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Garuda Construction & Engineering Ltd.

Garuda Construction & Engineering Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹95
₹95
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹95
Based on GMP
Min. Investment
₹14,915
1 lot × 157 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
08 Oct 2024
Close Date
10 Oct 2024
Allotment
11 Oct 2024
Listing Date
15 Oct 2024
Exchange
NSE & BSE
Price Band
₹95
Listing Price
See chart
Allotment Status
Price Band
₹95
Per share
Face Value
₹5 per share
 
Lot Size
157 Shares
per lot
Issue Size
2,78,00,000 shares (aggregating up to ₹264.10 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,915
1 lot
Pre-IPO Holding
7,47,41,742 shares
Promoters
Post-IPO Holding
9,30,41,742 shares
Promoters
P/E (Pre)
19.49x
 
P/E (Post)
21.03x
 
EPS (Pre)
₹4.87
 
EPS (Post)
₹4.52
 
UPI Deadline
2024-10-10
Mandate
Anchor AllotmentMon, 07 Oct 2024
Basis of AllotmentFri, 11 Oct 2024
Refund InitiationMon, 14 Oct 2024
Demat CreditMon, 14 Oct 2024
Listing DayTue, 15 Oct 2024
UPI Mandate Deadline2024-10-10
Sale TypeFresh Capital-cum-Offer for Sale
Fresh Issue Shares1,83,00,000 shares (aggregating up to ₹173.85 Cr)
Offer for Sale95,00,000 shares of ₹5 (aggregating up to ₹90.25 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Garuda Construction & Engineering Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 10 Oct 2024.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
27,800,000
100% ₹264.10
IPO Shares Offered
Garuda Construction & Engineering Ltd. IPO total issue size: ₹264.10 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 27,800,000 ₹264.10
100.00%
* Based on upper price band ₹95 per share
Lot Size & Investment
Lot Size
157
Shares per Lot
Issue Price
₹95.00
Upper Band
Min Investment
₹14,915
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2314₹29,830
Retail (Max — 13 Lots)132,041₹193,895
S-HNI (Min — 14 Lots)142,198₹208,810
B-HNI (Min — 68 Lots)6810,676₹1,014,220
* Issue Price ₹95 × Lot Size 157 shares
IPO Schedule
Anchor
07 Oct 2024
✓ Done
IPO Open
08 Oct 2024
✓ Done
IPO Close
10 Oct 2024
✓ Done
Allotment
11 Oct 2024
✓ Done
Refunds
14 Oct 2024
✓ Done
Demat Credit
14 Oct 2024
✓ Done
Listing Day
15 Oct 2024
✓ Done
Garuda Construction & Engineering Ltd. — Live Price LIVE
₹95.00
INR · BSE
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Issue ₹95.00 Live Price
About Garuda Construction & Engineering Ltd.
Garuda Construction and Engineering Limited was founded in 2010 and is a construction company.The company provides comprehensive construction services for residential, commercial, residential/commercial, infrastructure, and industrial projects, as well as additional services for infrastructure and hospitality projects. The company also provides services such as operation and maintenance (O&M) and mechanical, electrical and plumbing (MEP) services as well as finishing works as part of construction services.Strengths:Exclusive and focused business approach: The company primarily focuses on the construction of residential and commercial buildings and is now venturing into industrial and infrastructure projects.Established and proven track record: The company has a strong track record in various construction projects, including Golden Chariot Vasai Hotel & Spa and Golden Chariot Boutique Hotel in 2015. Since 2017, the company has undertaken residential projects in MMR and completed two. From 2010 to 2017, the company focused on civil engineering in MMR, Karnataka and Tamil Nadu.Strong project management and execution capabilitiesStrong financial performance and healthy balance sheet: The company recorded Revenue from Operations of Rs. 1,187.50 Lacs for the period ended April 30, 2024, Rs. 15,417.83 Lacs in FY 2024 and Rs. 16068.76 Lacs in FY 2023.Visible growth through increasing order book: As of September 28, 2024, the order value of the company's ongoing and pending projects totaled Rs. 1,40,827.44 lacs. With projects spread across MMR, Arunachal Pradesh, Karnataka, Rajasthan, and Punjab, the increasing number of construction works and projects helped the company maintain its growth momentum and reputation.Experienced promoter, directors, and management teamAs of September 28, 2024, the company had 65 permanent employees.
Objects of the Issue
1
Working Capital Requirements
2
General Corporate Expenses and Unidentified Inorganic Acquisitions
Garuda Construction & Engineering Ltd. Financials (Amount in Crore)
Revenue from Operations
₹161.0
31 Mar 2023
₹154.5
31 Mar 2024
₹11.9
30 Apr 2024
Profit After Tax (PAT)
₹40.8
31 Mar 2023
₹36.4
31 Mar 2024
₹3.5
30 Apr 2024
Particulars30 Apr 202431 Mar 202431 Mar 2023
Revenue from Operations 11.88 154.47 161.02
EBITDA N/A N/A N/A
Profit After Tax (PAT) 3.50 36.44 40.80
Net Worth 122.51 119.01 82.61
Total Assets 234.84 228.49 176.35
Reserves & Surplus 85.16 81.65 70.13
Borrowings 0.15 0.15 0.19
EBITDA Margin (%) N/A
PAT Margin (%) 23.63%
P/BV Ratio
5.97
RoE
36.14%
RoCE
46.69%
RoNW
30.62%
PAT Margin
23.63%
Issue Structure & Shareholding
Total Shares Offered2,78,00,000 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding7,47,41,742 shares
Post-Issue Promoter Holding9,30,41,742 shares
P/BV Ratio5.97
RoE36.14%
RoCE46.69%
Debt / EquityN/A
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Corpwis Advisors Pvt.Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Garuda Construction & Engineering Ltd. IPO subscribed?

Garuda Construction & Engineering Ltd. IPO is subscribed 1.00 times by Oct 10, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Garuda Construction & Engineering Ltd. IPO retail subscription status?

The Garuda Construction & Engineering Ltd. IPO retail category is subscribed 1.00 times as of 10 Oct 2024. The retail portion is oversubscribed.

How to subscribe Garuda Construction & Engineering Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 08 Oct 2024 and closes 10 Oct 2024. Min investment: ₹14,915 (1 lot = 157 shares). UPI mandate: 2024-10-10.

How many times Garuda Construction & Engineering Ltd. IPO subscribed?

The Garuda Construction & Engineering Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Garuda Construction & Engineering Ltd. IPO allotment?

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 11 Oct 2024. Refunds: on 14 Oct 2024.

When Garuda Construction & Engineering Ltd. IPO will be listed?

The Garuda Construction & Engineering Ltd. IPO listing date is 15 Oct 2024, Tuesday. Listed on: NSE & BSE. Issue price: ₹95. Estimated listing: ₹95. GMP: NIL.

When Garuda Construction & Engineering Ltd. IPO close?

The Garuda Construction & Engineering Ltd. IPO closes on 10 Oct 2024, Thursday. UPI mandate: 2024-10-10. Allotment: 11 Oct 2024. Listing: 15 Oct 2024.