Offer Date | Oct 08 - Oct 10, 2024 |
Offer Price | ₹ 92-95 |
Lot Size | 157 |
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Garuda Construction and Engineering Limited IPO
Mainboard Pre-ApplyOffer Date: Oct 8, 2024 - Oct 10, 2024
Exp. Premium: 4-5 (4.21%)
₹ 14915 /157 Shares
Pre-Apply*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.
Garuda Construction and Engineering IPO Details
08 Oct, 2024
Open Date10 Oct, 2024
Close Date11 Oct, 2024
Allotment Date15 Oct, 2024
Listing DateIssue Price
₹92-95 per equity shareFace Value
₹5 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Pvt LtdMarket Lot
Retail : 157 Shares (₹14,915/-)S-HNI : 2,198 Shares (₹2,08,810/-)
B-HNI : 10,676 Shares (₹10,14,220/-)
Lead Manager
Corpwis Advisors Private LimitedIssue Size
Total ₹264.10 Cr :#Fresh Issue : 18,300,000 shares(aggregating up to ₹173.85 Cr) +
#OFS : 9,500,000 shares of ₹5(aggregating up to ₹90.25 Cr)
Retail Portion
35% (Number of Retail Applications: 61,975 Approx),(Number of S-HNI Applications : 632 Approx),
(Number of B-HNI Applications : 1,265 Approx)
Subscription
N/A timesGaruda Construction and Engineering Valuations
EPS Pre IPO
4.87EPS Post IPO
4.52P/E Pre IPO
19.49P/E Post IPO
21.03RoNW
30.62%Garuda Construction and Engineering Company Financials All values are in ₹ Cr.
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 228.49 | 176.35 | 111.03 |
| Revenue | 154.47 | 161.02 | 77.03 |
| Profit After Tax | 36.44 | 40.8 | 18.78 |
About The Company
Garuda Construction and Engineering Limited is a fast-growing civil construction firm that specializes in all-rounded construction services for residential, commercial, industrial, and infrastructure projects. Since its founding on September 21, 2010, Garuda has carved a niche for itself as a company that emphasizes quality and innovation to the maximum.
The company specializes in the construction of concrete and steel buildings with a powerful building structure, along with mechanical, electrical, and plumbing solutions services. It gives an integrated approach from conceptual design development to project completion, in accordance with Garuda's policies.
Garuda Construction also takes pride in its expertise in hospitality development, ensuring that every project not only meets but exceeds client expectations. Their services extend to operations and maintenance, guaranteeing long-term sustainability and performance of the structures built.
Garuda Construction and Engineering Limited is committed to innovation, efficiency, and client satisfaction. With a sincere passion for shaping the future of urban development through sustainable state-of-the-art constructions that are up to the highest industry standards, this brand aims at beautiful constructions, with good design, good materials, and pure social commitment.
Garuda Construction and Engineering - Strength and Weakness
Strength
The company maintains high construction quality and timely delivery through its strong project management capacity, utilizing a fleet of modern construction equipment managed through third-party vendors to remain asset-light.
As of the latest report, Garuda's order book stood at ₹1,40,827.44 lakhs, indicating strong future revenue potential from ongoing and upcoming projects across various regions.
Asset Management and Cost Efficiency: By employing third-party vendors for equipment, Garuda strategically keeps its asset base light, which enhances cost efficiency and minimizes operational disruptions, contributing to its financial stability.
Weakness
Garuda Construction has experienced negative cash flows from operations in recent periods, totalling (-₹192.64 lakhs) as of November 30, 2023, which could hinder financial stability and operations.
Venturing into new markets with 64.61% of ongoing projects with unrelated entities exposes Garuda to risks of non-performance, project delays, and potential financial losses.
Garuda Construction and Engineering - Promoter(s)
Pre Issue Share Holding: N/A%
Post Issue Share Holding: N/A%
Company Promoter(s)
- Pravinkumar Brijendra Kumar Agarwal
- PKH Ventures Limited
- Makindian Township Private Limited
Garuda Construction and Engineering IPO - Issue Objectives
- Working Capital Requirements
- General Corporate Expenses and unidentified inorganic acquisitions
- Cover the Issue Expenses
Other Details
Company Contact Details
Garuda Construction and Engineering
201, A Wing, Fortune 2000 C -3 Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051Phone: +91 22 79635174
Email: compliance@garudaconstructionengineering.com
Registrar Contact Details
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: garudaconstructions.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Garuda Construction and Engineering IPO - FAQs
Ans. Garuda Construction and Engineering Limited IPO is a Mainboard IPO. The issue is priced at ₹92-95 per equity share. The minimum order quantity is 157 Shares. The IPO opens on Oct 8, 2024, and closes on Oct 10, 2024. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Garuda Construction and Engineering Limited IPO opens on Oct 8, 2024 and closes on Oct 10, 2024.
Ans. The size of Garuda Construction and Engineering Limited IPO is Total ₹264.10 Cr : #Fresh Issue : 18,300,000 shares(aggregating up to ₹173.85 Cr) + #OFS : 9,500,000 shares of ₹5(aggregating up to ₹90.25 Cr).
Ans. The IPO price band is set between ₹92-95 per equity share.
Ans. To apply for Garuda Construction and Engineering Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Garuda Construction and Engineering Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Garuda Construction and Engineering Limited IPO is Oct 11, 2024.
Ans. The Garuda Construction and Engineering Limited IPO will be listed on Oct 15, 2024.
Ans. Follow the steps to check the allotment status for Garuda Construction and Engineering Limited IPO here.
