31 Mar 2022
Assets111.03
Total Income77.03
Profit After Tax18.78
NET Worth41.79
Reserves and Surplus29.34
Total Borrowing11.99
At a glance
Updated 2026-09-13The shares listed at ₹105.00, a 10.53% move from the issue price. Garuda Construction and Engineering is a Mainboard IPO with an issue size of ₹264.10 crore, proposed for listing on BSE, NSE. The offer opens on 8th Oct 2024 and closes on 10th Oct 2024. The issue structure includes a fresh issue of ₹173.85 crore and an offer-for-sale component of ₹90.25 crore. The current listing schedule points to 15th Oct 2024.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹264.10 Cr
Fresh issue₹173.85 Cr
Offer for sale₹90.25 Cr
Face value₹5
Price band₹90.00–₹95.00
Allotment11th Oct 2024
Listing15th Oct 2024
Listing performance
Full performance ↗Issue price₹95.00
Listing price₹105.00
Current price—
Listing gain10.53%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹0.00
GMP / upper price0.00%
Est. listing₹95.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens8th Oct 2024
Closes10th Oct 2024
Allotment11th Oct 2024
Refund14th Oct 2024
Demat14th Oct 2024
Listing15th Oct 2024
Subscription demand
Full bidding ↗Total7.55×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 157 | ₹14,915 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Working Capital Requirement | ₹100.00 Cr |
| General Corporate Purposes including unidentified inorganic acquisitions | ₹59.67 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue11.88₹ Cr · -92.3% vs prior year
PAT3.50₹ Cr · -90.4% vs prior year
Assets234.84₹ Cr · +2.8% vs prior year
Net Worth122.51₹ Cr · +2.9% vs prior year
Borrowing0.15₹ Cr · +0.0% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2023
Assets176.35
Total Income161.02
Profit After Tax40.80
NET Worth82.61
Reserves and Surplus70.13
Total Borrowing0.19
31 Mar 2024
Assets228.49
Total Income154.47
Profit After Tax36.44
NET Worth119.01
Reserves and Surplus81.65
Total Borrowing0.15
30 Apr 2024
Assets234.84
Total Income11.88
Profit After Tax3.50
NET Worth122.51
Reserves and Surplus85.16
Total Borrowing0.15
KPIs
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 36.14% |
| ROCE | 46.69% |
| RoNW | 30.62% |
| PAT Margin | 23.63% |
| Price to Book Value | 5.97 |
Valuation & shareholding
Pre-IPO EPS4.87
Post-IPO EPS4.52
Pre-IPO P/E19.49
Post-IPO P/E21.03
Promoter holding pre96.82%
Promoter holding post67.56%
Market cap₹883.90 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Garuda Construction and Engineering IPO | — | 21.03 x | — | — |
| Cube Highways IPO | — | - | — | — |
| Bagmane Prime IPO | — | - | — | — |
| Property Share IPO | — | - | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Fees payable to the BRLMs (including underwriting commission, brokerage and selling commission, as applicable) | ₹1.77 Cr |
| Fee Payable to the Underwriter to the Issue (including Syndicate Member Fee) | ₹14.02 Cr |
| Fees payable to the Registrar to the Issue | ₹0.01 Cr |
| Fees payable to the legal advisors to the Issue | ₹0.30 Cr |
| Advertising and marketing expenses | ₹0.99 Cr |
| Listing fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees and other regulatory expenses | ₹1.31 Cr |
| Printing and stationery | ₹0.06 Cr |
| Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Issue. Brokerage and selling commission and bidding charges or Members of the Syndicate, Registered Brokers, RTAs and CDPs | ₹2.00 Cr |
| Others: Fee payable to professionals and experts for confirmations and certifications in relation to the issue | ₹0.97 Cr |
| Others: Miscellaneous | ₹0.10 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- Corpwis Advisors Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-13.
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