Garuda Construction and Engineering IPO GMP Today, Garuda Construction and Engineering IPO Grey Market Premium Updates |
Garuda Construction and Engineering IPO, Latest target, Opening gain
Garuda Construction and Engineering IPO began on 08 October 2024. It will close on 10 October 2024. The Total IPO Size is ₹ 264.10 Crore Approx. The company set its IPO price is ₹ 92 to ₹95 per share Per Share. There are three basic categories in Garuda Construction and Engineering IPO Subscription:- 1) Qualified Institutional Buyers. 2) Non-Institutional Investors. 3) Retail.
Garuda Construction and Engineering Limited was founded in 2010 and is a construction company.
- 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
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.
As of September 28, 2024, the company had 65 permanent employees.
Garuda Construction and Engineering IPO Details:
| Issuer | Garuda Construction and Engineering IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: October 08, 2024 | |
| Issue Closes: October 10, 2024 | ||
| Price Brand | ₹92 to ₹95 per share | |
| Issue Size | ₹264.10 Cr | |
| Face Value | ₹5 per share | |
| Market Lot | 157 Shares | |
| Retail (Max) | ₹193,895 | |
| QIB | 50% | |
| HNI | 15% | |
| Retail Individual Bidders | 35% | |
| Listing at | NSE & BSE | |
| ✔️ Apply With | ANGEL Free DEMAT Account | |
| Total Shares | 27,800,000 Shares | |
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Garuda Construction and Engineering IPO GMP Rates day by day
Garuda Construction and Engineering IPO Market Lot:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 157 | ₹14,915 |
| Retail (Max) | 13 | 2041 | ₹193,895 |
| S-HNI (Min) | 14 | 2,198 | ₹208,810 |
| S-HNI (Max) | 67 | 10,519 | ₹999,305 |
| B-HNI (Min) | 68 | 10,676 | ₹1,014,220 |
Garuda Construction and Engineering IPO Date, Allotment & Listing:
| Garuda Construction and Engineering IPO Opening Date: | October 08, 2024 |
| Garuda Construction and Engineering Green IPO Closing Date: | October 10, 2024 |
| Basis of Allotment: | October 11, 2024 |
| Initiation of Refunds: | October 14, 2024 |
| Credit to Demat Account: | October 14, 2024 |
| Listing Date: | October 15, 2024 |
Garuda Construction and Engineering Limited Financial Information (Restated)
Garuda Construction and Engineering Limited’s revenue decreased by -4% and profit after tax (PAT) dropped by -11% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Apr 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 234.84 | 228.49 | 176.35 | 111.03 | ||||||||||||||||||||||||||||||||||||
| Revenue | 11.88 | 154.47 | 161.02 | 77.03 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 3.5 | 36.44 | 40.8 | 18.78 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 122.51 | 119.01 | 82.61 | 41.79 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 85.16 | 81.65 | 70.13 | 29.34 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 0.15 | 0.15 | 0.19 | 11.99 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
The market capitalization of Garuda Construction and Engineering IPO is Rs 883.9 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 36.14% |
| ROCE | 46.69% |
| RoNW | 30.62% |
| P/BV | 5.97 |
| PAT Margin (%) | 23.63 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.87 | 4.52 |
| P/E (x) | 19.49 | 21.03 |
Objects of the Issue (Garuda Construction and Engineering IPO Objectives)
The Company proposes to utilize the funds being raised to fund the following objectives:
- Working Capital Requirements
- General Corporate Expenses and Unidentified Inorganic Acquisitions
Garuda Construction and Engineering IPO ALLOTMENT STATUS
How to Apply for Garuda Construction and Engineering IPO?
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How to Apply Garuda Construction and Engineering IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Garuda Construction and Engineering”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply Garuda Construction and Engineering IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Garuda Construction and Engineering”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.
PARENT COMPANY FOR SHAREHOLDER QUOTA
IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
Q. What is Garuda Construction and Engineering IPO?
CGaruda Construction and Engineering IPO is a main-board initial public offering of 27,800,000 Equity shares of the face value of ₹5 aggregating up to ₹ 264.10 Crores. The issue price of the IPO is ₹92 to ₹95 Per Equity Share. The minimum order quantity is – Shares per application and the offer type is Book Built Issue. The IPO opens on October 08, 2024 and closes on October 10, 2024.. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Q. When Garuda Construction and Engineering IPO will open?
The Garuda Construction and Engineering IPO opens on October 08, 2024 and closes on October 10, 2024.
Q. How to apply for Garuda Construction and Engineering IPO?
You can apply in Garuda Construction and Engineering IPO online using either UPI or ASBA as payment method.Corpwis Advisors Private Limited is the book running lead manager of the Garuda Construction and Engineering IPO, while Link Intime India Private Ltd is the registrar for the issue.
Q. When Garuda Construction and Engineering IPO allotment?
The finalization of Basis of Allotment for Garuda Construction and Engineering IPO will be done on October 11, 2024 and the allotted shares will be credited to your demat account by October 14, 2024
Check the Garuda Construction and Engineering IPO allotment status.
Q. When is Garuda Construction and Engineering IPO listing date?
The Garuda Construction and Engineering IPO listing date is not yet announced. The tentative date of Garuda Construction and Engineering IPO listing is October 15, 2024
Q. What is the lot size of Garuda Construction and Engineering IPO?
Garuda Construction and Engineering lot size is 157 Shares and the minimum order quantity is 1 Share.