B.R. Goyal Infrastructure Ltd, a prominent player in the infrastructure and construction sector, recently concluded its Initial Public Offering (IPO) on the BSE SME platform. Here are the key details:

IPO Details:

• Issue Period: January 7 to January 9, 2025.
• Issue Size: ₹85.21 crore, comprising a fresh issue of 63.12 lakh equity shares.
• Price Band: ₹128 to ₹135 per equity share.
• Lot Size: 1,000 shares, requiring a minimum investment of ₹135,000.
• Listing Date: Expected on January 14, 2025, on the BSE SME platform.

Subscription Details:

The IPO received an overwhelming response, being oversubscribed 118.08 times. The breakdown is as follows:

• Qualified Institutional Buyers (QIBs): Subscribed 69.88 times.
• Non-Institutional Investors (NIIs): Subscribed 256.9 times.
• Retail Individual Investors (RIIs): Subscribed 88.27 times.

Allotment and Listing:

• Allotment Finalization: January 10, 2025.
• Initiation of Refunds: January 13, 2025.
• Shares Credited to Demat Accounts: By January 13, 2025.
• Listing Date: January 14, 2025.

Company Overview:

Established in 2005, B.R. Goyal Infrastructure Ltd is engaged in the construction and development of infrastructure projects, including roads, highways, bridges, and buildings. The company operates across multiple states in India, such as Madhya Pradesh, Maharashtra, Gujarat, Haryana, Uttar Pradesh, Mizoram, and Manipur. Their diversified business model encompasses Engineering, Procurement, and Construction (EPC) services, Ready-Mix Concrete (RMC) production, wind power generation, toll collection contracts, and residential plotting projects.

Financial Highlights:

• Revenue (FY 2024): ₹59,619.2 lakh.
• Profit After Tax (FY 2024): ₹2,188.91 lakh.
• Net Worth: ₹12,666.79 lakh.

Utilization of Funds:

Proceeds from the IPO are planned for:

• Funding Capital Expenditure: To support the company’s growth initiatives.
• Working Capital Requirements: To enhance operational capabilities.
• Inorganic Growth: Through acquisitions and other strategic initiatives.
• General Corporate Purposes.

For more detailed information, you may refer to the official prospectus and financial reports of B.R. Goyal Infrastructure Ltd.