Garuda Construction and Engineering

Garuda Construction and Engineering

Mainboard

₹14,915 / 157 Shares

Offer Date:Oct 8, 2024 - Oct 10, 2024
Share

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 DateListing DateFace ValuePrice BandLot SizeFresh IssueOffer for SaleListing At
Oct 8, 2024 - Oct 10, 202415 Oct, 2024₹5 Per Equity Share₹92-95 per equity share157 Shares18,300,000 Shares 9,500,000 shares of ₹5BSE, NSE

Garuda Construction and Engineering IPO Timeline

IPO Open Date
8 Oct, 2024
IPO Close Date
10 Oct, 2024
Basis of Allotment
11 Oct, 2024
Listing Date
15 Oct, 2024

Issue Price

₹92-95 per equity share

Face Value

₹5 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Pvt Ltd

Market 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 Limited

Issue 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 times

Garuda Construction and Engineering IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 24228.49154.4736.44119.0181.650.15
31 Mar 23176.35161.0240.882.6170.130.19
31 Mar 22111.0377.0318.7841.7929.3411.99

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.

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Garuda Construction and Engineering IPO Subscription Details

As onQIBNII
bNII  sNII
RetailTotal
Shares Offered / Reserved6,004,862
4,170,000

2,780,000    1,390,000
9,730,00019,904,862
Day 1 - 08-10-24 05:00 PM0.02 x
1.10

0.45 x   2.39 x
3.43 x1.91 x
Day 2 - 09-10-24 05:00 PM0.91 x
2.58

1.32 x   5.10 x
6.73 x4.10 x
Day 3 - 10-10-24 05:00 PM1.24 x
9.03

7.93 x   11.23 x
10.81 x7.55 x
Total No. of Applications:7,05,000 (Approx)
Retail Subscription:

Retail:11.24x

BHNI:1.53x

SHNI:10.11x times

Garuda Construction and Engineering IPO - Issue Objectives

  1. Working Capital Requirements
  2. General Corporate Expenses and unidentified inorganic acquisitions
  3. Cover the Issue Expenses
Company Contact Details

Garuda Construction and Engineering

201, A Wing, Fortune 2000 C -3 Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051
Registrar Contact Details

Link Intime India Private Ltd