Goel Construction Share Price Surges 5% Upper Circuit in Stock Market Today

Market Performance

Goel Construction share price made an impressive debut on the BSE SME today, locking in a 5% upper circuit. The stock opened at ₹302.50, marking a 15% jump from its issue price of ₹263. Throughout the trading session, the share touched an intraday high of ₹317.60 and an intraday low of ₹302.05, reflecting strong market interest.

The IPO subscription had created anticipation among investors. During the subscription period from September 2 to September 4, the Goel Construction IPO was oversubscribed by 124.34 times, indicating robust demand and investor confidence in the company.

Main News: Strong IPO Debut

Goel Construction Company Limited (GCCL) has captured investor attention with its successful listing. The stock’s performance reflects a combination of strong fundamentals, credible project portfolio, and strategic growth across India.

• IPO Pricing: ₹250–₹263 per share
• Face Value: ₹10
• Shares Offered: 38.08 lakh
  • Qualified Institutional Buyers (QIBs): 46.48%
  • Non-Institutional Investors (NIIs): 13.96%
  • Retail Investors: 32.56%
  • Employee Reservation: 76,000 shares

The fresh issue will raise ₹80.81 crore, while promoters’ Offer for Sale (OFS) amounts to ₹18.96 crore. Funds from the fresh issue are allocated for:

• Equipment and fleet expansion: ₹41.74 crore
• Debt repayment: ₹23.05 crore
• General corporate purposes

Market makers for the IPO are Choice Equity Broking Pvt. Ltd. and Rikhav Securities Ltd., with Srujan Alpha Capital Advisors LLP as the book running lead manager and MUFG Intime India Pvt. Ltd. as the registrar.

Company Details: Goel Construction Limited

Founded in 1997, Goel Construction operates across multiple sectors in the construction and infrastructure industry. GCCL specializes in civil and structural construction, serving industries like cement, steel, power, pharmaceuticals, dairies, hospitals, and institutional projects.

Key highlights of GCCL’s operations:

• Completed Projects: 19 projects totaling ₹1,13,499.37 lakhs across various Indian states
• Ongoing Projects: 14 projects in 8 states, with an order book of ₹59,660.28 lakhs
• Geographical Footprint: Rajasthan, Andhra Pradesh, Haryana, Gujarat, Chhattisgarh, Jharkhand, Madhya Pradesh, Odisha, Punjab, Maharashtra, Karnataka, Uttar Pradesh
• Machinery & Equipment: 202 units, including boom placers, transit mixers, excavators, tipper trucks, compactors, rollers, tower cranes, backhoe loaders, batching plants, and hydra cranes

GCCL’s extensive asset base enables timely project delivery while maintaining operational efficiency, giving the company strong visibility for upcoming revenues.

Summary of the Article

Goel Construction share price today reflected strong investor enthusiasm following a successful IPO on BSE SME. With a 15% jump on listing, the company’s debut demonstrates market confidence in its solid project portfolio and operational capabilities.

• IPO heavily oversubscribed at 124.34 times
• Strong allocation across QIBs, NIIs, and retail investors
• Focused use of funds on equipment expansion and debt repayment
• Pan-India operational footprint with diverse industrial projects

Investors and market watchers are closely tracking Goel Construction share price today, drawn by the company’s strong track record of timely project delivery and consistent reliability.