Garuda Construction and Engineering

Garuda Construction and Engineering

Mainboard

₹14,915 / 157 Shares

Offer Date:Oct 8, 2024 - Oct 10, 2024
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Garuda Construction and Engineering IPO Details

The Garuda Construction and Engineering IPO price band is set between ₹92-95 per equity share, with a face value of ₹5 per share. The issue is managed by Link Intime India Pvt Ltd, and the equity shares are proposed to be listed on the Mainboard.

The IPO date for subscription opens on 8 Oct, 2024 and closes on 10 Oct, 2024. Investors can check the allotment status on 11 Oct, 2024, while the listing date is tentatively scheduled for 15 Oct, 2024.

The total issue size is Total ₹264.10 Cr :#Fresh Issue : 18,300,000 shares, aggregating up to ₹173.85 Cr. Stay tuned for the latest Garuda Construction and Engineering IPO review and GMP updates.

Garuda Construction and Engineering IPO Review, Rating & Analysis

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Garuda Construction and Engineering IPO Rating

Garuda Construction and Engineering IPO Highlights

IPO Date

Oct 8, 2024 - Oct 10, 2024

Listing Date

15 Oct, 2024

Face Value

₹5 Per Equity Share

Price Band

₹92-95 per equity share

Lot Size

157 Shares

Fresh Issue

18,300,000 Shares

Offer for Sale

9,500,000 shares of ₹5

Listing At

BSE, NSE

Garuda Construction and Engineering IPO Lot Size

The minimum market lot for Garuda Construction and Engineering IPO is 157 shares with an application amount of ₹14,915. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.

ApplicationLotsSharesAmount
Retail (Min)1157₹14,915
Retail (Max)132041₹1,93,895
S-HNI (Min)142198₹2,08,810
S-HNI (Max)6710519₹9,99,305
B-HNI (Min)6810676₹10,14,220

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

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)

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

Promoters & Share Holding

Promoter(s) Name

  • Pravinkumar Brijendra Kumar Agarwal
  • PKH Ventures Limited
  • Makindian Township Private Limited
Share Holding Pre IssueShare Holding Post Issue
96.18%67.56%

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 PM
0.02 x
1.10

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

1.32 x   5.10 x
6.73 x4.10 x
Day 3 -10-10-24 05:00 PM
1.24 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

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

Frequently Asked Questions about Garuda Construction and Engineering IPO

When will Garuda Construction and Engineering IPO open for subscription?

The Garuda Construction and Engineering IPO opens on 8 Oct, 2024 and closes on 10 Oct, 2024.

What is the investors portion for Garuda Construction and Engineering IPO?

The investors' portion for QIB is 1.24 x, NII is 7.93 x, and Retail is 10.81 x.

How to apply for Garuda Construction and Engineering IPO?

You can apply for Garuda Construction and Engineering IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.

What is the issue size of Garuda Construction and Engineering IPO?

The issue size of Garuda Construction and Engineering IPO is approx ₹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) crores.

What is the price band of Garuda Construction and Engineering IPO?

The price band for Garuda Construction and Engineering IPO is ₹92 to ₹95 per equity share.

What is the lot size of Garuda Construction and Engineering IPO?

The minimum bid (lot size) for Garuda Construction and Engineering IPO is N/A shares with an investment of approx ₹14,915 .

What is the allotment date of Garuda Construction and Engineering IPO?

The allotment date for Garuda Construction and Engineering IPO is 11 Oct, 2024.

What is the listing date of Garuda Construction and Engineering IPO?

The listing date for Garuda Construction and Engineering IPO is expected to be 15 Oct, 2024.

What is the GMP of Garuda Construction and Engineering IPO?

The latest Grey Market Premium (GMP) for Garuda Construction and Engineering IPO is being updated regularly on IPOROCK.

PD

Parth D.

Founder & Lead Analyst

Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.

Garuda Construction and Engineering IPO Date, Review, Price, Allotment Details, GMP | IPOROCK