B.R.Goyal Infrastructure Ltd - IPO

B.R.Goyal Infrastructure Ltd IPO Details

Initial public issue of upto 64,32,000 equity shares of Rs. 10/- each (Equity Shares) of B.R.Goyal Infrastructure Limited (BRGIL, or the Company or the Issuer) for cash at a price of Rs. [*]/- per equity share including a share premium of Rs. [*]/- per equity share (the Issue Price), aggregating to Rs. [*] crores (The Issue), of which upto [*] equity shares of Rs. 10/- each for cash at a price of Rs. [*]/- per equity share including a share premium of Rs. [*]/- per equity share aggregating to Rs. [*] crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion) and upto [*] equity shares aggregating up to Rs. [*] crores for subscription by eligible employees (as defined hereinafter) (the Employee Reservation Portion). The issue less market maker reservation portion i.e. issue of upto [*] equity shares of Rs. 10/- each including a share premium of Rs. [*]/- per equity share aggregating to Rs. [*] crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute [*] % and [*] %, respectively of the post issue paid up equity share capital of the company.The company, in consultation with the brlm, may consider a further issue of equity shares through a private placement, preferential offer or any other method as may be permitted under applicable law to any person(s), aggregating up to Rs. [*] crores, at its discretion, with the roc (pre-ipo placement). The pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlm. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the issue, subject to compliance with rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended (scrr). The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the issue. Prior to the completion of the issue and the allotment pursuant to the pre-ipo placement, the company shall appropriately intimate the subscribers to the pre-ipo placement, that there is no guarantee that the company may proceed with the issue or the offer may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken) shall be appropriately made in the relevant sections of the rhp and prospectus.The face value of the equity shares is Rs. 10.00 each. The price band will be decided by the company.

Objective of issue

Funding capital expenditure requirements of the company. Funding working capital requirements of the company. General corporate purposes.

B.R.Goyal Infrastructure Ltd Contact Details

B.R.Goyal Infrastructure Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@brginfra.in

Website - www.brginfra.com