B.R.Goyal Infrastructure has over 35 years of expertise in providing innovative infrastructure solutions. Specializing in the construction of roads, highways, and urban developments, B.R.Goyal Infrastructure plays a crucial role in shaping the future of India’s infrastructure. Their commitment to quality, sustainability, and excellence is evident in every project they undertake.

IPO Details

B.R.Goyal Infrastructure’s Book Built Issue is valued at ₹85.21 Crores, consisting entirely of a Fresh Issue of 63.12 Lakh shares. The subscription period opens on January 07, 2025, and closes on January 09, 2025. The allotment is expected to be finalized on January 10, 2025, with a tentative listing date on January 14, 2025 on the BSE SME platform.

The price band for the IPO is set between ₹128 and ₹135 per equity share, with a market capitalization of ₹321.63 Crores at the upper price band. The lot size is 1,000 shares, meaning retail investors are required to invest a minimum of ₹1,35,000. For High-net-worth individuals (HNIs), the minimum investment is 2 lots (2,000 shares), totaling ₹2,70,000.

Subscription and Grey Market Premium

As of January 07, 2025, the Grey Market Premium (GMP) for B.R.Goyal Infrastructure is ₹35, signaling a potential listing gain of 25.93%. The GMP reflects market sentiment and demand but should be approached with caution as it does not guarantee the actual market price after listing.

Financial Performance and Key Metrics

For the period ending July 31, 2024, the company reported revenues of ₹15,686.45 Lakh, with consistent growth over the years. The EBITDA for the same period was ₹671.36 Lakh, showing strong operational efficiency. The Profit after Tax (PAT) was ₹199.32 Lakh, reflecting healthy profitability.

Key financial metrics for the company include:

• Pre-issue EPS: ₹12.58
• Post-issue EPS: ₹9.18
• Pre-issue P/E ratio: 10.73x
• Post-issue P/E ratio: 14.71x, compared to the industry P/E ratio of 21x
• ROCE (Return on Capital Employed): 21.80% for FY24
• ROE (Return on Equity): 19.09% for FY24

The company’s strong profitability ratios and good growth trajectory make this IPO an appealing option for investors.

Should You Apply for B.R.Goyal Infrastructure IPO?

Given the solid financial performance and reasonable valuation, the Grey Market Premium (GMP) of ₹35 suggests potential listing gains. The P/E ratio is lower than the industry average, making this IPO attractively priced.

For risk-tolerant investors, we recommend applying for the IPO, as it holds potential for short-term gains upon listing. However, be mindful of the inherent risks involved with any IPO investment.

The Upcoming IPOs in this week and coming weeks are Sat Kartar Shopping,Barflex Polyfilms.

The Current active IPO are   Indobell Insulation, Standard Glass Lining, Quadrant Future, Capital Infra Trust, Delta Autocorp, Avax Apparels, B R Goyal, Fabtech Technologies.

For more updates on executive appointments and other business developments, we encourage readers to explore related news and articles, including the latest on IPOs, share market updates, and financial strategies at:
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