Goel Construction IPO Subscription Status

Goel Construction IPO witnessed strong demand on its second day, being subscribed 11.50 times by 3rd September 2025 (till 5:00 PM).

• QIB (Qualified Institutional Buyers): 6.49x
• NII (Non-Institutional Investors): 19.25x
• RII (Retail Individual Investors): 11.68x

The IPO received bids for 2,94,00,800 equity shares against 25,55,600 shares on offer, indicating robust investor participation.

• Day 2 Subscription: 11.50x
• Day 1 Subscription: 2.58x

About Goel Construction Company Limited (GCCL)

Incorporated in 1997, Goel Construction Company Limited (GCCL) is a fast-growing infrastructure and construction services provider. The company primarily focuses on civil and structural works, with expertise across multiple sectors such as:

• Cement plants
• Steel & Power plants
• Pharmaceutical projects
• Hospitals & Institutional Buildings
• Dairies and Industrial Structures

The company’s strong order book, repeat clientele, and long-standing customer relationships are its key strengths.

So far, GCCL has successfully delivered 18 projects worth ₹1,03,320.40 lakhs across states like Rajasthan, Madhya Pradesh, Maharashtra, Haryana, Punjab, Uttar Pradesh, Jharkhand, Odisha, and Karnataka.

As of 28th February 2025, the company is handling 14 ongoing projects across 7 states of India.
The company also employs a workforce of 1,168 permanent employees as of the same date.

Goel Construction Financial Highlights

• Revenue (FY 2025): ₹594.34 crores (vs. ₹388.79 crores in FY 2024)
• Profit (FY 2025): ₹38.32 crores (vs. ₹22.64 crores in FY 2024)

This shows a growth of 52.83% in revenue and a profit jump of 69.24% year-on-year, reflecting operational efficiency and improved margins.

Goel Construction IPO GMP (Grey Market Premium)

As of Wednesday, 3rd September 2025, the Goel Construction IPO GMP stood at ₹55.
This suggests the IPO shares are trading at around ₹317 in the grey market, implying a premium of ₹55 over the issue price of ₹262.