Goel Construction IPO Opens Today: Here Are The Key Details About The IPO
By Shishta Dutta | Published at: Sep 2, 2025 09:59 AM IST
The Initial Public Offering (IPO) of Goel Construction Company Limited will open on the BSE SME today. The IPO is to raise ₹99 crore and will remain open for subscription from today till September 4, 2025. The company has set a price band of ₹249 – ₹262 per share with a lot size of 400 shares. This makes the minimum investment at the upper price band coming to ₹1,04,800.
The IPO includes a fresh issue of 30.84 lakh shares with an offer for sale element of 7.23 lakh shares. Srujan Alpha Capital Advisors LLP is the lead manager of the issue while MUFG Intime India Pvt Ltd is the registrar.
Financial Performance
The company’s Revenue from operations rose from ₹27,073.21 lakh in FY23 to ₹58,998.45 lakh in FY25. Net profit nearly tripled from ₹1,429.81 lakh in FY23 to ₹3,832.25 lakh in FY25. The company’s net worth increased from ₹7,062.24 lakh to ₹13,158.82 lakh during the same period. Earnings Per Share (EPS), increased from ₹12.58 to ₹33.72. Additionally, the company’s total borrowings saw a slight decrease from ₹2,851.48 lakh in FY23 to ₹2,870.97 lakh in FY25.
Anchor Investor Allocation: ₹27.93 Crore
On September 1, 2025, Goel Construction allotted 10,62,000 equity shares to anchor investors at ₹263 per share, raising a total of ₹27.93 crore. However, no allocation was made to mutual funds.
| Anchor Investor | Shares Allocated | Amount (₹ crore) | % of Anchor Portion |
|---|---|---|---|
| Wealthwave Capital Trust – Wealthwave Capital Fund | 5,30,800 | 13.96 | 49.98 |
| Mint Focused Growth Fund PCC – CELL 1 | 1,35,600 | 3.56 | 12.77 |
| Meru Investment Fund PCC – CELL 1 | 1,35,600 | 3.56 | 12.77 |
| NAV Capital VCC – NAV Capital Emerging Star Fund | 68,000 | 1.78 | 6.40 |
| Matterhorn India Fund | 38,400 | 1.00 | 3.62 |
| M7 Global Fund PCC – ASAS Global Opportunities Fund | 38,400 | 1.00 | 3.62 |
| Vijit Growth Fund CAT III AIF | 38,400 | 1.00 | 3.62 |
| Ekenam Pragati Scheme-I | 38,400 | 1.00 | 3.62 |
| Finvesta First | 38,400 | 1.00 | 3.62 |
| Total | 10,62,000 | 27.93 | 100 |
Goel Construction Company Limited is an Indian company that is engaged in civil and structural engineering. The company has expertise in projects across cement, power, steel, dairy, pharmaceuticals, and institutional infrastructure. It was founded in 1997 and is headquartered in Jaipur, Rajasthan.
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