Goel Construction IPO GMP Price Band, Allotment, Subscription & Listing Details

Introduction

The Goel Construction SME IPO has opened for subscription on September 2, 2025, and will close on September 4, 2025. With an issue size of ₹100.15 crores, the IPO consists of both a fresh issue and an offer for sale. The shares will list on the BSE SME platform with a tentative listing date of September 10, 2025.

In this blog, we cover all details related to the Goel Construction IPO GMP (Grey Market Premium), IPO dates, price band, lot size, subscription data, allotment, listing date, and analysts’ recommendations.

Goel Construction IPO Overview

• IPO Size: ₹100.15 Crores

• Fresh Issue: 0.31 crore shares aggregating to ₹81.12 Cr

• Offer for Sale: 0.07 crore shares aggregating to ₹19.03 Cr

• Face Value: ₹10 per share

• Price Band: ₹250 – ₹263 per share

• IPO Open Date: September 2, 2025

• IPO Close Date: September 4, 2025

• Allotment Date: September 8, 2025 (Tentative)

• Listing Date: September 10, 2025 (Tentative)

• Listing Exchange: BSE SME

• Issue Type: Book Built Issue
  
  

Goel Construction IPO Lot Size & Minimum Investment

• Lot Size: 400 shares per lot

• Retail Minimum Investment: 2 lots = 800 shares = ₹2,10,400 (at upper price band)

• HNI Minimum Investment: 3 lots = 1,200 shares = ₹3,15,600
  
  

The higher minimum investment indicates that the IPO is targeted towards serious retail investors and HNIs who have a higher risk appetite.

Goel Construction IPO GMP (Grey Market Premium)

As of September 2, 2025 (12:32 PM), the Goel Construction IPO GMP is ₹48.

• Upper Price Band: ₹263

• GMP Today: ₹48

• Estimated Listing Price: ₹311 (₹263 + ₹48)

• Expected Gain: 18.25% per share

• Retail Subject to Sauda: ₹14,600
  
  

Based on the last 6 trading sessions, the GMP trend has been upward, with the highest GMP reaching ₹58. This suggests strong listing expectations if momentum continues.

Goel Construction IPO Subscription Status (Live Updates)

As of the latest data from BSE SME, the IPO subscription is as follows:

• Qualified Institutional Buyers (QIB): 7,08,400 Shares (27.72%)

• Non-Institutional Investors (NII): 5,32,800 Shares (20.85%)
  
  

• Small NII (SNII, below ₹10L): 1,77,600 Shares (6.95%)
  
  

• Big NII (BNII, above ₹10L): 1,64,800 Shares (6.45%)
  
  

• Retail Individual Investors (RII): 12,40,800 Shares (48.55%)

• Employees Quota: 73,600 Shares (2.88%)
  
  

The IPO subscription numbers are updated every 10 minutes during market hours.

How to Check Goel Construction IPO Allotment Status Online?

Applicants can check the Goel Construction IPO allotment status after finalization (expected on September 8, 2025). Steps:

1. Visit the Registrar’s official website.

2. Select Goel Construction SME IPO from the dropdown.

3. Enter PAN number, Application Number, or DP ID.

4. Click Search/Submit to view your allotment.
   
   

Goel Construction IPO Analyst Recommendations

So far, 1 research note has been captured:

• Subscribe: 0 Analysts

• May Apply (Neutral): 0 Analysts

• Avoid: 0 Analysts

• No Opinion: 1 Analyst
  
  

This means there is no clear institutional recommendation yet. However, with the GMP indicating positive listing gains, some retail investors may consider applying for short-term opportunities.

Key Highlights of Goel Construction IPO

• Total issue size of ₹100.15 Crores

• Price Band set at ₹250 – ₹263

• Lot Size: 400 shares

• Retail Investment: ₹2,10,400 (2 lots minimum)

• GMP stands at ₹48 today, pointing to strong listing gains

• Tentative listing date: September 10, 2025 on BSE SME
  
  

Conclusion

The Goel Construction IPO GMP is witnessing strong demand in the grey market, with GMP reaching ₹48 and signaling potential listing gains of around 18.25%. However, the IPO requires a high minimum investment of ₹2.1 lakhs, making it more suitable for investors with a larger risk appetite.

While there are no strong analyst recommendations yet, investors may track subscription demand, GMP movement, and company fundamentals before making a final decision.

FAQs on Goel Construction SME IPO

Q1. What is the issue size of Goel Construction IPO?
The IPO size is ₹100.15 crores