The Goel Construction Company Ltd. IPO has created significant buzz in the market with overwhelming investor demand. The SME IPO, listed on the BSE SME platform, witnessed strong subscription across all investor categories, supported by robust fundamentals and a healthy grey market premium (GMP).
Retail investors, institutional buyers, and HNIs have all shown confidence in the issue, making it one of the most talked-about SME IPOs of September 2025.
📊 Goel Construction Company Ltd. IPO Details
- IPO Open Date: September 2, 2025
- IPO Close Date: September 4, 2025
- Price Band: ₹250 – ₹263 per share
- Issue Size: ₹99.77 crore
- Fresh Issue: ₹80.81 crore
- Offer for Sale: ₹18.96 crore
- Lot Size: 400 shares
- Minimum Investment (Retail): ₹2,10,400 (at upper band)
- Listing Exchange: BSE SME
📈 Subscription Status (As on September 4, 2025)
The IPO saw remarkable investor participation and closed with an overall subscription of 50.5 times.
- Qualified Institutional Buyers (QIBs): 46×
- Non-Institutional Investors (NIIs/HNIs): 73×
- Retail Investors: 42×
Such oversubscription indicates strong confidence in the company’s future growth potential.
💹 Grey Market Premium (GMP) Trend
The Goel Construction IPO GMP has remained strong in the unofficial grey market.
- Current GMP: ₹57 – ₹60 per share
- Expected Listing Price: Around ₹320 per share
- Premium Over Issue Price: Nearly 21–23%
This strong GMP signals high listing gains for successful allottees.
🗓️ IPO Timeline
| Event | Date |
|---|---|
| IPO Open Date | September 2, 2025 |
| IPO Close Date | September 4, 2025 |
| Basis of Allotment | September 8, 2025 |
| Refunds/Share Credit | September 9, 2025 |
| IPO Listing Date | September 10, 2025 |
🏗️ About Goel Construction Company Ltd.
Goel Construction Company Ltd. is a leading infrastructure and construction firm engaged in:
- Residential and commercial construction projects
- Industrial infrastructure development
- Road and highway projects
- Civil engineering works
The company has a track record of delivering projects on time and maintaining high construction quality, which has helped build its strong reputation in the industry.
🔍 Market Impact and Investor View
- Positive Factors:
- Strong order book in infrastructure development
- Consistent revenue growth and profitability
- Growing demand for construction services in India
- Risks to Consider:
- SME IPO – lower liquidity compared to mainboard listings
- Project execution delays can affect margins
- Market volatility could impact listing day performance
Analyst Outlook: With robust subscription, high GMP, and growth prospects in the construction sector, the IPO is expected to deliver listing gains. Long-term investors may also consider it for portfolio diversification in infrastructure plays.
📝 Final Thoughts
The Goel Construction Company Ltd. IPO has received an overwhelming response from all categories of investors. With strong fundamentals, healthy grey market premium, and oversubscription of over 50 times, the IPO looks promising for both short-term listing gains and long-term growth opportunities.
Investors now await the allotment date (Sept 8, 2025) to check if they have secured shares.
Subscription
| Investor | 02 Sep 2025 | 03 Sep 2025 | 04 Sep 2025 |
|---|---|---|---|
| Anchor | 0 | 0 | 0 |
| QIB | 3.50 | 6.49 | 124.20 |
| Non-Institutional | 2.01 | 19.25 | 224.80 |
| BNII | 4.40 | 46.86 | 280.68 |
| SNII | 1.93 | 14.25 | 113.03 |
| Retail | 2.42 | 11.68 | 88.61 |
| Emp | 2.58 | 0.82 | 1.01 |
| Total | 2.38 | 11.50 | 124.34 |
GMP Trend:
| Date | GMP |
|---|---|
| 02 Sep 2025 | ₹55 |
| 03 Sep 2025 | ₹60 |
| 04 Sep 2025 | ₹48(18.25%) |
It should be noted that IPO GMP is subject to extreme volatility, so an investment decision based solely on Patel Retail IPO GMP will prove risky. Therefore, before to investing, consider all factors and make the right investment decision whether to invest in Patel Retail IPO or not.
How to Check IPO Allotment Status:
MUFG Intime India
To check IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
NSE Website
To check IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
BSE Webiste
To check IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
📌 Stock Market Disclaimer
- Disclaimer: This post is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy/sell any stock or share. Investing in the stock market involves risk. Past performance is not indicative of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.
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- ⚠️ IPO (Initial Public Offerings)
- IPO details, issue size, subscription data, and allotment status shared here are based on publicly available information from company filings, stock exchanges, and merchant bankers.
- Investing in IPOs carries risks including listing volatility, business uncertainties, and sector performance dependency.
- Neither acceptance of applications nor allotment guarantees profits. Investors should evaluate their risk appetite before subscribing.
- ⚠️ GMP (Grey Market Premium)
- Grey Market Premium (GMP) is an unofficial and unregulated indicator of expected IPO listing price.
- GMP data is collected from market observers and informal trading circles; it does not have any legal or SEBI recognition.
- GMP values are highly speculative and may differ significantly from actual listing prices. Investors should not rely solely on GMP while taking investment decisions.
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