Garuda Construction and Engineering IPO Receives Positive Response with a 4.10x Subscription Rate on Day 2 - Read More !Garuda Construction and Engineering IPO Receives Positive Response with a 4.10x Subscription Rate on Day 2 - Read More !

Garuda Construction and Engineering IPO experienced varied subscription levels on Day 2, with Qualified Institutional Buyers (QIBs) at 0.91 times, Non-Institutional Investors (NIIs) at 2.58 times, and Retail Individual Investors (RIIs) showing stronger interest at 6.73 times, resulting in an overall subscription of 4.10 times.

Garuda Construction and Engineering Limited IPO Subscription Status

Garuda Construction and Engineering IPO saw a mixed response on Day 1 of its subscription. Qualified Institutional Buyers (QIBs) subscribed just 0.02 times, Non-Institutional Investors subscribed 1.10 times, and Retail Individual Investors showed strong interest with a 3.43 times subscription, totaling 1.91 times overall.

How to check Garuda Construction and Engineering IPO Subscription Status?

Steps to check Garuda Construction and Engineering Limited IPO subscription status on NSE

Following are the steps to check it through the NSE website

• Visit NSE‘s official website.
• Navigate to the ‘Market Data’ tab.
• Choose ‘IPO’.
• Select the ‘Garuda Construction and Engineering Limited IPO’ to check its subscription status.
• Opt for either NSE Bid details or Consolidated Bid details.
• Explore the total number of bids received from various investors. 

Garuda Construction and Engineering Limited IPO Allotment Status

The allotment date for the Garuda Construction and Engineering Limited IPO is set for October 11, with shares priced from ₹92 to ₹95 per share and a face value of ₹5. The offering consists of lots of 157 shares, with bids accepted for these lots or their multiples.

Garuda Construction and Engineering Limited IPO Listing Date 

Garuda Construction and Engineering Limited IPO is expected to be listed on the NSE SME on October 15, 2024.