Goel Construction Share Price Hit 5% Upper Circuit on Strong BSE SME Debut

Goel Construction Company Ltd (GCCL) made a strong entry on the BSE SME today. The stock opened at ₹302.50, nearly 15% higher than its IPO price of ₹263, and soon hit the 5% upper circuit. During the session, it touched a high of ₹317.60 and a low of ₹302.05.

IPO Subscription and Details

The IPO ran from September 2–4, 2025, with shares priced between ₹250 and ₹263 and a minimum lot size of 400 shares. The issue was a huge success, oversubscribed 124.34 times.

• Fresh issue: ₹80.81 crore
• OFS: ₹18.96 crore by promoters
• Allocation: 46.48% QIBs, 13.96% NIIs, 32.56% retail, 76,000 shares for employees.
  Funds will be used to buy new equipment (₹41.74 crore), repay debt (₹23.05 crore), and meet general corporate needs.

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Business Operations

Founded in 1997, GCCL is engaged in civil and structural construction. Its expertise includes cement plants, power facilities, dairies, hospitals, and industrial projects. The company has completed 19 projects worth ₹1,13,499 lakh and is currently handling 14 projects across 8 states with an order book of ₹59,660 lakh.

The company operates in several states, including Rajasthan, Gujarat, Chhattisgarh, Odisha, and Uttar Pradesh. It owns a fleet of 202 construction machines such as boom placers, mixers, excavators, and cranes, which ensures efficient and timely project execution.

Conclusion

Goel Construction’s robust listing on the BSE SME, backed by high investor demand and a strong order book, reflects growing confidence in its execution capabilities and sector outlook. With funds raised to expand equipment and reduce debt, the company is well-positioned for future growth.

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