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Garuda Construction & Engineering Ltd. IPO
NSE & BSE Bookbuilding IPO Fresh Capital-cum-Offer for Sale Closed Live Chart
GMP +₹0 +0% Est. Listing ₹95
Issue Price
₹95
Face ₹5
GMP
+₹0
+0% premium
Est. Listing
₹95
GMP based
Lot Size
157
shares / lot
Min Amount
₹14,915
1 lot · 157 shares
Live Price
tap to chart
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
08 Oct 2024
Tue Completed
Done
Close Date
10 Oct 2024
Thu Completed
Done
Allotment
11 Oct 2024
Fri Completed
Done
Refund
14 Oct 2024
Mon Completed
Done
Demat Credit
14 Oct 2024
Mon Completed
Done
Listing Date
15 Oct 2024
Tue Completed
UPI Deadline: 10 Oct 2024
Issue Details
Pricing & Size
Issue Price
₹95 Face ₹5
Lot Size
157 shares
Min Investment
₹14,915
Total Issue Size
2,78,00,000 shares (aggregating up to ₹264.10 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh Capital-cum-Offer for Sale
Listing Exchange
NSE & BSE
Script / Ticker
-
Allocation Breakdown
Market Maker
-
QIB Portion
1,39,00,000 (50.00%)
NII / HNI
41,70,000 (15.00%)
Retail
97,30,000 (35.00%)
Employee
-
Net Offer to Public
-
Shareholding Pattern
Pre-Issue Shareholding
7,47,41,742 shares
Post-Issue Shareholding
9,30,41,742 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 1 157 ₹14,915
HNI / NII 14 2,198 ₹2,08,810
bHNI / bNII 68 10,676 ₹10,14,220
Objects of Issue
2 objectives
1
Working Capital Requirements
2
General Corporate Expenses and Unidentified Inorganic Acquisitions
Lead Managers & Market Maker
Book Running Lead Managers
Corpwis Advisors Pvt.Ltd.
IPO Timeline
Open
08 Oct
✓ Done
Close
10 Oct
✓ Done
Allotment
11 Oct
✓ Done
Listing
15 Oct
✓ Done
Registrar Details
MUFG Intime India Pvt.Ltd.
SEBI Registered Registrar & Transfer Agent
Phone
+91-22-4918 6270
Email
garudaconstructions.ipo@linkintime.co.in
Company Contact
Email
compliance@garudaconstructionengineering.com
Phone
+91 22 79635174
Address
201, A Wing, Fortune 2000 C -3 Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051 Bandra, Maharashtra
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹95
Est. Listing
₹95
Lot Size
157 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Garuda Construction & Engineering Ltd. LIVE
INR ·
vs Issue
Open
High
Low
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P/E
52W H
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| Price
Market Reference
IPO Issue Price
₹95
GMP
+₹0 (+0%)
GMP Est. Listing
₹95
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB 1,39,00,000 (50.00%) ₹13,205.00 Cr
NII / HNI (Total) 41,70,000 (15.00%) ₹3,961.50 Cr
Retail Investors 97,30,000 (35.00%) ₹9,243.50 Cr
Total ** 2,78,00,000 (100.00%) ₹264,100.00 Cr
* Based on ₹95.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
1,39,00,000 (50.00%)
NII
41,70,000 (15.00%)
Retail
97,30,000 (35.00%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in Crore
Metric30 Apr 202431 Mar 202431 Mar 2023
Revenue11.88154.47161.02
PAT3.5036.4440.80
EBITDA
Net Worth122.51119.0182.61
Total Assets234.84228.49176.35
Reserves85.1681.6570.13
Borrowings0.150.150.19
Key Financial Ratios
36.14%
ROE
Return on Equity
46.69%
ROCE
Return on Capital Employed
30.62%
RONW
Return on Net Worth
23.63%
PAT Margin
PAT / Revenue
5.97
P/BV
Price to Book Value
4.87
Pre EPS
EPS Pre-Issue
4.52
Post EPS
EPS Post-Issue
19.49
Pre P/E
P/E Pre-Issue
21.03
Post P/E
P/E Post-Issue
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 capabilities
  • Strong 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 team

As of September 28, 2024, the company had 65 permanent employees.

Frequently Asked Questions
What is the issue price of Garuda Construction & Engineering Ltd. IPO?
The issue price of Garuda Construction & Engineering Ltd. IPO is ₹95 per share, face value ₹5.
What is the lot size?
Minimum lot size is 157 shares, requiring ₹14,915.
What are the IPO dates?
Opens 08 Oct 2024, closes 10 Oct 2024.
When is the listing date?
Tentative listing: 15 Oct 2024 on NSE & BSE.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹95 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Garuda Construction & Engineering Ltd. IPO · Expected 11 Oct 2024

Check on Registrar
Post-IPO Timeline
Allotment Date
11 Oct 2024
Refund Initiation
14 Oct 2024
Demat Credit
14 Oct 2024
Listing Date
15 Oct 2024
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹95
Face ₹5
Lot Size
157
shares / lot
Min Amount
₹14,915
1 lot
Est. Listing
₹95
GMP +₹0
Key Dates
Open
08 Oct Done
Close
10 Oct Done
Listing
15 Oct Done
Registrar
MUFG Intime India Pvt.Ltd.
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