
Garuda Construction and Engineering
Mainboard₹14,915 / 157 Shares
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
Garuda Construction and Engineering IPO Review
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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.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 157 | ₹14,915 |
| Retail (Max) | 13 | 2041 | ₹1,93,895 |
| S-HNI (Min) | 14 | 2198 | ₹2,08,810 |
| S-HNI (Max) | 67 | 10519 | ₹9,99,305 |
| B-HNI (Min) | 68 | 10676 | ₹10,14,220 |
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 LtdLead 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)
Garuda 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
4.87EPS Post IPO
4.52PE Pre IPO
19.49PE Post IPO
21.03ROE
36.14%ROCE
46.69%Debt Equity
-RoNW
30.62%PAT Margin
23.63Price to Book Value
5.97Promoters & Share Holding
Promoter(s) Name
- Pravinkumar Brijendra Kumar Agarwal
- PKH Ventures Limited
- Makindian Township Private Limited
| Share Holding Pre Issue | Share 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.
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
Company Contact Details
Garuda Construction and Engineering
201, A Wing, Fortune 2000 C -3 Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051Phone: +91 22 79635174
Registrar Contact Details
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
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.
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.
