- Issue price
- ₹263per share
- Issue size
- ₹100.08 Cr38,08,000 shares
- Face value
- ₹10per equity share
- Lot size
- 400 sharesMin. ₹1.05 L at the upper price
- Anchor biddingMon, 2025
- OpensTue, 2025
- ClosesThu, 2025
- AllotmentMon, 2025
- ListingWed, 2025
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- 30,84,400 shares (₹81.05 Cr)
- Offer for sale
- 7,23,600 shares (₹19.03 Cr)
- Total issue
- 38,08,000 shares (₹100.08 Cr)
- Market maker portion
- 1,90,400 shares
- Face value
- ₹10
- Listing at
- BSE SME
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail32.6%
- Anchor27.9%
- QIB ex-anchor18.6%
- Small NII9.3%
- Big NII4.7%
- Employees1.9%
- Market maker5.0%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 12,40,800 | 34.30% | 35% |
| Non-institutional investors (NII) | 5,32,800 | 14.73% | 15% |
| Small NII (₹2–10 lakh) | 3,55,200 | 9.82% | — |
| Big NII (above ₹10 lakh) | 1,77,600 | 4.91% | — |
| Qualified institutional buyers (QIB) | 17,70,400 | 48.94% | 50% |
| QIB, excluding anchor | 7,08,400 | 19.58% | — |
| Anchor investors | 10,62,000 | 29.36% | — |
| Employees | 73,600 | 2.03% | — |
| Market maker | 1,90,400 | — | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹263 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 2 | 800 | ₹2.1 L |
| Small NII (₹2–10 lakh) | 3 | 1,200 | ₹3.16 L |
Source: ProspectusUpdated
Special quotas
- Employees
- ₹10 discount per share
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2024-25, pre-issue- EPS (basic)
- ₹33.72
- EPS (diluted)
- ₹33.72
- P/E (FY 2024-25 at cap price)
- 7.80×
- RoNW
- 34.09%
- ROCE
- 33.69%
- NAV per share
- ₹115.78
- NAV per share (At cap price)
- ₹147.21
- Debt to equity
- 0.22
- EBITDA margin
- 9.81%
- PAT margin
- 6.50%
Source: ProspectusUpdated
Financials
Standalone, restated · ₹ crore| Period ended | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|
| Revenue from operations | 589.98 | 386.06 | 270.73 |
| Total income | 594.34 | 388.79 | 272.94 |
| EBITDA | 57.91 | 36.29 | 23.41 |
| Profit after tax | 38.32 | 22.64 | 14.30 |
| Net worth | 131.59 | 93.27 | 70.62 |
| Reserves and surplus | 120.22 | 92.23 | 69.59 |
| Total assets | 265.09 | 219.51 | 205.04 |
| Total borrowing | 28.71 | 30.51 | 28.51 |
FY 2024-25 vs FY 2023-24: revenue +52.8%, profit after tax +69.2%.
Source: ProspectusUpdated
About the company
The company is a construction contractor focused on building industrial plants such as cement, power and dairy plants, along with infrastructure projects. It executes projects across several Indian states and reports an order book of its ongoing contracts.
- Incorporated
- 1997
- Industry
- Construction
- CIN
- U45201RJ1997PLC013937
- Website
- goelconstruction.co.in
Source: ProspectusUpdated
Promoters and shareholders
| Name | Before issue | After issue | Shares offered |
|---|---|---|---|
| Mr. Purushottam Dass Goel | 35.84% | 37.07% | 1,28,000 |
| Mr. Arun Kumar Goel | 12.99% | 12.85% | 1,08,800 |
| Mr. Naresh Kumar Goel | 7.30% | 7.32% | 50,400 |
| Mr. Amit Goel | 6.74% | 5.08% | 2,24,800 |
| Mr. Ashwani Goel | 5.18% | 5.18% | 37,200 |
| Mr. Prem Goel | 4.84% | 4.84% | 35,200 |
| Mr. Anuj Goel | 4.41% | 4.29% | 45,600 |
| Mr. Vijay Kumar Goel | 3.46% | 3.47% | 24,800 |
| Ms. Gargi Goel | 3.37% | 3.26% | 36,400 |
| Mrs. Nirmala Goel | 2.15% | 2.09% | 22,000 |
| Mrs. Kusum Goel | 1.45% | 1.45% | 10,400 |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Purchase of additional construction equipment and fleet | 41.74 |
| Repayment or prepayment of certain outstanding borrowings | 23.05 |
| General corporate purposes | 9.73 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Goel Construction Company LimitedIssuer | ₹33.72 | 7.80× | 34.09% | ₹115.78 |
| Power Mech Projects Limited | ₹95.05 | 33.03× | 14.27% | ₹665.9 |
| Suntech Infra Solutions Limited | ₹7.98 | 8.77× | 24.05% | ₹32.74 |
| Ahluwalia Contracts (India) Limited | ₹30.08 | 31.52× | 11.19% | ₹268.71 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Experience of about 25 years in industrial plant construction, notably cement, power and dairy plants.
- Order book of ₹59,660.28 lakhs as on June 30, 2025 gives revenue visibility.
- Revenue and profit have grown steadily over FY 2023 to FY 2025.
- Own equipment and fleet base supports project execution capacity.
- Long-standing relationships with repeat clients.
Risks
- Execution of ongoing projects may be delayed or cancelled for reasons beyond the company's control.
- Order book may not convert fully into revenue or profit.
- A large share of revenue comes from a limited number of clients.
- Order book is concentrated in cement, power and dairy plant segments.
- Offer price is 26.3 times face value and there has been no prior public market for the shares.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹263) appear here after the shares list on BSE SME.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Goel Construction Company IPO open and close?
According to the Prospectus, the issue opens on Tuesday, 2 September 2025 and closes on Thursday, 4 September 2025. These dates are tentative.
What is the Goel Construction Company IPO price band?
The final issue price is ₹263 per share.
What is the lot size of the Goel Construction Company IPO?
One lot is 400 shares, which is ₹1.05 L at ₹263 per share.
Where will Goel Construction Company shares list?
On BSE SME. The tentative listing date is Wednesday, 10 September 2025.
Who is the registrar of the issue?
MUFG Intime India Private Limited (SEBI registration INR000004058). Allotment status is checked on the registrar's website.
How do I check the Goel Construction Company IPO allotment status?
The basis of allotment is expected to be finalised on Monday, 8 September 2025. After that, search by PAN, application number or DP/client ID on the registrar's website (MUFG Intime India Private Limited) or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹41.74 Cr for purchase of additional construction equipment and fleet, ₹23.05 Cr for repayment or prepayment of certain outstanding borrowings, ₹9.73 Cr for general corporate purposes.
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