GARUDA CONSTRUCTION AND ENGINEERING LIMITED

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 92 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.