Garuda Construction and Engineering Limited IPO
Garuda Construction and Engineering Limited was a mainboard IPO in the Residential Commercial Projects sector, offered at ₹90–₹95 per share to raise ₹264 crore. The issue was subscribed 7.55× overall (QIBs 1.24×, NIIs 9.03×, retail 10.81×). It listed on 15 Oct 2024 at ₹105 and closed its first day at ₹106, a listing gain of +12.0% versus the ₹95 issue price. It now trades around ₹136 (+43.0% versus the issue price).
Frequently asked questions
- How many times was the Garuda Construction and Engineering Limited IPO subscribed?
- The Garuda Construction and Engineering Limited IPO was subscribed 7.55× overall — 1.24× in the QIB category, 9.03× among non-institutional investors, 10.81× in retail.
- What were the Garuda Construction and Engineering Limited IPO listing gains?
- Garuda Construction and Engineering Limited listed on 15 Oct 2024 at ₹105, closing its first day at ₹106 — a listing gain of +12.0% versus the ₹95 issue price.
- What were the retail allotment odds for the Garuda Construction and Engineering Limited IPO?
- Retail was subscribed 10.81×, so a single-lot application had roughly a 9.3% chance of allotment (about 1 in 11), and allotment was finalised on 11 Oct 2024.
- What was the price band and lot size of the Garuda Construction and Engineering Limited IPO?
- The price band was ₹90–₹95 per share, with a minimum lot of 157 shares (₹14,915 at the upper band).
- Who were the registrar and lead manager for the Garuda Construction and Engineering Limited IPO?
- Link Intime India Private Limited was the registrar, and Corpwis Advisors was the book-running lead manager.