Garuda Construction and Engineering IPO Details
| IPO Open Date: | October 8, 2024 |
| IPO Close Date: | October 10, 2024 |
| Face Value: | ā¹5 Per Equity Share |
| IPO Price Band: | ā¹92 to ā¹95 Per Share |
| Issue Size: | Approx ā¹264.10 Crores, 27,800,000 Equity Shares |
| Fresh Issue: | Approx ā¹173.85 Crores, 18,300,000 Equity Shares |
| Offer for Sale: | Approx ā¹90.25 Crores, 95,00,000 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Garuda Construction IPO Market Lot
The Garuda Construction IPO minimum market lot is 157 shares with ā¹14,915 application amount. The retail investors can apply up-to 13 lots with 2041 shares or ā¹193,895 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 157 | ā¹14,915 |
| Retail Maximum | 13 | 2041 | ā¹193,895 |
| S-HNI Minimum | 14 | 2,198 | ā¹208,810 |
| B-HNI Minimum | 68 | 10,676 | ā¹1,014,220 |
Garuda Construction and Engineering IPO Dates
The Garuda Construction IPO date is October 8 and the close date is October 10. The Garuda Construction IPO allotment will be finalized on October 11 and the IPO listing on October 15.
| IPO Open Date: | October 8, 2024 |
| IPO Close Date: | October 10, 2024 |
| Basis of Allotment: | October 11, 2024 |
| Refunds: | October 14, 2024 |
| Credit to Demat Account: | October 14, 2024 |
| IPO Listing Date: | October 15, 2024 |
Promoters of Garuda Construction IPO
The promoters of the company are Pravinkumar Brijendra Kumar Agarwal, PKH Ventures Limited, and Makindian Township Private Limited.
About Garuda Construction IPO
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 ā¹ 16068.76 lakhs, ā¹ 7702.08 lakhs, and ā¹ 7195.52 lakhs or Fiscal 2023, Fiscal 2022, and Fiscal 2021, respectively.
This company was incorporated as āGaruda Construction and Engineering Private Limitedā 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 Company Financial Report
The company reported revenue of ā¹154.47 crores in 2024 against ā¹161.02 crore in 2023. The company reported profit of ā¹36.44 crores in 2024 against profit of 40.80 crores in 2023.
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ā¹77.03 | ā¹52.24 | ā¹18.78 | ā¹111.03 |
| 2023 | ā¹161.02 | ā¹105.94 | ā¹40.80 | ā¹176.35 |
| 2024 | ā¹154.47 | ā¹104.82 | ā¹36.44 | ā¹228.49 |
| April 2024 | ā¹11.88 | ā¹7.20 | ā¹3.50 | ā¹234.84 |
Garuda Construction IPO Valuation – FY2024
Check Garuda Construction IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 36.14% |
| ROCE: | 46.69% |
| EBITDA Margin: | 32.49% |
| PAT Margin: | 23.63% |
| Debt to equity ratio: | NA |
| Earning Per Share (EPS): | ā¹4.87 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 30.62% |
| Net Asset Value (NAV): | ā¹15.92 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| PSP Projects Limited | 34.16 | 20.00 | 17.73% | 254.13 | – Cr. |
| Capacite Infraprojects Limited | 16.09 | 23.61 | 9.35% | 223.44 | – Cr. |
| Vascon Engineers Limited | 3.05 | 22.66 | 11.32% | 44.33 | – Cr. |
| Ahluwalia Contracts (India) Limited | 55.95 | 22.97 | 17.14% | 238.84 | – Cr. |
| B L Kashyap & Sons Limited | 2.33 | 48.67 | 13.38% | 22.02 | – Cr. |
Objects of the Issue
- Working Capital Requirements
- General Corporate Expenses and unidentified inorganic acquisitions
Garuda Construction IPO Review
- IPO Watch – May Apply
- Arihant Capital Markets – Apply
- Canara Bank –
- DRChoksey FinServ –
- Emkay Global –
- Hem Securities –
- IDBI Capital –
- Marwadi Shares –
- Nirmal Bang –
- SBICAP Securities –
- Sharekhan –
- SMC Global –
- Sushil Finance –
- Swastika Investmart – Apply
- Ventura Securities –
- Geojit –
- Reliance Securities –
- Capital Market –
- BP Wealth –
- ICICIdirect –
- Choice Broking –
Garuda Construction IPO Registrar
Link Intime India Pvt Ltd
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai ā 400 083, Maharashtra
Phone: +91 810 811 4949
Email: [email protected]
Website: www.linkintime.co.in
IPO Lead Managers aka Merchant Bankers
- Corpwis Advisors Private Limited
Company Address
Garuda Construction and Engineering Limited
201, A Wing, Fortune 2000 C -3 Block, Bandra Kurla Complex,
Bandra (East), Mumbai 400 051, Maharashtra
Phone: +91 22 79635174
Email: [email protected]
Website: www.garduaconstructionengineering.com
Garuda Construction and Engineering IPO FAQs
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Note: The Garuda Construction IPO price band and date are officially announced. The (Garuda Construction IPO grey market premium) will be added to the IPO GMP page as it will start).
One Response
What is about debt of company please let me know