Garuda Construction and Engineering is a civil construction company that provides end-to-end civil construction for residential, commercial, residential cum commercial, infrastructure and industrial projects, and hospitality projects. It also offers services such as operations and maintenance services (O&M), Mechanical, Electrical and Plumbing services and finishing works (MEP). Golden Chariot Vasai Hotel & Spa, Renovation and Refurbishment of Golden Chariot, the Boutique Hotel at Andheri (East), Mumbai, and Delhi Police Headquarters are the projects completed by the company.
Garuda Construction and Engineering IPO, a Mainline IPO of ₹264.10 Cr opens for subscription from 08-10-2024 to 10-10-2024. The IPO consists of ₹173.85 Cr fresh issue and ₹90.25 Cr offer for sale. The face value is Rs. 5 and the price band is fixed at 92.00-95.00 per share. You can apply to the Garuda Construction and Engineering Mainline IPO for a minimum lot of 157 shares amounting of Rs. 14915. The tentative listing date on the exchange (BSE, NSE) is 15-10-2024.
Garuda Construction and Engineering IPO Details
| IPO Issue Opening Date | 8th Oct 2024 |
| IPO Issue Closing Date | 10th Oct 2024 |
| IPO Issue Price | ₹92.00-95.00 Per Share |
| IPO Listing At | BSE, NSE |
| Retail Quota | Not less than 35.00% of the Net Issue |
| IPO Issue Type | Book Build Issue |
| IPO Issue Size | ₹264.10 Cr |
| Offer for Sale | ₹90.25 Cr |
| Fresh Issue | ₹173.85 Cr |
| Face Value | ₹5 Per Equity Share |
| IPO Discount | TBD |
| Promoter Holding Pre IPO | 96.81% |
Garuda Construction and Engineering IPO dates
Get important updates regarding Garuda Construction and Engineering IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date | 11th Oct 2024 |
| Refunds Initiation | 14th Oct 2024 |
| Credit of Shares to Demat | 14th Oct 2024 |
| IPO Listing Date | 15th Oct 2024 |
Garuda Construction and Engineering IPO Lots
| IPO Activity | Date |
|---|---|
| Issue Price | ₹92.00-95.00 |
| Market Lot | 157 Shares |
| 1 Lot Amount | ₹14915 |
| Min Small HNI Lots(2-10 Lakh) | 2198 shares (14 lots) – ₹208810 |
| Min Big HNI Lots(10+ Lakh) | 10676 shares (68 lots) – ₹1014220 |
Garuda Construction and Engineering Limited Financial Information
Garuda Construction and Engineering Limited’s revenue decreased by -4% and profit after tax (PAT) dropped by -11% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 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 |
| Reserves and Surplus | 85.16 | 81.65 | 70.13 | 29.34 |
| Total Borrowing | 0.15 | 0.15 | 0.19 | 11.99 |
