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. The company’s expertise not only enhances the construction landscape but also establishes a solid foundation for future projects across various sectors.

The Garuda Construction and Engineering IPO is a Book Built Issue amounting to ₹264.1 Crores. This consists of a Fresh Issue of 183.00 Lakh Shares worth ₹173.85 Crores and an Offer for Sale of 95.00 Lakh Shares totaling 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 for the 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. This structured approach aims to attract a wide range of investors, ensuring that opportunities are accessible to both retail and institutional participants.

Corpwis Advisors Private Limited serves as the book-running lead manager, while Link Intime Private Limited is the registrar for the issue, ensuring that all processes related to the IPO are handled smoothly and efficiently.

Garuda Construction and Engineering Limited IPO GMP Today

The Grey Market Premium (GMP) 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, which means no real price discovery can be conducted 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 an unorganized manner, which is not recommended. The GMP is mentioned solely for educational and informational purposes.

Garuda Construction and Engineering Limited IPO Live Subscription Status Today

As of 07:00 PM on 10 October 2024, the Garuda Construction and Engineering IPO live subscription status shows that the IPO is subscribed 7.55 times on its third day of the subscription period. This indicates a healthy interest from investors and can be checked for real-time updates at the 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 share in consultation with the Book Running Lead Managers. The company allocated 78,95,138 equity shares to the Anchor Investors, further reinforcing confidence in the company’s financial outlook.

Note: Equity Shares allotted to Anchor Investors are drawn from the Qualified Institutional Buyers (QIBs) reservation portion.

Garuda Construction and Engineering Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online

The Garuda Construction and Engineering IPO allotment date is 11 October, 2024, Friday. The allotment will be live on the registrar website from this date. To check your allotment status, follow these steps:

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 these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Garuda Construction and Engineering Limited IPO

The proceeds from the Fresh Issue will be utilized towards the following objectives:

₹10,000.00 Lakhs will be allocated for Working Capital Requirements.

Funds will also be directed towards General Corporate Expenses and unidentified inorganic acquisitions to facilitate growth and expansion.

Garuda Construction and Engineering IPO Review

Garuda Construction and Engineering Pvt. Ltd. stands out not only as a construction firm but as a leading EPC specialist with extensive experience across various industries. The company is spearheaded by PRAVINKUMAR BRIJENDRA KUMAR AGARWAL, who brings over two decades of experience in sectors like Construction & Development, hospitality, and management services.

From a financial perspective, the Revenue in Fiscal 2024, Fiscal 2023, and Fiscal 2022 was ₹15,446.88 Lakhs, ₹16,102.41 Lakhs, and ₹7,702.79 Lakhs, respectively. The EBITDA for the same periods was ₹5,008.56 Lakhs, ₹5,599.17 Lakhs, and ₹2,716.85 Lakhs. The Profit after Tax figures were ₹3,643.53 Lakhs, ₹4,079.53 Lakhs, and ₹1,878.22 Lakhs. This consistent financial growth showcases the company’s resilience and capability to navigate market fluctuations effectively.

For the Garuda Construction and Engineering IPO, the company is issuing shares at a pre-issue EPS of ₹4.87 and a post-issue EPS of ₹3.91. The pre-issue P/E ratio stands at 19.50x, while the post-issue P/E ratio is 24.29x against the industry P/E ratio of 27.58. The company's ROCE for FY24 is 41.73%, and the RoE for FY24 is 30.62%. These financial metrics suggest that the IPO is fairly priced, providing a glimpse into the company’s profitability and operational efficiency.

However, with a Grey Market Premium (GMP) showing potential listing gains of 0%, investors are advised to be cautious. Given the company’s financial performance and the valuation of the IPO, experts recommend avoiding the Garuda Construction and Engineering Limited IPO for listing gains or long-term investment purposes.

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This article provides a detailed understanding of the Garuda Construction and Engineering IPO, emphasizing crucial financial metrics and investment insights to assist potential investors in making informed decisions.