Goel Construction IPO Attracts Strong Demand On Day 2; Subscribed 3.81 Times

Jaipur, September 3, 2025: The IPO of Goel Construction Limited is witnessing a robust demand from all types of investors. As of 11:30 AM, the IPO has received an overall subscription of 3.81 times on day 2 of its IPO application window. The issue will close tomorrow on September 4, and the shares are expected to list on the BSE SME portal on September 10, 2025.

Overall Subscription At 3.81 Times With Retail Investors Leading At 4.42 Times (11:30 AM)

Goel Construction IPO witnessed strong overall demand, with total subscription reaching 3.81 times. A total of 27,46,000 shares were offered across different investor categories, while bids came in for 1,04,71,200 shares through 7,822 applications. Among the categories, Qualified Institutional Buyers (QIBs) were allotted 7,08,400 shares and subscribed 3.50 times, with bids for 24,82,000 shares.

Non-Institutional Investors (NIIs) had 7,23,200 shares on offer and subscribed 3.41 times, applying for 24,64,000 shares through 939 applications. Retail Individual Investors (RIIs) saw the highest participation, with 12,40,800 shares offered and 6,852 applications leading to bids for 54,81,600 shares, translating to 4.42 times subscription. Meanwhile, the employee category had 73,600 shares on offer but saw weaker demand, receiving only 43,600 bids through 30 applications, resulting in a subscription of 0.59 times.

Book Build Issue of ₹100.15 crores With ₹250.00-₹263.00 Price Band

The issue size for the Goel Construction IPO is ₹100.15 crores, including fresh issue of ₹81.12 crores and offer for sale of ₹19.03 crores. The company has set the price band for the IPO between ₹250.00-₹263.00 per share. The lot size is 400 shares, with a minimum investment of ₹2,10,400.00 (800 shares). The lead manager for the issue is Srujan Alpha Capital Advisors LLP and the registrar is MUFG Intime India Pvt. Ltd.

Goel Construction Limited is an Indian company that executes large-scale civil and structural projects across sectors such as cement, power, steel, dairy, pharmaceuticals, and institutional infrastructure. Established in 1997, the company has successfully delivered 100+ projects across India. It is headquartered in Jaipur, Rajasthan.

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