Goel Construction Company IPO: Rs 99.77 Crore Issue Opens September 2
Goel Construction Company Ltd is launching its IPO on September 2 with a price band of Rs 250-263 per equity share. The issue size is Rs 99.77 crore, including a fresh issue of Rs 75.72 crore and an offer for sale of Rs 18.96 crore. The subscription period is from September 2 to September 4, with expected listing on BSE SME on September 10. The company, operating across 12 states in India, has an order book of Rs 596.00 crore, with 66% in cement plant projects. Goel Construction reported a 52% year-on-year revenue growth and a 69% increase in Profit After Tax.
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Goel Construction Company Ltd, a prominent player in the construction and infrastructure sector, is set to launch its Initial Public Offering (IPO) on September 2. The company has announced a price band of Rs 250 to Rs 263 per equity share for the issue.
IPO Details
- Issue Size: Rs 99.77 crore
- Fresh Issue: Rs 75.72 crore
- Offer for Sale: Rs 18.96 crore
- Price Band: Rs 250 - Rs 263 per equity share
- Subscription Period: September 2 - September 4
- Tentative Allotment Date: September 8
- Expected Listing: September 10 on BSE SME
Company Overview
Goel Construction Company Ltd, incorporated in 1997, has established a strong presence across 12 states in India. The company currently manages 14 ongoing projects, showcasing its wide-ranging operations in the construction sector.
Order Book and Projects
As of March 31, Goel Construction boasts an impressive order book of Rs 596.00 crore. Notably, cement plant projects constitute a significant 66% of the overall order book, highlighting the company's expertise in this specialized area.
Financial Performance
The company has reported robust financial growth:
- Revenue Growth: 52% year-on-year
- Profit After Tax (PAT) Growth: 69%
These figures underscore the company's strong financial position and growth trajectory.
IPO Timeline
| Event | Date |
|---|---|
| IPO Opening | September 2 |
| IPO Closing | September 4 |
| Tentative Allotment | September 8 |
| Expected Listing (BSE SME) | September 10 |
Investors interested in the construction and infrastructure sector may find this IPO an opportunity to consider. As always, it is advisable to thoroughly review the company's prospectus and consult with financial advisors before making investment decisions.
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