Garuda Construction & Engineering Ltd. IPO
Issue Price
₹95
GMP
—
Lot Size
157
Face Value
₹5
Issue Size
27,800,000 shares (aggregating up to ₹264 Cr)
Subscription
—
IPO Timeline
Open Date8-Oct-24
Close Date10-Oct-24
Allotment11-Oct-24
Refund Initiation14-Oct-24
Demat Credit14-Oct-24
UPI Mandate Deadline10-Oct-24
Listing Date15-Oct-24
Lock-in (30%)10-Nov-24
Lock-in (50%)9-Jan-25
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 13,900,000 (50%) | — | ₹13,205 Cr |
| NII (HNI) | — | 4,170,000 (15%) | — | ₹3,962 Cr |
| Retail | — | 9,730,000 (35%) | — | ₹9,244 Cr |
| Σ Total | — | 27,800,000 (100%) | — | ₹264,100 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Issue Price / Price Band₹95
Face Value₹5
Lot Size157 shares
Issue Size27,800,000 shares (aggregating up to ₹264 Cr)
Issue TypeBookbuilding IPO
Listing ExchangeNSE & BSE
Sale TypeFresh Capital-cum-Offer for Sale
Script Code—
Fresh Issue18,300,000 shares (aggregating up to ₹174 Cr)
Offer for Sale9,500,000 shares of ₹5 (aggregating up to ₹90 Cr)
Net Offer to Public—
Amount InCrore
Stock Price History · BSE
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Yahoo Finance · Live
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 157 | ₹14,915 |
| Retail (Max) | 13 | 2,041 | ₹193,895 |
| S-HNI (Min) | 14 | 2,198 | ₹208,810 |
| B-HNI (Min) | 67 | 10,519 | ₹999,305 |
Retail1 lot(s)157 shares₹14,915
S-HNI14 lot(s)2,198 shares₹208,810
B-HNI68 lot(s)10,676 shares₹1,014,220
Financial Statements Amount in Crore
| Metric | 30 Apr 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 12 | 154 | 161 |
| Profit After Tax | 4 | 36 | 41 |
| Net Worth | 123 | 119 | 83 |
| Total Assets | 235 | 228 | 176 |
| Reserves & Surplus | 85 | 82 | 70 |
| Total Borrowing | 0 | 0 | 0 |
Valuation & Key Ratios
ROE36%
ROCE47%
RONW31%
PAT Margin24%
EBITDA Margin—
Debt/Equity—
P/BV6
Pre EPS₹5
Post EPS₹5
Pre P/E19
Post P/E21
Grey Market Premium (GMP)
—
Current GMP
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Working Capital Requirements –
- General Corporate Expenses and Unidentified Inorganic Acquisitions –
Company Overview
Garuda Construction and Engineering Limited was founded in 2010 and is a construction company.
The company provides comprehensive construction services for residential, commercial, residential/commercial, infrastructure, and industrial projects, as well as additional services for infrastructure and hospitality projects. The company also provides services such as operation and maintenance (O&M) and mechanical, electrical and plumbing (MEP) services as well as finishing works as part of construction services.
Strengths:
- Exclusive and focused business approach: The company primarily focuses on the construction of residential and commercial buildings and is now venturing into industrial and infrastructure projects.
- Established and proven track record: The company has a strong track record in various construction projects, including Golden Chariot Vasai Hotel & Spa and Golden Chariot Boutique Hotel in 2015. Since 2017, the company has undertaken residential projects in MMR and completed two. From 2010 to 2017, the company focused on civil engineering in MMR, Karnataka and Tamil Nadu.
- Strong project management and execution capabilities
- Strong financial performance and healthy balance sheet: The company recorded Revenue from Operations of Rs. 1,187.50 Lacs for the period ended April 30, 2024, Rs. 15,417.83 Lacs in FY 2024 and Rs. 16068.76 Lacs in FY 2023.
- Visible growth through increasing order book: As of September 28, 2024, the order value of the company's ongoing and pending projects totaled Rs. 1,40,827.44 lacs. With projects spread across MMR, Arunachal Pradesh, Karnataka, Rajasthan, and Punjab, the increasing number of construction works and projects helped the company maintain its growth momentum and reputation.
- Experienced promoter, directors, and management team
As of September 28, 2024, the company had 65 permanent employees.
Company Information
Address201, A Wing, Fortune 2000 C -3 Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051 Bandra, Maharashtra
Phone+91 22 79635174