Goel Construction IPO Opens On September 2, Subscription Status, IPO GMP To Lot Size | Check Full Details

Goel Construction IPO Opens Today: SME IPO of Goel Construction Limited (Ltd) opened on Tuesday, September 2. The issue has been subscribed to around 1.24 times till now. The issue will conclude on Thursday, September 4.

Goel Construction IPO Opens Today | Latest Subscription Status

Goel Construction IPO grey market premium (GMP) indicated a strong listing on the NSE and BSE. As the issue opens on Tuesday, here are all the details you need to know.

Goel Construction IPO Supscription Status

The issue has been subscribed around 1.49 times which includes 0.90 times subscription in the retail category, 3.5 times subscription in the QIB category, and 0.4 times subscription in the NII category by September 2 till 12:14 pm.

Goel Construction IPO GMP Today

The Goel Construction IPO GMP today stood at Rs 58 per share, according to investorgain.com website at 11:34 am on Tuesday. Which means that the Goel Construction IPO listing is expected to be at Rs 321 per share (including CMP and cap price). The SME IPO's expected percentage gain/loss per share is 22.05%.

Goel Construction IPO GMP is on an upward trajectory, with the lowest GMP standing at Rs 0 and the highest GMP at Rs 58.

Goel Construction IPO Lot Size

Goel Construction IPO has a book build issue of Rs 100.15 crores. The issue is a combination of fresh issue of 0.31 crore shares aggregating to Rs 81.12 crores. The IPO opened for offer for sale (OFS) stood at 0.07 crore shares, equating to Rs 19.03 crores.

Goel Construction IPO Key Dates

The Rajasthan-headquartered company's IPO opened for subscription on Tuesday, September 2. The issue will conclude on September 4. Being an SME IPO, retail investors are likely to invest a higher amount of money for subscription compared to other mainboard IPOs.

Goel Construction IPO Price Band

The IPO has fixed a price band of Rs 250-263 poer share. The lot size for application has been fixed to 400. A retail investor is required to put a minimum amount of Rs 2,10,400 for 800 shares. Whereas, the minimum lot size investment for HNI is three lots, ie 1,200 shares worth Rs 3,15,000.

About Goel Construction IPO

Formed in 1997, Goel Construction Limited has a strong presence in the construction and infrastructure industry. With a stronghold in these two segments, the company will have a strong presence in other sectors as well. GCCL is also engaged in other civil and structural works, including spanning cement plants, dairies, hospitals, steel, power plants, pharmaceuticals and institutional projects.

Keeping a strong focus on cement plants, power plants, dairy plants and other industrial facilities, the company has delivered around 19 projects with an aggregate contract value of Rs 1,13,499.37 lakhs.

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