The market is full of IPOs right now, and another one is coming soon. On January 7, 2025, B.R. Goyal Infrastructure Limited is launching its IPO. The shares have a face value of ₹10, and the price range is set between ₹128 and ₹135 per share.
This is a fresh issue, and no offer for sale is there. Retail investors can buy in a lot size of 1,000 shares. The IPO will follow a book-building process and will be listed on the BSE SME platform. In total, 63,12,000 shares will be offered, through which the company will raise around ₹85.21 crore.
Key Highlights of the Issue
| Category | Detail | Information |
|---|---|---|
| Key Dates | IPO Date | 7 January, 2025 to 9 January, 2025 |
| Pricing Information | Face Value | ₹10 per share |
| Price Band | ₹128 to ₹135 per share | |
| Offer Structure | Total Issue Size | 63,12,000 shares (₹85.21 Cr) |
| Fresh Issue | 63,12,000 shares (₹85.21 Cr) | |
| Investor Details | Lot Size | 1,000 Shares |
| Issue Type | Book Built Issue | |
| Listing At | BSE SME | |
| Market Maker Portion | Market Maker Portion | 3,16,000 shares |
Important Dates of the Offer
7 January, 2025 (Tuesday)
9 January, 2025 (Thursday)
10 January, 2025 (Friday)
13 January, 2025 (Monday)
13 January, 2025 (Monday)
14 January, 2025 (Tuesday)
What is GMP of BR Goyal Infrastructure Ltd IPO today?
As of January 13, 2025, the Grey Market Premium (GMP) for the BR Goyal Infrastructure Ltd public offer is ₹22. This indicates that the shares are expected to list at approximately ₹157 per share.
Note: GMP is an unofficial indicator and is based on market speculation; it does not guarantee actual listing performance.
Company Financial Data
| Particulars | 31 Jul 2024 (₹ Lakhs) | FY 2024 (₹ Lakhs) | FY 2023 (₹ Lakhs) | FY 2022 (₹ Lakhs) |
|---|---|---|---|---|
| Assets | 26,999.85 | 23,948.52 | 19,725.84 | 20,338.54 |
| Revenue | 15,686.45 | 59,619.20 | 35,329.74 | 22,863.32 |
| Total Expenses | 15,418.17 | 56,753.90 | 33,104.54 | 21,850.70 |
| Profit After Tax | 194.46 | 2,188.91 | 1,733.51 | 756.09 |
| Net Worth | 12,863.48 | 12,666.79 | 10,479.04 | 8,746.91 |
| Reserves and Surplus | 11,124.20 | 11,797.15 | 9,609.40 | 7,877.27 |
Let’s take a quick look at the company’s financial numbers. I think the total assets have grown nicely over the years. In FY 2022, they were ₹20,338.54 lakhs, and by FY 2024, they went up to ₹23,948.5 lakhs. That’s some steady progress!
The revenues, in my opinion, are even more impressive. They were ₹22,863.32 lakhs in FY 2022 and shot up to ₹59,619.20 lakhs in FY 2024. That’s a big jump and definitely a positive sign.
Now, while the total expenses have also increased, the exciting part is the profit. The Profit After Tax was ₹756.09 lakhs in FY 2022, and by FY 2024, it’s almost three times higher at ₹2,188.91 lakhs.
Overall, I’d say the company’s financials look pretty solid!
Company's Key Performance Indicator
| Key Performance Indicator | Value |
|---|---|
| Return on Equity (ROE) | 18.91% |
| Return on Capital Employed (ROCE) | 19.72% |
| Debt/Equity | 0.50 |
| Return on Net Worth (RoNW) | 18.91% |
| PAT Margin | 3.72 |
| Price to Book Value | * |
Net Cash Flow Overview
| Particulars | July 31, 2024 (₹ Lakhs) | FY 2024 (₹ Lakhs) | FY 2023 (₹ Lakhs) | FY 2022 (₹ Lakhs) |
|---|---|---|---|---|
| Net cash from operating activities | -1,445.41 | 1,213.61 | 2,219.63 | 2,036.97 |
| Net cash from investing activities | -226.67 | -1,305.65 | 261.34 | -51.10 |
| Net cash used in financing activities | 1,162.82 | 121.33 | -1,934.78 | -1,052.17 |
Lot Size and Application Amount
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail Investor (Minimum) | 1 | 1,000 | ₹1,35,000 |
| Retail Investor (Maximum) | 1 | 1,000 | ₹1,35,000 |
| HNI Investor (Minimum) | 2 | 2,000 | ₹2,70,000 |
Investor Category-Wise Reservation
| Investor Category | Reservation |
|---|---|
| Shares Reserved for QIB | 50% of the Net Offer |
| Shares Reserved for Retail Investors | 35% of the Net Offer |
| Shares Reserved for Non-Institutional Investors | 15% of the Net Offer |
State wise Revenue Distribution
| Geographical Areas | July 31, 2024 (₹ Lakhs) | FY 2024 (₹ Lakhs) | FY 2023 (₹ Lakhs) | FY 2022 (₹ Lakhs) |
|---|---|---|---|---|
| Domestic Sales | 15,550.75 | 58,875.91 | 34,622.29 | 22,488.26 |
| Gujarat | 668.56 | 2,455.09 | 493.91 | - |
| Manipur | 2,095.04 | 4,897.39 | 6,246.53 | 739.54 |
| Maharashtra | 1,216.35 | 6,068.95 | 4,288.51 | 11,272.30 |
| Rajasthan | 13.35 | 49.38 | 33.57 | 45.49 |
| Mizoram | 1,899.64 | 14,695.54 | 7,052.46 | 1,082.37 |
| Madhya Pradesh | 6,286.42 | 24,643.63 | 16,507.31 | 9,348.56 |
| Haryana | 2,248.94 | 3,527.38 | - | - |
| Punjab | 1,043.37 | 1,969.82 | - | - |
| Uttar Pradesh | 79.08 | 568.72 | - | - |
| Exports | - | - | - | - |
| Total | 15,550.75 | 58,875.91 | 34,622.29 | 22,488.26 |
Government vs Non-Government Revenue Breakdown
| Products/Services | July 31, 2024 (₹ Lakhs) | FY 2024 (₹ Lakhs) | FY 2023 (₹ Lakhs) | FY 2022 (₹ Lakhs) |
|---|---|---|---|---|
| Government | 12,094.25 | 53,081.09 | 26,285.68 | 12,157.36 |
| Non-Government | 2,640.51 | 4,799.53 | 8,244.10 | 8,681.88 |
| Total | 14,734.76 | 57,880.62 | 34,529.78 | 20,839.24 |
Peer Comparison: EPS, PE Ratio, and Face Value
| Company Name | EPS Basic (₹) | P/E Ratio | Face Value (₹) |
|---|---|---|---|
| B.R. Goyal Infrastructure Limited | 12.57 | * | 10.00 |
| Udayshivkumar Infra Limited | 5.54 | 13.53 | 10.00 |
| Teerth Gopicon Limited | 18.49 | 27.96 | 10.00 |
Key Objectives of the Issue
The fund collected through this Issue will be utilized for the following purposes.
- For Capital Expenditure Needs.
- For Working Capital Requirements.
- For Expenditure in inorganic growth through acquisitions and other strategic moves.
Final Words
The company has a strong presence in the infrastructure development sector. Its track record in successfully completing complex projects is also good. The financial data of the company also looks promising. It also has a skilled management team to steer it in the right direction.
But the company does have some weaknesses. For instance, it relies heavily on a few select clients for its revenue. On top of that, the industry it operates in is highly competitive, which puts a big pressure on its profit margins.
Additionally, the company has to deal with policy changes and shifts in regulations, which can impact its operations. So, before investing in this IPO, it’s important for investors to consider all these factors carefully and make an informed decision.
Commonly Asked Questions
1. When does the B.R. Goyal Infrastructure Limited IPO open and close?
The IPO opens on January 7, 2025, and closes on January 9, 2025.
2. What is the face value of each share in this Issue?
The face value of each share is ₹10.
3. What is the price band for the B.R. Goyal Infrastructure Limited Public Offer?
The price band is ₹128 to ₹135 per share.
4. What is the minimum lot size for retail investors?
Retail investors can bid for a minimum lot size of 1,000 shares.
5. What is the total issue size of the B.R. Goyal Infrastructure Limited Public Offering?
The total issue size is 63,12,000 shares, aggregating up to ₹85.21 Cr.
6. What type of issue is the B.R. Goyal Infrastructure Limited Issue?
It is a Book Built Issue.
7. Where will the shares of B.R. Goyal Infrastructure Limited be listed?
The shares will be listed on BSE SME.
8. What are the main objectives of the B.R. Goyal Infrastructure Limited Public Offer?
The funds raised will be utilized for:
- Funding Working Capital Requirements
- General Corporate Purposes
- Inorganic Growth through Acquisitions & Strategic Initiatives
9. Who is the registrar for this IPO?
The registrar is Link Intime India Private Ltd.
10. Who is the lead manager for this Issue?
The lead manager is Beeline Capital Advisors Pvt. Ltd.
11. What is the market maker portion for this Issue?
The market maker portion is 3,16,000 sha
It is always beneficial to read Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) carefully to better understand its financials and growth opportunities before making a decision.
Looking for more such reviews? Check out our IPO Dashboard for recent posts on other Main-board IPO & SME IPOs for the latest market updates.
Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the BR Goyal Infrastructure Ltd Public Offer, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an public offering or any other securities to make sure that it suits your financial plans and risk tolerance.
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