Goel Construction’s SME-segment IPO has created strong excitement among investors. The Goel Construction IPO GMP (grey market premium) is currently up by nearly 22.8 %, showing high confidence in its upcoming stock market debut.
IPO Snapshot:
- Subscription period: September 2–4, 2025
- Price band: ₹250–₹263 per share
- Issue size: ₹99.77 crore (₹80.81 cr fresh issue + ₹18.96 cr offer-for-sale)
Grey Market Sentiment:
On the final day of bidding, Goel Construction shares were trading at around ₹323 in the grey market ₹60 above the issue price. This indicates a strong 22.8 % GMP, suggesting solid listing optimism.
Subscription Highlights:
The IPO has seen healthy demand across categories:
- Overall oversubscription: ~10–11×
- Retail investors: ~11×
- Non-institutional investors (NIIs): ~14–19×
- Qualified institutional buyers (QIBs): ~6×
Why the Buzz?
Goel Construction is a reputed civil and infrastructure contractor with a strong track record across industries including cement, power, dairies, pharmaceuticals, and institutions. As of June 2025, it has an order book worth nearly ₹600 crore and has already executed projects valued at over ₹1,100 crore.
Utilization of Funds:
Proceeds from the IPO will be used for:
- Purchase of new equipment and fleet
- Repayment or prepayment of borrowings
- General corporate purposes
Listing Schedule:
- Allotment date: September 5, 2025 (expected)
- Shares credited by: September 8, 2025
- Tentative listing date: September 9–10, 2025 on the BSE SME platform
Outlook:
With strong demand, robust order books, and a healthy Goel Construction IPO GMP, the company is poised for a promising market debut. Investors are keenly watching whether the final listing will reflect the grey-market premium.
Risk Disclaimer
This article is for informational purposes only and does not constitute investment advice. Grey market premiums are unofficial indicators and may fluctuate. Investors should consult a licensed financial advisor before making any investment decisions.
