Goel Construction IPO will open for subscription on September 2, 2025, and will close on September 4, 2025. This is a Book Built Issue, through which the company aims to raise around ₹99.77 crores. The IPO consists of a fresh issue of ₹80.81 crores and an Offer for Sale (OFS) of up to 7,23,600 equity shares with a face value of ₹10 each.
The Goel Construction IPO price band has been fixed at ₹250 to ₹262 per share. The retail quota is reserved at 35%, while QIBs (Qualified Institutional Buyers) will get 50%, and HNIs (High Net Worth Individuals) are allocated 15%. The Goel Construction IPO allotment date is September 8, 2025, and the shares are scheduled to be listed on BSE SME on September 10, 2025.
The company has shown strong financial growth in recent years. In FY 2025, the company reported a revenue of ₹594.34 crores, compared to ₹388.79 crores in FY 2024, showcasing significant business expansion. The net profit also increased from ₹22.64 crores in FY 2024 to ₹38.32 crores in FY 2025, indicating a healthy growth in profitability.
Goel Construction IPO Date & Price Band Details
Goel Construction IPO will open on September 2, 2025 and close on September 4, 2025. The Book Built Issue aims to raise about ₹99.77 crores with a price band of ₹250–₹262 per share. The IPO will list on BSE SME, offering a lot size of 400 shares.
| Category | Details |
|---|---|
| IPO Open Date: | September 2, 2025 |
| IPO Close Date: | September 4, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹250 to ₹262 Per Share |
| Issue Size: | Approx ₹99.77 Crores |
| Fresh Issue: | Approx ₹80.81 Crores |
| Offer for Sale: | Approx 7,23,600 Equity Shares |
| Lot Size: | 400 Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Goel Construction IPO Market Lot
Goel Construction IPO has a minimum market lot of 800 shares, requiring an application amount of ₹2,09,600. Investors need to apply for at least one lot to participate in this BSE SME IPO, making it suitable for long-term investors looking at strong financial growth.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 800 | ₹2,09,600 |
| Retail Maximum | 2 | 800 | ₹2,09,600 |
| S-HNI Minimum | 3 | 1200 | ₹3,14,400 |
| S-HNI Maximum | 9 | 3,600 | ₹9,43,200 |
| B-HNI Minimum | 10 | 4,000 | ₹10,48,000 |
Goel Construction IPO Allotment & Listing Dates
Goel Construction IPO will open on September 2, 2025, and close on September 4, 2025. The allotment date is scheduled for September 8, 2025, while the IPO listing will take place on September 10, 2025 on the BSE SME platform.
| Type | Date |
|---|---|
| IPO Open Date: | September 2, 2025 |
| IPO Close Date: | September 4, 2025 |
| Basis of Allotment: | September 8, 2025 |
| Refunds: | September 9, 2025 |
| Credit to Demat Account: | September 9, 2025 |
| IPO Listing Date: | September 10, 2025 |
Goel Construction IPO: Promoters
The promoters of Goel Construction Limited are:
- Mr. Purushottam Dass Goel
- Mr. Arun Kumar Goel
- Mr. Naresh Kumar Goel
- Mr. Ratan Kumar Goel
- Mr. Amit Goel
- Mr. Anuj Goel
- Mr. Ashwani Goel
- Mr. Chinmay Goel
- Mr. Mohak Goel
- Mrs. Soni Goel
- Mrs. Isha Goel
- Mrs. Nirmala Goel
- Mrs. Suman Goel
The promoters bring strong industry experience and leadership, playing a vital role in the company’s business growth and strategic direction.
Goel Construction IPO Company Financial Report
Goel Construction Limited has delivered strong growth. The company reported a revenue of ₹594.34 crores in FY 2025, a significant rise compared to ₹388.79 crores in FY 2024. Similarly, the net profit increased from ₹22.64 crores in FY 2024 to ₹38.32 crores in FY 2025, showcasing robust profitability and business expansion.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2023 | ₹272.94 | ₹254.06 | ₹14.30 | ₹205.04 |
| 2024 | ₹388.79 | ₹358.47 | ₹22.64 | ₹219.51 |
| 2025 | ₹594.34 | ₹542.90 | ₹38.32 | ₹265.09 |
Goel Construction IPO Valuation – FY2025
Goel Construction Limited shows strong financial metrics with an impressive ROE of 34.09% and ROCE of 33.69%. The company maintains healthy EBITDA and PAT margins of 9.81% and 6.50% respectively. With a low debt-to-equity ratio of 0.22 and EPS of ₹33.72, it reflects financial stability and growth potential.
| KPI | Values |
|---|---|
| ROE: | 34.09% |
| ROCE: | 33.69% |
| EBITDA Margin: | 9.81% |
| PAT Margin: | 6.50% |
| Debt to equity ratio: | 0.22 |
| Earning Per Share (EPS): | ₹33.72 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 34.09% |
| Net Asset Value (NAV): | ₹115.78 |
Goel Construction IPO Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Power Mech Projects Limited | 95.05 | 33.03 | 14.27% | 665.90 | – Cr. |
| Suntech Infra Solutions Limited | 7.98 | 8.77 | 24.05% | 32.74 | – Cr. |
| Ahluwalia Contracts (India) Limited | 30.08 | 31.52 | 11.19% | 268.71 | – Cr. |
Objects of the Issue – Goel Construction IPO
The objects of the Goel Construction IPO include:
- Capital expenditure for the purchase of additional equipment and fleets to enhance operational capacity.
- Repayment or prepayment of certain outstanding borrowings availed by the company.
- Meeting general corporate purposes to support future business growth.
Goel Construction Company Overview, Strengths, and Risks
Goel Construction Company is an Indian civil construction company specializing in large-scale industrial and infrastructure projects. Founded in 1997, the company has grown from its origins in Rajasthan to a prominent player with projects across multiple states. Goel Construction’s core business is centered on high-value projects, with a strong focus on building industrial plants for the cement, power, and dairy sectors.
Strengths
- Expertise in Specialized Sectors: Goel Construction has developed a strong reputation and proven track record in niche, high-value sectors like cement, power, and dairy plants. This specialization allows them to handle complex projects and attract long-term clients.
- Strong Order Book: The company maintains a robust order book, providing excellent revenue visibility for the future. As of late 2025, a significant portion of their order book comes from cement plant projects, which is a core area of their business.
- Repeat Clientele: A substantial part of Goel Construction’s revenue is from repeat clients, including large industrial players. This indicates high client satisfaction and a reliable stream of business, which reduces customer acquisition costs.
- Experienced Management and Workforce: The company’s leadership has decades of experience in the construction industry. This is complemented by a large, skilled workforce and ownership of an extensive fleet of heavy equipment, enabling efficient and timely project execution without relying on third parties.
Risks
- Sectoral Concentration: A major risk is the company’s heavy reliance on the industrial sector, particularly cement plants. A downturn in these specific industries could have a significant negative impact on the company’s financial performance.
- Tender-Based Business: The company’s revenue is largely dependent on winning competitive tenders and receiving project nominations. This creates uncertainty and can lead to intense competition, which may pressure profit margins.
- Working Capital-Intensive Operations: Like most construction companies, Goel Construction’s operations are working capital-intensive. Managing cash flow, especially with potential project delays or slow payments from clients, can be a challenge and may put a strain on liquidity.
- Execution and Operational Challenges: The company must effectively manage multiple large-scale projects simultaneously across various states. Any issues with project execution, such as delays, cost overruns, or safety incidents, could damage their reputation and financial health.
Goel Construction IPO Review
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Goel Construction IPO Registrar
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: goelconstruction.smeipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Goel Construction IPO Lead Managers aka Merchant Bankers
- Srujan Alpha Capital Advisors LLP
Goel Construction Company Address
Goel Construction Co.Ltd.
230,
City Centre,
S.C. Road
Jaipur, Rajasthan, 302001
Phone: 0141-2365121
Email: info@goelconstruction.co.in
Website: https://www.goelconstruction.co.in/
FAQs about Goel Construction IPO
The IPO will open on September 2, 2025, and close on September 4, 2025.
The price band has been fixed at ₹250 to ₹262 per equity share.
The minimum lot size is 400 shares. Retail investors must apply for a minimum of 2 lots, or 800 shares, at a total investment of ₹2,09,600.
The total issue size is approximately ₹99.77 crores, comprising a fresh issue of ₹80.81 crores and an Offer for Sale (OFS) of 7,23,600 equity shares.
The shares will be listed on the BSE SME platform.
The allotment date is scheduled for September 8, 2025.
You can check the allotment status on the website of the official IPO registrar, MUFG Intime India Pvt. Ltd., on or after the allotment date.
In FY 2025, the company reported revenue of ₹594.34 crores and a net profit of ₹38.32 crores, showing significant growth from the previous year.
The funds raised will be used for capital expenditure to purchase new equipment, repay certain outstanding borrowings, and for general corporate purposes.
Goel Construction is a civil construction company that specializes in building large-scale industrial and infrastructure projects, particularly for the cement, power, and dairy sectors.
Disclaimer: This content is provided strictly for educational and informational purposes only. The securities or investments mentioned are based on publicly available information and should not be construed as investment advice or recommendations. Investors are advised to consult with their financial advisor before making any investment decisions.
