2 weeks Ago
Garuda Construction and Engineering IPO price band: The Garuda Construction and Engineering Limited IPO price band has been fixed in the range of ₹ 92 to ₹ 95 per equity share of the face value of ₹ 5. The Garuda Construction IPO date of subscription is scheduled for Tuesday, October 8 and will close on Thursday, October 10. The allocation to anchor investors for the Garuda Construction IPO is scheduled to take place on Monday, October 7.
The floor price is 18.40 times the face value of the equity shares and the cap price is 19 times the face value of the equity shares. The price-to-earnings ratio based on diluted EPS for the fiscal 2024 for the company at the upper end of the price band is as high as 19.
51 times and at the lower end of the price band is 18.89 times as compared to the average industry peer group P/E ratio of 27.58 times.
The Garuda Construction and Engineering IPO lot size is 157 equity shares and in multiples of 157 equity shares thereafter. Garuda Construction and Engineering IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors. Tentatively, Garuda Construction and Engineering IPO basis of allotment of shares will be finalised on Friday, October 11, and the company will initiate refunds on Monday, October 14, while the shares will be credited to the demat account of allottees on the same day following refund.
Garuda Construction share price is likely to be listed on BSE and NSE on Tuesday, October 15. (more to come).
