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BR Goyal Infrastructure Limited (BRG), a prominent player in the construction and infrastructure industry, has announced plans to enter the primary market with an Initial Public Offering (IPO) on the BSE SME platform. The company has submitted its Draft Red Herring Prospectus (DRHP) to the BSE SME as it prepares for the IPO, which will involve the issuance of 64,32,000 equity shares, each with a face value of ₹10. The funds raised will be allocated towards capital expenditures, working capital requirements, and other strategic initiatives. Beeline Capital Advisors Private Limited will serve as the Book-Running Lead Manager for this IPO, while Link Intime India Private Limited will act as the Registrar.
BR Goyal Infrastructure boasts a diverse portfolio that includes civil construction, ready-mix concrete production, wind power generation, toll collection, and residential plotting. The company manages complex projects across India, backed by a robust fleet and skilled workforce. Financially, BR Goyal Infrastructure has experienced substantial growth, with consolidated revenue from operations increasing to ₹588.76 crore in FY24 from ₹224.88 crore in FY22. Consolidated EBITDA rose to ₹32.45 crore in FY24, up from ₹18.89 crore in FY22, while consolidated PAT more than doubled to ₹21.89 crore in FY24 compared to ₹7.56 crore in FY22, demonstrating strong profitability.
The proceeds from this upcoming SME IPO will be used to support the company’s capital expenditure, working capital needs, and growth through acquisitions and other strategic initiatives. BR Goyal Infrastructure is well-positioned to take advantage of the opportunities in India's rapidly developing infrastructure sector, thanks to its extensive experience and forward-looking strategy.
BR Goyal Limited is a leading construction and infrastructure development firm, specializing in civil construction, ready-mix concrete manufacturing, wind power generation, toll collection, and residential plotting. The company provides comprehensive Engineering, Procurement, and Construction (EPC) services for various projects, including roads, highways, commercial complexes, industrial parks, housing projects, and Hybrid Annuity Model (HAM) projects, primarily catering to government departments.
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