Garuda Construction
MAINBOARD
Listed
Price Band
₹90 - ₹95
Lot Size
157 Shares
Issue Size
₹264.10 Cr
Fresh Issue
₹173.85 Cr
OFS
₹90.25 Cr
Registrar
Link Intime India Private Limited
AI Sentiment Score
Listing Price
₹105.00
vs Issue: ₹95 (+10.53%)
📅 IPO Timeline
✓
Open
Oct 8, 2024
✓
Close
Oct 10, 2024
✓
Allotment
Oct 11, 2024
✓
Refund
Oct 14, 2024
✓
Demat
Oct 14, 2024
✓
Listing
Oct 15, 2024
📈 Grey Market Premium (GMP) Trendline
Daily consensus GMP movement (₹) recorded across market sources
✨ AI Analysis & Prediction
🔒 Final Reconciled Estimate
Locked post-listing with actual debut performance
Garuda Construction displays an established operational footprint with expanding revenue streams (135.0% CAGR) and a defensible value proposition.
💪 Strengths
- Demonstrated operational revenue trajectory with resilient top-line growth (135.0% CAGR).
- Established customer relationships and market position across target industry sectors.
- Sound operational capital returns with Return on Capital Employed (ROCE) at 41.8%.
⚠️ Weaknesses
- Exposure to input cost fluctuations and broader macroeconomic supply chain cycles.
- Working capital requirements to support continuous capacity expansion.
- Competitive landscape from both established incumbents and specialized regional players.
🚀 Opportunities
- Industry tailwinds from rising domestic capex and infrastructure spending.
- Operating leverage potential allowing margin expansion as manufacturing utilization rises.
- Geographic diversification and entry into higher-margin specialized product lines.
🛡️ Threats
- Sectoral regulatory shifts and evolving statutory compliance requirements.
- Aggressive pricing actions by domestic competitors impacting gross margins.
- Broader market equity volatility and liquidity fluctuations.
📊 Financial Overview & Growth Trajectory
Multi-year operational scale & net profitability trajectory
| Metric | FY25 | FY26 |
|---|---|---|
| Revenue (₹ Cr) | Rs 226.00 Cr | Rs 531.00 Cr |
| Net Profit / PAT (₹ Cr) | Rs 50.00 Cr | Rs 122.00 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs 67.00 Cr | Rs 164.00 Cr |
| Borrowings (₹ Cr) | Rs 0.00 Cr | Rs 12.00 Cr |
| Total Assets (₹ Cr) | Rs 407.00 Cr | Rs 644.00 Cr |
| ROE % | 0.00% | 0.00% |
| ROCE % | 41.80% | 41.80% |
| Debt / Equity | 0.00 | 0.00 |
Company P/E
11.8x
Industry P/E
13.6x
Debt/Equity
0.03
⚖️ Valuation Benchmark Range
🟢 Attractively Priced vs Industry Peers
Industry 13.6x
IPO 11.8x
0x (Deep Value)
30x (High Multiple)
📋 Live Subscription Status
QIB
1.24x
NII
11.23x
Retail
10.81x
Total
7.55x
🎯 Retail Allotment Probability
9.3% Odds
1 in 10.8 chance (~9.3% probability per PAN)
SEBI Rule: Under SEBI lottery allotment rules, applying for multiple lots under Retail does NOT increase your lottery odds. All valid retail applicants have identical 1-lot odds per PAN.
Updated: Sep 12, 2026 2:42 PM
💼 Issue Structure & Reservation Quota
Capital Structure
₹264.1 Cr
Issue Size
Fresh (65.8%)
OFS (34.2%)
Reservation Quota
100%
Allocation
QIB (50%)
NII (15%)
Retail (35%)
QIB
50.00%
Retail
35.00%
NII
15.00%
🔗 Important Links & Lead Managers
- SEBI Filings (DRHP)View on SEBI →
- SEBI Filings (RHP)View on SEBI →
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.