B.R. Goyal Infrastructure Limited IPO Opens On January 07, 2025

Equity Share Allocation

• Employees – Up to 38,000 Equity Shares
• QIB Portion – Not More than 29,78,000 Equity Shares (Including Anchor Portion)
• Non-Institutional Investors – Not Less than 8,94,000 Equity Shares
• Retail Individual Investors – Not Less than 20,86,000 Equity Shares
• Market Maker – Up To 3,16,000 Equity Shares

The net proceeds from the IPO will be utilized for funding capital expenditure requirement, funding the working capital requirement, funding expenditure for inorganic growth through acquisitions & other strategic initiatives and general corporate purposes. The anchor bidding will open on January 06, 2025 and issue will close on January 09, 2025.

The Book Running Lead Manager to the Issue is Beeline Capital Advisors Private Limited, The Registrar to the Issue is Link Intime India Private Limited.

Mr. Brij Kishore Goyal, Chairman & Managing Director, of B.R. Goyal Infrastructure Limited expressed, “As we prepare for our IPO, we take great pride in reflecting on our journey and accomplishments. Our proven track record of successful execution across multiple states, coupled with our extensive equipment fleet, has been instrumental in building a strong reputation among our clients.

Managing working capital effectively has been one of the key challenges to our growth. The IPO funding will not only help us overcome this hurdle but also be strategically allocated towards capital expenditures, acquisitions, and other growth-oriented initiatives. These investments will enable us to embark on a transformative new phase of growth and expansion.

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