Garuda Construction IPO is set to open its subscription on October 8, 2024. The company aims to raise approximately ₹264.10 crores through this Mainline IPO, with the price band fixed between ₹92 to ₹95 per equity share. Investors can apply for a minimum lot of 157 shares, making this an attractive opportunity for both retail and institutional investors.
Headquartered at 201, A Wing, Fortune 2000 C 3 Block, Bandra Kurla Complex, Bandra (East), Mumbai, Maharashtra, Garuda Construction specializes in end-to-end construction services. Their portfolio spans commercial, residential, infrastructure, and industrial projects, including the construction of concrete buildings, hospitality spaces, and infrastructure facilities. The company’s experience in these sectors positions them as a strong player in the construction industry.
Garuda Construction and Engineering IPO Details
| IPO Open Date: | October 8, 2024 |
| IPO Close Date: | October 10, 2024 |
| Face Value: | ₹5 Per Equity Share |
| IPO Price Band: | ₹92 to ₹95 Per Share |
| Issue Size: | Approx ₹264.10 Crores, 27,800,000 Equity Shares |
| Fresh Issue: | Approx ₹173.85 Crores, 18,300,000 Equity Shares |
| Offer for Sale: | Approx ₹90.25 Crores, 9,500,000 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Garuda Construction and Engineering IPO Timeline
| IPO Open Date: | October 8, 2024 |
| IPO Close Date: | October 10, 2024 |
| Basis of Allotment: | October 11, 2024 |
| Refunds: | October 14, 2024 |
| Credit to Demat Account: | October 14, 2024 |
| IPO Listing Date: | October 15, 2024 |
Garuda Construction IPO GMP (Grey Market Premium) FAQs:
What is Garuda Construction IPO GMP Today?
As of today, the Garuda Construction IPO GMP is currently ₹-.
What is Garuda Construction IPO Kostak Rate Today?
Currently, the Garuda Construction IPO Kostak Rate stands at ₹-.
What is Garuda Construction IPO Subject to Sauda Today?
The Subject to Sauda for Garuda Construction IPO is ₹- today.
What are the Expected Returns for Garuda Construction IPO?
The Expected Returns for the Garuda Construction IPO are currently estimated at -%.
Disclaimer:
- The IPO Grey Market Premium (GMP) mentioned is valid for the specific date provided above.
- We do not engage in the buying or selling of IPO forms on the Grey Market.
- Kostak Rate refers to the premium for selling an IPO application in an off-market transaction prior to allotment or listing.
- Investors are advised not to base their subscription decisions solely on the premium price, as it is subject to change. Please consider the fundamentals of the company before subscribing.
