Garuda Construction and Engineering's initial public offering (IPO) is a book-built issue aiming to raise Rs 264.10 crore. The IPO consists of a fresh issue of 1.83 crore shares, amounting to Rs 173.85 crore, and an offer for sale of 0.95 crore shares, worth Rs 90.25 crore.
Garuda Construction and Engineering IPO Subscription Window
The bidding for the Garuda Construction and Engineering IPO opened on October 8, 2024, and closed on October 10, 2024.
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Garuda Construction and Engineering IPO Allotment Date
The allotment of Garuda Construction and Engineering IPO shares were finalised on Friday, October 11, 2024.
Garuda Construction and Engineering IPO Listing Date
Garuda Construction and Engineering IPO shares are expected to list on the BSE and NSE on Tuesday, October 15, 2024.
Garuda Construction and Engineering IPO Price Band
The price band for the IPO has been set between Rs 90 and Rs 95 per share. Retail investors are required to apply for a minimum of 157 shares, which amounts to a total investment of Rs 14,915. For small non-institutional investors (sNII), the minimum investment is 14 lots (2,198 shares), totaling Rs 208,810. For large non-institutional investors (bNII), the minimum investment is 68 lots (10,676 shares), equating to Rs 1,014,220.
Garuda Construction and Engineering IPO GMP
As per multiple websites that track the grey market premium activities, the shares of Garuda Construction and Engineering IPO are commanding flat GMP in the unlisted market.
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Corpwis Advisors Private Limited is serving as the book-running lead manager for the issue, while Link Intime India Private Ltd is the official registrar. The IPO aims to capitalize on market opportunities and fund the company's growth initiatives.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money related decisions.)