Garuda Construction IPO will open on 08 October 2024 and end on 10 October 2024. The price range for Garuda Construction IPO is ₹90-₹95 per share, with a lot size of 157 shares. The minimum bid price is ₹90, requiring a minimum investment of ₹14,130 for one lot, while the maximum bid price is ₹95, with a maximum investment of ₹14,915 for one lot.
Garuda Construction IPO issue size is ₹264.10 crore. Regular retail investors can invest up to ₹2,00,000, and high-net-worth individuals (HNIs) can invest up to ₹5,00,000 in Garuda Construction Limited IPO. The allotment date is October 11, 2024, and the listing date is expected to be October 15, 2024.
Garuda Construction IPO Price Range
The price range for Garuda Construction Limited IPO is ₹90-₹95 per equity share.
Garuda Construction IPO GMP
As of October 08, 2024, the grey market premium (GMP) for Garuda Construction IPO is ₹20-₹22. The GMP may fluctuate based on market conditions.
Garuda Construction IPO Issue Size
The total issue size for Garuda Construction Limited IPO is ₹264.10 crore.
Garuda Construction IPO Allotment and Listing Date
The allotment of Garuda Construction Limited shares is scheduled for 11 October 2024. The shares are expected to be listed on NSE and BSE on 15 October 2024.
Garuda Construction IPO Expected Return on Listing Day
The expected return on Garuda Construction Limited IPO listing day is around 24%, with a predicted share price of ₹112-₹114.
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Garuda Construction Limited Financials
- Revenue: In 2024, Garuda Construction Limited’s revenue stood at ₹154 crore, compared to ₹161 crore in 2023. In 2022, the company reported a revenue of ₹77.02 crore.
- Profit: In 2024, the company earned a profit of ₹36.43 crore, ₹40.79 crore in 2023. The company had a net Profit of ₹18.78 crore in 2022.
- Assets: The total assets of Garuda Construction Limited were ₹228 crore in 2024, compared to ₹176 crore in 2023 and ₹111 crore in 2022.
About Garuda Construction Limited
Garuda Construction Limited, established in 2010, is a leading infrastructure development company in India. The company specializes in building residential complexes, commercial properties, and industrial facilities. Over the past three years, Garuda Construction has grown rapidly, with major projects in urban and semi-urban areas. The company’s growth has been driven by its focus on high-quality construction and timely delivery of projects. Mr. Praveen Kumar Brijendra is the Managing Director of Garuda Construction Limited.
FAQ’S
What is the Price Band of Garuda Construction IPO?
The price Band for Garuda Construction Limited IPO is ₹90-₹95.
What is the Issue Size of Garuda Construction IPO?
The total issue size for Garuda Construction Limited IPO is ₹264.10 crore.
What is the Listing date of Garuda Construction IPO?
The shares are expected to be listed on NSE and BSE on 15 October 2024.
Who Is the MD of Garuda Construction IPO?
Mr. Praveen Kumar Brijendra is the Managing Director of Garuda Construction Limited.
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