Garuda Construction IPO subscription was started on Tuesday, October 8, and will close on October 10 as per the schedule. The price band is fixed ₹92 to ₹95 Per Share, with a face value of ₹5. The market lot of the IPO is 157 shares.
Garuda Construction IPO Subscription Status:
- Garuda Construction IPO subscription status is 4.11 times on day 2 till 5:00 PM on Wednesday, October 9.
- The retail portion was subscribed 6.74 times, the QIB portion was subscribed 0.91 times and the NII portion was subscribed 2.59 times.
- The company has received bids for 8,20,21,510 shares against 1,99,04,862 shares on offer on the last day.
- Garuda Construction IPO subscription status was 1.96 times, on day 1.
Garuda Construction is located in 201, A Wing, Fortune 2000 C 3 Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051, Maharashtra. Moreover, this company provides end provide end to end construction for commercial residential, infrastructure, cum commercial, and industrial projects and additional services. Wherein, civil construction includes the construction of residential hospitality, industrial infrastructural and commercial buildings, construction of concrete building structures.
Furthermore, this company has revenue operations of rs 8042.34 lakhs for the eight months ended November 30., while ₹ 16068.76 lakhs, ₹ 7702.08 lakhs, and ₹ 7195.52 lakhs or Fiscal 2023, Fiscal 2022, and Fiscal 2021, respectively.
This company was incorporated as “Garuda Construction and Engineering Private Limited” on September 21, 2010, as a private limited company, per the provisions of the erstwhile Companies Act, of 1956, under a Certificate of Incorporation dated September 21, 2010. The company’s main aim is customer satisfaction and long-term relationships with consumers.
Garuda Construction IPO GMP:
Garuda Construction IPO GMP was ₹5 as of Wednesday, October 9. That indicates the IPO is trading at ₹100 with ₹5 premium in the grey market against the issue price of ₹95.
