Garuda Construction
Garuda Construction and Engineering is an emerging civil construction company, providing a wide range of services across residential, commercial, mixed-use (residential-cum-commercial), infrastructure, and industrial projects. The company also specializes in infrastructure and hospitality developments. Additionally, it offers services like operations and maintenance (O&M), Mechanical, Electrical, and Plumbing (MEP) solutions, as well as finishing works for its construction projects.
As of May 2024, Garuda Construction’s order book stands at INR 1,408.27 crore, comprising 12 active projects. Among these, 7 projects have individual contract values exceeding INR 100 crore. These projects are spread across various regions, including MMR, Punjab, Karnataka, New Delhi, Tamil Nadu, Rajasthan, and Arunachal Pradesh, making it difficult and inefficient to transport heavy machinery and equipment between sites for seamless project execution.
Garuda Construction IPO Details
| Signature Global IPO Details | ||
|---|---|---|
|
Garuda Construction IPO Dates |
8 – 10 October 2024 |
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|
Garuda Construction Issue Price |
INR 92 – 95 per share |
|
|
Fresh issue |
1,83,00,000 shares (INR 168.36 – 173.85 crore) |
|
|
Offer For Sale |
95,00,000 shares (INR 87.40 – 90.25 crore) |
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|
Total IPO Size |
2,78,00,000 shares (INR 255.76 – 264.10 crore) |
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Minimum bid (size) |
157 shares (INR 14,915) |
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|
Face Value |
INR 5 per share |
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|
Retail Allocation |
35% |
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Listing On |
NSE, BSE |
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Garuda Construction Financial Performance
| Signature Global Financial Performance | ||||
|---|---|---|---|---|
|
|
FY22 |
FY23 |
FY24 |
1M FY2025 |
|
Revenue |
77.02 |
160.69 |
154.18 |
11.88 |
|
Expenses |
52.24 |
105.94 |
104.82 |
7.20 |
|
Net income |
18.78 |
40.80 |
36.44 |
3.50 |
|
Margin (%) |
24.38 |
25.39 |
23.63 |
29.46 |
Figures in INR Crore unless specified otherwise