B.R.Goyal Infrastructure IPO Closed
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Schedule of B.R.Goyal Infrastructure
| Issue open date | 07 Jan 2025 |
| Issue close date | 09 Jan 2025 |
| UPI mandate deadline | 09 Jan 2025 (5 PM) |
| Allotment finalization | 10 Jan 2025 |
| Refund initiation | 13 Jan 2025 |
| Share credit | 13 Jan 2025 |
| Listing date | 14 Jan 2025 |
| Mandate end date | 24 Jan 2025 |
| Lock-in end date for anchor investors (50%) | 09 Feb 2025 |
| Lock-in end date for anchor investors (remaining) | 10 Apr 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About B.R.Goyal Infrastructure
B.R. Goyal Infrastructure Limited, established in 1986, is a diversified infrastructure company specializing in civil construction services (EPC), Ready-Mix Concrete (RMC) manufacturing, wind power generation, toll collection contracts (TCC), and residential plotting projects. They execute roads, highways, bridges, and building projects across multiple states, including Madhya Pradesh, Maharashtra, Gujarat, and more. With an integrated in-house model, 199+ construction equipment, and a proven track record of quality and timely delivery, they are committed to shaping the nation’s infrastructure.
Financials of B.R.Goyal Infrastructure
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹85.21 crores |
| Fresh Issue | ₹85.21 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure | 8.02 (9.41%) |
| Working Capital Requirement | 42 (49.29%) |
| Funding for Growth Initiatives & General corporate purposes | 35.19 (41.30%) |
Strengths
- Proven track record in diverse infrastructure projects.
- Strong in-house EPC capabilities and resources.
- Diversified operations in construction, wind energy, and tolls.
- Expertise in timely, quality project delivery.
Risks
- Dependency on government contracts and payments.
- High working capital needs affecting liquidity.
- Execution risks like delays and cost overruns.
- Regulatory and compliance challenges.
Allotment Status for B.R.Goyal Infrastructure
To check your allotment status – click here.