Garuda Construction and Engineering IPO Date, Review, Price, Allotment Details

Garuda Construction and Engineering IPO is opening for subscription on October 8, 2024, and closing on October 10, 2024. This Main-board IPO aims to raise ₹210.64 Crores, with consists of ₹173.85 Cr fresh issue and ₹90.25 Cr offer for sale of 95,00,000 equity shares, each with a face value of ₹5. The price band for the Garuda Construction and Engineering IPO is fixed at ₹92 – ₹95 Per Share, with a market lot of 157 Shares. The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). Garuda Construction and Engineering IPO Allotment will done on October 11, 2024, and Garuda Construction and Engineering IPO listing date is October 15, 2024.

 

Garuda Construction and Engineering Company Profile

Garuda Construction and Engineering Limited is an emerging player in the Indian construction industry, providing a range of services, including end-to-end solutions for commercial, residential, industrial, and infrastructure projects. The company’s expertise spans civil construction of concrete structures for various sectors, such as hospitality, industrial, infrastructural, and commercial buildings. Over the years, Garuda Construction has built a reputation for quality execution, customer satisfaction, and long-term relationships with its clients.

Company Background:

Garuda Construction and Engineering Limited was originally incorporated as “Garuda Construction and Engineering Private Limited” on September 21, 2010, under the erstwhile Companies Act of 1956. The company is headquartered at Bandra Kurla Complex, Mumbai, one of India’s prominent business hubs.

Garuda Construction focuses on delivering quality projects within defined timelines and budget constraints. With a broad portfolio in the construction, infrastructure, and real estate sectors, the company aims to continue expanding its presence across India.

Business Model and Services:

Garuda Construction operates in diverse sectors, including:

• Residential and Commercial Projects: Developing high-quality residential apartments, office buildings, and commercial complexes.
• Industrial Projects: Building facilities for manufacturing, logistics, and other industrial applications.
• Infrastructure Projects: Engaged in infrastructure development projects, such as roads, bridges, and other public infrastructure.

The company’s integrated approach allows it to handle multiple aspects of construction, including planning, design, material procurement, and execution, ensuring efficiency and seamless project management.

Core Strengths:

1. Diverse Project Portfolio: Garuda Construction has worked on a variety of projects across multiple sectors, which allows the company to tap into different revenue streams.
2. Expertise in Civil Construction: The company’s focus on civil engineering and construction has enabled it to establish a strong foundation in delivering concrete structures.
3. Experienced Leadership: Garuda Construction is led by industry veterans with decades of experience in construction and real estate development.
4. Customer-Centric Approach: The company places a strong emphasis on building long-term relationships with clients, ensuring that projects are completed to their satisfaction.
5. Strong Financials: Despite fluctuations in revenue, the company has shown resilience in maintaining profitability.

 

Garuda Construction and Engineering IPO GMP

 

Garuda Construction and Engineering IPO Objectives

The funds raised through the IPO will be utilized for:

1. Working Capital Requirements
2. General Corporate Purposes
3. Inorganic Acquisitions

 

Garuda Construction and Engineering IPO Key Details

• Garuda Construction and Engineering IPO Open Date: October 8, 2024
• Garuda Construction and Engineering IPO Close Date: October 10, 2024
• Garuda Construction and Engineering IPO Size: Approximately ₹210.64 Crores, 95,00,000 Equity Shares
• Face Value: ₹5 Per Equity Share
• Garuda Construction and Engineering IPO Price Band: ₹92 – ₹95 Per Equity Share
• Garuda Construction and Engineering IPO Listing on: NSE & BSE
• Retail Quota: 35% of the net offer
• QIB Quota: 50% of the net offer
• HNI Quota: 15% of the net offer

 

Garuda Construction IPO Market Lot:

• Minimum Market Lot: 157 shares (₹14,915)
• Maximum Market Lot: 13 lots (2041 shares) for ₹193,895
• S-HNI Minimum Lot Size: 14 lots (2,198 shares) for ₹208,810
• B-HNI Minimum Lot Size: 68 lots (10,676 shares) for ₹1,014,220

Garuda Construction and Engineering IPO Timeline

• Garuda Construction and Engineering IPO Open Date: October 8, 2024
• Garuda Construction and Engineering IPO Close Date: October 10, 2024
• Basis of Allotment: October 11, 2024
• Refunds: October 14, 2024
• Credit to Demat Account: October 14, 2024
• Garuda Construction and Engineering IPO Listing Date: October 15, 2024

 

How to Apply for Garuda Construction and Engineering IPO

Investors can apply for the Garuda Construction and Engineering IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

 

Garuda Construction and Engineering Financial Performance (in Crores)

 

Garuda Construction and Engineering Valuation FY2023

• Return on Equity (ROE): 36.14%
• Return on Capital Employed (ROCE): 46.69%
• EBITDA Margin: 32.49%
• PAT Margin: 23.63%
• EPS: ₹4.87
• Return on Net Worth (RoNW): 30.62%
• Net Asset Value (NAV): ₹15.92

 

Garuda Construction and Engineering Peer Group

• PSP Projects Limited: EPS: 34.16, P/E Ratio: 20.00, RoNW: 17.73%, NAV: ₹254.13
• Capacite Infraprojects Limited: EPS: 16.09, P/E Ratio: 23.61, RoNW: 9.35%, NAV: ₹223.44
• Vascon Engineers Limited: EPS: 3.05, P/E Ratio: 22.66, RoNW: 11.32%, NAV: ₹44.33
• Ahluwalia Contracts (India) Limited: EPS: 55.95, P/E Ratio: 22.97, RoNW: 17.14%, NAV: ₹238.84

 

Garuda Construction and Engineering Company Promoters

• Pravinkumar Brijendra Kumar Agarwal
• PKH Ventures Limited
• Makindian Township Private Limited

 

Garuda Construction and Engineering IPO Registrar

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Phone: +91-22-4918 6270
Email: garudaconstructions.ipo@linkintime.co.in

 

Garuda Construction and Engineering IPO Allotment Status Check

• Check the Garuda Construction and Engineering IPO allotment status on the Link Intime India website.

 

Garuda Construction and Engineering IPO Allotment Link

• Check the Garuda Construction and Engineering IPO allotment on the Check ipo Allotment website.

 

Garuda Construction and Engineering IPO Lead Managers (Merchant Bankers)

• Corpwis Advisors Private Limited

 

Garuda Construction and Engineering Company Address

201 A Wing,
Fortune 2000 C -3 Block~ Bandra Kurla Complex,
Bandra (East),
Mumbai,Maharashtra-400 051, India
Website: https://garudaconstructionengineering.com/
Phone: +91 22 79635174
Email: compliance@garudaconstructionengineering.com

 

Garuda Construction and Engineering IPO FAQs

 

What is Garuda Construction and Engineering IPO?

Garuda Construction and Engineering IPO is a Main-board IPO. They are going to raise ₹210.64 Crores via IPO. The issue is priced at ₹92 – ₹95 Per equity share. The IPO is to be listed on NSE & BSE.

 

When will the Garuda Construction and Engineering IPO open?

The IPO is to open on October 8, 2024, for NII, and Retail Investors.

 

What is Garuda Construction and Engineering IPO Investors Portion?

The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.

 

How to Apply for the Garuda Construction and Engineering IPO?

You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply Garuda Construction and Engineering IPO through M-Stock?

For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.

 

How to Apply the Garuda Construction and Engineering IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the Garuda Construction and Engineering IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

 

What is Garuda Construction and Engineering IPO Size?

Garuda Construction and Engineering IPO size is ₹210.64 Crores.

 

What is Garuda Construction and Engineering IPO Price Band?

Garuda Construction and Engineering IPO Price Band is ₹92 – ₹95 Per equity share.

 

What is Garuda Construction and Engineering IPO Minimum and Maximum Lot Size?

The IPO bid is 157 Shares with ₹14,915.

 

What is Garuda Construction and Engineering IPO Allotment Date?

Garuda Construction and Engineering IPO allotment date is October 11, 2024.

 

What is Garuda Construction and Engineering IPO Listing Date?

Garuda Construction and Engineering IPO listing date is October 15, 2024. The IPO to list on NSE & BSE.