Garuda Construction and Engineering Limited
Oct 8, 2024 - Oct 10, 2024
Garuda Construction and Engineering Limited IPO Details
Status
listed
Issue Price
₹92.00 - ₹95.00
Lot Size
157 Shares
Subscription
7.55 times
Listing Price
₹105 (10.53%)
Face Value
₹5 Per share
Issue Size
Approx ₹264.1 Cr
Fresh Issue
Approx ₹173.85 Cr
Total Shares Offered
Approx ₹90.25 Cr
Retail Quota
35%
QIB Quota
50%
HNI Quota
15%
Retail Approx
-
S-HNI Approx
-
B-HNI Approx
-
Issue Type
Book Built Issue IPO
Listing On
BSE, NSE
Registrar
Link Intime India Private Ltd
NSE Code
GARUDA
BSE Code
544271
IPO Tentative Timetable
Valuation
Earning Per Share (EPS)
₹4.87
Price/Earning P/E Ratio
-
Return on Net Worth (RoNW)
30.62%
Net Asset Value (NAV)
₹15.92
Promoters
Pre issue Share Holding
96.81%
Post issue Share Holding
-
Company Promoters
- Pravinkumar Brijendra Kumar Agarwal
- PKH Ventures Limited
- Makindian Township Private Limited
Lead Managers
Corpwis Advisors Private Limited
Live Subscription
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Oct 8, 2024 | 0.02 | 1.11 | 3.52 | 1.96 |
| Oct 9, 2024 | 0.91 | 2.59 | 6.76 | 4.12 |
| Oct 10, 2024 | 1.24 | 9.03 | 10.81 | 7.55 |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 157 | ₹14,915 |
| Retail (Max) | 13 | 2041 | ₹193,895 |
| S-HNI (Min) | 14 | 2,198 | ₹208,810 |
| S-HNI (Max) | 67 | 10,519 | ₹999,305 |
| B-HNI (Min) | 68 | 10,676 | ₹1,014,220 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 36.14% |
| ROCE | 46.69% |
| RoNW | 30.62% |
| P/BV | 5.97 |
| PAT Margin (%) | 23.63 |
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 78,95,138 (28.4%) | NA |
| QIB Shares Offered | 60,04,862 (21.6%) | NA |
| NII (HNI) Shares Offered | 41,70,000 (15%) | - |
| bNII > ₹10L | 27,80,000 (10%) | 1,264 |
| sNII < ₹10L | 13,90,000 (5%) | 632 |
| Retail Shares Offered | 97,30,000 (35%) | 61,974 |
| Total Shares Offered | 2,78,00,000 (100%) | - |
Company Financial
| Period Ended | 30 Apr 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 234.84 | 228.49 | 176.35 | 111.03 |
| Revenue | 11.88 | 154.47 | 161.02 | 77.03 |
| Profit After Tax | 3.5 | 36.44 | 40.8 | 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 |
About Company
Strengths:
- Exclusive and focused business strategy: Garuda primarily concentrates on residential and commercial building construction and is now expanding into industrial and infrastructure projects.
- Proven track record: The company has a successful history of various construction projects, such as the Golden Chariot Vasai Hotel & Spa and Golden Chariot Boutique Hotel in 2015. Since 2017, they have completed two residential projects in the MMR region. From 2010 to 2017, Garuda focused on civil engineering across MMR, Karnataka, and Tamil Nadu.
- Strong project management and execution capabilities.
- Robust financial performance: For the period ending April 30, 2024, Garuda recorded revenue from operations of Rs. 1,187.50 lakhs, Rs. 15,417.83 lakhs in FY 2024, and Rs. 16,068.76 lakhs in FY 2023.
- Visible growth with a growing order book: As of September 28, 2024, the company’s ongoing and pending projects totaled Rs. 1,40,827.44 lakhs. With projects across MMR, Arunachal Pradesh, Karnataka, Rajasthan, and Punjab, the company’s growing number of contracts has helped maintain its growth and strengthen its reputation.
- Experienced leadership and management team.
As of September 28, 2024, Garuda employed 65 permanent staff.
Company Contact
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
Registrar Contact
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