B.R.Goyal infrastructure Limited - IPO
SMEB.R.Goyal infrastructure Stock Price
B.R.Goyal infrastructure IPO Details
B.R.Goyal infrastructure IPO Subscription
B.R.Goyal infrastructure IPO Application Wise Breakup
B.R.Goyal infrastructure IPO Dates
- 07 Jan 2025Opening dateOPD
- 09 Jan 2025Closing dateCOD
- 10 Jan 2025Basis of AllotmentBOA
- 13 Jan 2025Initiation of RefundsIOR
- 13 Jan 2025Credit of SharesCOS
- 14 Jan 2025Listing dateLID
B.R.Goyal infrastructure IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 1000 | ₹135,000 |
| Retain Maximum | 1 | 1000 | ₹135,000 |
| HNI Minimum | 2 | 2000 | ₹270,000 |
B.R.Goyal infrastructure IPO Reservation
Promoter Holding
B.R.Goyal infrastructure IPO Valuations
B.R.Goyal infrastructure Limited Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 23,948.52 | 19,725.84 | 20,338.54 | |||||||||||||||||||||||||||
| Revenue | 59,619.2 | 35,329.74 | 22,863.32 | |||||||||||||||||||||||||||
| Profit After Tax | 2,188.91 | 1,733.51 | 756.09 | |||||||||||||||||||||||||||
| Net Worth | 12,666.79 | 10,479.04 | 8,746.91 | |||||||||||||||||||||||||||
| Reserves and Surplus | 11,797.15 | 9,609.4 | 7,877.27 | |||||||||||||||||||||||||||
| Total Borrowing | 4,947.28 | 4,163.54 | 5,340.28 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
About B.R.Goyal infrastructure IPO
Incorporated in 2005, B.R.Goyal Infrastructure Limited is engaged in the business of construction of infrastructure projects such as roads, highways, bridges and buildings.
The company has established an integrated EPC and construction business, supported by a design and engineering team and RMC unit. The RMC unit, located in Indore, has an installed capacity of 1.80 Lakh cubic meters per annum. As of July 1, 2024, the company operates with over 192 construction equipment and vehicles.
The company entered the wind energy business by installing a 1.25 MW wind power turbine in Jaisalmer, Rajasthan, commissioned in 2005.
The company has successfully executed projects across Madhya Pradesh and is currently executing road construction projects in Maharashtra, Gujarat, Mizoram, Manipur, and Uttar Pradesh after expanding operations.
Business is divided into 5 categories:
- Engineering Procurement Construction (EPC) services: Roads and Highways,Building and other Civil Construction
- Ready Mix Concrete (RMC) manufacturing: Ready Mixed Concrete (RMC) is produced using computer-controlled operations, ensuring minimal environmental impact in sensitive areas.
- Wind power generation: The company owns a 1.25 MW windmill in Jaisalmer, generating revenue and units as follows: 2024 (49.38 INR, 14.70 Lakh KWh), 2023 (33.57 INR, 10.64 Lakh KWh), 2022 (45.49 INR, 13.85 Lakh KWh).
- Toll Collection Contract (TCC): TCC projects are spread across Madhya Pradesh, Maharashtra, Gujarat, Punjab, Haryana, Uttar Pradesh, Mizoram and Manipur.
- Residential Plotting Projects: The company recently launched 2 residential plotting projects named as BRG Hill View - II and BRG Hill View II Extension at Village Sanawadiya, Indore.
Competitive Strengths:
- Established roads and highways sector focused construction developer
- Efficient business model
- Strong Order Book with growing project portfolio.
- Technology enabled project management capabilities
- Project management
- Equipment ownership
- Strong Workforce
- Experienced management team
Strength Of B.R.Goyal infrastructure IPO
1. Established roads and highways sector focused construction developer.
2. Efficient business model.
3. Strong Order Book with growing project portfolio.
4. Technology enabled project management capabilities.
5. Project management.
6. Equipment ownership.
7. Strong Workforce.
8. Experienced management team.
9. Strong Credit Rating.
Risk Of B.R.Goyal infrastructure IPO
1. All projects we operate have been awarded primarily through competitive bidding process. Our bids may not always be accepted. We may not be able to qualify for, compete and win projects, which could adversely affect our business and results of operations.
2. Our EPC business is a major source of our revenue and our financial condition would be materially and adversely affected if we fail to obtain new contracts.
3. Our business is substantially dependent on our key customers from whom we derive a significant portion of our revenues. The loss of any significant clients may have a material and adverse effect on our business and results of operations.
4. Delays in the completion of construction of current and future projects could lead to termination of the EPC agreements or cost overruns, which could have an adverse effect on our cash flows, business, results of operations and financial condition.
5. Our actual cost in executing an EPC contract may vary substantially from the assumptions underlying our bid. We may be unable to recover all or some of the additional expenses, which may have a material adverse effect on our results of operations, cash flows and financial condition.
6. Due to the nature of our contracts, we may be subjected to claim and counter-claims to and from the government authorities, any adverse outcome of any such claim or counter claim may have an adverse effect on our profitability.
7. Our Restated Financial Statements are prepared and signed by the Peer Review Auditor who is not Statutory Auditors of our Company as required under the provisions of ICDR.
8. We depend on forming joint ventures to qualify for the bidding process for and to implement large projects and our inability to enter into or successfully manage such joint ventures could impose additional financial and performance obligations resulting in reduced profits or in some cases, significant losses from the joint venture, which could have a material adverse effect on our business, financial condition and results of operation.
9. Our business is subject to seasonal and other fluctuations that may affect our cash flows and business operations.
10. Accuracy in estimation, calculation while bidding the tender is of prime importance.
Objectives B.R.Goyal infrastructure IPO
- Funding capital expenditure requirement of the company
- Funding Working Capital Requirement of the Company
- Funding expenditure for inorganic growth through acquisitions & other strategic initiatives and General Corporate Purposes
Company Contact Details
B.R.Goyal Infrastructure Limited
3-A
Agrawal Nagar,
Indore 452001,
Phone: +91-731 2403831
Email: cs@brginfra.in
Website: http://www.brginfra.com/
Registrar Contact Details
Lead Mangers
Beeline Capital Advisors Pvt Ltd
Market Maker
Spread X Securities