Goel Construction IPO

Goel Construction Company Limited (GCCL), established in 1997, is a leading construction and infrastructure firm operating across multiple sectors, including cement plants, power plants, dairies, hospitals, steel, pharmaceuticals, and institutional projects. The company has completed 19 projects with a total contract value of ₹1,13,499.37 lakhs and is currently executing 14 ongoing projects across eight states, supported by an order book of ₹59,660.28 lakhs, ensuring strong revenue visibility. With a fleet of 202 equipment units and a workforce of 1,191 employees, GCCL delivers projects efficiently, on time, and across pan-India locations.

Goel Construction Limited IPO Overview

Goel Construction Co. Limited is launching a book-built IPO worth ₹99.77 crores, comprising a fresh issue of 0.31 crore shares aggregating ₹80.81 crores and an offer for sale of 0.07 crore shares totaling ₹18.96 crores. The IPO will open for subscription on 2 September 2025 and close on 4 September 2025, with allotment expected to be finalised on 8 September 2025. The shares are scheduled to list on BSE SME on 10 September 2025. The issue price band is fixed between ₹250 and ₹262 per share, with a lot size of 400 shares.

For retail investors, the minimum investment is ₹2,09,600 for 800 shares at the upper price band, while HNIs must invest in a minimum of 3 lots (1,200 shares), amounting to ₹3,14,400. Srujan Alpha Capital Advisors LLP is appointed as the book running lead manager, MUFG Intime India Pvt. Ltd. as the registrar, and Choice Equity Broking Pvt. Ltd. serves as the market maker for the issue.

Goel Construction Company Limited IPO Details

Particulars	Details
IPO Date	2 September 2025 to 4 September 2025
Listing Date	10 September 2025
Face Value	₹10 per share
Issue Price Band	₹250 to ₹262 per share
Lot Size	400 Shares
Total Issue Size	38,08,000 shares (aggregating up to ₹99.77 Cr)
Fresh Issue	28,94,000 shares (aggregating up to ₹75.82 Cr)
Offer for Sale	7,23,600 shares (aggregating up to ₹18.96 Cr)
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Share Holding Pre Issue	1,13,65,200 shares
Share Holding Post Issue	1,44,49,600 shares
Market Maker Portion	1,90,400 shares

Goel Construction Company Limited IPO Reservation

Investor Category	Shares Offered
Market Maker	1,90,400 (5.00%)
QIB	17,70,000 (46.48%)
NII (HNI)	5,31,600 (13.96%)
Retail	12,40,000 (32.56%)
Employee	76,000 (2.00%)
Total Shares Offered	38,08,000 (100.00%)

Goel Construction Company Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	2	800	₹2,09,600
Retail (Max)	2	800	₹2,09,600
S-HNI (Min)	3	1,200	₹3,14,400
S-HNI (Max)	9	3,600	₹9,43,200
B-HNI (Min)	10	4,000	₹10,48,000
Employee (Min)	2	800	₹2,09,600
Employee (Max)	4	1,600	₹4,19,200

Goel Construction Company Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	97.70%
Post-Issue	To be calculated based on equity dilution

Goel Construction Company Limited IPO Valuation Overview

KPI	Value
EPS (Pre IPO)	33.72
EPS (Post IPO)	26.52
P/E Ratio	7.77 (Pre IPO), 9.88 (Post IPO)
RoNW	34.09%
ROCE	33.69%
Debt/Equity Ratio	0.22
PAT Margin	6.50%
EBITDA Margin	9.81%
Price to Book Value	2.26

Objectives of the Proceeds

• Capital expenditure for additional equipment and machinery purchase – ₹41.74 Cr

• Repayment or prepayment of certain existing borrowings – ₹23.05 Cr

• General corporate purposes

Key Financials (₹ Crore)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	265.09	219.51	205.04
Revenue	594.34	388.79	272.94
Profit After Tax	38.32	22.64	14.30
Reserves and Surplus	120.22	92.23	69.59
Total Borrowings	28.71	30.51	28.51