The Rs 264.10 crore IPO of Garuda Construction includes a fresh share sale of 1.83 crore shares worth Rs 173.85 crore and an OFS of up to 95 lakh shares by its promoter PKH Ventures.

Garuda Construction & Engineering Ltd (GCEL), a civil construction company engaged in residential, commercial, infrastructure and industrial projects, is launching an IPO (Initial Public Offer) today. The IPO is both an offer for sale by promoters (worth Rs 90 crore) and a fresh issue to raise Rs 174 crore.

Garuda Construction and Engineering IPO opens today, priced at ₹92-95 per share. The firm raised ₹75 crores from anchor investors and boasts significant revenue growth. The IPO targets diverse investors,

Garuda Construction and Engineering Limited is all set to raise money through an initial public offering. Here’s everything you need to know about the IPO and the company.

Garuda Construction and Engineering Ltd on Monday said it has raised Rs 75 crore from anchor investors, a day before its initial share-sale opening for public subscription.

Garuda Construction IPO opens at ₹92-95/share, with proceeds for projects and inorganic acquisitions, attracting anchor investors.

Garuda Construction and Engineering plans to open its initial public offering for subscription on Tuesday, aiming to sell shares valued at an aggregate of Rs 264.1 crore. The IPO consists of a fresh issue of Rs 173.85 crore and the rest as part of an offer for sale.

Garuda Construction and Engineering IPO opens for subscription on October 8, with a price band of ₹92 to ₹95. The firm aims to enhance its capacity in civil construction, targeting larger contracts and a broader client base.

The company has finalised allocation of 78,95,138 equity shares to seven anchor investors at a price of Rs 95 per share.

The public issue comprises a fresh issue of 18,300,000 shares and an offer for sale of 9,500,000 shares with a face value of Rs 5 each