Garuda Construction and Engineering Limited is a construction company. The company provides comprehensive construction services for residential, commercial, residential/commercial, infrastructure, and industrial projects, and additional services for infrastructure and hospitality projects.
The company also provides services such as operation and maintenance (O&M) and mechanical, electrical and plumbing (MEP) services as well as finishing works as part of construction services.
Currently engaged in civil construction of six:
- 6 Residential Projects,
- 2 Commercial Projects,
- 1 Industrial Project, and
- 1 Infrastructure.
As of September 28, 2024, The company’s order book aggregates to ₹ 1,408.27 Crore.
As of September 28, 2024, the company had 65 permanent employees.
Garuda Construction and Engineering IPO – Details
| IPO Opening Date | 08 October 2024 |
| IPO Closing Date | 10 October 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 2,78,00,000 Shares Worth ₹264.10 Crore Fresh Issue: 1,83,00,000 Shares Worth ₹173.85 Crore Offer For Sale: 95,00,000 Shares Worth ₹90.25 Crore |
| Face Value | ₹5 per equity share |
| IPO Price | ₹92 – ₹95 per share |
| Market Lot | 157 Shares |
| Min Order | 157 Shares (1 Lot) |
| Employee Discount | ₹8 |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Garuda Construction and Engineering IPO – Date Schedule
| IPO Open Date | 08 October 2024 |
| IPO Close Date | 10 October 2024 |
| Basis of Allotment | 11 October 2024 |
| Initiation of Refund | 14 October 2024 |
| Credit of Shares to Demat Account | 14 October 2024 |
| IPO Listing Date | 15 October 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 10, 2024 |
Garuda Construction and Engineering IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 157 | ₹14,915 |
| Retail (Max) | 13 | 2,041 | ₹1,93,895 |
| S-HNI (Min) | 14 | 2,198 | ₹2,08,810 |
| S-HNI (Max) | 67 | 10,519 | ₹9,99,305 |
| B-HNI (Min) | 68 | 10,676 | ₹10,14,220 |
Competitive Strengths
- The company’s primary focus is the civil construction of residential and commercial buildings.
- The company has established a track record of successfully executing a diverse mix of construction projects i.e., residential, hospitality, and commercial projects.
- The company’s goal is to use the project management and execution capabilities to accomplish our projects on schedule while keeping high construction quality.
- The company’s has an experienced promoter and management team with the Chairperson and Managing Director who is also the Promoter, having over 2 decades of experience in various businesses, such as construction, hospitality and management services.
- The company’s marketing and sales strategies.
- Visible growth through increasing order book.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 77.02 | 52.24 | 18.78 | 11.99 |
| 31 March 2023 | 161.02 | 105.93 | 40.79 | 0.19 |
| 31 March 2024 | 154.46 | 104.81 | 36.43 | 0.15 |
| 30 April 2024 | 11.87 | 7.19 | 3.50 | 0.15 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 36.14% |
| ROCE | 46.69% |
| RoNW | 30.62% |
| P/BV | 5.97 |
| PAT Margin (%) | 23.63 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 4.87 | 4.52 |
| P/E (x) | 19.49 | 21.03 |
Object Of The Issue
- Working Capital Requirements.
- General Corporate Expenses and Unidentified Inorganic Acquisitions.
Garuda Construction and Engineering IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 10 | PSP Projects Limited | 20.00 |
| 2 | 10 | Capacite Infraprojects Limited | 23.61 |
| 3 | 10 | Vascon Engineers Limited | 22.66 |
| 4 | 2 | Ahluwalia Contracts (India) Limited | 22.97 |
| 5 | 1 | B L Kashyap & Sons Limited | 48.67 |
Garuda Construction and Engineering IPO Promoter Holding
| Pre Issue Share Holding | 96.81% |
| Post Issue Share Holding | 67.56% |
Garuda Construction and Engineering IPO Prospectus
Company Contact Information
| 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 Email: compliance@garudaconstructionengineering.com Website: https://garudaconstructionengineering.com/ |
Garuda Construction and Engineering IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: garudaconstructions.ipo@linkintime.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
Garuda Construction and Engineering IPO Lead Manager(s)
| 1. Corpwis Advisors Private Limited |
Garuda Construction and Engineering IPO FAQs
| What is Garuda Construction and Engineering IPO? Garuda Construction and Engineering IPO is a main-board IPO. The issue is priced at ₹92 to ₹95 per equity share. The IPO is to be listed on BSE & NSE. |
| When Garuda Construction and Engineering IPO will open? The IPO is to open on 08 October 2024 for QIB, NII, and Retail Investors. |
| What is Garuda Construction and Engineering IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Garuda Construction and Engineering IPO? You can apply Garuda Construction and Engineering IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Garuda Construction and Engineering IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Garuda Construction and Engineering IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Garuda Construction and Engineering IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Garuda Construction and Engineering IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Garuda Construction and Engineering IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Garuda Construction and Engineering IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Garuda Construction and Engineering IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Garuda Construction and Engineering IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Garuda Construction and Engineering IPO Size? Garuda Construction and Engineering IPO size is ₹264.10 Crore. |
| What is the Garuda Construction and Engineering IPO Price Band? Garuda Construction and Engineering IPO Price Band is ₹92 to ₹95. |
| What is Garuda Construction and Engineering IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 157 Shares with ₹14,915 amount while the maximum bid is 2,041 Shares with ₹1,93,895. |
| What is the Garuda Construction and Engineering IPO Allotment Date? Garuda Construction and Engineering IPO allotment date is 11 October 2024. |
| What is the Garuda Construction and Engineering IPO Listing Date? Garuda Construction and Engineering IPO listing date is 15 October 2024. The IPO is to be listed on BSE and NSE. |
