Garuda Construction and Engineering IPO Details, Financials, Valuation & Peers
Explore Garuda Construction and Engineering IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Garuda Construction and Engineering Limited is a fast-growing civil construction company specializing in delivering end-to-end services for residential, commercial, industrial, and infrastructure projects. Established in 2010, the company offers comprehensive construction solutions, including design, procurement, resource mobilization, construction management, and project handover. In addition to civil construction, the company provides mechanical, electrical, and plumbing (MEP) services, as well as operations and maintenance (O&M) services. Historically, the company has focused on in-house construction for its promoter group but has expanded its operations to secure contracts from third-party developers. Garuda has completed notable projects such as the Delhi Police Headquarters and is currently managing several ongoing residential, commercial, and industrial projects. With a substantial order book and future plans to take on developer roles, Garuda aims to further expand its operations.
Key Points:
- Service Offering: Garuda provides end-to-end civil construction services, from surveying to project handover, including additional services such as MEP and O&M.
- Significant Projects: Noteworthy projects include the construction of the Golden Chariot Vasai Hotel & Spa and the Delhi Police Headquarters, which features twin towers connected by a steel bridge.
- Order Book: The company’s order book is valued at ₹1,408.27 crore, reflecting a healthy pipeline of 12 ongoing projects, with seven projects valued at over ₹100 crore each.
- Client Base: Historically focused on its promoter group, Garuda is now securing third-party contracts and is aiming to take on larger developer roles in the near future.
- Asset-light Model: The company operates an asset-light model, primarily working through contracts and subcontracts, ensuring efficient capital utilization.
- Future Vision: Garuda plans to enhance its developer role and secure larger contracts outside its promoter group while maintaining its focus on civil construction projects.
Objects of the Issue
- Working Capital Requirements
- General Corporate Expenses
- unidentified inorganic acquisitions
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 08 Oct - 10 Oct 2024 |
| IPO Price Band | ₹92 - ₹95 per share |
| Fresh Issue | 1,83,00,000 shares (₹173.85 crore) |
| Offer For Sale | 95,00,000 shares (₹90.25 crore) |
| Total IPO Size | ₹264.10 crore |
| Face Value | ₹5 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 08 Oct 2024 |
| IPO Closing Date | 10 Oct 2024 |
| Basis Of Allotment | 11 Oct 2024 |
| Refunds | 14 Oct 2024 |
| Demat Transfer | 14 Oct 2024 |
| IPO Listing Date | 15 Oct 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Apr 2024 |
|---|---|---|---|---|
| Total Income | 77.03 | 161.02 | 154.47 | 11.88 |
| Total Expenses | 52.24 | 105.94 | 104.82 | 7.20 |
| Net Profit/Loss | 18.78 | 40.80 | 36.44 | 3.50 |
| NPM (*) | 24.39 | 25.39 | 23.63 | 29.49 |
| Total Assets | 111.03 | 176.35 | 228.49 | 234.84 |
| Total Liabilities | 69.24 | 93.74 | 109.48 | 112.33 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Apr 2024 |
|---|---|---|---|---|
| EPS | 2.51 | 5.46 | 4.87 | 0.47 |
| ROE (%) | 57.97 | 65.59 | 36.14 | 2.90 |
| ROCE (%) | 40.46 | 70.85 | 46.69 | 3.87 |
| D/E Ratio | 0.29 | 0.00 | 0.00 | 0.00 |
| Current Ratio | 1.36 | 1.74 | 1.84 | 1.85 |
| EBITDA MARGIN (%) | 35.27 | 34.85 | 32.49 | 39.65 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Garuda Construction & Engineering Ltd | 154.18 | 19.51 | 4.87 | 36.14 | 15.92 |
| PSP Projects Limited | 2,505.79 | 20.00 | 34.16 | 17.73 | 254.13 |
| Capacite Infraprojects Limited | 1,931.64 | 23.61 | 16.09 | 9.35 | 223.44 |
| Vascon Engineers Limited | 1,052.86 | 22.66 | 3.05 | 11.32 | 44.33 |
| Vascon Engineers Limited | 3,855.30 | 22.97 | 55.95 | 17.14 | 238.84 |
| B L Kashyap & Sons Limited | 1,244.53 | 48.67 | 2.33 | 13.38 | 22.02 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 1.24 |
| Non-Institutional Investor (NII/HNI) | 9.03 |
| Retail Individual Investor (RII) | 10.81 |
| Total | 7.55 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- PRAVINKUMAR BRIJENDRA KUMAR AGARWAL
- PKH VENTURES LIMITED
- MAKINDIAN TOWNSHIP PRIVATE LIMITED
Lead Managers
- Corpwis Advisors Private Limited
Company Address
Garuda Construction and Engineering Limited
201, A Wing, Fortune 2000 C -3 Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051, Maharashtra
Phone: +91 22 79635174
Email: compliance@garudaconstructionengineering.com
Website: www.garudaconstructionengineering.com
FAQs
- What is the issue size of the Garuda Construction and Engineering IPO?The Garuda Construction and Engineering IPO has an issue size of ₹264.10 crore. This includes a fresh issue of 1,83,00,000 shares (₹173.85 crore) and an offer for sale (OFS) of 95,00,000 shares (₹90.25 crore).
- What is the price band of the Garuda Construction and Engineering IPO?The price band for the Garuda Construction and Engineering IPO is ₹92 - ₹95 per share.
- What are the bidding dates for the Garuda Construction and Engineering IPO?The Garuda Construction and Engineering IPO will open for bidding on 08 Oct 2024 and close on 10 Oct 2024.
- What is the allotment date for the Garuda Construction and Engineering IPO?The allotment date for the Garuda Construction and Engineering IPO is 11 Oct 2024.
- What is the listing date for the Garuda Construction and Engineering IPO?The listing date for the Garuda Construction and Engineering IPO is 15 Oct 2024.
- What is the Garuda Construction and Engineering IPO grey market premium?The grey market premium (GMP) for the Garuda Construction and Engineering IPO is currently at ₹0, with an expected listing gain of approximately 0%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.