BR Goyal Infrastructure IPO Share Allotment Today: Here’s How To Check Status And Latest GMP

BR Goyal Infrastructure IPO share allotment is likely to be finalised on Jan. 10, after strong interest from investors during the three-day bidding window from Jan. 7 to Jan. 9 . The BSE SME issue witnessed strong demand across investor categories with non-institutional investors (NIIs) leading from the front. 

Overall, BR Goyal IPO was subscribed 118.08 times, with investors applying for 49,71,34,000 shares against 42,10,000 shares on offer. The quota reserved for NIIs was subscribed 256.9 times, while retail investors bid for 88.27 times the shares set aside for them. The BR Goyal IPO was booked 69.88 times in the qualified institutional buyers (QIBs) segment, while employees booked 1.11 times their portion.

The Rs 85.21-crore BR Goyal IPO, which was a fresh issue of 63.12 lakh shares offered at Rs 128 to Rs 135 apiece. The shares of the company are slated to list on BSE SME on Jan. 14.

Investors who placed their bids for the BR Goyal IPO can check their share allotment status on the websites of BSE and the issue’s registrar, Link Intime India Pvt., by following the steps mentioned below.

• Open the Application Status page on BSE website here.

• Choose 'Equity' as the issue type.

• Select 'BR Goyal Infrastructure Ltd.' from the issue name dropdown.

• Enter the application number of the IPO or PAN details.

• Check on the ‘I am not a Robot’ box.

• Click on the Submit button to check the details of the allotment status.

• Go to the IPO allotment page on Link Intime India here.

• Under the list of companies option, choose 'BR Goyal Infrastructure'.

• Choose between the Application Number, Demat account number or PAN.

• Type in the details based on the option you chose in the last step.

• Clear Captcha.

• View allotment status after clicking Submit.

The grey market premium of BR Goyal IPO fell to Rs 45 at 8.57 am on Jan. 10 as compared to Rs 60 on Jan. 8, as per InvestorGain. However, the unlisted share price indicates a listing gain of 33.33% over the upper band of the issue price, projecting a debut price of Rs 180 apiece.

Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.

BR Goyal Infrastructure Ltd. will use a part of its IPO proceeds to meet inorganic growth initiatives, including acquisitions. The proceeds will also be used for capital expenditure, working capital needs and general corporate purposes.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.