Goel Construction IPO Subscription Status

Goel Construction IPO was subscribed 124.34 times on the final day of bidding, i.e., 4th September 2025, till 5:00 PM.

The subscription details show that the QIB portion was subscribed 124.20 times, the NII category 224.80 times, and the retail quota 88.61 times. In total, the company received bids for 31,77,75,200 shares against 25,55,600 shares available.

• Day 1 subscription: 2.58x
• Day 2 subscription: 11.50x
• Day 3 (final day) subscription: 124.34x

About Goel Construction Company

Goel Construction Company Limited (GCCL), established in 1997, is a fast-growing player in the construction and infrastructure sector. The company specializes in civil and structural works and has experience across industries such as cement plants, dairies, hospitals, steel, power plants, pharmaceuticals, and institutional projects. A strong order book and long-standing client relationships are among its major strengths.

To date, GCCL has successfully completed 18 projects worth ₹1,03,320.40 lakhs across states including Rajasthan, Madhya Pradesh, Maharashtra, Haryana, Punjab, Uttar Pradesh, Jharkhand, Odisha, and Karnataka. As of February 28, 2025, the company is executing 14 ongoing projects across 7 states. It also employs 1,168 permanent staff as of the same date.

Goel Construction Financials

• Revenue: ₹594.34 crore in FY25 vs ₹388.79 crore in FY24
• Net Profit: ₹38.32 crore in FY25 vs ₹22.64 crore in FY24

Goel Construction IPO GMP

As of Thursday, 4th September 2025, the GMP (Grey Market Premium) stood at ₹60. This implies that the IPO shares were trading at ₹322 in the grey market, reflecting a premium of ₹60 over the issue price of ₹262.