B.R.Goyal Infrastructure Limited, a well-established player in the infrastructure construction industry, is launching its initial public offering (IPO) on January 7, 2025. The issue will close on January 9, 2025, and the shares are set to list on the BSE SME platform on January 14, 2025.

IPO Details

• Issue Size: ₹85.21 crores
  • Fresh Issue: Entirely fresh issue of 63.12 lakh shares
• Price Band: ₹128 to ₹135 per share
• Minimum Lot Size: 1,000 shares
• Retail Investment Minimum: ₹1,35,000
• HNI Minimum Investment: ₹2,70,000 (2 lots of 2,000 shares)
• IPO Registrar: Link Intime India Private Ltd
• Lead Manager: Beeline Capital Advisors Pvt Ltd
• Market Maker: Spread X Securities Private Limited
• Tentative Listing Date: January 14, 2025
• Allotment Finalization Date: January 10, 2025

About B.R.Goyal Infrastructure Limited

Incorporated in 2005, B.R.Goyal Infrastructure Limited is a renowned name in the construction sector, specializing in infrastructure projects such as roads, highways, bridges, and buildings.

Key Milestones

• Established an integrated EPC (Engineering, Procurement, and Construction) and RMC (Ready Mix Concrete) business.
• Ventured into the wind energy sector in 2005, with a 1.25 MW wind power turbine in Jaisalmer, Rajasthan.

Business Segments

1. EPC Services:

   • Construction of roads, highways, buildings, and other civil infrastructure.

2. RMC Manufacturing:

   • Ready Mix Concrete production with a 1.80 lakh cubic meters annual capacity in Indore.

3. Wind Power Generation:

   • 1.25 MW windmill generating steady revenue through power sales.

4. Toll Collection Contracts (TCC):

   • Toll management projects across multiple states, including Madhya Pradesh, Maharashtra, Gujarat, and Uttar Pradesh.

5. Residential Plotting Projects:

   • Recently launched BRG Hill View-II and its extension in Indore.

Operational Footprint

• Successfully executed projects in Madhya Pradesh and expanded operations to Maharashtra, Gujarat, Mizoram, Manipur, and Uttar Pradesh.
• As of September 30, 2024, the company owns 199 construction equipment and vehicles and employs 402 permanent staff with 212 additional staff at toll collection sites.

Competitive Strengths

• Specialization in Roads and Highways: Proven expertise in infrastructure development.
• Efficient Business Model: Integrated operations with advanced technology.
• Robust Order Book: Expanding project portfolio across multiple states.
• Equipment Ownership: Significant capital assets ensure cost-efficiency.
• Experienced Workforce: Skilled team and strong management leadership.
• Diverse Capabilities: RMC manufacturing, toll management, and wind energy generation.

Objects of the Issue

The IPO proceeds will be utilized for:

1. Capital Expenditure: Funding new equipment and technology for ongoing and future projects.
2. Working Capital: Supporting day-to-day operations and project execution.
3. Inorganic Growth: Acquisitions and strategic initiatives to expand the business.
4. General Corporate Purposes: Covering operational and administrative expenses.

Key Financial and Operational Metrics

• Wind Power Revenue:

  • July 2024: ₹13.35 lakhs (3.97 lakh KWh)
  • March 2024: ₹49.38 lakhs (14.70 lakh KWh)
  • March 2023: ₹33.57 lakhs (10.64 lakh KWh)

• RMC Manufacturing Capacity: 1.80 lakh cubic meters annually, catering to infrastructure and construction needs in Indore and beyond.

Important Dates

• Subscription Opens: January 7, 2025
• Subscription Closes: January 9, 2025
• Allotment Finalization: January 10, 2025
• Listing Date: January 14, 2025

Investment Highlights

• Growth in Infrastructure: India’s infrastructure sector is expanding rapidly, with significant government spending on roads and highways.
• Diversified Revenue Streams: B.R.Goyal’s involvement in RMC manufacturing, toll collection, and wind energy adds resilience.
• Experienced Management and Workforce: Decades of expertise in the infrastructure sector ensure robust project execution.

Conclusion

B.R.Goyal IPO offers investors an opportunity to participate in India’s booming infrastructure sector. With a strong operational foundation, diverse revenue streams, and robust project execution capabilities, the company is well-positioned for growth.

The Upcoming IPOs in this week and coming weeks are Indobell Insulation, Standard Glass Lining, Quadrant Future, Capital Infra Trust, Delta Autocorp, Avax Apparels and B R Goyal.

The Current active IPO are   Fabtech Technologies, Davin Sons and Parmeshwar Metal.