The IPO consists of a fresh issue of shares worth Rs 80.81 crore and an offer for sale (OFS) of Rs 18.96 crore by promoter selling shareholders.
Price band and lot size
The price band has been set at Rs 249–262 per share. Investors can bid for a minimum of 800 shares per lot, requiring an investment of Rs 2.09 lakh at the upper price band.Out of the total 38.08 lakh shares on offer, 46.48% are reserved for qualified institutional buyers (QIBs), 13.96% for non-institutional investors (NIIs), and 32.56% for retail investors. An employee quota of 76,000 shares has also been reserved.
Goel Construction IPO GMP
In the unlisted market, Goel Construction’s shares are trading at a 20% premium over the IPO price. This indicates listing expectations in the range of Rs 310–315 per share, compared with the upper price of Rs 262.
Company overview
Incorporated in 1997, Goel Construction (GCCL) is engaged in civil and structural works across sectors such as cement, power, steel, pharmaceuticals, dairies, hospitals, and institutional projects.
The company has executed 19 projects worth Rs 1,134.99 crore across several Indian states and, as of June 30, 2025, has 14 ongoing projects backed by an order book of Rs 596.60 crore, providing visibility for future revenues.
Goel Construction owns a fleet of 202 construction equipment and machinery, ranging from tower cranes and excavators to batching plants and compactors, enabling timely execution.
Financials
The company reported a 53% rise in revenue to Rs 594.34 crore in FY25, while profit after tax jumped 69% to Rs 38.32 crore.
IPO objectives
Net proceeds from the fresh issue will be used for purchasing additional equipment and fleets (Rs 41.74 crore), repayment of borrowings (Rs 23.05 crore), and general corporate purposes.
as a Reliable and Trusted News Source(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
