Garuda Construction IPO
Open MainLineCurrent GMP
₹5 (+5.26%)
Price Band
₹ 92 – 95
Lot Size
157
Issue Size
₹264.1 Cr
Minimum Investment
₹14915 (157 Shares)
Listing Date
15 October 2024
Subscription
7.55x
About the Company
Founded in 2010, Garuda Construction and Engineering Limited is a growing civil construction company, reporting revenue from operations of ₹1,187.50 lakhs for the period ended April 30, 2024, and ₹15,417.83 lakhs, ₹16,068.76 lakhs, and ₹7,702.08 lakhs for Fiscal 2024, Fiscal 2023, and Fiscal 2022, respectively. We provide comprehensive civil construction services for residential, commercial, mixed-use, infrastructure, and industrial projects, along with additional services for hospitality projects.
Companay's civil construction services encompass the building of residential, hospitality, industrial, infrastructural, and commercial structures, including concrete and composite steel buildings essential for our projects. Our end-to-end civil construction process begins with detailed route surveys, design and engineering, resource mobilization, micro-scheduling of construction activities, obtaining necessary permissions, conducting soil and water tests, and hiring contractors and manpower.
Additionally, Garuda Construction and Engineering Limited is involved in sectors related to civil construction and services. It also offer operations and maintenance services (“O&M”), Mechanical, Electrical, and Plumbing (“MEP”) services, and finishing works as part of our comprehensive construction solutions.
Promoters
Company's promoters
- Pravinkumar Brijendra Kumar Agarwal
- PKH Ventures Limited
- Makindian Township Private Limited
Promoters Holding
Holding Pre Issue
96.81%
Holding Post Issue
0.00%
Objects of the Issue
The Company proposes to utilize the funds being raised to fund the following objectives:
- Working Capital Requirements
- General Corporate Expenses and Unidentified Inorganic Acquisitions
Address / Contact Info
Garuda Construction and Engineering Limited
201, A Wing, Fortune 2000 C -3 Block,
Bandra Kurla Complex, Bandra
(East), Mumbai 400 051, Maharashtra
Phone: +91 22 79635174
Email: compliance@garudaconstructionengineering.com
Website: https://garudaconstructionengineering.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 08 October 2024
IPO Close Date
Thursday, 10 October 2024
Basis of Allotment
Friday, 11 October 2024
Initiation of Refunds
Monday, 14 October 2024
Credit of Shares to Demat
Monday, 14 October 2024
Listing Date
Tuesday, 15 October 2024 — NSE & BSE
Important Dates
Open Date
08 October 2024
Close Date
10 October 2024
Basis Of Allotment
11 October 2024
Listing Date
15 October 2024
Financial Performance (₹ in Crores)
| Particular | 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 |
| Reserve & Surplus | 85.16 | 81.65 | 70.13 | 29.34 |
| Total Borrowings | 0.15 | 0.15 | 0.19 | 11.99 |
EPS Pre
4.87%
EPS Post
4.52%
P/E Pre
19.49
P/E (Post Issue)
21.03x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 36.14 |
| ROCE % | 46.69 |
| Debt / Equity | 0 |
| RoNW % | 30.62 |
| PbW | 5.97 |
| Pat Margin % | 23.63 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 7895138 | 28.4 | 0 |
| Qualified Institutions | 6004862 | 21.6 | 0 |
| Non-Institutional | 4170000 | 15 | 0 |
| BNII | 2780000 | 10 | 0 |
| SNII | 1390000 | 5 | 0 |
| Retail Investors | 9730000 | 35 | 0 |
| Total | 27800000 | 100 | 0 |
Subscription Status ( Thu, 10 Oct 24 12:42 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 6004862 | 7471316 | 1.24x |
| Non-Institutional | 4170000 | 37669952 | 9.03x |
| BNII | 2780000 | 22055360 | 7.93x |
| SNII | 1390000 | 15614592 | 11.23x |
| Retail Investors | 9730000 | 105205857 | 10.81x |
| Total | 19904862 | 150347125 | 7.55x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 157 | 14,915.00 |
| Retail (Max) | 13 | 2,041 | 193,895.00 |
| S-HNI (Min) | 68 | 10,676 | 1,014,220.00 |
| S-HNI (Max) | 67 | 10,519 | 999,305.00 |
| B-HNI (Min) | 68 | 10,676 | 1,014,220.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Corpwis Advisors Private Limited IPO Lead Manager
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Garuda Construction IPO is a Book-building IPO worth ₹264.1 crores. The price band is ₹92 to 95 per share. The IPO opens on Tue, Oct 8, 2024 and closes on Thu, Oct 10, 2024. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Garuda Construction IPO opens on Tue, Oct 8, 2024 and closes on Thu, Oct 10, 2024
Garuda Construction IPO Price Band is ₹92 to 95.
Garuda Construction IPO lot size is 157, and the minimum amount required for application is ₹14915.
The minimum investment for Garuda Construction IPO is approximately ₹14915 based on the upper price band.
To apply for the Garuda Construction IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Oct 10, 2024. After submission, funds are blocked until the basis of allotment of Garuda Construction IPO is finalised.
Garuda Construction IPO issue size is ₹264.1 crores.
Garuda Construction IPO allotment date is Sat, Jun 27, 2026.
The registrar for Garuda Construction IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Garuda Construction IPO through their official website or helpline.
The Garuda Construction IPO GMP (Grey Market Premium) is ₹5 as of Tue, Oct 15, 2024. Based on the upper price band of ₹95 per share, the estimated Garuda Construction IPO listing price is ₹100, indicating a potential listing gain of approximately 31% over the issue price.