Garuda Construction and Engineering Limited is a well-established Indian company, specializing in the construction and infrastructure sectors. Founded in 2010, the company is involved in a wide array of services, particularly in Engineering, Procurement, and Construction (EPC). Its expertise spans across multiple domains, including residential, commercial, industrial, and infrastructure projects. Garuda has successfully completed landmark projects like the New Delhi Police Headquarters and high-end luxury developments like the Golden Chariot Vasai Hotel & Spa.
The company’s operations cover several regions in India, such as the Mumbai Metropolitan Region (MMR), Karnataka, Tamil Nadu, and further north into states like Arunachal Pradesh and Punjab. They also offer specialized services such as mechanical, electrical, and plumbing (MEP) works and operation and maintenance (O&M) services for various types of projects.
Key Strengths:
- Project Management: Garuda is known for its efficient project management and timely execution of construction projects.
- Diversified Portfolio: Their projects range from residential buildings to commercial and industrial ventures, giving them a balanced presence across different sectors.
- Experienced promoter, directors, and management team
Garuda Construction and Engineering Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 08 Oct 2024 |
| IPO Close Date | 10 Oct 2024 |
| Allotment Date | 11 Oct 2024 |
| IPO Listing Date | 15 Oct 2024 |
Garuda Construction and Engineering Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 5 Per Equity Share |
| IPO Price | Rs. 92 to Rs. 95 Per Equity Share |
| Market Lot | 157 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 264 Crore. |
Garuda Construction and Engineering Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 157 | Rs. 14915 |
| Maximum | 13 | 2041 | Rs. 193895 |
| Small HNI (Minimum) | 14 | 2198 | Rs. 208810 |
| Big HNI (Minimum) | 68 | 10676 | Rs. 1014220 |
Garuda Construction and Engineering Limited IPO Allotment Status
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Click Here To Get ASBA Forms Garuda Construction and Engineering Limited IPO
Company Financials:
| Particular | 31 March 2024 | 31 March 2023 | 31 March 2022 |
| Total Assets | 228.49 | 176.35 | 111.03 |
| Total Revenue | 154.47 | 161.02 | 77.03 |
| Profit After Tax | 36.44 | 40.80 | 18.78 |
Company Promoters:
Pravinkumar Brijendra Kumar Agarwal, PKH Ventures Limited and Makindian Township Private Limited are the company’s promoters of Garuda Construction & Engineering Limited.
Objects of this Issue:
- Working Capital Requirements
- General Corporate Expenses and Unidentified Inorganic Acquisitions
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| 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 | 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 |
