B.R.Goyal Infrastructure Limited is coming up with an IPO with a fresh issue of 63,12,000 shares worth INR 85.21 crores. The company aims to fund capital expenditure, working capital, acquisitions, strategic initiatives, and corporate purposes.
B.R.Goyal IPO – Important Dates
| B.R.Goyal Infrastructure Limited IPO Date | January 7, 2025 to January 9, 2025 |
| B.R.Goyal Infrastructure Limited IPO Listing Date | January 14, 2025 |
| B.R.Goyal Infrastructure Limited IPO Price | INR 128-135 per share |
| B.R.Goyal Infrastructure Limited IPO Lot Size | 1,000 Shares |
| B.R.Goyal Infrastructure Limited IPO Total Issue Size | INR 85.21 crores |
| B.R.Goyal Infrastructure Limited IPO Basis of Allotment | January 10, 2025 |
| B.R.Goyal Infrastructure Limited IPO Initiation of Refunds | January 13, 2025 |
| B.R.Goyal Infrastructure Limited IPO Credit of Shares to Demat | January 13, 2025 |
| B.R.Goyal Infrastructure Limited IPO Issue Type | Book Built Issue IPO |
| B.R.Goyal Infrastructure Limited IPO Listing At | BSE SME |
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B.R.Goyal Infrastructure IPO – Company Profile
B.R.Goyal Infrastructure Limited specialises in infrastructure construction, including roads, highways, bridges, and buildings. It provides EPC services for government projects and engages in wind power generation, Ready-Mix Concrete Manufacturing, and Toll Collection Contracts.
The business operates in civil construction services (EPC), Ready Mix Concrete manufacturing, wind power generation, Toll Collection Contracts, and residential plotting projects, offering diverse services in infrastructure development and energy.
They execute road construction projects as EPC contractors, including design, procurement, execution, and maintenance. Their in-house capabilities, skilled workforce, and equipment ensure efficient and timely delivery of projects, including complex ones like HAM projects.
B.R.Goyal Infrastructure Ltd IPO Fundamental Analysis
B.R.Goyal Infrastructure Limited’s financial analysis reveals a mixed performance. Revenue shows strong growth, while profitability, earnings per share, and return on net worth have declined. Increased debt reliance, asset growth, and liquidity challenges reflect mixed financial performance.
- Revenue Trend: The revenue increased from ₹20,839.24 lakhs in March 2022 to ₹34,529.78 lakhs in March 2023. The revenue for the current year’s 4-month period ending July 2024 is INR 14,734.50 lakhs.
- Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has increased, indicating rising reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly decreased from ₹747.98 lakhs in March 2022 to ₹199.32 lakhs by July 2024. This decline in profitability could be a source of concern among investors.
- Earnings per Share (EPS): The diluted EPS has reduced from ₹8.51 in March 2022 to ₹1.15 by July 2024, reflecting lower earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has reduced from 8.84% to 1.58%, indicating a decrease in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations.
- Inventory Turnover Ratio: There’s a significant decrease in the Inventory Turnover Ratio, which might suggest slower sales or inefficient inventory management.
B.R.Goyal IPO Financial Analysis
| Particular | As of 31 March 2023 | As of 31 March 2024 | As of 31 July 2024 |
| Revenue (₹ in lakhs) | 20,839.24 | 34,529.78 | 14,734.50 |
| Equity (₹ in lakhs) | 8,741.50 | 10,359.64 | 12,745.76 |
| Expenses (₹ in lakhs) | 20,201.10 | 33,011.31 | 14,597.07 |
| Profit and Loss After Tax (₹ in lakhs) | 747.98 | 1,618.15 | 199.32 |
| Diluted EPS only (₹) | 8.51 | 18.61 | 1.15 |
| Return on Net Worth (%) | 8.84 | 16.94 | 1.58 |
| NAV per Equity Share (₹) | 100.52 | 119.13 | 73.28 |
| Total Assets (in lakhs) | 19,784.05 | 19,519.76 | 26,327.91 |
| Total Liabilities (in lakhs) | 11,042.55 | 9,160.12 | 13,582.24 |
| Debt Equity Ratio | 0.61 | 0.39 | 0.49 |
| Current Ratio (in times) | 2.11 | 2.70 | 2.75 |
| Inventory Turnover Ratio | 4.61 | 6.56 | 2.23 |
B.R.Goyal Infrastructure IPO Peer Comparison
B.R.Goyal Infrastructure Limited, Teerth Gopicon Limited, and Udayshivkumar Infra Limited exhibit varying performance across standalone operations, with B.R.Goyal showing strong growth, while Teerth Gopicon and Udayshivkumar demonstrate moderate profitability and asset management.
| Company | Type of financial | Face Value per Equity Share (₹) | P/E Ratio | EPS (₹) | RoNW (%) | NAV per EquityShare (₹) |
| B.R.Goyal Infrastructure Limited | Standalone | 10 | – | 12.57 | 19.09 | 144.27 |
| Teerth Gopicon Limited | Standalone | 10 | 27.96 | 18.49 | 59.96 | 24.10 |
| Udayshivkumar Infra Limited | Standalone | 10 | 13.53 | 5.54 | 17.22 | 31.60 |
B.R.Goyal Infrastructure Ltd IPO Objective
The main objective of B.R.Goyal Infrastructure Ltd is to secure funding for capital expenditure and working capital requirements to support its infrastructure projects and operational growth.
- Funding capital expenditure requirement: The company intends to utilise INR 8.02 crores from the Net Issue Proceeds to invest in purchasing vehicles supporting its EPC services, based on business requirements, with no second-hand cars involved.
- To Meet Working Capital Requirement: The company plans to utilise INR 42.00 crores from the Net Proceeds of the Issue for working capital requirements, with the balance funded through borrowings and internal accruals, to support business expansion.
- General Corporate Purposes: The company will deploy the balance of funds for general corporate purposes, including meeting operating expenses, initial development costs for unidentifiable projects, strengthening business development and marketing capabilities, and addressing unforeseen exigencies.
B.R.Goyal IPO Risks And Challenges
B.R.Goyal Infrastructure Ltd’s risk includes dependence on securing new EPC projects through competitive bidding, meeting qualification criteria, and uncertainties in government tenders. Delays in project completion may lead to liquidated damages, cost overruns, and financial instability.
- The company’s growth depends on securing new EPC projects through competitive bidding. Challenges include meeting qualification criteria, partnering with other firms, and uncertainties in government tenders, which may affect business and future project awards.
- The company’s EPC business is a significant revenue source, contributing over 68% of total revenue. Growth depends on securing new contracts through competitive bidding. Uncertainty in winning contracts could materially affect operations and cash flows.
- Delays in project completion could result in liquidated damages, cost overruns, reduced revenue, and potential project terminations. Such delays may impact cash flows, operations, and financial performance, affecting overall business stability.
B.R.Goyal Infrastructure Ltd IPO – Industry & Market Potential
India’s infrastructure development, driven by initiatives like Gati Shakti and Smart Cities Mission, is crucial for achieving a US$ 26 trillion economy by 2047. Investments in transportation, power, housing, and digital services will boost growth by 11% annually.
India’s infrastructure capital investment is set to reach Rs. 11.11 lakh crore in FY25, with a growing logistics market, expanded metro network, and significant projects in railways, airports, and roads, driving economic growth.
India’s national highway network grew by 59% in the last decade, with FY23 seeing 10,331 km constructed. The government allocated Rs. 2.78 lakh crore for road transport in FY24, with further expansion expected in FY25 and beyond.
B.R.Goyal Infrastructure IPO – Type of Offer
B.R.Goyal Infrastructure Limited is coming up with an IPO with a fresh issue of 63,12,000 shares worth INR 85.21 crores. The company aims to fund capital expenditure, working capital, acquisitions, strategic initiatives, and corporate purposes.
B.R.Goyal IPO Offer Size
The offer size of B.R.Goyal Infrastructure is INR 85.21 crores, consisting of a fresh issue of 63,12,000 shares. The company aims to fund capital expenditure, working capital, acquisitions, strategic initiatives, and corporate purposes.
B.R.Goyal Infrastructure IPO Allotment Structure
B.R.Goyal Infrastructure Limited allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 3,16,000 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 3,16,000 shares, are reserved for market makers.
How to apply for B.R.Goyal Infrastructure IPO?
To apply for the B.R.Goyal Infrastructure Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the B.R.Goyal Infrastructure Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the B.R.Goyal Infrastructure Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check B.R.Goyal Infrastructure IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the B.R.Goyal Infrastructure Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the B.R.Goyal Infrastructure Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the B.R.Goyal Infrastructure Limited IPO:
● Registrar’s Website: Visit the website of Link Intime India Private Limited, the registrar of the B.R.Goyal Infrastructure Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
B.R.Goyal Infrastructure Ltd IPO Offer Registrar
The registrar for the B.R.Goyal Infrastructure Limited IPO is Link Intime India Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
LINK INTIME INDIA PRIVATE LIMITED
C 101, 247 Park, Lal Bahadur Shastri. Marg,
Vikhroli (West), Mumbai- 400083, Maharashtra, India
Tel. No.: 022 4918 6000
Email: [email protected]
Website: www.linkintime.co.in
B.R.Goyal Infrastructure Limited IPO – FAQs
1. What is the allotment date of the B.R.Goyal IPO?
The allotment date of the B.R. Goyal IPO is January 10, 2025.
2. What is the price band of the B.R.Goyal IPO?
The price band of the issue is INR 128-135 per share.
3. What is the size of the B.R.Goyal IPO?
The offer size of B.R.Goyal Infrastructure is INR 85.21 crores, consisting of a fresh issue of 63,12,000 shares. The company aims to fund capital expenditure, working capital, acquisitions, strategic initiatives, and corporate purposes.
4. What is the listing date of the B.R.Goyal IPO?
The listing date of the B.R. Goyal IPO is January 14, 2025.
5. Where is the B.R.Goyal IPO Getting Listed?
B.R.Goyal IPO is getting listed on the Bombay Stock Exchange (BSE) and the Small Medium Exchange (SME).
6. What are the open and close dates of the B.R.Goyal Infrastructure IPO?
The open and close dates of the B.R.Goyal Infrastructure are January 7, 2025 and January 9, 2025.
7. How to apply for B.R.Goyal Infrastructure Ltd IPO in Alice Blue?
To apply for the B.R.Goyal Infrastructure Limited IPO via Alice Blue, open a Demat and trading account, check IPO details on the platform, place a bid within the price band, submit the application, and check the allotment status after the process. The allotment is not guaranteed.
8. Who is the Book Runner for the B.R.Goyal IPO?
The Book Runner for the B.R.Goyal is BEELINE CAPITAL ADVISORS PRIVATE LIMITED.
