Garuda Construction & Engineering Ltd (GCEL), a civil construction company engaged in residential, commercial, infrastructure and industrial projects, is launching an IPO (Initial Public Offer) today. The IPO is both an offer for sale by promoters (worth Rs 90 crore) and a fresh issue to raise Rs 174 crore.

Garuda Construction and Engineering Limited is all set to raise money through an initial public offering. Here’s everything you need to know about the IPO and the company.

Garuda Construction and Engineering IPO opens today, priced at ₹92-95 per share. The firm raised ₹75 crores from anchor investors and boasts significant revenue growth. The IPO targets diverse investors,

The initial public offer (IPO) of Garuda Construction and Engineering will open for subscription today and will be available for investors to bid till October 10. The company raised Rs 75 crore from anchor investors ahead of the issue opening.

G Dynamic Funds, Trust Mutual Fund, Maybank Securities Pte Ltd, North Star Opportunities Fund VCC, Resonance Opportunities Fund, Bridge India Fund, and Cognizant Capital Dynamic Opportunities Fund are among the anchor investors.

Garuda Construction IPO opens at ₹92-95/share, with proceeds for projects and inorganic acquisitions, attracting anchor investors.

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 has finalised allocation of 78,95,138 equity shares to seven anchor investors at a price of Rs 95 per share.

Garuda Construction IPO opens on October 8 and closes on October 10. The company provides end-to-end civil construction services. The Indian construction sector is expected to grow to Rs 6.49 lakh crore by FY30.