The open date for the Garuda Construction IPO is October 8, 2024, and the IPO closes on October 10. Garuda Construction’s IPO is a book-built issue. The business plans to raise about ₹264.10 crores through an IPO, including a fresh issue of ₹173.85 crores and an offer to sell up to 95,00,000 equity shares with a face value of ₹5 apiece. Garuda Construction’s IPO price range is ₹92-₹95 per share. The retail quota is 35%, QIB 50%, and HNI 15%. Garuda Construction’s IPO will be listed on the BSE and NSE on October 15, 2024. Garuda Construction’s initial public offering (IPO) date is October 11, 2024.
Garuda Construction and Engineering IPO Details
| IPO Open Date | October 8, 2024 |
| IPO Close Date | October 10, 2024 |
| Listing Date | Tuesday, October 15, 2024 |
| Face Value | ₹5 per share |
| Price Band | ₹92 to ₹95 per share |
| Lot Size | 157 Shares |
| Total Issue Size | 27,800,000 shares
(aggregating up to ₹264.10 Cr) |
| Fresh Issue | 18,300,000 shares
(aggregating up to ₹173.85 Cr) |
| Offer for Sale | 9,500,000 shares of ₹5
(aggregating up to ₹90.25 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Garuda Construction and Engineering Financials
Garuda Construction and Engineering Limited’s revenue fell by -4% and profit after tax (PAT) fell by -11% during the fiscal years ended March 31, 2024 and March 31, 2023.
| FY 2024 | |
| Assets | 234.84 |
| Revenue | 11.88 |
| Profit After Tax | 3.5 |
| Net Worth | 122.51 |
| ROE | 36.14% |
| ROCE | 46.69% |
| RoNW | 30.62% |
| P/BV | 5.97 |
| PAT Margin (%) | 23.63 |
About the Company – Garuda Construction and Engineering
Garuda Construction & Engineering is a civil construction business that offers turnkey solutions for residential, commercial, residential cum commercial, infrastructure, industrial, and hotel projects. It also provides operations and maintenance services (O&M), mechanical, electrical, and plumbing services, and finishing works (MEP). The company’s accomplished projects include the Golden Chariot Vasai Hotel & Spa, Golden Chariot Renovation and Refurbishment, the Boutique Hotel in Andheri (East), Mumbai, and the Delhi Police Headquarters. It currently has six ongoing residential projects, two commercial projects, one industrial project, and one infrastructure project. The company has 12 ongoing projects with a total order book of Rs 140,827.44 lakhs.
