The Garuda Construction and Engineering IPO has drawn considerable interest from investors, and as the bidding period closed on October 10, applicants eagerly await the IPO allotment results. The allotment is expected to be finalized today, October 11, 2024, providing investors with an opportunity to see if they have secured shares in this promising venture.

The Garuda Construction and Engineering IPO, which opened for subscription on October 8 and closed on October 10, 2024, comprises a total issue amount of ₹264.1 Crores. This includes a Fresh Issue of 183.00 Lakh shares worth ₹173.85 Crores and an Offer for Sale of 95.00 Lakh shares, totaling ₹90.25 Crores. With a price band set between ₹92 and ₹95 per equity share, retail investors are required to invest a minimum of ₹14,915 for one lot of 157 shares. High-Net-Worth Individuals (HNIs) need to apply for a minimum of 14 lots, amounting to ₹2,08,810.

How to Check Garuda Construction IPO Allotment Status

Investors eager to verify their Garuda Construction and Engineering IPO allotment status can do so conveniently online. Here are the simple steps to check your allotment status:

* Navigate to the IPO allotment status page.

* Select Garuda Construction and Engineering Limited IPO from the dropdown list.

* Enter your application number, PAN, or DP Client ID.

* Submit the details to check your allotment status.

By following these steps, investors can swiftly determine their allotment status and make informed decisions regarding their investments.

Grey Market Premium Insights

As for the Grey Market Premium (GMP), Garuda Construction and Engineering’s shares are currently trading at an expected premium of ₹0. The GMP is a crucial metric for gauging investor sentiment prior to the official listing. However, it's essential to note that trading in the grey market is unregulated, and its prices can fluctuate based on demand and supply dynamics. Thus, potential investors should rely on legitimate market metrics for investment decisions.

* Important Dates to Remember

* Allotment Date: October 11, 2024

* Credit of Shares to Demat Accounts: October 14, 2024

* Listing Date: Tentatively set for October 15, 2024

* Final Thoughts

The Garuda Construction and Engineering IPO presents an exciting opportunity for investors, offering insights into the future of construction and engineering in India. As the equity shares are prepared for distribution to eligible applicants, it's vital for investors to stay informed and engaged with the latest updates.

For more insights into upcoming investment opportunities, you can explore the Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi. Additionally, catch up on the Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News to stay ahead in the financial landscape.

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Embark on your Stock Market Journey today by opening a Free Demat Account with Choice Broking FinX and stay informed on the latest trends and strategies in investing.

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