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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Garuda Construction and Engineering Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹95
Per ShareLot Size
157 Shares
Minimum Investment
₹14,915
Issue Size
₹264.1 Cr
Face Value
₹5
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
96.82%
Promoter Holding (Post-Issue)
67.56%
Issue Type
Book Building
ISIN
INE0JVO01026
Garuda Construction and Engineering Limited is civil construction and engineering company based in Mumbai. The Company provides end to end civil construction for residential, commercial, residential cum commercial, infrastructure and industrial projects. It also provides services such as operations and maintenance services ("O&M") and Mechanical, Electrical and Plumbing ("MEP") services and finishing works as a part of its construction services. Hence, The Company offers complete construction services under its banner.
The company operates in the construction industry. The construction sector is the country's second-largest economic segment after Agriculture. The sector contributed 8.4% to the national GVA (at constant price) in FY23. The order book of construction companies is dependent upon the capital expenditure in the economy. Broadly, the investments can be classified into infrastructure, real estate and industrial construction. Increase in infrastructure demand & government initiative shows the potential for catapulting India to the third largest construction market globally. Overall the Indian Construction sector has grown at a CAGR of 10.6% from FY18 to FY23 from Rs. 2,375 Billion to Rs. 3,922 Billion. The construction sector is further expected to grow from Rs. 3,922 Billion in FY23 to Rs. 6,494 Billion in FY30 at a CAGR of 7.5%. Historically, infrastructure creation, spread across sectors such as roads and highways, telecom, airports, ports, power, oil and gas and railways has dominated the investments. Increase in Infrastructure demand & government initiative shows the potential for catapulting India to the third largest construction market globally. The sector is expected to contribute 15% to the Indian economy by 2030.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of up to 2,78,00,000 equity shares of face value of Rs. 5 each ( the "Equity Shares") of Garuda Construction and Engineering Limited ("The Company" or the "Issuer") for cash at a price of Rs. 95.00 per equity share (including a premium of Rs. 90.00 per equity share) ("Offer Price") aggregating up to Rs. 264.10 crores ("The Offer"). The offer comprises of a fresh issue of up to 1,83,00,000, equity shares aggregating up to Rs. 173.85 crores ("Fresh Issue") and an offer for sale of up to 95,00,000 equity shares by its promoter, PKH Ventures Limited aggregating up to Rs. 90.25 crores (the "Promoter Selling Shareholder") (the "Offer for Sale", together with the fresh issue, the "Offer"). The offer will constitute 29.88 % of its post-offer paid-up equity share capital. The face value of the equity shares is Rs. 5 each and the offer price is 19.00 times the face value of the equity shares. *Subject to the finalsation of the allotment
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Garuda Construction and Engineering Limited was incorporated as `Garuda Construction and Engineering Private Limited' a private limited company, under the Companies Act, 1956, pursuant to a certificate of incorporation dated September 21, 2010 issued by the Registrar of Companies, Maharashtra at Mumbai ("RoC"). Subsequently, the Company was converted into a public limited company pursuant to a special resolution passed by its shareholders in the extra ordinary general meeting held on September 09, 2023 and the name of the Company was changed to `Garuda Construction and Engineering Limited' and a fresh Certificate of Incorporation dated October 10, 2023 was issued to the Company by the RoC.
Wholesaler and Retailer
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.