Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Ad www.AngelOne.in
IPO Status: Upcoming [8th Oct 2024 to 10th Oct 2024]
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.Stay tuned with us to get more details about Garuda Construction and Engineering Mainline IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
| IPO Issue Opening Date: | 8th Oct 2024 |
| IPO Issue Closing Date: | 10th Oct 2024 |
| IPO Issue Price: | ₹92.00-95.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| 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% |
| Promoter Holding Post IPO: |
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 |
* - Tentative Dates
| 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 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 03-10-2024 | 95.00 | 0 | -- | ₹95 (0%) | 3-Oct-2024 16:29 |
Want to start your investment journey, join India’s Pioneer Discount Broker – ZERODHA – Free Delivery Trade, Maximum Rs 20 for F&O and Intraday, Free Direct Mutual Fund investment.Open Zerodha Account
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
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.
Currently, it has 6 ongoing residential projects, 2 commercial projects, 1 industrial project, and 1 infrastructure project. The company has 12 ongoing projects with a total order book of Rs 140,827.44 lakhs.
| Incorporation | Sector | IPO Issue Size | Website |
| 2010 | Construction | ₹264.10 Cr | https://garudaconstructionengineering.com/ |
The Company proposes to utilize the funds being raised to fund the following objectives:
Our experts can help you prepare for SME IPO
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 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Garuda Construction and Engineering Limited | 4.87 | 15.92 | 36.14 | Consolidated | ||
| Psp Projects Ltd | 34.16 | 254.13 | 20 | 17.73 | Consolidated | |
| Capacite Infraprojects Ltd | 16.09 | 223.44 | 23.61 | 9.35 | Consolidated | |
| Vascon Engineers Ltd | 3.05 | 44.33 | 22.66 | 11.32 | Consolidated | |
| Ahluwalia Contracts (india) Ltd. | 55.95 | 238.84 | 22.97 | 17.14 | Consolidated | |
| B.l.kashyap And Sons Ltd. | 2.33 | 22.02 | 48.67 | 13.38 | Consolidated |
Last Updated on 03-Oct-2024 16:32:54
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Garuda Construction and Engineering IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Garuda Construction and Engineering IPO with Zerodha.
Alternate approch to apply in Garuda Construction and Engineering IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Garuda Construction and Engineering IPO Review and Important Updates
Other relevant questions :
How to subscribe Garuda Construction and Engineering IPO Zerodha? How to purchase Garuda Construction and Engineering IPO on Zerodha? Garuda Construction and Engineering IPO how to buy Zerodha? Garuda Construction and Engineering IPO Zerodha apply. Garuda Construction and Engineering IPO purchase Zerodha. Garuda Construction and Engineering IPO with Zerodha. Garuda Construction and Engineering IPO at Zerodha. Garuda Construction and Engineering IPO kite Zerodha. Garuda Construction and Engineering IPO using Zerodha. Garuda Construction and Engineering IPO via Zerodha.
To subscribe or apply in Garuda Construction and Engineering IPO, you can use the following methods:
| Garuda Construction and Engineering IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Garuda Construction and Engineering IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Garuda Construction and Engineering IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Garuda Construction and Engineering IPO. Most of the Syndicate Banks provide access to apply in Garuda Construction and Engineering IPO via ASBA process. You must have your net banking access, DP ID information to apply in Garuda Construction and Engineering IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Garuda Construction and Engineering IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Garuda Construction and Engineering IPO Review and Important Updates
Other relevant question on same topics are:
Where to subscribe Garuda Construction and Engineering IPO? Where to apply for Garuda Construction and Engineering IPO? How to subscribe Garuda Construction and Engineering IPO online? Garuda Construction and Engineering IPO where to apply? Where to buy Garuda Construction and Engineering IPO online? How to buy Garuda Construction and Engineering IPO online? How to purchase Garuda Construction and Engineering IPO? How to get Garuda Construction and Engineering IPO? How to book Garuda Construction and Engineering IPO? How to invest Garuda Construction and Engineering IPO? Garuda Construction and Engineering IPO kaise buy kare?
Garuda Construction and Engineering IPO is going to be list on 15-10-2024.
Other relevant questions:
When Garuda Construction and Engineering IPO will be listing? Garuda Construction and Engineering IPO listing date?Garuda Construction and Engineering IPO date of listing
Garuda Construction and Engineering IPO Allotment Date is 11-10-2024.
Other relevant questions:
Garuda Construction and Engineering IPO share allotment date?Garuda Construction and Engineering IPO allotment date?
