BR Goyal Infrastructure IPO allotment: Here’s how to check status on BSE, Link Intime India

BR Goyal Infrastructure IPO allotment: Construction company BR Goyal Infrastructure Ltd is expected to finalise the IPO share allotment on Friday, January 10. The investors are awaiting the company to finalise the IPO share allotment status after the ₹85.21-crore public offer closed with an oversubscription of 118 times.

The Indore-based company’s public offer was open for bidding from January 7 to 9 on the BSE SME platform. The IPO received strong demand from non-institutional and retail investors.

At the close of bidding on Thursday, the public offer received bids for 49.74 crore shares against the net issue size of 42.1 lakh shares.

Retail Individual Investors’ quota was booked 88 times. The retail investors placed bids for over 18.41 crore equity shares against the quota of 20.86 lakh shares. The Non-Institutional Investors’ portion was booked 257 times, with bids for 22.99 crore shares against 8.94 lakh shares on offer.

The Qualified Institutional Buyers (QIBs) portion was booked nearly 70 times with applications for over 8.32 crore shares against 11.92 lakh shares on offer. The Employees’ category was booked 1.11 times as bids for 42,000 shares were received against 38,000 shares on offer.

How to check BR Goyal Infrastructure IPO share allotment

Investors can check the IPO share allotment status on IPO registrar Link Intime India Private Ltd’s website and the BSE.

Steps to check BR Goyal Infrastructure IPO allotment on registrar’s website

• Go to Link Intime India Pvt Ltd website (https://www.linkintime.co.in/)
• Click on Investor Services and select Public Issues
• Select BR Goyal Infrastructure Ltd from the list for company names
• Enter either your application No, PAN, DP/Client ID or Account No / IFSC
• Submit to check allotment status

Here’s how to check IPO allotment status on BSE Website

• Open BSE IPO allotment status page at https://www.bseindia.com/investors/appli_check.aspx
• Select BR Goyal Infrastructure Ltd from the list
• Enter PAN details or application number
• Submit to check details

B R Goyal Infrastructure IPO key details

BRG Infra is in the business of construction and development of infrastructure projects such as roads, highways, bridges and buildings. It has ongoing projects in Haryana, Uttar Pradesh, Madhya Pradesh, Gujarat, Maharashtra, Mizoram and Manipur.

BRG Infra offers EPC services for third parties mainly for government departments, primarily in the roads & highways, commercial complex, industrial parks, housing projects and HAM (Hybrid Annuity Mode) Projects.

It is also engaged in wind power generation, manufacturing of Ready-Mix Concrete (RMC) and Toll Collection Contract (TCC).

• BR Goyal Infrastructure IPO was solely a fresh issue of 63.12 lakh equity shares.
• The IPO price band was set at ₹128 to ₹135 per share. The minimum lot size was 1,000 shares, aggregating to a minimum investment of ₹135,000 for retail investors.
• BR Goyal Infrastructure will initiate refunds and credit of shares to the Demat accounts on Monday, January 13.
• The IPO listing has been scheduled for Tuesday, January 14. The stock will be listed on the BSE SME platform.

According to its RHP, BRG Infra has proposed to use IPO funds of ₹8.02 crore to meet capital expenditure related to the acquisition of vehicles. It looks to continue investing in a fleet of vehicles to back its EPC services.

The company will utilise ₹42 crore of IPO proceeds to fund Working Capital Requirements. The company has proposed to utilise the additional working capital to expand business activities.

The company will also utilise IPO proceeds to finance expenditure for inorganic growth through acquisitions and other strategic initiatives and to meet General Corporate Purposes.

BR Goyal Infrastructure financials

BRG Infrastructure Ltd’s revenue stood at ₹147.34 crore in the April-July period of 2024-25. Profit after tax was ₹1.99 crore in the period.

In the financial year 2023-24, revenue from operations was ₹578.80 crore compared to ₹345.29 crore for the year ended on March 31, 2023. Profit after tax stood at ₹21.86 crore in FY24 compared to ₹16.18 crore in FY23.

BR Goyal Infrastructure key performance indicators (KPI)