The year that Garuda Construction and Engineering was established was 2010. Within the Rs 264.10 crore book that the corporation is going to issue, 1.83 crore new shares and 0.95 crore shares are being offered for sale. Opened on October 8, 2024, and closed on October 10, 2024, is when the first public offering will take place. The Rs 90.25 crore offer-for-sale for 0.95 crore shares and the new issue of Rs 173.85 crore, or 1.83 crore shares, are combined to form this IPO subscription.
The company will be listed on the BSE as well as the NSE. October 11, 2024, is the day on which this will be allocated. The range of prices for each share is fixed at Rs 92 to Rs 95. The lot size requirement for a bid is 157 shares minimum. Also minimum of Rs 14,915,915, is required from retail investors. The minimum investment of Rs 208,810 is required from small NII investors for 2,198 shares or 14 lots. For 68 lots or 10,676 shares, large NII investors must invest a minimum of Rs 1,014,220.
Garuda Construction and Engineering IPO Details
| IPO Open Date: | October 8, 2024 to October 10, 2024 |
| IPO Close Date: | Thursday, October 10, 2024 |
| Face Value: | ₹5 per share |
| IPO Price Band: | ₹92 to ₹95 per share |
| Issue Size: | 27,800,000 shares (aggregating up to ₹264.10 Cr) |
| Fresh Issue: | 18,300,000 shares (aggregating up to ₹173.85 Cr) |
| Offer for Sale: | 9,500,000 shares of ₹5 (aggregating up to ₹90.25 Cr) |
| Issue Type: | Book Built Issue IPO |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Garuda Construction and Engineering IPO Market Lot-
| Category | Minimum Lot Size | Shares | Application Amount |
|---|---|---|---|
| Retail Minimum | 1 | 157 | ₹14,915 |
| Retail Maximum | 13 | 2041 | ₹193,895 |
| S-HNI Minimum | 14 | 2,198 | ₹208,810 |
| B-HNI Minimum | 68 | 10,676 | ₹1,014,220 |
Garuda Construction and Engineering IPO Dates:
- IPO Open Date: Tuesday, October 8, 2024
- IPO Close Date: Thursday, October 10, 2024
- Basis of Allotment: Friday, October 11, 2024
- Initiation of Refunds: Monday, October 14, 2024
- Credit of Shares to Demat: Monday, October 14, 2024
- Listing Date: Tuesday, October 15, 2024
ABOUT- Garuda Construction and Engineering:
Garuda Construction and Engineering Limited was established on September 21, 2010, as a public limited corporation. The business is registered with the Mumbai Registrar of Companies (ROC) and is categorized as a non-government organization. It has paid up capital of Rs. 373,708,710 and authorized capital of Rs. 500 crore. Participating in the building process [comprising tasks that finish or aid in the finishing of projects]. Similar repairs are likewise covered by the matching subclass. The Ministry of Corporate Affairs (MCA) records indicate that Garuda Construction And Engineering Limited’s last balance sheet was filed on March 31, 2023. The company’s annual general meeting (AGM) was last held on N/A.
Garuda Construction and Engineering Financial Performance (in ₹ Crores).
| Year | Revenue | Assets | PAT |
|---|---|---|---|
| 2022 | 77.03 | 111.03 | 18.78 |
| 2023 | 161.02 | 176.35 | 40.8 |
| 2024 | 154.47 | 228.49 | 36.44 |
Garuda Construction and Engineering IPO Valuation (FY2023):
- EPS: ₹57.96 per Equity Share
- P/E Ratio: N/A (not yet listed)
- RoNW: 23.48
- NAV: ₹246.82 per Equity Share
Garuda Construction and Engineering Peer Group
- PSP Projects Ltd
- Capacite Infraprojects Ltd
- Vascon Engineers Ltd
Company Promoters:
- Pravinkumar Brijendra Kumar Agarwal,
- PKH Ventures Ltd,
- Makindian Township Private Ltd.
Lead Managers of Garuda Construction and Engineering-
- Corpwis Advisors Private Limited
Garuda Construction and Engineering IPO Company Address
Garuda Construction and Engineering Limited
201, A Wing,
Fortune 2000 C -3 Block, Bandra Kurla Complex,
Bandra (East), Mumbai 400 051
Phone: +91 22 79635174
Email: compliance@garudaconstructionengineering.com
Website: https://garudaconstructionengineering.com/
Garuda Construction and Engineering IPO FAQs:
What could be the pricing band for the Garuda Construction And Engineering IPO?
For each share, the issue price range is Rs 92–Rs 95.
What would a retail investor quota be in Garuda Construction and Engineering Ltd.’s IPO application?
A minimum of 35% of the shares will be issued to retail investors.
After it is listed, where can we follow the performance of Garuda Construction and Engineering’s stock?
After a stock is listed on the stock market, Unicorn Signals tracks its performance for two to three days.
How can I sign up for the IPO of Garuda Construction and Engineering?
You can use your demat account or get in touch with your broker to make subscriptions between the start of the IPO and the closure date.
When does the subscription period for Garuda Construction and Engineering’s initial public offering close?
The application must be submitted by 5 PM on October 10, 2024.