Garuda Construction and Engineering Limited IPO
Overview Founded in 2010, Garuda Construction and Engineering Limited is a leading construction company specializing in a wide range of projects. The company offers comprehensive construction services for residential, commercial, mixed-use residential/commercial developments, industrial, and infrastructure projects. In addition, it provides operation and maintenance (O&M), mechanical, electrical, and plumbing (MEP) services, and finishing works to complement its core construction services.
Business Focus Garuda Construction maintains a specialized focus on residential and commercial building construction, with recent expansions into industrial and infrastructure projects. This exclusive and targeted approach allows the company to excel in its core sectors while gradually exploring new opportunities in the industrial and infrastructure segments.
Track Record of Success The company boasts a well-established track record, having successfully completed notable projects such as the Golden Chariot Vasai Hotel & Spa and Golden Chariot Boutique Hotel in 2015. Since 2017, Garuda Construction has focused on residential developments within the Mumbai Metropolitan Region (MMR), completing two projects to date. Between 2010 and 2017, the company also undertook civil engineering projects across MMR, Karnataka, and Tamil Nadu.
Project Management & Execution Garuda Construction is renowned for its strong project management and execution capabilities, ensuring that its projects are delivered on time and meet high standards of quality. Objects of the Issue
Working Capital Requirements
General Corporate Expenses
Unidentified Inorganic Acquisitions
Garuda Construction IPO: Key Details
IPO Dates: 8 to 10 October, 2024
Price Band: ₹92 to ₹95 per share
Lot Size: 157 shares
Total Issue Size: ₹264.10 Crores
Retail Quota: 35%
Listing Date:15th Oct 2024
GMP: Nil (for informational purposes only)
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