Goel Construction Company Ltd Logo

Goel Construction Company Ltd IPO

NSELot: 400

LISTEDSME
Issue Price263
Listing307.18
Current302
Price Band
250 - ₹263
Lot Size
400
Issue Size
₹100.15 Cr
GMP
0
Subscription
2.58x

IPO Schedule

1
Open
2 Sept
2
Close
4 Sept
3
Allotment
8 Sept
4
Listing
9 Sept

About Goel Construction Company Ltd

Goel Construction Company Ltd is an engineering, procurement, and construction (EPC) company focused on infrastructure projects. They undertake various civil construction projects, including highways, bridges, and buildings, primarily for government and public sector undertakings.

Subscription Status

QIB
3.50x
NII
2.01x
Retail
2.42x
CategoryDay 3Day 2Day 1
QIB124.20x6.49x3.50x
NII224.80x19.25x2.01x
Retail88.61x11.68x2.42x
Total124.34x11.50x2.58x

Risk Factors

Dependence on government contracts and associated payment delays.
Intense competition in the construction industry.
Fluctuations in raw material prices impacting profitability.

Promoters & Management

The company is led by Mr. Purushottam Dass Goel, Chairman and Managing Director, and Mr. Arun Kumar Goel, Whole-Time Director, who possess a combined experience of over 50 years in the construction industry. They oversee key business functions, including tendering, procurement, project execution, quality control, and finance. The promoters are actively involved in operations, providing guidance on project management and overall business administration. Other key management personnel include: Mr. Natwar Lal Ladha, Chief Financial Officer, appointed in November 2024, with experience in accounting, finance, and taxation. Ms. Surbhi Maloo, Company Secretary and Compliance Officer, appointed in January 2025. Senior management personnel include: Mr. Amit Goel and Mr. Anuj Goel, both serving as Project Heads. Mr. Ratan Kumar Goel, Mr. Ashwani Goel, Mr. Chinmay Goel, and Mr. Mohak Goel, also serving as Senior Management Personnel. The management team is responsible for overseeing the company's operations, ensuring compliance, and driving its strategic initiatives. The company's workforce has grown significantly, and as at June 30, 2025, the company has 1,191 permanent employees.