Garuda Construction IPO Allotment Status

Summary

Garuda Construction and Engineering IPO has received a moderate response from investors, closing with a subscription of 7.55 times by 10th October 2024 at 5:11:07 PM (Day 3). The public issue witnessed varying demand across investor categories.

The Retail Investors segment led the charge with a subscription of 10.81 times. The Non-Institutional Investors (NII) category showed strong interest, subscribing 9.03 times, with small NIIs (bids below ₹10 lakh) showing stronger interest at 11.23 times compared to big NIIs (bids above ₹10 lakh) at 7.93 times.

The Qualified Institutional Buyers (QIB) portion showed lukewarm interest, subscribing 1.24 times. The Anchor Investors portion was fully subscribed. This response suggests a cautiously positive market sentiment towards Garuda Construction and Engineering's offering.

How to Check Garuda Construction IPO Allotment Status:

How do you Check Garuda Construction IPO Allotment Status on the Registrar's Site?

Step 1: Visit the web portal of Link Intime India Private Ltd (https://linkintime.co.in/initial_offer/public-issues.html)

Step 2: From the selection menu, choose Garuda Construction IPO.

Step 3: Pick a mode from the following three: PAN ID, Demat Account number, or Application number

Step 4: Choose "Application Type," then "ASBA" or "non-ASBA."

Step 5: Enter the information relevant to the mode you have chosen.

Step 6: For security reasons, please fill out the captcha accurately.

Step 7: Click "Submit."

How to Check Garuda Construction IPO Allotment Status on BSE?

On the website of the Bombay Stock Exchange (BSE), investors who placed a bid for the Garuda Construction IPO can monitor the allotment status:

Step 1: Click on this link: https://www.bseindia.com/investors/appli_check.aspx

Step 2: Click on "Issue Type" and choose "Equity."

Step 3: Choose "Garuda Construction Limited" from the dropdown menu under "Issue Name."

Step 4: Enter your application number.

Step 5: Give the PAN ID.

Step 6: Select 'I am not a robot' and press the search button.

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account? 

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Garuda Construction IPO Timeline:

Garuda Construction IPO Subscription Status

Garuda Construction and Engineering IPO received 7.55 subscriptions. By 10th October 2024 at 5:11:07 PM (Day 3), the public issue had been subscribed 10.81 times in the retail category, 1.24 times in the QIB category, and 9.03 times in the NII category.

Subscription Day 3 (as of 5:11:07 PM)
Total Subscription: 7.55 times
QIB: 1.24 times
NII: 9.03 times
bNII (bids above ₹10L): 7.93 times
sNII (bids below ₹10L): 11.23 times
Retail investors: 10.81 times

Subscription Day 2
Total Subscription: 4.12 times
QIB: 0.91 times
NII: 2.59 times
Retail investors: 6.76 times

Subscription Day 1
Total Subscription: 1.96 times
QIB: 0.02 times
NII: 1.11 times
Retail investors: 3.52 times

Garuda Construction IPO Details 

Garuda Construction and Engineering's initial public offering (IPO) is a book built issue amounting to ₹264.10 crores. This offering consists of a fresh issue of 1.83 crore shares aggregating to ₹173.85 crores and an offer for sale of 0.95 crore shares aggregating to ₹90.25 crores.

The bidding process for the Garuda Construction and Engineering IPO commenced on 8th October 2024 and concluded on 10th October 2024. The allotment results for this IPO are anticipated to be finalised on 11th October 2024. Furthermore, the shares of Garuda Construction and Engineering are set to be listed on the BSE and NSE, with a provisional listing date scheduled for 15th October 2024.

The Garuda Construction and Engineering IPO price band has been established between ₹90 and ₹95 per share. Investors must apply for a minimum lot size of 157 shares, which requires a minimum investment of ₹14,915 for retail investors. For small non-institutional investors (sNII), the minimum investment consists of 14 lots (2,198 shares), totalling ₹208,810. For big non-institutional investors (bNII), the minimum investment is 68 lots (10,676 shares), amounting to ₹1,014,220.

Corpwis Advisors Private Limited serves as the book running lead manager for the Garuda Construction and Engineering IPO. Link Intime India Private Ltd is designated as the registrar for this offering.