Garuda Construction & Engineering Limited IPO is a ₹ 264.10 crores book-built issue. The Garuda Construction & Engineering IPO opens on 8 October 2024 and runs until 10 October 2024. This IPO has having fresh equity share issue of 1.83 crore shares amounting to ₹ 173.85 crore, while another 95 lakh shares are on offer for sale (OFS) amounting to ₹ 90.25 crores.
Garuda Construction & Engineering IPO is from the mainboard IPO segment that is expected to be listed on 15 October 2024, while its allotment date of IPO as finalized yet is 11 October 2024. The stocks of Garuda Construction & Engineering Limited will be listed on both BSE and NSE.
The price band set for the Garuda IPO is ₹ 92 to ₹ 95 per share and the minimum ipo lot size is 157 shares. The least amount that a retail investor needs to invest is ₹ 14915 in this IPO for subscription. If a small NII wants to subscribe, she or he needs to buy at least 14 lots or 2198 shares which amounts to ₹ 208810, and for big NIIs, the minimum number of lots to be applied for is 68 lots which amounts to ₹ 1014220.
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Garuda Construction & Engineering NSE SME IPO Details
| Detail | Information |
| IPO Opening Date | October 8, 2024 |
| IPO Closing Date | October 10, 2024 |
| Tentative IPO Listing Date | October 15, 2024 |
| Face Value | ₹5 per share |
| Price Range | ₹92 to ₹95 per share |
| Lot Size | 157 shares |
| Total Issue Size | 2.78 crore shares (₹264.10 Cr) |
| Fresh Issue | 1.83 crore shares (₹173.85 Cr) |
| Offer For Sale | 95 lakh shares (₹ 90.25 Cr) |
| IPO Segment | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Shareholding Pre-Issue | 74741742 shares |
| Shareholding Post-Issue | 93041742 shares |
Garuda Construction & Engineering Limited| Company Overview
Garuda Construction & Engineering Limited is a renowned construction business in India, which started back in 2010. It offers a wide range of construction services for all kinds of construction projects, and it offers services to both residential as well as commercial projects.
Even Garuda Construction offers its services for industrial projects, hospitality projects, and other infrastructure projects as well.
Apart from offering comprehensive construction services, Garuda offers operation and maintenance services, electrical, plumbing, and mechanical, services too.
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Garuda Construction & Engineering Limited IPO| Key Details
- Garuda Construction & Engineering IPO Opening Date: October 8, 2024
- Garuda Construction & Engineering IPO Closing Date: October 10, 2024
- Allotment Date: October 11, 2024
- Price Band: ₹92 to ₹95 per share
- Lot Size: 157 shares
- Refunds Initiated: October 14, 2024
- Shares Credited to Demat: October 14, 2024
- Listing Date: October 15, 2024
- Garuda Construction & Engineering IPO Subscription Status:
Garuda Construction & Engineering Ltd: Financial Overview
Garuda Construction & Engineering Limited’s assets increased between FY23 and FY24 by ₹ 52.14 crore, however, its revenue declined during the same duration by ₹ 6.55 crore, taking down the profit after tax (PAT) by ₹ 4.36 crore. Here is the detailed financials of Garuda Construction –
(Amounts in Crore)
| Financial Information | 31 Mar 2024 | 31 Mar 2023 | Change |
| Assets | 228.49 | 176.35 | 52.14 |
| Revenue | 154.47 | 161.02 | -6.55 |
| Profit After Tax | 36.44 | 40.8 | -4.36 |
| Net Worth | 119.01 | 82.61 | 36.40 |
| Reserves and Surplus | 81.65 | 70.13 | 11.52 |
| Total Borrowing | 0.15 | 0.19 | -0.04 |
| Amount in ₹ Lakhs | 228.49 | 176.35 | 52.14 |
FAQs | Garuda Construction & Engineering Ltd IPO
Garuda Construction & Engineering Ltd is a construction company that offers all kinds of construction services across properties, both residential, commercial and even industrial. It also offers electrical, mechanical, and many more services, required in the construction.
The tentative IPO listing date of Garuda Construction & Engineering has been fixed as Tuesday, October 15, 2024.
The bidding date for the Garuda Construction & Engineering IPO is from October 8, 2024, to October 10, 2024.
The IPO lot size for Garuda Construction & Engineering is 157 shares. However, for NIIs, the number of lots to be purchased is different that is 14 lots minimum for sNII, and 68 lots minimum for bNIIs.
The IPO allotment is expected to be finalized on Friday, October 11, 2024.
The IPO face value is set at ₹5 per share.
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