Garuda Construction and Engineering IPO Day 2: Issue booked 3.19 times; check subscription, offer size and price band

Garuda Construction and Engineering IPO detail

[{"selector":"#anim-b24c6428-ef51-419c-8d14-f298b7a2e163 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Garuda Construction and Engineering IPO is a book-building issue worth ₹264.1 crore. The mainboard public offer consists of a fresh issue of 1.83 crore shares and an offer-for-sale (OFS) portion of 95 lakh shares, aggregating to ₹90.25 crore.

Garuda Construction and Engineering IPO date

[{"selector":"#anim-171723da-84a2-4ad0-b885-43eee52e5878 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 2.571170135106745e-7%) scale(0.847457627118644)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-165f3383-7f1e-48f9-9577-d7e679a9faea","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5172be1e-b4e0-4199-b61a-64596c71b664","keyframes":{"transform":["translate3d(0px, 116.69548%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-eff6883a-9308-45af-891f-130a3c408432","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c3c963cd-36c7-4f8e-b0a5-fa4b80cf66bb","keyframes":{"transform":["translate3d(-107.50001%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Garuda Construction and Engineering IPO subscription opened on Tuesday, October 8. The bidding window is scheduled to close on October 10. The tentative listing date for Garuda Construction and Engineering shares is Tuesday, October 15.

Garuda Construction and Engineering financial

[{"selector":"#anim-90c255eb-72dd-4043-8347-b1ecf813f97f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 2.571170135106745e-7%) scale(0.847457627118644)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-4ee8d60c-2bc2-4716-a590-f50be7a1c5ba","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7f2e6dbf-7ab1-4c2c-9af0-47a6c79849b5","keyframes":{"transform":["translate3d(-107.50001%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f17813ac-2252-4fe6-9ab0-653d5f4c0821","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cd80e54b-8bb6-47eb-9091-927bec807af0","keyframes":{"transform":["translate3d(0px, 130.18626%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Garuda Construction and Engineering’s revenue for FY24 decreased over 4% to ₹154.47 crore compared to ₹161.02 crore in FY23. The company’s profit-after-tax fell over 10% to ₹36.44 crore in FY24 against ₹40.8 crore in FY23.

Garuda Construction and Engineering IPO Registrar

[{"selector":"#anim-0b36711d-49f8-4367-8075-c606aafd7481 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 2.571170135106745e-7%) scale(0.847457627118644)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-668ec0be-ee6e-4f5a-b459-f858143eaa52","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-25f5ee17-649f-45a4-bc83-5582d77453a3","keyframes":{"transform":["translate3d(-107.50001%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-79a5451d-f063-4445-810e-1257e67b1575","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b35d3ffa-c45d-4cd6-8174-4cec49105361","keyframes":{"transform":["translate3d(0px, 137.89551%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Corpwis Advisors Private Limited is the book-running lead manager for Garuda Construction and Engineering IPO, and Link Intime India Private Ltd is the registrar for the mainboard issue.

Garuda Construction and Engineering Promoter

[{"selector":"#anim-0c243cbc-c8dd-4a3d-9670-254aacb78a96 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 2.571170135106745e-7%) scale(0.847457627118644)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-1a026a08-230a-42ac-aadb-1de88fc50f79","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c68fd894-0f89-41c6-a10e-fac946d44286","keyframes":{"transform":["translate3d(-107.50001%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6c2f1fa5-5181-474a-b370-6259206670ce","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2cdd0c2c-1fad-4187-98d2-372e3e22fa55","keyframes":{"transform":["translate3d(0px, 130.18626%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Garuda Construction and Engineering promoters include Pravinkumar Brijendra Kumar Agarwal, PKH Ventures Limited and Makindian Township Private Limited. The shareholding of the promoters stood at 96.81% before the issue.

Garuda Construction and Engineering IPO objective

[{"selector":"#anim-a2e84c7f-6575-4d04-bd8c-97e57910733b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.2714889584013505%, -0.06274849539048774%) scale(0.847457627118644)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-300a9d73-17db-4772-8f58-03fd7763deb9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9edb0774-9051-400d-a826-ad3731064f61","keyframes":{"transform":["translate3d(-107.50001%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-95162301-9cdc-4901-b0e1-4e64d6391356","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dcab64d7-fb2d-460e-860f-c80e26076f99","keyframes":{"transform":["translate3d(0px, 154.43583%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The company plans to use the funds raised via the public issue to finance working capital requirements, general corporate purposes, and unidentified inorganic acquisitions.