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Garuda Construction & Engineering get SEBI's approval to float IPO

28 Aug 2024 Evaluate

Garuda Construction & Engineering has received the Securities and Exchange Board of India’s (SEBI's) approval to float an initial public offering (IPO). The company’s proposed IPO is a combination of a fresh issue of 1.83 crore equity shares and an offer for sale of 95 lakh equity shares by promoter PKH Ventures. 

Proceeds from the fresh issue will be used to support the working capital requirement and general corporate purposes, including unidentified inorganic acquisitions. Corpwis Advisors is the sole book-running lead manager to the maiden public issue. The equity shares are proposed to be listed on BSE and NSE.

Garuda Construction and Engineering is involved in several projects for residential, commercial, residential-cum-commercial, hospitality, infrastructure and industrial projects.


Garuda Const. & Eng. Share Price

177.75 0.55 (0.31%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 871.70
Dilip Buildcon 457.55
DLF 601.80
Oberoi Realty 1710.00
Ahluwalia Contract(I 832.90
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