Garuda Construction & Engineering Ltd. IPO

The Garuda Construction and Engineering IPO is a book-built issue aimed at raising Rs 264.10 crores. This consists of a fresh issue of Rs 173.85 crores, and an offer for sale (OFS) of Rs 90.25 crores. The IPO will be open for subscription from October 8, 2024, to October 10, 2024, with the allotment expected to be finalized by October 11, 2024. The shares are expected to list on the BSE and NSE on October 15, 2024. The Garuda Construction and Engineering IPO price band is set between Rs 92 to Rs 95 per share. Retail investors can apply with a minimum lot size of 157 shares, requiring a minimum investment of Rs 14,915.

RHP
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DRHP
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Open Date

2024-10-08

Close Date

2024-10-10

IPO Details

Check out the issue details for Garuda Construction & Engineering Ltd. IPO as disclosed in SEBI.

Price Band

₹ 92 - 95

Issue Size

264.1 Cr.

Issue Type

Book Built

Open

2024-10-08

Close

2024-10-10

Listing Date

2024-10-15

Company Financials

You can get the following financial statements of Garuda Construction & Engineering Ltd. as of now.

Subscription Details

The details about the Garuda Construction and Engineering IPO are as:

  • The issue size of the IPO is 264.10 Cr.
  • The price band for Garuda Construction and Engineering IPO is Rs 92 to Rs 95.
  • The shares of Garuda Construction and Engineering IPO will list on 15th October 2024.
  • The latest tentative GMP of Garuda Construction and Engineering IPO is Rs 10.
  • The shares of Garuda Construction and Engineering IPO are subscribed 7.55 Times as of 10th October 2024. 

 

Garuda Construction and Engineering IPO Valuation

The approx valuation of Garuda Construction and Engineering IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 95
Existing Shares (Qty) 7.47 Cr
Fresh Issue 173.85 Cr
Market Cap 883.5 Cr
EPS (FY24) Rs 4.87
PE Ratio 19.50x
Industry PE 27.58x

 

Garuda Construction and Engineering IPO Issue Size

Garuda Construction and Engineering IPO issue size is 264.10 Cr.

Issue Amount
Fresh Issue 173.85 Cr
Offer For Sale 90.25 Cr

 

Garuda Construction and Engineering IPO Market Lot

An Individual can apply for a minimum 1 lot of 157 shares and a maximum of 13 lots of 2041 shares. Find the details below:

Application Lot Shares Amount
Minimum 1 157 Rs 14,915
Maximum 13 2041 Rs 1,93,895

 

Garuda Construction and Engineering IPO share offer

The shares of Garuda Construction and Engineering IPO are subscribed 7.55 Times as of 10th October 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscribed
Qualified Institutional Maximum 50% 1.24 Times
Non-Institutional Minimum 15% 9.03 Times
Retail Individual Minimum 35% 10.81 Times
Total   7.55 Times

Allotment Details

Find below the dates for Garuda Construction and Engineering IPO:

Schedule Date
Basis of Allotment 11 October 2024
Refunds 14 October 2024
Credit to Demat Account 14 October 2024
IPO Listing Date 15 October 2024

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 71.96 77.02 160.69 154.18
Total Expenditure 60.29 49.86 105.29 104.75
Operating Profit 11.67 27.16 55.4 49.43
Other Income 3.25 0.01 0.6 0.29
Interest 2.33 2.07 0.38 0.02
Depreciation 0.3 0.31 0.52 0.04
Exceptional Items 0 0 0 0
Profit Before Tax 12.29 24.78 55.09 49.65
Provision for Tax 3.01 6 14.29 13.21
Net Profit 9.28 18.78 40.8 36.44
Adjusted EPS (Rs.) 0.12 0.25 0.55 0.49

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 12.46 12.46 12.46 37.37
Total Reserves 10.55 29.33 70.15 81.64
Borrowings 0 0 0.15 0.11
Other N/C liabilities 31.14 9.06 9.07 -0.33
Current liabilities 78.19 59.7 84.07 109.29
Total Liabilities 132.34 110.55 175.91 228.08
Assets
Net Block 1.31 2.15 1.93 1.65
Capital WIP 2.21 2.21 2.21 2.21
Intangible WIP 0 0 0 0
Investments 0 0 0 0
Loans & Advances 24.71 24.7 25.24 22.85
Other N/C Assets 0 0 0 0
Current Assets 104.12 81.49 146.53 201.37
Total Assets 132.34 110.55 175.91 228.08
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 12.29 24.78 55.09 49.65
Adjustment -0.62 2.38 0.57 0.15
Changes in Assets & Liabilities -4.91 -10.36 -37.32 -42.32
Tax Paid -0.56 -3.89 -6.08 -14.29
Operating Cash Flow 6.19 12.92 12.26 -6.81
Investing Cash Flow 12.17 -1.21 -2.11 2.54
Financing Cash Flow -18.24 -5.08 -12.18 -0.07
Net Cash Flow 0.12 6.63 -2.04 -4.34
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