BR Goyal Infra IPO Listing: Shares of infra company BR Goyal Infra had almost a flat entry on BSE SME today but the IPO got a strong response from investors. Its IPO received overall bids of more than 118 times. Shares have been issued under the IPO at a price of Rs 135. Today it has entered BSE SME at Rs 135.75, which means IPO investors will get only about half a percent listing gain (BR Goyal Infra Listing Gain) found. After listing the shares went up further. It jumped to Rs 142.50 (BR Goyal Infra Share Price) reached the upper circuit. Currently it is at Rs 137.10 i.e. IPO investors are now making 1.56% profit.
BR Goyal Infra IPO got strong response
BR Goyal Infra’s ₹85.21 crore IPO was open for subscription from January 7-9. This IPO received a good response from investors and overall it was subscribed 118.08 times. In this, the portion reserved for Qualified Institutional Buyers (QIB) was 69.88 times, the portion for Non-Institutional Investors (NII) was 256.9 times, the portion for retail investors was 88.27 times and the portion for employees was 1.11 times. Under this IPO, 63.12 lakh new shares with face value of Rs 10 have been issued. The company will use the money raised through these shares for capital expenditure, working capital requirements, acquisitions and general corporate purposes.
About BR Goyal Infra
Established in 2005, BR Goyal Infra builds roads, highways, bridges and buildings. The company’s business is also in the wind energy segment. Talking about the financial health of the company, it has continuously strengthened. In the financial year 2022, it had a net profit of Rs 7.56 crore, which jumped to Rs 17.34 crore in the next financial year 2023 and to Rs 21.89 crore in the financial year 2024. During this period, the company’s revenue increased at a compound growth rate (CAGR) of more than 61 percent annually to Rs 596.19 crore. Talking about the current financial year 2024-25, it has achieved a net profit of Rs 1.94 crore and revenue of Rs 156.86 crore in April-July 2024.