The Garuda Construction and Engineering IPO has set its price band between ₹92 and ₹95 per share, with the subscription period commencing on October 8 and concluding on October 10. Anchor investor allocations are scheduled for October 7. This IPO presents an opportunity for investors to engage with a company focused on full-service civil construction projects, including residential, commercial, and infrastructure developments.
Garuda Construction and Engineering IPO 2024
With a lot size of 157 equity shares, Garuda aims to raise capital through the issuance of new equity shares while also offering a portion of shares through an offer for sale by its promoter, PKH Ventures Ltd. The funds raised will primarily be used for working capital needs and general corporate purposes, which may include potential acquisitions.
Garuda Construction and Engineering IPO Price Band
| IPO Price Range | Price Band Details |
| Price Range | ₹92 – ₹95 |
| Lot Size | 157 shares |
Garuda Construction and Engineering IPO Subscription Dates
| Subscription Dates | Important Dates |
| Opening Date | October 8 |
| Closing Date | October 10 |
| Anchor Investor Date | October 7 |
Garuda Construction and Engineering IPO Allocation and Refund Dates
| Allocation Dates | Refund Dates |
| Allotment Finalization | October 11 |
| Refund Initiation | October 14 |
| Shares Credited | October 14 |
Garuda Construction and Engineering IPO Market Comparison
| Metric | Garuda Construction | Industry Average |
| P/E Ratio (Upper Band) | 19.51 | 27.58 |
| P/E Ratio (Lower Band) | 18.89 | |
Garuda Construction and Engineering IPO Share Allocation for Investors
| Investor Type | Share Allocation |
| Qualified Institutional Buyers (QIB) | 50% |
| Non-Institutional Investors (NII) | 15% |
| Retail Investors | 35% |
Garuda Construction and Engineering Financial Performance
| Fiscal Year | Revenue (in lakhs) |
| FY2024 | 15,417.83 |
| FY2023 | 16,068.76 |
| FY2022 | 7,702.08 |
Garuda Construction and Engineering IPO Objectives
| Fund Utilization | Purpose |
| Working Capital Needs | General corporate purposes |
| Potential Inorganic Acquisitions | |
Garuda Construction and Engineering Competitors
| Company Name | P/E Ratio |
| PSP Projects Ltd | 20 |
| Capacite Infraprojects Ltd | 23.61 |
| Vascon Engineers Ltd | 22.66 |
| Ahluwalia Contracts (India) Ltd | 22.97 |
| B L Kashyap & Sons Ltd | 48.67 |
Garuda Construction and Engineering IPO Lead Manager
| Lead Manager | Role |
| Corpwis Advisors Private Ltd | Sole Book Running Lead Manager |
Garuda Construction and Engineering IPO Registrar
| Registrar | Role |
| Link Intime India Private Ltd | Registrar for the IPO |
Garuda Construction and Engineering Business Focus
| Service Category | Description |
| Civil Construction | Residential, commercial, infrastructure |
| Supplementary Services | Infrastructure and commercial projects |
Garuda Construction and Engineering Future Prospects
| Growth Indicators | Recent Trends |
| Revenue Growth | Positive trajectory |
| Project Diversification | Expanding into new markets |
Garuda Construction and Engineering Market Positioning
| Market Position | Key Strengths |
| Full-Service Civil Construction | Diverse project portfolio |
Garuda Construction and Engineering IPO Significance
| Importance | Implications |
| Investor Engagement | Access to growth potential |
Garuda Construction and Engineering Investor Considerations
| Investor Factors | Considerations |
| Risk Assessment | Market volatility |
| Investment Horizon | Long-term growth potential |
Garuda Construction and Engineering IPO Highlights
| Factor | Key Highlights |
| IPO Price Band | ₹92 – ₹95 |
| Subscription Period | October 8 to October 10 |
| Anchor Investor Allocation | October 7 |
Disclaimer
The opinions and recommendations provided above are those of individual analysts, experts, and brokerage firms, and do not reflect the views of Browvopetshop. We recommend that investors consult with certified professionals before making any investment decisions.
Garuda Construction and Engineering IPO Summary
The Garuda Construction and Engineering IPO presents a promising investment opportunity, with a competitive pricing strategy and robust market positioning. Investors should consider the company’s growth trajectory and market conditions when making their decisions.The Garuda Construction and Engineering IPO is set with a price band of ₹92-95, opening for subscription from October 8 to 10. The IPO aims to raise funds for working capital and corporate purposes, with significant allocations for retail and institutional investors. The company’s competitive P/E ratios compared to industry averages indicate potential value for investors. Overall, the IPO presents a strategic opportunity for those looking to invest in the construction sector.
