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15 Days Price Change

Garuda Const. & Eng. IPO

Closing In

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Profile
Issue Size --
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Price Range 92  to  95 per share
Profile
Min Investment ₹95
Profile
Lot Size 1
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Face Value ₹5
Profile
Draft Prospectus --
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Garuda Construction and Engineering Limited is a growing player in the infrastructure and construction industry, specializing in delivering high-quality engineering solutions for both public and private sector projects. The company offers a wide range of services including civil construction, urban infrastructure development, and project management. Known for its innovative approach and commitment to sustainability, Garuda Construction integrates cutting-edge technologies to enhance efficiency and ensure timely project completion. With a team of skilled professionals and a strong focus on safety standards, the company has built a reputation for excellence in large-scale infrastructure projects, such as roads, bridges, and commercial buildings. Its customer-centric approach and dedication to maintaining quality have established it as a trusted partner in the construction and engineering sector. Read More

Basic Info

Face Value 5 per share

Price 92  to  95 per share

P/E (x) 15.8

Sales( Cr.) 226

PAT( Cr.) 50

EPS 6

Draft Prospectus --

Exchange BSE-NSE

Promoter

Company Promoters

Pravinkumar Brijendra Kumar Agarwal PKH Ventures Limited Makindian Township Private Limited

Pre Issue Share Holding 100%

Post Issue Share Holding 72.24%

Listing Details:

Listing Price: 103.2

Listing Gain: 7.95%

Current Price: 174

Gain On Issue: 174 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Oct 08, 2024
Closing Date Oct 10, 2024
Allotment Oct 11, 2024
Refund Oct 14, 2024
Delivery of Shares Oct 14, 2024
Listing Date Oct 15, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 157 14,915
Retail (Max) 13 2041 193,895
S-HNI (Min) 14 2198 208,810
S-HNI (Max) 67 10519 999,305
B-HNI (Min) 68 10676 1,014,220

Objective of the Issue

1. Working Capital Requirements 2. General Corporate Expenses and Unidentified Inorganic Acquisitions

Issue

Category Nos Bid Bid (x)
QIB 13900000 17236000 1.2x
NII 4170000 37655100 9x
Retail 9730000 105181300 10.8x
EMP 0 0 0x
Total 27800000 209890000 7.6x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Garuda Const. & Eng. Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2025 TTM
Net Sales 72 77 161 226
Other Income 3 0 1 2
Total Income 75 77 161 228
Total Expenditure 60 50 105 159
Operating Profit 15 27 56 68
Interest 2 2 0 1
Depreciation 0 0 1 0
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 12 25 55 67
Provision for Tax 3 6 14 17
Profit After Tax 9 19 41 50
Adjustments 0 0 0 -0
Profit After Adjustments 9 19 41 50
Adjusted Earnings Per Share 1.2 2.5 5.5 5.4

Garuda Const. & Eng. Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2025
Shareholder's Funds 23 42 83 332
Minority's Interest 0 0 0 1
Borrowings 0 0 0 0
Other Non-Current Liabilities 31 9 9 -0
Total Current Liabilities 78 60 84 75
Total Liabilities 132 111 176 407
Fixed Assets 1 2 2 2
Other Non-Current Assets 27 27 27 36
Total Current Assets 104 81 147 369
Total Assets 132 111 176 407

Garuda Const. & Eng. Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2025
Opening Cash & Cash Equivalents 0 0 7 1
Cash Flow from Operating Activities 6 13 12 -111
Cash Flow from Investing Activities 12 -1 -2 -50
Cash Flow from Financing Activities -18 -5 -12 162
Net Cash Inflow / Outflow 0 7 -2 2
Closing Cash & Cash Equivalent 0 7 5 2

Garuda Const. & Eng. Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2025
Earnings Per Share (Rs) 1.24 2.51 5.46 5.35
CEPS(Rs) 1.28 2.55 5.53 5.4
DPS(Rs) 0 0 0 0.03
Book NAV/Share(Rs) 3.08 5.59 11.05 35.66
Core EBITDA Margin(%) 16.22 35.26 34.47 29.41
EBIT Margin(%) 20.31 34.87 34.52 30.07
Pre Tax Margin(%) 17.08 32.18 34.28 29.62
PAT Margin (%) 12.89 24.39 25.39 22.07
Cash Profit Margin (%) 13.31 24.79 25.71 22.25
ROA(%) 7.01 15.47 28.48 17.09
ROE(%) 40.32 57.97 65.59 24.03
ROCE(%) 38.46 58.52 81.22 32.72
Receivable days 165.83 148.96 121.7 199.65
Inventory Days 0 12.8 10.57 14.27
Payable days 1241.45 1590.77 1628.32 398.59
PER(x) 0 0 0 19.39
Price/Book(x) 0 0 0 2.91
Dividend Yield(%) 0 0 0 0.02
EV/Net Sales(x) 0.38 0.23 0.04 4.08
EV/Core EBITDA(x) 1.82 0.64 0.11 13.49
Net Sales Growth(%) 0 7.04 108.63 40.44
EBIT Growth(%) 0 83.73 106.54 22.33
PAT Growth(%) 0 102.44 117.2 22.07
EPS Growth(%) 0 102.44 117.2 -1.95
Debt/Equity(x) 0.65 0.29 0 0
Current Ratio(x) 1.33 1.37 1.74 4.94
Quick Ratio(x) 1.33 1.32 1.66 4.79
Interest Cover(x) 6.28 12.95 144.76 66.81
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 40% 46% 0% 0%
Operating Profit CAGR 21% 66% 0% 0%
PAT CAGR 22% 77% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 61% NA% NA% NA%
ROE Average 24% 49% 47% 47%
ROCE Average 33% 57% 53% 53%

Company Contact Information

Garuda Construction & Engineering Ltd.

201, A Wing, Fortune 2000 C -3 Block, Bandra Kurla Complex Bandra (East)

IPO Lead Manager(s)

Garuda Construction & Engineering Ltd.

Corpwis Advisors Pvt Ltd.

Registrar Info

Garuda Construction & Engineering Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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