Garuda Construction and Engineering Ltd
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 08-10-2024 | 10-10-2024 | 5 per share | 0 | 157 Shares | BSE, NSE | 27,800,000 shares (aggregating up to ₹264.10 Cr) | 2024-10-11 00:00:00 | 2024-10-14 00:00:00 | 2024-10-14 00:00:00 | 15-10-2024 |
About The Company
Garuda Construction and Engineering IPO is a book built issue of Rs 264.10 crores. The issue is a combination of fresh issue of 1.83 crore shares aggregating to Rs 173.85 crores and offer for sale of 0.95 crore shares aggregating to Rs 90.25 crores.
Garuda Construction and Engineering IPO opens for subscription on October 8, 2024 and closes on October 10, 2024. The allotment for the Garuda Construction and Engineering IPO is expected to be finalized on Friday, October 11, 2024. Garuda Construction and Engineering IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, October 15, 2024.
Garuda Construction and Engineering IPO price band is set at ₹92 to ₹95 per share. The minimum lot size for an application is 157 Shares. The minimum amount of investment required by retail investors is ₹14,915. The minimum lot size investment for sNII is 14 lots (2,198 shares), amounting to ₹208,810, and for bNII, it is 68 lots (10,676 shares), amounting to ₹1,014,220.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 31-03-2022 | 111 | 77 | 19 | 41.79 | 29.34 | 11.99 |
| 31-03-2023 | 176 | 161 | 41 | 82.61 | 70.13 | 0.19 |
| 31-03-2024 | 228 | 154 | 36 | 36.44 | 81.65 | 81.65 |
| 01-05-2024 | 235 | 12 | 4 | 122.51 | 85.16 | 0.15 |
IPO Subscription Status
| Category | Subscription Times |
|---|---|
| Anchor Investors | 1 |
| Qualified Institutions | 0.91 |
| Non-Institutional Buyers | 2.58 |
| Investors | 6.73 |
| Total | 4.10 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 157 | 14915 |
| Retail (Max) | 13 | 2041 | 193895 |
| S-HNI (Min) | 14 | 2198 | 208810 |
| S-HNI (Max) | 67 | 10519 | 999305 |
| B-HNI (Min) | 68 | 10676 | 1014220 |
IPO Listing Details
| Listing Date | 15-10-2024 |
| BSE Script Code | - |
| NSE Symbol | - |
| ISIN | - |
| Final Issue Price | 0 |
Promoter holdings
Pravinkumar Brijendra Kumar Agarwal, PKH Ventures Limited and Makindian Township Private Limited are the company's promoters.
Contact Information of the Company
Garuda Construction and Engineering Limited
201, A Wing,
Fortune 2000 C -3 Block, Bandra Kurla Complex,
Bandra (East), Mumbai 400 051
Phone: +91 22 79635174
Email: compliance@garudaconstructionengineering.com
Website: https://garudaconstructionengineering.com/
IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: garudaconstructions.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
IPO Lead Manager
Corpwis Advisors Private Limited