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On January 07, 2025, the IPO for B.R. Goyal Infrastructure Limited opens

Rekha Prajapati January 06, 2025 02:27 PM

January 6, Mumbai (Maharashtra) [India]: B.R. Goyal Infrastructure Limited, an EPC contractor and construction service provider with expertise in road and infrastructure projects, plans to launch its initial public offering on January 7, 2025. By issuing 63,12,000 new equity shares that would be listed on the BSE SME platform, the business hopes to generate Rs 85.21 crore.

With a face value of Rs 10 per share and a price range of Rs 128 to Rs 135 per share, the issue size consists of 63,12,000 equity shares.

Allocation of Equity Shares

* Workers: Up to 38,000 Stock Shares

* The QIB portion, which includes the anchor portion, is limited to 29,78,000 equity shares.

* Investors who are not institutional—at least 8,94,000 equity shares

* Individual Retail Investors: A Minimum of 20,86,000 Equity Shares

* Market Maker: Up to 3,16,000 Shares of Equity

The IPO’s net proceeds will be used for general company objectives, working capital requirements, capital expenditure requirements, and inorganic expansion via acquisitions and other strategic activities. The issue will conclude on January 09, 2025, while the anchor bidding will begin on January 06, 2025.

Beeline Capital Advisors Private Limited is the issue’s book running lead manager, while Link Intime India Private Limited is the issue’s registrar.

“We take great pride in reflecting on our journey and accomplishments as we prepare for our IPO,” said Brij Kishore Goyal, Chairman & Managing Director of B.R. Goyal Infrastructure Limited. Our solid reputation among our customers has been largely attributed to our substantial fleet of equipment and our demonstrated track record of effective execution throughout many states.

One of the main obstacles to our expansion has been efficiently managing working cash. In addition to assisting us in overcoming this obstacle, the IPO funds will be carefully distributed among acquisitions, capital expenditures, and other growth-oriented projects. We will be able to start a revolutionary new stage of development and expansion thanks to these investments.