Goel Construction IPO description – Incorporated in 1997, Goel Construction Company is a seasoned construction contractor specializing in industrial and infrastructure projects across India. With a strategic focus on constructing Cement Plants, Power Plants, Dairy Plants, and other industrial facilities, Goel Construction has executed 18 projects worth INR 1,033.20 crore over the past three years. As of 28 February 2025, it has 14 ongoing projects across seven states, backed by a robust order book of INR 488.62 crore.
Initially starting with small-scale and sub-contracted projects, Goel Construction has progressed to managing large-scale projects independently. Notably, its project value evolved from INR 1.59 crore in 1997 to INR 172.01 crore in 2024, reflecting its execution strength. Currently, six ongoing projects exceed INR 100 crore each. The company operates in 12 Indian states and is supported by a workforce of 1,168 employees, workers, and contract labourers.
Key segments include Cement Plants (clinkerization units, grinding units), Power Plants (BOP civil works), Dairy Plants (including Cattle Feed Plants), and Steel & allied industries.
Promoters of Goel Construction – Mr. Purushottam Dass Goel, Mr. Arun Kumar Goel, Mr. Naresh Kumar Goel, Mr. Ratan Kumar Goel, Mr. Amit Goel, Mr. Anuj Goel, Mr. Ashwani Goel, Mr. Chinmay Goel, Mr. Mohak Goel, Mrs. Soni Goel, Mrs. Isha Goel, Mrs. Nirmala Goel, and Mrs. Suman Goel
Table of Contents
Goel Construction Company IPO Details
| Goel Construction IPO Dates | 2 – 4 September 2025 |
| Goel Construction Issue Price | INR 250 – 263 per share (Employee Discount – INR 10 per share) |
| Fresh Issue | 30,84,400 shares (INR 77.11 – 81.12 crore) |
| Offer For Sale | 7,23,600 shares (INR 18.09 – 19.03 crore) |
| Total IPO Size | 38,08,000 shares (INR 95.20 – 100.15 crore) |
| Minimum Bid | 800 shares (INR 2,10,400) |
| Lot Size | 400 shares (INR 1,05,200) |
| Face Value | INR 10 per share |
| Individual Allocation | 35% |
| Listing On | BSE SME |
Goel Construction Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 270.73 | 386.06 | 589.98 |
| Expenses | 254.06 | 358.47 | 542.90 |
| Net income | 14.30 | 22.64 | 38.32 |
Goel Construction Offer News
- Goel Construction RHP
- Goel Construction Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2025
Goel Construction Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 | |
| EPS | 12.58 | 19.92 | 33.72 |
| PE ratio | – | – | 7.41 – 7.77 |
| RONW (%) | 22.53 | 27.63 | 34.09 |
| NAV | 62.14 | 82.06 | 115.78 |
| ROCE (%) | 20.96 | 26.43 | 33.69 |
| EBITDA (%) | 8.65 | 9.40 | 9.81 |
| Debt/Equity | 0.40 | 0.33 | 0.22 |
Goel Construction IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 8 Sep2025 | 53 | – | 16,500 |
| 6 Sep 2025 | 53 | – | 16,500 |
| 5 Sep 2025 | 50 | – | 15,000 |
| 4 Sep 2025 | 60 | – | 18,200 |
| 3 Sep 2025 | 55 | – | 17,500 |
| 2 Sep 2025 | 55 | – | 17,500 |
Goel Construction IPO Subscription – Live Updates
| Category | QIB | NII | Individual | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered | 7,08,400 | 5,32,800 | 12,40,800 | 73,600 | 25,55,600 |
| 4 Sep 2025 | 124.20 | 225.16 | 88.55 | 1.01 | 124.39 |
| 3 Sep 2025 | 6.49 | 19.60 | 11.63 | 0.82 | 11.56 |
| 2 Sep 2025 | 3.50 | 2.03 | 2.53 | 0.54 | 2.64 |
The market maker reservation portion of 1,90,400 shares and the anchor investor portion of 10,62,000 shares are not included in the above calculations.
Goel Construction IPO Allotment Status
Goel Construction IPO allotment status is now available on MUFG Intime’s website. Click on the MUFG Intime IPO weblink to get allotment status.
Goel Construction IPO Dates & Listing Performance
| IPO Opening Date | 2 September 2025 |
| IPO Closing Date | 4 September 2025 |
| Finalization of Basis of Allotment | 5 September 2025 |
| Initiation of refunds | 8 September 2025 |
| Transfer of shares to demat accounts | 8 September 2025 |
| IPO Listing Date | 9 September 2025 |
| Opening Price on BSE SME | INR 302.50 per share (up 15.02%) |
| Closing Price on BSE SME | INR 317.60 per share (up 20.76%) |
Goel Construction Offer Lead Manager
SRUJAN ALPHA CAPITAL ADVISORS LLP
824 & 825, Corporate Avenue Sonawala Rd, opposite Atlanta Centre,
Sonawala Industry Estate, Goregaon (E), Mumbai – 400063
Phone: +91 2246030709
E-mail: [email protected]
Website: www.srujanalpha.com
Goel Construction Offer Registrar
MUFG INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.in.mpms.mufg.com
Goel Construction Contact Details
GOEL CONSTRUCTION COMPANY LIMITED
8, Vashisth Marg, Gom Defence,
Vaishali Nagar, Jaipur-302021, Rajasthan
Phone: 0141-4045121
E-mail: [email protected]
Website: www.goelconstruction.co.in
IPO FAQs
What is the Goel Construction offer size?
Goel Construction’s offer size is INR 95.20 – 100.15 crores.
What is the Goel Construction offer price band?
Goel Construction public offer price is INR 250 – 263 per share.
What is the lot size of the Goel Construction IPO?
Goel Construction offer lot size is 400 shares.
What is Goel Construction IPO GMP today?
Goel Construction IPO GMP today is INR 53 per share.
What is the Goel Construction kostak rate today?
Goel Construction kostak rate today is INR NA per application.
What is the Goel Construction IPO Subject to Sauda rate today?
Goel Construction Subject to Sauda rate today is INR 16,500 per application.