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BR Goyal Infrastructure Limited (BRG) has filed its Draft Red Herring Prospectus (DRHP) with BSE SME, signaling its entry into the primary market with an initial public offering (IPO) on the BSE SME platform. The company plans to issue 6,432,000 equity shares with a face value of ₹10 each, aiming to raise significant funds for its expansion and operational needs.
The IPO is spearheaded by Beeline Capital Advisors Private Limited, which has been appointed as the Book-Running Lead Manager. Link Intime India Private Limited will act as the Registrar for the offering. The funds raised through this IPO will be allocated towards capital expenditure, working capital requirements, and potentially for strategic acquisitions.
BR Goyal Infrastructure is a key player in the construction and infrastructure sector, offering a broad portfolio that includes civil construction, ready-mix concrete, wind power, toll collection, and residential plotting. The company has demonstrated robust financial performance, with consolidated revenue from operations increasing to ₹588.76 crore in FY24 from ₹224.88 crore in FY22. The consolidated EBITDA also grew to ₹32.45 crore in FY24 from ₹18.89 crore in FY22, while the consolidated PAT more than doubled to ₹21.89 crore in FY24 from ₹7.56 crore in FY22.
The company’s diversified expertise extends to providing comprehensive engineering, procurement, and construction (EPC) services for roads, highways, commercial complexes, industrial parks, and housing projects, with a strong emphasis on government contracts. As BR Goyal Infrastructure prepares for its IPO, it is prepared to leverage its established reputation and growth trajectory to capitalize on the expanding opportunities within India’s infrastructure sector.