Garuda Construction and Engineering Limited IPO has a ₹22 Grey Market Premium as of October 7, 2024, with a price range from ₹92 to ₹95 per share. Offering lots of 157 shares, the subscription window is open from October 8 to October 10, 2024.
Garuda Construction and Engineering Limited IPO GMP Today
The Grey Market Premium (GMP) for Garuda Construction and Engineering Limited is ₹22 as of October 7, 2024. This assessment coincides with a price from ₹92 to ₹95 per share for the IPO.
Garuda Construction and Engineering Limited IPO Review
Garuda Construction and Engineering Ltd demonstrates robust financial health with consistent revenue growth and enhanced profitability. Revenue rose from ₹7,702.08 lakhs in March 2022 to ₹15,417.83 lakhs in March 2024, while profit after tax increased from ₹1,878.22 lakhs in March 2022 to ₹3,643.53 lakhs in March 2024, reflecting the company’s effective business expansion.
The company’s equity strengthened from ₹4,179.04 lakhs in 2022 to ₹11,900.64 lakhs in 2024, boosting shareholder returns as the Diluted EPS for 2024 is ₹4.87. With a healthy balance sheet, NAV per Equity Share is ₹15.92 In 2024, Garuda Construction and Engineering showcased strong liquidity and reduced reliance on debt.
To get a full IPO review, click here Garuda Construction and Engineering IPO
Garuda Construction and Engineering Limited IPO Date
Garuda Construction and Engineering Limited will start accepting subscriptions from October 8 to October 10, 2024.
Garuda Construction and Engineering Limited IPO Price
Garuda Construction and Engineering Limited’s price range is from ₹92 to ₹95 per share with a face value of ₹5 each.
Garuda Construction and Engineering Limited
Garuda Constructions and Engineering Limited is a growing civil construction company offering end-to-end services for residential, commercial, infrastructure, and industrial projects. Their services include surveys, design, engineering, resource mobilization, and construction activities. With 12 ongoing projects, seven exceed contract values of ₹10,000 lakhs, showcasing their strong portfolio in the construction and hospitality sectors.
How To Apply For Garuda Construction and Engineering Limited IPO?
To apply for the Garuda Construction and Engineering Limited IPO through Alice Blue, follow these steps:
1. Open a Demat and Trading Account with Alice Blue if you don’t have one.
2. Access IPO details for Garuda Construction and Engineering Limited on the Alice Blue platform.
3. Place your bid for the desired number of shares within the IPO’s price range.
4. Confirm your information and submit your application quickly.
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