Goel Construction IPO Subscription Status

Goel Construction IPO witnessed a strong response on the very first day, getting subscribed 2.58 times by 5.00 PM on 2nd September 2025.

• QIB Portion (Qualified Institutional Buyers): Subscribed 3.50 times
• NII Portion (Non-Institutional Investors): Subscribed 2.01 times
• RII Portion (Retail Individual Investors): Subscribed 2.42 times

Overall, the company received bids for 65,89,200 equity shares against the total issue size of 25,55,600 shares offered on Day 1. This reflects a healthy investor appetite, particularly driven by strong participation from institutional buyers.

About Goel Construction Company

Goel Construction Company Limited (GCCL), incorporated in 1997, is a fast-growing player in the construction and infrastructure sector. The company primarily focuses on civil and structural engineering works, catering to diverse industries such as cement, dairies, healthcare (hospitals), steel, power, pharmaceuticals, and institutional projects.

Some key strengths of the company include:

• A robust order book with multi-sector projects.
• Long-term client relationships built on trust and consistent delivery.
• Experienced technical team and a strong execution track record.

As of February 28, 2025, Goel Construction has successfully executed 18 large-scale projects worth approximately ₹1,03,320.40 lakhs across states including Rajasthan, Madhya Pradesh, Maharashtra, Haryana, Punjab, Uttar Pradesh, Jharkhand, Odisha, and Karnataka. Currently, the company is engaged in 14 ongoing projects across 7 states, ensuring steady revenue visibility.

The company’s workforce comprises 1,168 permanent employees, with additional contract staff deployed based on project requirements.

Goel Construction Financial Performance

Goel Construction has demonstrated consistent growth in both revenue and profitability over the past years:

• FY 2024: Revenue of ₹388.79 crores with a Net Profit of ₹22.64 crores.
• FY 2025: Revenue increased to ₹594.34 crores, while Net Profit rose to ₹38.32 crores, marking a strong YoY growth.

This financial strength is backed by an expanding project pipeline and operational efficiency.

Goel Construction IPO GMP (Grey Market Premium)

As of Tuesday, 2nd September 2025, the GMP (Grey Market Premium) of Goel Construction IPO stood at ₹58. This implies the IPO shares are trading in the grey market at around ₹320, which is ₹58 higher than the issue price of ₹262. The positive GMP indicates strong investor sentiment and expectations of listing gains.