
Garuda Construction and Engineering
Mainboard₹14,915 / 157 Shares
IPO Details
Garuda Construction and Engineering IPO is priced between ₹92-95 per equity share, with a face value of ₹5 per share. The company's equity shares will be listed on the Mainboard, and Link Intime India Pvt Ltd is managing the issue as the registrar.
The IPO bidding period opened on 8 Oct, 2024, and closed on 10 Oct, 2024. The allotment results will be announced on 11 Oct, 2024, with a tentative listing date set for 15 Oct, 2024.
The total issue comprises Total ₹264.10 Cr :#Fresh Issue : 18,300,000 shares, amounting to ₹173.85 Cr.
Garuda Construction and Engineering IPO Highlights
IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
---|---|---|---|---|---|---|---|
Oct 8, 2024 - Oct 10, 2024 | 15 Oct, 2024 | ₹5 Per Equity Share | ₹92-95 per equity share | 157 Shares | 18,300,000 Shares | 9,500,000 shares of ₹5 | BSE, NSE |
Garuda Construction and Engineering IPO Timeline
Issue Price
₹92-95 per equity shareFace Value
₹5 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Pvt LtdMarket Lot
Retail: 157 Shares (₹14,915/-)S-HNI: 2,198 Shares (₹2,08,810/-)
B-HNI: 10,676 Shares (₹10,14,220/-)
Lead Manager
Corpwis Advisors Private LimitedIssue Size
Total ₹264.10 Cr :#Fresh Issue : 18,300,000 shares(aggregating up to ₹173.85 Cr) +
#OFS : 9,500,000 shares of ₹5(aggregating up to ₹90.25 Cr)
Retail Portion
35% (Number of Retail Applications: 61,975 Approx),(Number of S-HNI Applications : 632 Approx),(Number of B-HNI Applications : 1,265 Approx)Subscription
7.55 timesGaruda Construction and Engineering IPO Financial Information
Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
---|---|---|---|---|---|---|
31 Mar 24 | 228.49 | 154.47 | 36.44 | 119.01 | 81.65 | 0.15 |
31 Mar 23 | 176.35 | 161.02 | 40.8 | 82.61 | 70.13 | 0.19 |
31 Mar 22 | 111.03 | 77.03 | 18.78 | 41.79 | 29.34 | 11.99 |
All values are in ₹ Cr.
Garuda Construction and Engineering IPO Valuations
EPS PRE IPO 4.87 | EPS POST IPO 4.52 | PE PRE IPO 19.49 | PE POST IPO 21.03 | ROE 36.14% |
ROCE 46.69% | DEBT EQUITY - | RONW 30.62% | PAT MARGIN 23.63 | PRICE TO BOOK VALUE 5.97 |
About Company
Garuda Construction and Engineering Limited was incorporated on 21st day of September, 2010, and is a fast-emerging civil construction company undertaking comprehensive construction services in residential, commercial, industrial, and infrastructure projects. Garuda has established itself as a quality and innovative trailblazer and earned a good name in the industry.
The company specializes in the construction of concrete and steel structures that are not only strong but also durable, offering customers a total solution with MEP solutions. Garuda is proud to be offering its services-from conceptual design to actual project completion-to ensure that all projects meet its commitment to excellence.
Renowned for its expertise in hospitality development, Garuda consistently delivers projects that not only meet but exceed client expectations. The firm also offers comprehensive operations and maintenance services, ensuring the sustainability and long-term performance of every structure built.
Garuda’s mission is to drive the future of urban development by creating sustainable, innovative, and beautifully designed structures. With a focus on efficiency, client satisfaction, and the use of top-quality materials, Garuda is committed to enhancing urban landscapes with state-of-the-art construction that reflects its core values of social responsibility and design excellence.
Garuda Construction and Engineering IPO Subscription Details
As on | QIB | NII bNII sNII | Retail | Total |
---|---|---|---|---|
Shares Offered / Reserved | 6,004,862 | 4,170,000 2,780,000 1,390,000 | 9,730,000 | 19,904,862 |
Day 1 - 08-10-24 05:00 PM | 0.02 x | 1.10 0.45 x 2.39 x | 3.43 x | 1.91 x |
Day 2 - 09-10-24 05:00 PM | 0.91 x | 2.58 1.32 x 5.10 x | 6.73 x | 4.10 x |
Day 3 - 10-10-24 05:00 PM | 1.24 x | 9.03 7.93 x 11.23 x | 10.81 x | 7.55 x |
Retail:11.24x
BHNI:1.53x
SHNI:10.11x times
Garuda Construction and Engineering IPO - Issue Objectives
- Working Capital Requirements
- General Corporate Expenses and unidentified inorganic acquisitions
- Cover the Issue Expenses
Garuda Construction and Engineering
201, A Wing, Fortune 2000 C -3 Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051Phone: +91 22 79635174
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: garudaconstructions.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html