing relationships with customer.
- Strong order book providing revenue visibility.
- Strong and consistent financial performance.
- Effective management of equipment and fleet.
- Our ongoing projects are exposed to various implementation risks and uncertainties and may be delayed, modified or cancelled for reasons beyond our control, which may adversely affect our business, financial condition and results of operation.
- Our Order Book may not be representative of our future results and our actual income may be significantly less than the estimates reflected in our Order Book, which could adversely affect our results of operations.
- We may not be able to compete and secure work order for projects we bid for, which could adversely affect our business and results of operations.
- We derive a significant portion of our revenues from a limited number of clients. The loss of any significant clients may have an adverse effect on our business, financial condition, results of operations, and prospects.
- We own, and rent equipment and fleet and mobilize such equipment and fleet at the beginning of each project resulting in increased fixed and operating costs to our Company. In the event we are not able to generate adequate cash flows it may have a material adverse impact on our operation.