Garuda Construction and Engineering Limited IPO, GMP, Details, Price, And Review IPO Details
| Detail | Description |
|---|---|
| IPO Date | October 8, 2024 to October 10, 2024 |
| Listing Date | - |
| 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 |
| Listing At | BSE, NSE |
| Shareholding pre issue | 7,47,41,742 |
| Shareholding post issue | 9,30,41,742 |
About Garuda Construction and Engineering Limited IPO, GMP, Details, Price, And Review
Garuda Construction and Engineering Limited was founded in 2010 and is a construction company.
The company provides comprehensive construction services for residential, commercial, residential/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 (O&M) and mechanical, electrical and plumbing (MEP) services as well as finishing works as part of construction services.
Garuda Construction and Engineering IPO Overview:
• IPO Type: Book Built Issue
• Total Issue Size: ₹264.10 crores
· Fresh Issue: 1.83 crore shares, aggregating to ₹173.85 crores
· Offer for Sale (OFS): 0.95 crore shares, aggregating to ₹90.25 crores
• Price Band: ₹92 to ₹95 per share
• IPO Opening Date: October 8, 2024
• IPO Closing Date: October 10, 2024
• Lot Size 157 shares per application (minimum investment based on price band)
• Listing Exchanges: BSE, NSE
• Lead Manager: Corpwis Advisors Private Limited
• Registrar: Link Intime India Private Ltd
Garuda Construction and Engineering Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Offer |
Objectives of Dindigul Farm Product IPO
-
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objectives:
- 1. To meet Working Capital requirements.
- 2. Term Loan Repayment.
- 3. General Corporate Purpose.
Garuda Construction and Engineering Limited IPO, GMP, Details, Price, And Review Financial Information
Latest Revenue
11.88
₹ Crore
Profit After Tax
3.5
₹ Crore
Net Worth
122.51
₹ Crore
Total Borrowing
0.15
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 Apr 2024 | 234.84 | 11.88 | 3.5 | 122.51 | 0.15 | ||||
| 31 Mar 2024 | 228.49 | 154.47 | 36.44 | 119.01 | 0.15 | ||||
| 31 Mar 2023 | 176.35 | 161.02 | 40.8 | 82.61 | 0.19 | ||||
| 31 Mar 2022 | 111.03 | 77.03 | 18.78 | 41.79 | 11.99 | ||||
| Amount in ₹ Crore | |||||||||
IPO Estimated Listing Return
Based on the IPO Price of ₹95 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹55 and a lot size of 157 shares.
Garuda Construction and Engineering Limited IPO, GMP, Details, Price, And Review GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-10-08 | ₹95 | ₹5 (5.26%) | - |
Garuda Construction and Engineering Limited IPO, GMP, Details, Price, And Review Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 36.14% |
| ROCE | 46.69% |
| RoNW | 30.62% |
| P/BV | 5.97 |
| PAT Margin (%) | 23.63 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.87 | 4.52 |
| P/E (x) | 19.49 | 21.03 |
Frequently Asked Questions
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Competitive Strengths
Exclusive and focused business approach: The company primarily focuses on constructing residential and commercial buildings and is now venturing into industrial and infrastructure projects.
Established and proven track record: The company has a strong track record in various construction projects, including Golden Chariot Vasai Hotel & Spa and Golden Chariot Boutique Hotel in 2015. Since 2017, 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.
Strong project management and execution capabilities
Strong financial performance and healthy balance sheet: The company recorded Revenue from Operations of Rs. 1,187.50 Lacs for the period ended April 30, 2024, Rs. 15,417.83 Lacs in FY 2024 and Rs. 16068.76 Lacs in FY 2023.
Visible growth through increasing order book: As of September 28, 2024, the order value of the company's ongoing and pending projects totalled Rs. 1,40,827.44 lacs. With projects spread across MMR, Arunachal Pradesh, Karnataka, Rajasthan, and Punjab, the increasing number of construction works and projects helped the company maintain its growth momentum and reputation.
Experienced promoter, directors and management team
Download regulatory filings
Garuda Construction and Engineering Limited IPO, GMP, Details, Price, And Review IPO Timeline
| IPO Open Date | Tuesday, October 8, 2024 |
| IPO Close Date | Thursday, October 10, 2024 |
| Basis of Allotment | Friday, October 11, 2024 |
| Initiation of Refunds | Monday, October 14, 2024 |
| Credit of Shares to Demat | Monday, October 14, 2024 |
| Listing Date | Tuesday, October 15, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 10, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 157 | ₹14,915 |
| Retail (Max) | 13 | 2041 | ₹193,895 |
| S-HNI (Min) | 14 | 2,198 | ₹208,810 |
| S-HNI (Max) | 67 | 10,519 | ₹999,305 |
| B-HNI (Min) | 68 | 10,676 | ₹1,014,220 |