Garuda Construction IPO

Garuda – Flying at High Risk..!

A civil engineering company located in Mumbai engaged in construction of concrete structures for residential as well as commercial projects since September 2010.  The IPO size is Rs.264.10 crores which comprises of a fresh issue of ₹173.85 crores and offer for sale up to Rs.90.25 crores containing 95,00,000 equity shares with a face value of ₹5 each.  The purpose of the issue is to meet the working capital requirements and for some undisclosed acquisitions.  As per reports available the company is consistently in profit for the last three years with an EBITDA Margin of 32.49%.  The highest revenue among those three years is Rs.161.02 Crores (in 2023).

IPO Opening date                          :             October 8, 2024

IPO Closing on                                :             October 10, 2024

Allotment date                               :             October 11, 2024

Refund date                                    :             October 14, 2024

Listing date                                     :             October 15, 2024

GMP                                                 :             NOT AVAILABLE

AmbooLi.com impression on the issue:  Highly risk averse investors may choose to subscribe the issue in consultation with their financial adviser. 

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