Garuda Construction and Engineering Ltd
Price Range
₹90 - ₹95
Min. Quantity
157
Closes on
10 October 2024
Min. investment
₹14,915/2,041 Shares
Garuda Construction and Engineering Ltd IPO Timeline
Garuda Construction & Engineering Ltd was incorporated as 'Garuda Construction and Engineering Private Limited' on September 21,
| Event | Date |
|---|---|
| Garuda Construction and Engineering Ltd IPO Opening Date | 8 October 2024 |
| Garuda Construction and Engineering Ltd IPO Closing Date | 10 October 2024 |
| Basis of Allotment | 11 October 2024 |
| Initiation of Refunds | 14 October 2024 |
| Credit of Shares to Demat | 14 October 2024 |
| Garuda Construction and Engineering Ltd IPO Listing Date | 15 October 2024 |
Garuda Construction and Engineering Ltd IPO Details
| Garuda Construction and Engineering Ltd IPO Date | 8 October 2024 to 10 October 2024 |
| Garuda Construction and Engineering Ltd IPO Face Value | ₹5 per share |
| Garuda Construction and Engineering Ltd IPO Price | ₹90 to ₹95 per share |
| Garuda Construction and Engineering Ltd IPO Lot Size | 157 |
| Issue Size | Shares of ₹5 (aggregating up to ₹264.1 Cr) |
| Fresh Issue | Shares of ₹5 (aggregating up to ₹173.85 Cr) |
| Offer for Sale | Shares of ₹5 (aggregating up to ₹90.25 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 60,04,862 of the Net Offer |
| Retail Shares Offered | Not less than 97,30,000 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 41,70,000 of the Net Offer |
| Company Promoters | Pravinkumar Brijendra Kumar Ag, PKH Ventures Ltd, Makindian Township Pvt Ltd |
Garuda Construction and Engineering Ltd IPO Lot Size
The Garuda Construction and Engineering Ltd IPO lot size is 157 shares. A retail-individual investor can apply for up to 13 lots (2,041 shares or ₹1,93,895).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 157 | ₹14,915 |
| Maximum | 13 | 2,041 | ₹1,93,895 |
- Strengths
- Risks
- Opportunities
- Its primary focus is civil construction of residential and commercial buildings.
- The Company has established a track record of successfully executing a diverse mix of construction projects i.e., residential, hospitality and commercial projects.
- Its goal is to use its project management and execution capabilities to accomplish its projects on schedule while keeping high construction quality.
- The Company has an experienced promoter and management team with its Chairperson and Managing Director who is also its Promoter, having over 2 decades of experience in various businesses, such as construction, hospitality and management services.
- Its marketing and sales strategies.
- Visible growth through increasing order book.
Company Financials
Garuda Construction and Engineering Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 228.49 | 154.47 | 36.44 |
| 03-2023 | 176.35 | 161.02 | 40.80 |
| 03-2022 | 111.03 | 77.03 | 18.78 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Working Capital Requirement
- General Corporate Purposes
Garuda Construction and Engineering Ltd IPO Promoter Holding
| Pre Issue Share Holding | - |
| Post Issue Share Holding | - |
Garuda Construction and Engineering Ltd IPO Subscription Status (Bidding Detail)
The Garuda Construction and Engineering Ltd IPO is subscribed 7.55 times on 10 October 2024 05:00:00 PM. The public issue subscribed 10.81 times in the retail category, 1.24 times in the QIB category, and 9.03 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 1.24 | 9.03 | 10.81 | - | 7.55 |
Garuda Construction and Engineering Ltd IPO Prospectus
Garuda Construction and Engineering Ltd IPO Listing Date
| Listing Date | 15 October 2024 |
| BSE Script | 544271 |
| NSE Symbol | GARUDA |
| Listing In | BSE, NSE |
| ISIN | INE0JVO01026 |
| IPO Price | ₹95 |
| Face Value | ₹5 |
Company Contact Information
201 A Wing Fortune 2000 C-3Block Bandra K. Cmp. Bandra(E),Mumbai-400051
Phone: 91-22-79635174
Email: compliance@garudaconstructionengineering.com
Website: www.garudaconstructionengineering.com
Garuda Construction and Engineering Ltd IPO Registrar
Garuda Construction and Engineering Ltd IPO Lead Manager(s)
- Corpwis Advisors Pvt Ltd
FAQ
What is the issue size of Garuda Construction and Engineering Ltd IPO?
I have pre-applied for Garuda Construction and Engineering Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.