Garuda Construction IPO (Garuda Construction and Engineering Limited IPO)
Garuda Construction IPO open for bidding on 8th October 2024 and ends on 10th October 2024.
Garuda Construction and Engineering Limited, incorporated in 2010, is a prominent player in India’s construction sector. The company specializes in civil construction and engineering services, focusing on large-scale infrastructure projects. With a strong foundation in urban development, Garuda has delivered projects across residential, commercial, and industrial segments.
The company has demonstrated consistent growth, supported by its experienced management team and diversified order book, which includes projects from public and private sectors. Garuda is committed to sustainable construction practices and adheres to stringent quality standards.
For more details refer to Garuda Construction IPO RHP and Garuda Construction IPO Pulse Score
Garuda Construction IPO Details
| IPO Date | 8th October 2024 to 10th October 2024 |
| Listing Date | 15th October 2024 |
| Face Value | ₹5 per share |
| Price Band | ₹92 to ₹95 per share |
| Lot Size | 157 Shares |
| Total Issue Size | 2,78,00,000 shares (aggregating up to ₹264.10 Cr) |
| Fresh Issue | 1,83,00,000 shares (aggregating up to ₹173.85 Cr) |
| Offer for Sale | 95,00,000 shares of ₹5 (aggregating up to ₹90.25 Cr) |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 78,95,138(28.4%) |
| QIB | 60,04,862(21.6%) |
| NII | 41,70,000(15%) |
| bNII | 27,80,000(10%) |
| sNII | 13,90,000(5%) |
| Retail | 97,30,000(35%) |
| Total | 2,78,00,000(100%) |
Garuda Construction IPO Timeline
| IPO Open | 8th October 2024 |
| IPO Close | 10th October 2024 |
| Basis Of Allotment | 11th October 2024 |
| Initiation of Refunds | 14th October 2024 |
| Credit of Shares to Demat | 14th October 2024 |
| Listing Date | 15th October 2024 |
Fundamentals
Data as of 31st March 2024
| Market Cap | ₹883.9 Cr | P/E Ratio- Pre IPO | 19.49 |
| RoNW | 30.62% | P/E Ratio- Post IPO | 24.23 |
| RoCE | 46.69% | P/B Ratio | 5.97 |
| Debt to Equity | 0 | PAT Margin% | 23.63% |
Note: P/E Ratio -Pre IPO is calculated based on Pre-issue Shareholding and FY Earnings of March 2024. P/E Ratio- Post IPO is calculated based on Post-issue shareholding and annualized FY Earnings of March 2024.
Garuda Construction IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of the following objects:
- Working Capital Requirements
- General Corporate Expenses and unidentified inorganic acquisitions
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