SME IPO News: BR Goyal Construction Company's IPO (Initial Public Offering) is going to be listed on the BSE SME platform on the coming Tuesday, January 14, 2025. This listing will be done under the T+3 rules of the Securities and Exchange Board of India (SEBI).

Company Introduction
BR Goyal Construction Company, known for its strong infrastructure, is engaged in the field of road, highway, bridge and building construction in various states. The company's projects are ongoing in states like Madhya Pradesh, Maharashtra, Gujarat, Haryana, Uttar Pradesh, Mizoram and Manipur.

According to the Red Herring Prospectus (RHP), the company primarily provides EPC (Engineering, Procurement and Construction) services, mainly focused on roads and highways, commercial complexes, industrial parks, residential projects and hybrid annuity mode (HAM) projects for government departments. Additionally, the company is also active in areas like wind power generation, ready-mix concrete (RMC) construction, and toll collection contracts (TCC).

Big increase in profits
 

• The company has shown tremendous improvement in its financial performance in the last few years.
• The net profit (PAT) of the company in the business year 2022 was ₹7.56 crore.
• In the business year 2023, it increased to ₹ 17.34 crore.
• This profit further increased to ₹21.9 crore in the business year 2024.

This listing of BR Goyal Construction Company and the increase in profits show that the company has strengthened its business base. It can become an attractive option for investors. BR Goyal IPO Details 1. According to market sources, the latest grey market premium (GMP) of BR Goyal shares was Rs 45. According to the latest GMP, the stock can be listed at a premium of 33%. 2. The SME IPO opened for subscription on Tuesday, January 7. It will end on Thursday, January 9. 3. The price band of the public issue has been fixed at Rs 128 to Rs 135 per equity share. 4. The company intends to raise ₹ 85.21 crore from the issue, which will be used to meet working capital requirements and meet capital expenditure requirements. 5. Bidders can apply in lots. One lot of SME IPO consists of 1,000 shares of the company.