B.R.Goyal SME IPO Subscription Status
B.R.Goyal SME IPO closed on 9 January 2025 with an overall subscription of 118.08x based on shares applied. QIB demand came in at 69.88x, NII at 256.90x, and retail at 88.27x.
Allotment will be finalised on 10 January 2025. The stock is scheduled to list on NSE and BSE on 14 January 2025.
Issue Price
Rs 135.00
GMP Today
Rs 12.00 (+8.89%)
Overall Subscription
118.08x
Issue Size
₹85.21 Cr
Allotment Date
10 Jan 2025
Listing Date
14 Jan 2025
B.R.Goyal SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 135.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 16.09 Cr | Rs 1,124.52 Cr | 69.88x |
| NII | Rs 12.07 Cr | Rs 3,100.50 Cr | 256.90x |
| IND | Rs 28.16 Cr | Rs 2,485.71 Cr | 88.27x |
| Total | Rs 56.32 Cr | Rs 6,710.74 Cr | 119.15x |
B.R.Goyal SME IPO Subscription by Shares
Category-wise subscription based on shares bid. Application-wise bid counts are not available for this IPO yet.
| Category | Shares Offered | Shares Bid | Subscription |
|---|---|---|---|
| QIB | 11,92,000 | 8,32,98,000 | 69.88x |
| NII | 8,94,000 | 22,96,67,000 | 256.90x |
| IND | 20,86,000 | 18,41,27,000 | 88.27x |
| Total | 41,72,000 | 49,70,92,000 | 119.15x |
What Do These Subscription Numbers Mean?
A subscription of 118.08x by shares means the IPO received bids for 118 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 69.88x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 69.88x, it reflects serious institutional conviction.
NII at 256.90x by shares: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription.
Retail at 88.27x by shares: Allotment is by lottery, but application-wise data is needed for accurate 1-in-X odds. Share oversubscription often overstates how hard allotment is.
B.R.Goyal SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Share subscription: 88.27x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
Check the B.R.Goyal SME IPO Allotment Status page from 10 January 2025 for your allotment result.
B.R.Goyal SME IPO GMP After Subscription
GMP for B.R.Goyal SME stands at Rs 12.00 today, giving an estimated listing price of Rs 147.00 per share.
A subscription of 118.08x combined with a GMP of 8.89% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the B.R.Goyal SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
B.R.Goyal SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 7 Jan 2025 | 0.00x | 0.93x | 2.72x | 1.55x |
| Day 2 - 8 Jan 2025 | 4.04x | 8.01x | 13.44x | 9.51x |
| Day 3 - 9 Jan 2025 | 69.88x | 256.90x | 88.27x | 118.08x |
B.R.Goyal SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 7 January 2025 |
| IPO Close Date | 9 January 2025 |
| Allotment Date | 10 January 2025 |
| Refund Initiation | 11 January 2025 |
| Share Credit to Demat | 11 January 2025 |
| Listing Date | 14 January 2025 |
| Minimum Investment | Rs 2,70,000.00 |
| Lot Size | 1000 shares |
About B.R.Goyal SME
B. R. Goyal Infrastructure Limited is engaged in the business of construction of infrastructure projects such as roads, highways, bridges and buildings.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
B.R.Goyal SME IPO Subscription FAQs
What is B.R.Goyal SME IPO subscription status today?
B.R.Goyal SME IPO subscription closed on 9 January 2025 with overall subscription of 118.08x (by shares) as of 27 June 2026, 2:01 AM IST. QIB 69.88x, NII 256.90x, IND 88.27x.
What is the overall subscription of B.R.Goyal SME IPO?
B.R.Goyal SME IPO is subscribed 118.08x overall by shares at close on 9 January 2025. QIB 69.88x, NII 256.90x, and IND 88.27x.
What is B.R.Goyal SME IPO QIB subscription?
B.R.Goyal SME IPO QIB (Qualified Institutional Buyers) subscription is 69.88x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is B.R.Goyal SME IPO IND subscription?
B.R.Goyal SME IPO IND subscription is 88.27x by shares. Minimum retail bid is up to Rs 2 lakh per PAN.
What is B.R.Goyal SME IPO NII subscription?
B.R.Goyal SME IPO NII (Non-Institutional Investors) subscription is 256.90x by shares. NII covers bids above Rs 2 lakh.
What are allotment chances in B.R.Goyal SME IPO for retail?
B.R.Goyal SME IPO retail share subscription is 88.27x. Application-wise data is needed for accurate lottery odds.
When is B.R.Goyal SME IPO allotment date?
B.R.Goyal SME IPO allotment date is 10 January 2025. Check B.R.Goyal SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does B.R.Goyal SME IPO subscription close?
B.R.Goyal SME IPO subscription closed on 9 January 2025. No new applications are accepted after the close.
What is B.R.Goyal SME IPO GMP today?
B.R.Goyal SME IPO GMP is ₹12 today (+8.89% over issue price ₹135). See live GMP on the B.R.Goyal SME IPO GMP Today page.
What is B.R.Goyal SME IPO issue price and lot size?
B.R.Goyal SME IPO issue price is ₹135 per share. Lot size is 1000 shares. Minimum investment is ₹2,70,000 per lot (minimum 2 lots for SME). Issue size: ₹85.21 Cr.
When is B.R.Goyal SME IPO listing date?
B.R.Goyal SME IPO listing date is 14 January 2025 on NSE and BSE. Allotment is on 10 January 2025.
How does subscription affect B.R.Goyal SME IPO allotment?
Allotment odds in B.R.Goyal SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII uses proportional allotment by applications. At 118.08x overall, competition is very high.
For allotment results from 10 January 2025, visit the B.R.Goyal SME IPO Allotment Status page. For listing day updates on 14 January 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.