SME IPO: B.R. Goyal Infrastructure to Launch IPO on 7th Jan

B.R. Goyal Infrastructure Limited to Launch IPO on 7th Jan 

Posted by NILESH WAGHELA

Mumbai: B.R. Goyal Infrastructure Limited, a company specializing in road construction and infrastructure projects, will launch its Initial Public Offering (IPO) on January 07, 2025. The company plans to raise ₹85.21 crore by issuing 63,12,000 equity shares, which will be listed on the BSE SME platform.  

Key IPO Details

- **Total Issue Size**: 63,12,000 equity shares  

- **Face Value**: ₹10 per share  

- **Price Band**: ₹128 - ₹135 per share  

- **Anchor Bidding Date**: January 06, 2025  

- **Issue Closing Date**: January 09, 2025  

Purpose of the IPO

The funds raised from the IPO will be used for:  

1. Investing in new equipment and infrastructure (capital expenditure).  

2. Meeting working capital needs.  

3. Funding acquisitions and strategic growth opportunities.  

4. General corporate purposes.  

Management's Statement

Mr. Brij Kishore Goyal, Chairman & Managing Director of B.R. Goyal Infrastructure Limited, said:  "This IPO is a significant step in our journey. Over the years, we have built a strong reputation with successful projects and a modern equipment fleet. The funds will help us overcome working capital challenges and invest in growth initiatives, allowing us to expand and transform our business further."

Advisors to the IPO

-Lead Manager: Beeline Capital Advisors Private Limited  

- Registrar: Link Intime India Private Limited  

B.R. Goyal Infrastructure Limited invites investors to be a part of this growth journey as it enters a new phase of expansion and development.