Goel Construction SME IPO

Goel Construction Company is engaged in civil and structural construction works, delivering turnkey projects across industries such as cement, power, steel, dairy, pharmaceuticals, and institutional infrastructure. Established in 1997 and headquartered in Jaipur, the company has executed over 100 large-scale projects across multiple Indian states.

Goel Construction IPO

Civil & Structural Construction Company

LIVE IPO
IPO Date
02nd – 04th Sep 2025
Listing Date
10 Sep 2025
Price Range
₹249 – ₹262
Lot Size
400 shares
₹104,800 (Retail)
Issue Size
₹99.77 Crores
📅 IPO Schedule
Event Date
Issue Open Date02 Sep 2025
Issue Close Date04 Sep 2025
UPI Mandate Deadline04 Sep 2025 (5 PM)
Allotment Finalization08 Sep 2025
Refund Initiation08 Sep 2025
Share Credit09 Sep 2025
Listing Date10 Sep 2025
Mandate End Date19 Sep 2025
Lock-in End Date (50% Anchor)08 Oct 2025
Lock-in End Date (Remaining Anchor)07 Dec 2025
🏢 About Goel Construction

Goel Construction Company is engaged in civil and structural construction works, delivering turnkey projects across industries such as cement, power, steel, dairy, pharmaceuticals, and institutional infrastructure. Established in 1997 and headquartered in Jaipur, the company has executed over 100 large-scale projects across multiple Indian states.

The company has a workforce of over 700 professionals and around 5,000 skilled workers, supported by modern equipment for large project execution. With nearly three decades of experience, Goel Construction has built a reputation for delivering quality infrastructure projects across diverse industrial sectors.

💰 Financial Details

Issue Size Breakdown

Overall Issue ₹99.77 Crores
Fresh Issue ₹80.81 Crores
Offer for Sale ₹18.96 Crores

Fund Utilization

Capital Expenditure
₹43.00 Cr (53.21%)
Repayment of Outstanding Borrowings
₹24.31 Cr (30.08%)
General Corporate Purposes
₹12.12 Cr (15%)
Miscellaneous
₹1.47 Cr (1.82%)
💪 Company Strengths
  • Wide sectoral presence across cement, power, steel, dairy, pharmaceutical, and institutional projects
  • Over 100 completed projects with pan-India execution capabilities and proven track record
  • Strong manpower and equipment base enabling efficient project delivery and operational excellence
  • Prestigious client base with repeat orders ensuring business continuity and revenue stability
  • Consistent growth in revenues, profitability, and order book size demonstrating business scalability
⚠️ Risk Factors
  • Thin operating margins typical of the construction sector may impact profitability during challenging periods
  • Execution challenges in managing multiple large-scale projects simultaneously could affect delivery timelines
  • Sectoral dependence on core industries such as cement, power, and steel creates vulnerability to industry cycles
  • Working capital-intensive operations may pressure liquidity and cash flow management
📊 Subscription Status

IPO opens on September 2, 2025. Subscription data will be available once the issue opens.

Subscription Data Coming Soon

Live subscription figures will be updated once the IPO opens for bidding.

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