Goel Construction Company IPO
Goel Construction Company IPO Details
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Open Date
02 Sep 2025
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Close Date
04 Sep 2025
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Listing Date
10 Sep 2025
- IPO Price Range
₹ 249 to ₹262
- IPO Size
₹ 99.77 Cr
- Listing Exchange
BSE SME
Goel Construction Company IPO Timeline
Goel Construction Company IPO Subscription Status
| Date | QIB | NII | Retail | EMP | TOTAL |
|---|---|---|---|---|---|
| 02-Sep-25 | 3.50 | 2.01 | 2.42 | 0.54 | 2.58 |
| 03-Sep-25 | 6.49 | 19.25 | 11.68 | 0.82 | 11.50 |
| 04-Sep-25 | 124.20 | 224.80 | 88.61 | 1.01 | 124.34 |
Last Updated: 08 September 2025 2:52 PM by 5paisa
Goel Construction Company Limited, launching a ₹99.77 Cr IPO, is a construction and infrastructure company with expertise in civil and structural works across sectors such as cement, power, dairy, healthcare, steel, pharmaceuticals, and institutions. Since inception, it has delivered 19 projects worth ₹1,13,499.37 lakhs and is currently executing 14 projects across eight states with an order book of ₹59,660.28 lakhs. With 202 modern equipment and machinery, GCCL ensures timely, cost-effective project execution across its expanding pan-India presence.
Established in: 1997
Managing Director: Mr. Purushottam Dass Goel
Peers
● Power Mech Projects Limited
● Suntech Infra Solutions Limited
● Ahluwalia Contracts (India) Limited
Goel Construction Company Objectives
● The company will spend ₹41.74 Cr on additional equipment and fleets.
● It will utilise ₹23.05 Cr for repayment of borrowings.
● Funds will also be allocated for general corporate purposes.
Goel Construction Company IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹99.77 Cr |
| Offer For Sale | ₹18.96 Cr |
| Fresh Issue | ₹75.82 Cr |
Goel Construction Company IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 800 | 1,99,200 |
| Retail (Max) | 2 | 800 | 1,99,200 |
| S-HNI (Min) | 3 | 1,200 | 2,98,800 |
| S-HNI (Max) | 9 | 3,600 | 8,96,400 |
| B-HNI (Min) | 10 | 9,600 | 9,96,000 |
Goel Construction Company IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB | 124.20 | 7,08,400 | 8,79,82,000 | 2,313.93 |
| NII (HNI) | 224.80 | 5,32,800 | 11,97,73,200 | 3,150.04 |
| Individual Investors (IND category bidding for 2 Lots) | 88.61 | 12,40,800 | 10,99,45,600 | 2,891.57 |
| Total** | 124.34 | 25,55,600 | 31,77,75,200 | 8,357.49 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 272.94 | 388.79 | 594.34 |
| EBITDA | 23.41 | 36.29 | 57.91 |
| PAT | 14.30 | 22.64 | 38.32 |
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Assets | 205.04 | 219.51 | 265.09 |
| Share Capital | 1.03 | 1.03 | 11.37 |
| Total Borrowing | 28.51 | 30.51 | 28.71 |
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 24.20 | 48.25 | 38.44 |
| Net Cash Generated From / (used in) investing activities | -37.47 | -36.09 | -33.20 |
| Net Cash Generated From / (used in) financing activities | 6.76 | -0.84 | -5.03 |
| Net Increase (Decrease) In Cash And Cash Equivalents | -6.51 | 11.32 | 0.20 |
Strengths
1. Strong expertise in industrial and infrastructure construction projects.
2. Proven track record with 19 completed projects delivered.
3. Robust order book ensuring strong revenue visibility ahead.
4. Large fleet of 202 modern construction equipment available.
Weaknesses
1. High dependence on capital-intensive machinery and fleets.
2. Limited brand recognition compared to larger industry players.
3. Geographic expansion may strain operational management resources.
4. Exposure to delayed payments from government and corporates.
Opportunities
1. High dependence on capital-intensive machinery and fleets.
2. Limited brand recognition compared to larger industry players.
3. Geographic expansion may strain operational management resources.
4. Exposure to delayed payments from government and corporates.
Threats
1. Intense competition from established infrastructure conglomerates nationwide.
2. Rising raw material costs can reduce profit margins.
3. Project delays may impact cash flow and reputation.
4. Regulatory changes could increase compliance and project costs.
1. Strong order book ensures robust revenue visibility ahead.
2. Proven expertise delivering complex industrial projects on time.
3. Expanding footprint across multiple high-growth Indian states.
4. Modern equipment fleet supports efficient and timely execution.
Goel Construction operates within India’s rapidly expanding infrastructure sector, driven by government initiatives, industrial growth, and increasing demand for large-scale projects. With expertise in cement plants, power plants, dairies, healthcare, and institutional facilities, the company is well-positioned to capture opportunities across diverse sectors. Its strong order book, expanding geographic footprint, and modern equipment base provide long-term scalability, operational efficiency, and sustainable growth potential in India’s evolving construction and infrastructure landscape.
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FAQs
Goel Construction IPO opens from September 2, 2025 to September 4, 2025.
The size of Goel Construction IPO is ₹99.77 Cr.
The price band of Goel Construction IPO is fixed at ₹249 to ₹262 per share.
To apply for Goel Construction IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Goel Construction IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Goel Construction IPO is of 2 lots consisting of 800 shares and the investment required is ₹2,09,600.
The share allotment date of Goel Construction IPO is September 8, 2025
The Goel Construction IPO will likely be listed on September 10, 2025.
Srujan Alpha Capital Advisors LLP is the book running lead manager for Goel Construction IPO.
Goel Construction plans to utilise the raised capital from the IPO for:
● The company will spend ₹41.74 Cr on additional equipment and fleets.
● It will utilise ₹23.05 Cr for repayment of borrowings.
● Funds will also be allocated for general corporate purposes.
Goel Construction Company Contact Details
8, Vashisth Marg,
Gom Defence
Vaishali Nagar
Jaipur, Rajasthan, 302001
Phone: 0141-2365121
Email: info@goelconstruction.co.in
Website: https://www.goelconstruction.co.in/
Goel Construction Company IPO Register
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: goelconstruction.smeipo@in.mpms.mufg.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Goel Construction Company IPO Lead Manager
Srujan Alpha Capital Advisors LLP
