This IPO is to be list on BSE and NSE platform on 15 October 2024, and allotment date is on 11 October 2024 which check Garuda Construction and Engineering IPO allotment status on Link Intime India Private Ltd is the registrar for this offering.
The book-running lead managers of this IPO is Corpwis Advisors Private Limited. For more information check Garuda Construction and Engineering IPO DRHP and RHP details.
Garuda Construction and Engineering IPO Details
| IPO Issue Open Date: | 8 October 2024 |
| IPO Issue Close Date: | 10 October 2024 |
| IPO Issue Price Band: | ₹92 to ₹95 Per Share |
| Face Value: | ₹5 Per Equity Share |
| IPO Issue Size: | ₹264.10 Crores | 27,800,000 shares |
| Fresh Issue: | ₹173.85 Crores | 18,300,000 shares |
| Offer for Sale: | ₹90.25 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing At: | BSE, NSE |
| IPO Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| Employee Discount: | ₹[.] per share |
Garuda Construction and Engineering IPO Prospectus:
Checkout the Garuda Construction and Engineering IPO Prospectus of DRHP and RHP file.
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Garuda Construction and Engineering IPO Dates Timeline
Get the tentative dates and schedule for latest IPO Garuda Construction and Engineering IPO are open and close date, allotment status, refunds, and listing details
| Issue Open Date: | 8 October 2024 |
| Issue Close Date: | 10 October 2024 |
| Basis of Allotment Date: | 11 October 2024 |
| Refunds Initiation: | 14 October 2024 |
| Shares Credit in Demat: | 14 October 2024 |
| IPO Listing Date Detail: | 15 October 2024 |
Garuda Construction and Engineering IPO Market Lot
You can bid for a minimum of 157 shares and maximum 2041 shares in retail investors section, Also you can check HNI investors section for minimum and maximum in terms of shares and amount.
| Application | Lot Size, Shares and Price Details |
| Retail (Min) | 1 lots and 157 shares = ₹14,915 |
| Retail (Max) | 13 lots and 2041 shares = ₹193,895 |
| HNI (Min) | 14 lots and 2198 shares = ₹208,810 |
| B-HNI Minimum | 68 lots and 10,676 shares = ₹1,014,220 |
Garuda Construction and Engineering IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| Today | ₹5 | ₹500 | ₹- | 5% |
| 8th Oct | ₹10 | ₹2500 | ₹- | 11% |
| 7th Oct | ₹- | ₹- | ₹- | ₹- |
About Garuda Construction and Engineering
To be Updated Soon
Garuda Construction and Engineering IPO Strengths
- Their primary focus is civil construction of residential and commercial buildings.
- They have established a track record of successfully executing a diverse mix of construction projects i.e., residential, hospitality and commercial projects.
- Their goal is to use their project management and execution capabilities to accomplish their projects on schedule while keeping high construction quality.
- Visible growth through increasing order book
Objects of the IPO Issue
- Working Capital Requirements
- General Corporate Expenses and Unidentified Inorganic Acquisitions
Garuda Construction and Engineering Company Financial Report
The company reported revenue of ₹154.47 crores in 2024 against ₹161.02 crores in 2023. The company reported a profit of ₹36.44 crores in 2024 against a profit of ₹40.80 crores in 2023.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹77.03 | ₹52.24 | ₹18.78 | ₹111.03 |
| 2023 | ₹161.02 | ₹105.94 | ₹40.80 | ₹176.35 |
| 2024 | ₹154.47 | ₹104.82 | ₹36.44 | ₹228.49 |
| April 2024 | ₹11.88 | ₹7.20 | ₹3.50 | ₹234.84 |
Garuda Construction and Engineering IPO Valuation – Key Performance Indicator
KPI as of March 31, 2024.
| KPI | Values |
| ROE: | 36.14% |
| ROCE: | 46.69% |
| EBITDA Margin: | 32.49% |
| PAT Margin: | 23.63% |
| Debt to equity ratio: | NA |
| Earning Per Share (EPS): | ₹4.87(Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 30.62% |
| Net Asset Value (NAV): | ₹15.92 |
Peer Group Comparison
The below peer comparison table’s data are showing as per the DRHP and RHP.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| PSP Projects Limited | 34.16 | 20.00 | 17.73% | 254.13 | – Cr. |
| Capacite Infraprojects Limited | 16.09 | 23.61 | 9.35% | 223.44 | – Cr. |
| Vascon Engineers Limited | 3.05 | 22.66 | 11.32% | 44.33 | – Cr. |
| Ahluwalia Contracts (India) Limited | 55.95 | 22.97 | 17.14% | 238.84 | – Cr. |
| B L Kashyap & Sons Limited | 2.33 | 48.67 | 13.38% | 22.02 | – Cr. |
Garuda Construction and Engineering IPO Registrar
Garuda Construction and Engineering Limited
Phone: +91 22 79635174
Email: compliance@garudaconstructionengineering.com
Website: https://garudaconstructionengineering.com/
Garuda Construction and Engineering IPO Lead Manager
- Corpwis Advisors Private Limited
Garuda Construction and Engineering IPO allotment status check on Link Intime website. Click on Link Intime India Private Ltd to get allotment status.
Promoters of Garuda Construction and Engineering
- Pravinkumar Brijendra Kumar Agarwal
- PKH Ventures Limited
- Makindian Township Private Limited
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 is Garuda Construction and Engineering IPO Detail?
Garuda Construction and Engineering IPO is a main-board IPO. The company is going to raise ₹264.10 Crores via IPO. The issue is priced at ₹92 to ₹95 pr equity share. The IPO is to be listed on BSE and NSE
.
How to Apply Garuda Construction and Engineering IPO Online?
You can apply for Garuda Construction and Engineering IPO via ASBA online via your bank account/net banking and UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form and Apply IPO online through Zerodha, Upstox, 5Paisa, ICICI Bank, HDFC Bank and SBI Bank.
When Garuda Construction and Engineering IPO will open?
The IPO is to open on 8 October 2024 for QIB, NII, and Retail Investors. The IPO will close on 10 October 2024.
What is Garuda Construction and Engineering IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is Garuda Construction and Engineering IPO Size?
Garuda Construction and Engineering issue size is ₹264.10 crores.
What is Garuda Construction and Engineering IPO Price Band?
Garuda Construction and Engineering IPO Price Band is ₹92 to ₹95.
What is the Lot Size of Garuda Construction and Engineering IPO?
The Garuda Construction and Engineering IPO minimum bid size is157 Shares with ₹14,915 amount.
What is the Garuda Construction and Engineering IPO Allotment Date?
Garuda Construction and Engineering IPO allotment date is 11 October, 2024.
What is the Garuda Construction and Engineering IPO Listing Date?
Garuda Construction and Engineering IPO listing date is 15 October, 2024. The IPO is to list on BSE,NSE.