B.R.Goyal Infrastructure Ltd
B.R. Goyal Infrastructure Limited operates in various segments of infrastructure development, ranging from civil construction to wind power generation and toll management. The company has a robust track record of delivering quality projects and has grown significantly over the years. With its upcoming IPO, the company aims to strengthen its capital base and drive further growth.
Company Overview
Key Business Areas:
- Civil Construction: Specializes in Engineering, Procurement, and Construction (EPC) for roads, highways, commercial and industrial projects, and HAM (Hybrid Annuity Model) ventures.
- Ready-Mix Concrete (RMC) Production: Operates a state-of-the-art RMC plant in Indore to supply quality materials for its projects.
- Wind Power Generation: Owns and operates a 1.25 MW wind turbine in Jaisalmer with a long-term Power Purchase Agreement.
- Toll Collection: Engages in toll management for highways.
- Residential Plotting: Undertakes development projects for residential housing.
The company is known for its strategic approach to project execution, financial stability, and diversified operations.
IPO Timeline
| Event | Date |
|---|---|
| IPO Opening Date | January 7, 2025 |
| IPO Closing Date | January 9, 2025 |
| Allotment Date | January 10, 2025 |
| Listing Date | January 14, 2025 |
Price Band and Lot Size
- Price Band: ₹128 to ₹135 per share.
- Lot Size: 1,000 shares per lot.
- Minimum Investment: ₹1,35,000 for retail investors.
- HNIs (High Net Worth Individuals): Minimum 2,000 shares (₹2,70,000 investment).
Financial Highlights
| Financial Metric | FY22 | FY24 |
|---|---|---|
| Revenue | ₹224.88 crore | ₹588.76 crore |
| EBITDA | ₹18.89 crore | ₹32.45 crore |
| Profit After Tax | ₹7.56 crore | ₹21.89 crore |
B.R. Goyal Infrastructure has displayed exceptional growth in revenue and profitability, marking a significant increase in its financial performance over the last two fiscal years.
Strengths
- Diversified Revenue Streams: Presence in multiple sectors ensures stability.
- Experienced Leadership: Strong management team with years of expertise.
- Robust Financials: A steady increase in revenue and profit margins.
Risks
- Regulatory Hurdles: Changes in government regulations may impact operations.
- Execution Delays: Challenges in meeting project timelines could affect profitability.
- Intense Competition: The infrastructure sector is highly competitive.
Anchor Investors
Details about anchor investors have not been disclosed yet.
Promoter Holding
Promoter holding information is not currently available but will likely be released closer to the listing date.
Grey Market Premium (GMP)
As of January 3, 2025, the Grey Market Premium (GMP) for B.R. Goyal Infrastructure’s IPO is ₹21, indicating a 15.6% premium over the upper price band.
Final Thoughts
B.R. Goyal Infrastructure Limited’s IPO presents a lucrative opportunity for investors looking to tap into India’s booming infrastructure sector. With a proven track record, a diversified portfolio, and robust financials, the company is well-positioned for future growth. However, potential investors should evaluate the associated risks and consider their financial goals before participating in the IPO.
Stay informed and make a wise investment decision!