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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
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Garuda Construction and Engineering Limited IPO, GMP, Details, Price, And Review GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-10-08 | 95 | 5 (5.26%) | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Garuda Construction and Engineering Limited IPO, GMP, Details, Price, And Review 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 | 27,800,000 shares (aggregating up to ₹264.10 Cr) |
| Fresh Issue | 18,300,000 shares (aggregating up to ₹173.85 Cr) |
| Offer for Sale | 9,500,000 shares of ₹5 (aggregating up to ₹90.25 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 74,741,742 |
| Shareholding post issue | 93,041,742 |
Garuda Construction and Engineering Limited IPO, GMP, Details, Price, And Review Timeline
| Detail | Description |
|---|---|
| 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 |
Garuda Construction and Engineering Limited IPO, GMP, Details, Price, And Review Lot Size
| Application | Lots | Shares | 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 |
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 |
Garuda Construction and Engineering Limited IPO, GMP, Details, Price, And Review Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 96.81% | - |
Competitive Strength:
- ● 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
Garuda Construction and Engineering Limited IPO, GMP, Details, Price, And Review Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | 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 | ||||||||||||||||||||||||||||||||||||||||
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 |
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.
RHP:
View RHPDRHP:
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Frequently Asked Questions (FAQs)
-
What is the Garuda Construction IPO?
Garuda Construction IPO is a main-board IPO. The company is going to raise ₹264.10 Crores via IPO. The issue is priced at ₹92 to ₹95 per equity share. The IPO is to be listed on BSE & NSE.
-
When will the Garuda Construction IPO open for subscription?
The IPO is to open on October 8, 2024, for QIB, NII, and Retail Investors. The IPO will close on October 10, 2024.
-
What is the Garuda Construction IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Garuda Construction IPO Issue Size?
Garuda Construction's IPO issue size is ₹264.10 crores.
-
What is the Garuda Construction IPO Price Band?
Garuda Construction IPO Price Band is ₹92 to ₹95.
-
What is Garuda Construction IPO Lot Size?
The minimum bid is 157 Shares with ₹14,915 amount.
