Total Issue Size 63,12,000 Equity Shares of 10 each

IPO Size 85.21 Crore

Price Band -Rs. 128-135 Per Share

Lot Size – 1,000 Equity Shares

MUMBAI, 3 JANUARY, 2025 (GPN):  B.R. Goyal Infrastructure Limited specializes in road construction and infrastructure projects as EPC contractors and construction service providers, proposes to open its Initial Public Offering on January 07, 2025. The company aims to raise Rs. 85.21 crore through the fresh issue of 63,12,000 equity shares, which will be listed on the BSE SME platform.

The issue size is 63,12,000 equity shares at a face value of Rs. 10 each with a price band of Rs. 128-135 Per Share.

Equity Share Allocation

Employees – Up to 38,000 Equity Shares

QIB Portion – Not More than 29,78,000 Equity Shares (Including Anchor Portion)

Non-Institutional Investors – Not Less than 8,94,000 Equity Shares

Retail Individual Investors – Not Less than 20,86,000 Equity Shares

Market Maker – Up To 3,16,000 Equity Shares

The net proceeds from the IPO will be utilized for funding capital expenditure requirement. funding the working capital requirement, funding expenditure for inorganic growth through acquisitions & other strategic initiatives and general corporate purposes. The anchor bidding will open on January 06, 2025 and issue will close on January 09, 2025.

The Book Running Lead Manager to the Issue is Beeline Capital Advisors Private Limited, The Registrar to the Issue is Link Intime India Private Limited.

Mr. Brij Kishore Goyal, Chairman & Managing Director, of B.R. Goyal Infrastructure Limited expressed, “As we prepare for our IPO, we take great pride in reflecting on our journey and accomplishments. Our proven track record of successful execution across multiple states, coupled with our extensive equipment fleet, has been instrumental in building a strong reputation among our clients.

Managing working capital effectively has been one of the key challenges to our growth. The IPO funding will not only help us overcome this hurdle but also be strategically allocated towards capital expenditures, acquisitions, and other growth-oriented initiatives. These investments will enable us to embark on a transformative new phase of growth and expansion.

About B.R. Goyal Infrastructure Limited:

B.R. Goyal Infrastructure Limited specializes in road construction and infrastructure projects as EPC contractors and construction service providers. The company manages all project phases, from design and engineering to procurement and site execution. BRG’s diverse portfolio includes asphaltic and concrete roads, buildings, bridges and civil works. The company has expanded operations to several states, including Madhya Pradesh, Maharashtra, Gujarat, Mizoram, Manipur, Haryana and Uttar Pradesh.

The company is involved in wind power generation, Ready-Mix Concrete (RMC) manufacturing and Toll Collection Contracts (TCC). BRG is renowned for its timely project

delivery and quality, having earned the “Captain Of Industry” award from the Chief Minister of Madhya Pradesh. The company’s diverse portfolio includes government projects and strategic joint ventures.

In FY24, The company Achieved a Revenue of Rs. 58,875.91 Lakhs, EBITDA of Rs. 3,245.58 Lakhs, & PAT of Rs. 2,187.75 Lakhs

As of July 24, The company has achieved a Revenue of 15,550,74 Lakhs, EBITDA of Rs. 535.65 Lakhs, & PAT of Rs. 196,68 Lakhs.