Garuda Construction and Engineering IPO
Garuda Construction and Engineering IPO is listed on BSE and NSE, priced at ₹92–₹95 per share. The stock debuted at ₹105, delivering a listing gain of 10.5%. The IPO had a lot size of ₹157 shares and a minimum investment of ₹14,915.
Garuda Construction and Engineering Limited IPO
- IPO Dates
- Oct 8, 2024 – Oct 10, 2024
- Price band
- ₹92-95 per equity share
- Minimum Investment
- ₹14,915
- Issue size
- ₹264.1 Cr
- Lot size
- 157
- Allotment Date
- Oct 11, 2024
- Listing
- Oct 15, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Oct 8, 2024
Open Date
Completed
-
Oct 10, 2024
Close Date
Completed
-
Oct 11, 2024
Allotment Date
Completed
-
Oct 15, 2024
Listing Date
Completed
Price Summary
- Last closing
- 171.90 (80.95%)
- 52 week high
- 249.30
- 52 week low
- 101.56
- Last update
Garuda Construction and Engineering IPO Essentials
Garuda Construction and Engineering IPO Details
Garuda Construction and Engineering IPO is priced at ₹92-95 per share with a total issue size of 264.1 crore. The IPO has a lot size of 157 shares and is listed on BSE and NSE.
- Issue price
- ₹92-95 per equity share
- Lot size
- 157 shares
- Face value
- ₹5 Per Equity Share
- Issue 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) - Total issue size
- 2,78,00,000 shares
(aggregating up to ₹264.1 crore) - Fresh issue
- 1,83,00,000 shares
(aggregating up to ₹173.85 crore) - Offer for sale (OFS)
- 95,00,000 shares
(aggregating up to ₹90.25 crore) - Listing at
- BSE, NSE
- List price
- 105.0(NSE)
- Listing date
- Registrar
- Link Intime India Pvt Ltd
- Lead manager
-
Corpwis Advisors Private Limited
Market Lot Size
Investors can bid for a minimum of 157 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 157 | ₹14,915 |
| Retail(max) | 13 | 2041 | ₹1,93,895 |
Garuda Construction and Engineering IPO Reservation
Garuda Construction and Engineering IPO reservation details show category-wise allocation of shares. Out of the total 27,800,000 shares, approximately 21.6% are reserved for QIB, 15% for NII, 35% for retail investors, and 28.4% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 7,895,138 (28.4%) | |
| QIB Shares Offered | 6,004,862 (21.6%) | |
| NII (HNI) Shares Offered | 4,170,000 (15%) | |
| bHNI > ₹10L | 2,780,000 (10%) | 1,264 |
| sHNI < ₹10L | 1,390,000 (5%) | 632 |
| Retail Shares Offered | 9,730,000 (35%) | 61,974 |
| Total Shares Offered | 27,800,000 (100%) |
Garuda Construction and Engineering IPO Analytics
Garuda Construction and Engineering IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Garuda Construction and Engineering IPO Subscription Status
Garuda Construction and Engineering IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 6,004,862 |
4,170,000
2,780,000
1,390,000
|
9,730,000 | 19,904,862 |
|
Day 1
08-10-24 05:00 PM
|
0.02 x |
1.10x
0.45x
2.39x
|
3.43 x | 1.91 x |
|
Day 2
09-10-24 05:00 PM
|
0.91 x |
2.58x
1.32x
5.10x
|
6.73 x | 4.10 x |
|
Day 3
10-10-24 05:00 PM
|
1.24 x |
9.03x
7.93x
11.23x
|
10.81 x | 7.55 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 7,05,000 (Approx) | —x | —x | 11.24x |
Garuda Construction and Engineering Valuations
Earnings
- EPS Pre IPO
- 4.87
- EPS Post IPO
- 4.52
- P/E Pre IPO
- 19.49
- P/E Post IPO
- 21.03
Returns
- ROE
- 36.14%
- ROCE
- 46.69%
- RoNW
- 30.62%
- PAT Margin
- 23.63
Fundamentals
- Price / Book
- 5.97
Garuda Construction and Engineering Financials( In Crs.)
| 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 |
| Net Worth | 119.01 | 82.61 | 41.79 |
| Reserves & Surplus | 81.65 | 70.13 | 29.34 |
| Total Borrowing | 0.15 | 0.19 | 11.99 |
Garuda Construction and Engineering Company & Offer Insights
About Garuda Construction and Engineering
Garuda Construction and Engineering Limited was incorporated on 21st day of September, 2010, and is a fast-emerging civil construction company undertaking comprehensive construction services in residential, commercial, industrial, and infrastructure projects. Garuda has established itself as a quality and innovative trailblazer and earned a good name in the industry.
The company specializes in the construction of concrete and steel structures that are not only strong but also durable, offering customers a total solution with MEP solutions. Garuda is proud to be offering its services-from conceptual design to actual project completion-to ensure that all projects meet its commitment to excellence.
Renowned for its expertise in hospitality development, Garuda consistently delivers projects that not only meet but exceed client expectations. The firm also offers comprehensive operations and maintenance services, ensuring the sustainability and long-term performance of every structure built.
Garuda’s mission is to drive the future of urban development by creating sustainable, innovative, and beautifully designed structures. With a focus on efficiency, client satisfaction, and the use of top-quality materials, Garuda is committed to enhancing urban landscapes with state-of-the-art construction that reflects its core values of social responsibility and design excellence.
Garuda Construction and Engineering Promoter(s)
Pravinkumar Brijendra Kumar Agarwal, PKH Ventures Limited, Makindian Township Private Limited are the company's promoters of Garuda Construction and Engineering.
Garuda Construction and Engineering IPO Issue Objectives
- •
- Working Capital Requirements
- •
- General Corporate Expenses and unidentified inorganic acquisitions
- •
- Cover the Issue Expenses
Garuda Construction and Engineering IPO - Anchor Investors
Garuda Construction and Engineering raises Rs 75 crore via anchor book.
The construction company said in its exchange filing that it has finalised the allocation of 78,95,138 equity shares to seven anchor investors for Rs 95 per share.
AG Dynamic Funds is the largest buyer amongst them, acquiring 21.05 lakh shares worth Rs 20 crore, while Trust Mutual Fund, Maybank Securities, North Star Opportunities Fund, Resonance Opportunities Fund, and Bridge India Fund bought 10.52 lakh shares worth Rs 10 crore each.Cognizant Capital Dynamic Opportunities Fund is the smallest buyer, picking 5.26 lakh shares worth Rs 5 crore.
Garuda Construction and Engineering IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Garuda Construction and Engineering Limited | 4.87 | N/A | 15.92 | N/A | 36.14 | 6.33 | Consolidated |
| Psp Projects Ltd | 34.16 | N/A | 254.13 | 20 | 17.73 | 2.7 | Consolidated |
| Capacite Infraprojects Ltd | 16.09 | N/A | 223.44 | 23.61 | 9.35 | 1.17 | Consolidated |
| Vascon Engineers Ltd | 3.05 | N/A | 44.33 | 22.66 | 11.32 | 1.39 | Consolidated |
| Ahluwalia Contracts (India) Ltd. | 55.95 | N/A | 238.84 | 22.97 | 17.14 | 4.28 | Consolidated |
| B.l.kashyap And Sons Ltd. | 2.33 | N/A | 22.02 | 48.67 | 13.38 | 3.09 | Consolidated |
Notes:
- For listed peer - sourced from the annual audited financial results of the listed peer for the year ended March 31, 2024.
- For listed peers, Net Asset Value (NAV) is computed as equity attributable to owners (total equity) divided by the number of equity shares outstanding at the end of the year.
- For listed peers, the P/E Ratio has been computed based on the closing market price of equity shares on the website of BSE as of August 30, 2024, divided by the Basic EPS provided under Note 2 above.
Garuda Construction and Engineering IPO - Strengths and Risks
Garuda Construction and Engineering IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Garuda Construction and Engineering
+91 22 79635174
compliance@garudaconstructionengineering.com
https://garudaconstructionengineering.com/
201, A Wing, Fortune 2000 C -3 Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Garuda Construction and Engineering IPO is a book-built IPO worth ₹264.1 crore. The price band is ₹92–₹95 per share. The IPO opens on Oct 8, 2024 and closes on Oct 10, 2024. It will be listed on BSE and NSE. Link Intime India Pvt Ltd is the registrar.
The price band of Garuda Construction and Engineering IPO is ₹92 to ₹95 per share.
The lot size of Garuda Construction and Engineering IPO is 157 shares.
The minimum investment for Garuda Construction and Engineering IPO is approximately ₹14,915 based on the upper price band .
Garuda Construction and Engineering IPO opens on Oct 8, 2024 and closes on Oct 10, 2024.
The allotment date of Garuda Construction and Engineering IPO is Oct 11, 2024.
Garuda Construction and Engineering IPO is expected to be listed on Oct 15, 2024, on BSE and NSE .
Garuda Construction and Engineering IPO listed on Oct 15, 2024. It was issued at ₹105.0(NSE) and is currently around ₹171.90 as on 14-May-2026 3:30 PM, which is approximately 80.9% versus issue price. The 52-week high is ₹249.30.
Based on listing and post-listing performance, Garuda Construction and Engineering IPO delivered around 80.9% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Garuda Construction and Engineering IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Garuda Construction and Engineering IPO valuation snapshot: P/E 21.03, EPS 4.52, P/B 5.97, RoNW 30.62%, and market cap N/A.
To apply for Garuda Construction and Engineering IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Garuda Construction and Engineering IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Garuda Construction and Engineering IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Garuda Construction and Engineering IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Garuda Construction and Engineering IPO allotment status on IPO Ji for quick and easy access.