Garuda Construction and Engineering Limited IPO GMP

Garuda Construction and Engineering Pvt. Ltd. is more than just a construction company; they are our trusted EPC (Engineering, Procurement, and Construction) specialist. With a wealth of experience and a proven track record, they have honed their skills to deliver turnkey solutions that exceed expectations.

Garuda Construction and Engineering, an Book Built Issue amounting to ₹264.1 Crores, consisting an Fresh Issue of 183.00 Lakh Shares worth ₹173.85 Crores and an Offer for Sale of 95.00 Lakh Shares totalling to ₹90.25 Crores. The subscription period for the Garuda Construction and Engineering IPO opens on October 08, 2024, and closes on October 10, 2024. The allotment is expected to be finalized on or about Friday, October 11, 2024, and the shares will be listed on the BSE NSE with a tentative listing date set on or about Tuesday, October 15, 2024.

The Share price band Garuda Construction and Engineering IPO is set at ₹92 to ₹95 equity per share, with a minimum lot size of 157 shares. Retail investors are required to invest a minimum of ₹14,915, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (2,198 shares), amounting to ₹2,08,810.

Corpwis Advisors Private Limited is the book-running lead manager, Link Intime Private Limited is the registrar for the Issue. 

Garuda Construction and Engineering Limited IPO GMP Today
The Grey Market Premium of Garuda Construction and Engineering Limited IPO is expected to be ₹0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Garuda Construction and Engineering Limited IPO Live Subscription Status Today: Real-Time Updates
As of 07:00 PM on 10 October 2024, the Garuda Construction and Engineering IPO live subscription status shows that the IPO subscribed 7.55 times on its Third day of subscription period. Check the Garuda Construction and Engineering IPO Live Subscription Status Today at BSE.

Garuda Construction and Engineering Limited IPO Anchor Investors Report
Garuda Construction and Engineering has raised ₹75.00 Crore from Anchor Investors at a price of ₹95 per shares in consultation of the Book Running Lead Managers. The company allocated 78,95,138 equity shares to the Anchor Investors. Check Full list of Garuda Construction and Engineering Anchor Investors List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion. 

Garuda Construction and Engineering Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online 
Garuda Construction and Engineering IPO allotment date is 11 October, 2024, Friday. Garuda Construction and Engineering IPO Allotment will be out on 11th October 2024 and will be live on Registrar Website from the allotment date. Check Garuda Construction and Engineering Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Garuda Construction and Engineering Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Garuda Construction and Engineering Limited IPO
Garuda Construction and Engineering Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹10,000.00 Lakhs will be used for Working Capital Requirements 
2. General Corporate Expenses and unidentified inorganic acquisitions

Refer to Garuda Construction and Engineering Limited RHP for more details about the Company.