Garuda Construction and Engineering is set to launch its initial public offering (IPO), aiming to raise substantial capital through the issuance of new equity shares. With a price band set between 92 to 95 Indian Rupees per share, this IPO presents a significant opportunity for investors looking to participate in the growth of the construction sector.

IPO Overview

The Garuda Construction and Engineering IPO will consist of a total of 1.83 crore fresh equity shares, aggregating to approximately ₹173.85 Crore. In addition to the fresh issue, the company plans to offer shares worth ₹90.25 Crore through a Sale Offer for Sale (OFS), consisting of 0.95 crore shares.

Price Band and Share Issuance

Aspect	Details
Price Band	₹92 – ₹95 per share
Fresh Equity Shares	1.83 Crore
Fresh Equity Raise	₹173.85 Crore
Sale Offer for Sale (OFS)	0.95 Crore shares
Total Value of OFS	₹90.25 Crore

Use of Proceeds

The funds raised from the IPO are expected to be utilized for various purposes aimed at enhancing the company’s growth trajectory. These include:

• Expansion of operational capabilities
• Investments in new projects
• Debt repayment
• Working capital requirements

Market Outlook

The construction and engineering sector in India is poised for significant growth, driven by governmental infrastructure initiatives and an increase in private sector investments. This positive outlook makes Garuda Construction and Engineering’s foray into public markets a timely move, allowing the company to leverage growth opportunities effectively.

Conclusion

Garuda Construction and Engineering’s IPO, with its competitive price band and robust financial backing, presents an attractive investment proposition. As the company aims to capitalize on expanding opportunities in the construction industry, potential investors should consider this IPO as a chance to participate in the growth of a promising enterprise. With an increasing focus on infrastructure development in India, Garuda’s prospects for sustainable growth appear promising.