Garuda Construction IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com
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A Note on the business of Garuda Construction?

The Company, is a growing civil construction company with growth in revenue from operations. It started the civil construction work in hospitality sector with Golden Chariot Vasai Hotel & Spa in the year 2010. It began its journey as an in-house construction company.  It provide end-to-end civil construction for residential, commercial, residential cum commercial, infrastructure and industrial projects and additional services for infrastructure and also hospitality projects, Wherein, civil construction includes construction of residential, hospitality, industrial, infrastructural and commercial buildings, construction of concrete building structures and composite steel structures which are required for the civil construction.

In the year 2017, it commenced the civil construction of residential buildings in the Mumbai Metropolitan Region (“MMR”) named the Rivali park, Kandivali, dated June 30, 2017. In 2021, it concluded civil construction of the Delhi Police Headquarters, for the concessionaire M/s. Eternal Building Assets Private Limited, (a group company), which is also one of its marquee projects, which involved construction of twin towers of seventeen (17) storeys each, with a complete glass façade and steel bridge connecting the two towers, admeasuring total construction area of 89,140.53 Sq. Mtrs. It is currently engaged in civil construction of six (6) residential projects, two (2) commercial projects, one (1) industrial project and one (1) infrastructure. As on the date of filling DRHP, its order book aggregates to Rs. 1,40,827.44 lakhs

For more information, click www.garduaconstructionengineering.com

Garuda Construction IPO GMP grey market premium, review, Subscription, allotment, listing estimate

Garuda Construction IPO Review

The Company is a growing civil construction company with growth in revenue from operations. It started the civil construction work in hospitality sector with Golden Chariot Vasai Hotel & Spa in the year 2010. and gradually started taking up other projects. At present, the company has strong topline and bottom-line. Looking to the investments coming in the infrastructure sector and with its own connections, one can safely assume that the company will continue to grab good slice of project. The shares are offered at reasonable valuation and there is scope for listing gains. However, in the long run, most of such tiny companies do not enjoy significant investor-fancy.
From listing gains angle, one may APPLY, and at the same time, one must not forget war-like situation prevailing at present. Such scenario may affect Sensex as well as listing gains of present IPOs.
Opens on 8th October 2024, Closes on 10th October 2024
Price band Rs. 92-95, Lot 157 shares
GMP as on 8th October 2024 Rs. 10

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Garuda Construction IPO GMP

Garuda Construction IPO GMP today details

Garuda Construction IPO GMP grey market premium, review, Subscription, allotment, listing estimate