| Company Name | Garuda Construction and Engineering Limited |
| Open Date | 08-10-2024 |
| Close Date | 10-10-2024 |
| Exchange | BSE, NSE |
| Lot Size | 157 Shares |
| Issue Price | ₹92 to ₹95 per share |
| Issue Size | 2,78,00,000 shares |
| Application Amount | ₹ 14,915 – ₹ 1,93,895 (157 to 2,041 shares) |
| Recommendation | Avoid |
Garuda Construction and Engineering Limited was originally formed and incorporated on Sep 21, 2010. The registered office is located at Mumbai, Maharashtra. The company is engaged in civil construction for residential, commercial, residential cum commercial, infrastructure and industrial projects and additional services for infrastructure and also hospitality projects. They also provide O&M and MEP services. The company had 65 employees as of Sep 28, 2024.
| KPI’s | FY 22 | FY 23 | FY 24 |
| Revenue | 77.02 | 160.69 | 154.18 |
| EBITDA | 27.16 | 55.65 | 49.80 |
| Net Profit | 18.78 | 40.79 | 36.44 |
| RoCE | 52.31% | 59.75% | 41.43% |
| ROE | 44.94% | 49.38% | 30.62% |
| P/E | 37.85 | 17.40 | 19.51 |
| Opening Date | 08/10/2024 |
| Closing Date | 10-10-2024 |
| Basis of Allotment | 11-10-2024 |
| Initiation of Refunds | 14-10-2024 |
| Credit of Shares to Demat | 14-10-2024 |
| Listing Date | 15-10-2024 |
| Funding working capital requirements |
| General Corporate Purposes and Unidentified Inorganic Acquisitions |
| Registered Office | Garuda Construction and Engineering Limited 201, A Wing, Fortune 2000 C -3 Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051 |
| Phone | +91 22 79635174 |
| compliance@garudaconstructionengineering.com | |
| Website | https://garudaconstructionengineering.com/ |
| Garuda Construction and Engineering IPO DRHP |
| Garuda Construction and Engineering IPO RHP |
| Name | Link Intime India Private Limited |
| Phone | +91-22-4918 6270 |
| garudaconstructions.ipo@linkintime.co.in | |
| Website | https://linkintime.co.in/initial_offer/public-issues.html |
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
| Share Holding Pre Issue (Promoters) | 96.81% |
| Share Holding Post Issue (Promoters) | 67.56% |