Garuda Construction and Engineering IPO Details: Check Price Band, GMP

Garuda Construction and Engineering IPO subscription opens from Tuesday, October 8, 2024, and closes on Thursday, October 10, 2024. It is a book-built issue of Rs 264.10 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue is of 1. 83 crore equity shares amounting to Rs 173.85 crores and OFS is of 0.95 crore equity shares amounting to Rs 90.25 crore.

Garuda Construction and Engineering IPO price band is Rs 90 to Rs 95 per share. The minimum lot size set for the retail category is 157 shares. The minimum lot size for small NII is 14 lots consisting of 2,198 shares. Meanwhile, the minimum lot for big non-institutional investors is 68 lots with 10,676 shares.

The minimum investment required for retail category investors is Rs 14,915 (95 x 157 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,08,810 (95 x 2,198 shares) for big non-institutional investors, it is Rs 10,14,220 (95 x 10,676 shares).

Garuda Construction and Engineering IPO allotment is expected to be finalised on Friday, October 11, 2024. The listing will be on the BSE, NSE platform on Tuesday, October 15, 2024. Currently, Garuda Construction and Engineering IPO GMP quotation is not yet started. You can check the GMP price from the first day of subscription.

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Garuda Construction and Engineering IPO: Listing Date , Lot Size, Price Band

Garuda Construction and Engineering Limited: About the Company

Garuda Construction and Engineering Limited was founded in 2010, engaged in the business of construction. The company provides comprehensive construction services for residential, commercial, residential and 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 and mechanical, electrical and plumbing services as well as finishing works as part of construction services. The company primarily focuses on the construction of residential and commercial buildings and is now venturing into industrial and infrastructure projects.

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. As per the latest data, the company had 65 permanent employees.

Garuda Construction and Engineering IPO Objectives

Garuda Construction and Engineering IPO is to raise funds from the general public. The net funds raised from this IPO will be utilised for meeting the day-to-day capital needs of the company. The remaining money will be used for acquisitions and fulfilling the general corporate purposes.

Garuda Construction and Engineering IPO: Key Dates, Allotment, Listing Date

Garuda Construction and Engineering IPO Subscription Details, IPO Reservation

Garuda Construction and Engineering IPO subscription details will be available after the IPO opens on 4 october 2024. In the retail investor category 35% of the net offer is reserved and the remaining 65% of the net offer is reserved for the investors category like Qualified Institutional Buyers and Non-institutional investors.

IPO Allotment Status of Garuda Construction and Engineering

Garuda Construction and Engineering IPO Allotment details are not yet available. Once the subscription ends after the closing of IPO bidding. The allotment of investors who applied for IPO will be available in the registrar website, Link Intime Private Limited.

IPO GMP of Garuda Construction and Engineering

Garuda Construction and Engineering IPO GMP quotation is not yet started. You can check the GMP price from the first day of subscription. If the subscription got oversubscribed then Garuda Construction and Engineering IPO GMP might rise in the coming days.

Garuda Construction and Engineering IPO Lot Size Details

Garuda Construction and Engineering, IPO lot size, is set at 157 shares per lot. For retail, the minimum lot size is 1 lot, amounting to Rs 14,915, and the maximum is 13 lots, amounting to Rs 1,93,895. For small HNI, the minimum lot size is 14, amounting to Rs 2,08,810, and the maximum is 67 lots, amounting to Rs 9,99,305. For the big HNI, the minimum is 68 lots.

Promoter Holdings of Garuda Construction and Engineering IPO

Garuda Construction and Engineering IPO promoters are Pravinkumar Brijendra Kumar Agarwal, PKH Ventures Limited and Makindian Township Private Limited. The promoters' shareholdings before the IPO were 96.81%; however, after the IPO, shareholdings will decline.

Garuda Construction and Engineering Limited Company Financials (Amt in Crore)

Garuda Construction and Engineering Limited posted revenue of Rs 11.88 crore and net profit of Rs 3.50 crore for the period ending on 30 April 2024. The company’s revenue decreased by -4% and PAT dropped by -11% between the FY ending on 31 March 2024 and 31 March 2023.

Garuda Construction and Engineering IPO Registrar

Garuda Construction and Engineering IPO registrar is Bigshare Services Private Limited. On the date of allotment, Investors can click on Link Intime India and select the name of the company and enter PAN number or application ID to know their allotment status.

Lead Managers of Garuda Construction and Engineering IPO

Garuda Construction and Engineering IPO lead managers are Corpwis Advisors Private Limited.

How to apply to Garuda Construction and Engineering IPO

Interested investors can apply to the Garuda Construction and Engineering IPO directly from the Bigul trading app and you can also apply by clicking here . Investors can also check the details of other upcoming IPO in Bigul.

Garuda Construction and Engineering IPO Review

Garuda Construction and Engineering IPO is likely to get a positive response from the general public. The company is involved in the real estate sector. So, investors interested in the real estate sector can apply to this IPO to be a construction company. This upcoming IPO is expected to witness an oversubscription in the last bidding date. Moreover, if the IPO gets a positive response then Garuda Construction and Engineering IPO GMP will also rise.

Garuda Construction and Engineering IPO FAQ

1. What are the details of the Garuda Construction and Engineering IPO?

Garuda Construction and Engineering IPO s a book-built issue of Rs 264.10 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue is of 1. 83 crore equity shares amounting to Rs 173.85 crores and OFS is of 0.95 crore equity shares amounting to Rs 90.25 crore.

2. When will the Garuda Construction and Engineering IPO open and close?

Garuda Construction and Engineering IPO subscription opens from Tuesday, October 8, 2024, and closes on Thursday, October 10, 2024. Garuda Construction and Engineering IPO allotment is expected to be finalised on Friday, October 11, 2024.

3. What is Garuda Construction and Engineering IPO GMP?

Garuda Construction and Engineering IPO GMP quotation is not yet started. You can check the GMP price on the first day of your subscription. If the subscription got oversubscribed, then Garuda Construction and Engineering IPO GMP might rise in the coming days.

4. What are the details of Garuda Construction and Engineering IPO reservation?

In the retail investor category, 35% of the net offer is reserved, and the remaining 65% of the net offer is reserved for the investors category like Qualified Institutional Buyers and Non-institutional investors.

5. Write the details of the IPO Allotment?

Garuda Construction and Engineering IPO Allotment details are not yet available. Once the subscription ends after the closing of IPO bidding. The allotment of investors who applied for IPO will be available in the registrar website, Link Intime India Private Limited.

6. Who is the registrar and lead managers for Garuda Construction and Engineering IPO?

Garuda Construction and Engineering IPO Registrar is Link Intime India Private Limited. The book-running lead manager for this IPO is Corpwis Advisors Private Limited. Investors can check the allotment status in the Link Intime India Private Limited official website.

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