The Rs IPO of Garuda Construction includes a fresh share sale of 1.83 crore shares and an offer-for-sale (OFS) of up to 95 lakh shares by its promoter PKH Ventures worth Rs 90.25 crore.

The initial public offering (IPO) of Garuda Construction will open for subscription on October 8. The issue closes on October 10. Through the public offer, the company plans to raise nearly Rs 264 crore.

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 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

The company didn't raise money through anchor placement. (Image: Freepik) Garuda Construction and Engineering will launch its IPO on October 08. The company will raise a sum of Rs 264.10 crore from the initial capital market.

Garuda Construction and Engineering is a civil construction company providing end-to-end civil construction for residential, commercial, among other projects. The company will use the net proceeds from the fresh issue towards working capital requirement,

Garuda Construction and Engineering Limited is set to raise Rs 264.10 crores through its IPO, with a subscription window from October 8-10, 2024. The issue includes both fresh shares and an offer for sale.