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Open
8 Oct 2024
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Close
10 Oct 2024
3
Allotment
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Listing
Tue, Oct 15, 2024
Price Band
₹90 to ₹95
Issue Size
2,78,00,000 shares (agg. up to ₹264 Cr)
Lot Size
157 Shares
Listing Date
Tue, Oct 15, 2024
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
15-10-2024₹0Est. ₹95+0%
14-10-2024₹0Est. ₹95+0%
13-10-2024₹0Est. ₹95+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 5.60x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Apr 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 234.84 | 228.49 | 176.35 | 111.03 |
| Total Income | 11.88 | 154.47 | 161.02 | 77.03 |
| Profit After Tax | 3.50 | 36.44 | 40.80 | 18.78 |
| NET Worth | 122.51 | 119.01 | 82.61 | 41.79 |
| Reserves and Surplus | 85.16 | 81.65 | 70.13 | 29.34 |
| Total Borrowing | 0.15 | 0.15 | 0.19 | 11.99 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Arkade Developers Ltd. | Mainboard | ₹410.00 Cr | ₹128 | 16.01 | ₹165.86 | +29.58% | ₹137.59 (-0.94%) |
| Suraj Estate Developers Ltd. | Mainboard | ₹400.00 Cr | ₹360 | 35.64 | ₹334.50 | -7.08% | ₹199.58 (-0.05%) |
| Mason Infratech Ltd. | SME | ₹30.46 Cr | ₹64 | 24.33 | ₹92.40 | +44.38% | ₹122.00 (+0.00%) |
| V R Infraspace Ltd. | SME | ₹20.40 Cr | ₹85 | 20.99 | ₹87.40 | +2.82% | ₹102.90 (+5.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirement | 100.00 |
| 2 | General Corporate Purposes including unidentified inorganic acquisitions | 59.67 |
About Garuda Construction IPO
Garuda Construction and Engineering Limited was founded in 2010 and is a construction company. The company provides comprehensive construction services for residential, commercial, residential/commercial, infrastructure, and industrial projects, as well as 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. Strengths: Exclusive and focused business approach: The company primarily focuses on the construction of residential and commercial buildings and is now venturing into industrial and infrastructure projects. Established and proven track record: The company has a strong track record in various construction projects, including Golden Chariot Vasai Hotel & Spa and Golden Chariot Boutique Hotel in 2015. Since 2017, the company has undertaken residential projects in MMR and completed two. From 2010 to 2017, the company focused on civil engineering in MMR, Karnataka and Tamil Nadu. Strong project management and execution capabilities Strong financial performance and healthy balance sh
Contact Details
Garuda Construction & Engineering Ltd. Address201, A WingFortune 2000 C-3 Block, Bandra Kurla ComplexBandra (East)Mumbai, Maharashtra, 400051+91 22 79635174compliance@garudaconstructionengineering.comVisit Website