The IPO for Garuda Construction will commence on October 8, 2024, and end on October 10, 2024. This is a book-built issue of Garuda Construction. Through an initial public offering (IPO), the firm will collect approximately 264.10 crores, which will include a new issue of 173.85 crores and the sale of up to 95,00,000 equity shares with a face value of 5 apiece.

The pricing range for Garuda Construction’s IPO is ₹92 to ₹95 per share. HNI is 15%, QIB is 50%, and the retail quota is 35%. On October 15, 2024, Garuda Construction will go public on the BSE and NSE. The date of Garuda Construction’s first public offering is set for October 11, 2024.

The company reported revenue of ₹154.47 crores in 2024 against ₹161.02 crore in 2023. The company reported profit of ₹36.44 crores in 2024 against profit of 40.80 crores in 2023. As per the financials the IPO investors should apply the IPO for a long term.

Garuda Construction and Engineering IPO Details

IPO Open Date: October 8, 2024
IPO Close Date: October 10, 2024
Face Value: ₹5 Per Equity Share
IPO Price Band: ₹92 to ₹95 Per Share
Issue Size: Approx ₹264.10 Crores, 27,800,000 Equity Shares
Fresh Issue: Approx ₹173.85 Crores, 18,300,000 Equity Shares
Offer for Sale: Approx ₹90.25 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 ₹14,915 application amount. The retail investors can apply up-to 13 lots with 2041 shares or ₹193,895 amount.

Application Lot Size Shares Amount
Retail Minimum 1 157 ₹14,915
Retail Maximum 13 2041 ₹193,895
S-HNI Minimum 14 2,198 ₹208,810
B-HNI Minimum 68 10,676 ₹1,014,220

 

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 ₹ 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 Company Financial Report

The company reported revenue of ₹154.47 crores in 2024 against ₹161.02 crore in 2023. The company reported profit of ₹36.44 crores in 2024 against profit of 40.80 crores in 2023.

Amount ₹ in Crores

Period Ended Revenue Expense Profit After Tax Assets
2022 ₹77.03 ₹52.24 ₹18.78 ₹111.03
2023 ₹161.02 ₹105.94 ₹40.80 ₹176.35
2024 ₹154.47 ₹104.82 ₹36.44 ₹228.49
April 2024 ₹11.88 ₹7.20 ₹3.50 ₹234.84

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): ₹4.87 (Basic)
Price/Earning P/E Ratio: N/A
Return on Net Worth (RoNW): 30.62%
Net Asset Value (NAV): ₹15.92

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

Check IPO ALLOTMENT STATUS – here

 

Garuda Construction IPO Registrar

Link Intime India Pvt Ltd – Check Allotment Status
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Phone: +91 810 811 4949
Email: garudaconstructions.ipo@linkintime.co.in
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: compliance@garudaconstructionengineering.com
Website: www.garduaconstructionengineering.com

 

Garuda Construction IPO listing date is October 15, 2024. The IPO is to list on BSE & NSE.

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).

Check IPO ALLOTMENT STATUS – here

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