Goel Construction IPO

About Goel Construction IPO

The company’s Initial Public Offering (IPO) opens on September 2, 2025, and closes on September 4, 2025. The lot size is 400 shares, with a minimum and maximum retail investment of ₹2,09,600 (2 lots).

Goel Construction specialises in construction contracting. It focuses on industrial and infrastructure projects, particularly cement, power, and dairy plants. One notable completed project is the civil construction of a Grinding Unit in Bokaro, Jharkhand, finished in 2023 with an order size of ₹5,487.48 lakhs.

Over the past 4 years, the company has successfully executed 19 projects across multiple states, with an aggregate contract value of ₹1,13,499.37 lakhs. As of June 30, 2025, 14 projects remain ongoing across 8 states, supported by an order book of ₹59,660.28 lakhs.

The company has expanded its presence in states including Rajasthan, Andhra Pradesh, Haryana, Gujarat, Chhattisgarh, Jharkhand, Madhya Pradesh, Odisha, Punjab, Maharashtra, Karnataka, and Uttar Pradesh. Its strong track record and geographic diversity position it well in the industrial construction sector.

Goel Construction IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

1. The company will invest ₹4,174.38 lakhs to purchase additional construction equipment and fleet. This includes modern machinery like batching plants, JCBs, tower cranes, and boom pumps to improve operational efficiency and reduce reliance on hired equipment.
2. The company intends to repay ₹2,305.25 lakhs of outstanding loans related to construction equipment. These repayments will reduce the company’s debt burden and enhance financial flexibility.
3. The remaining proceeds will be used for general corporate purposes. This includes funding strategic initiatives, business development, marketing, and contingencies, limited to 15% of the gross proceeds or ₹10 crores, whichever is lower.

Industry Outlook

1. India’s cement industry has grown rapidly, with installed capacity rising from 532 MMT in FY2020 to 690 MMT in FY2025 at a CAGR of 5.3%. This growth is driven by rising demand from infrastructure projects, urbanization, and government initiatives promoting connectivity and development.
2. Despite being the world’s second-largest cement producer, India’s per capita consumption (250-270 kg) is much lower than the global average (500-550 kg), indicating substantial room for growth as urbanization and infrastructure development continue to accelerate.
3. Key states like Rajasthan, Andhra Pradesh, and Maharashtra contribute nearly 87% of cement production. The industry is expected to add 150-160 MMT of capacity by FY2028, supported by massive infrastructure investments under government programs like the National Infrastructure Pipeline.

How To Apply for the Goel Construction IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Goel Construction IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

How To Check the Allotment Status of Goel Construction IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Goel Construction IPO

Registered office: 8, Vashisth Marg, Gom Defence, Vaishali Nagar, Jaipur, Rajasthan, 302001

Phone:0141-2365121

E-mail:info@goelconstruction.co.in

Goel Construction IPO Reservation

Goel Construction IPO Lot Size Details

Goel Construction IPO Promoter Holding

The company's promoters are: 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. They together hold a 97.70% stake in the company

Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.