What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Garuda Construction and Engineering Limited IPO?

Garuda Construction and Engineering Limited IPO has received a total subscription of 7.55 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Garuda Construction and Engineering Limited

ListedMainboard

Infrastructure & Construction · NSE / BSE

Garuda Construction and Engineering Limited, established in 2010, is a versatile construction company offering services across residential, commercial, infrastructure, and industrial projects. Along with core construction, it specializes in operation and maintenance (O&M), mechanical, electrical, and plumbing (MEP) services, and finishing works. The company also handles infrastructure and hospitality projects, ensuring end-to-end project execution. As of September 28, 2024, Garuda had a dedicated team of 65 permanent employees, supporting its wide range of services.

Price Band

₹90 – ₹95

Issue Size

₹264 Cr

Lot Size

157 shares

GMP

—

Est. Listing

₹95

at current GMP

Subscribed

7.55x

overall

Open

8 Oct 2024

10 Oct 2024

Allotment

11 Oct 2024

Refund

12 Oct 2024

Demat Credit

13 Oct 2024

Listing

15 Oct 2024

Last updated 12 days ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

7.55x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

0.00x

High Net-Worth

Retail (RII)

10.81x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 7.55x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
RETAIL	9,730,000	105,203,031	10.81x
Total	9,730,000	105,203,031	7.55x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 11.04x

Category	Applications Reserved	Applications Received	Times Subscribed
HNIs (10L+)	1,265	1,935	1.53x
HNIs (2-10L)	632	6,392	10.11x
RETAIL	61,975	696,675	11.24x
Total Applications	63,872	705,002	11.04x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About Garuda Construction and Engineering Limited Public Issue & Market Profile

Garuda Construction and Engineering Limited is bringing an initial public offering (IPO) in the Infrastructure & Construction sector with an aggregate issue size of ₹264.1 Crores. The shares are offered at a price band of ₹90 to ₹95 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.

Bidding & Quota Instructions:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 157 shares (approx. ₹14,915 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Allotment Reconciliation Schedule:

Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-10-13, while un-allotted funds or UPI block mandates will be released on 2024-10-12.

Frequently Asked Questions

What is Garuda Construction and Engineering Limited IPO GMP today?

Currently, Garuda Construction and Engineering Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹90 to ₹95 per equity share.

What is the expected profit per lot for Garuda Construction and Engineering Limited IPO?

The retail lot size is 157 shares requiring a minimum application amount of ₹14,915. Expected listing price is ₹95 per equity share.

What is the issue size and price band for Garuda Construction and Engineering Limited IPO?

The Garuda Construction and Engineering Limited IPO aggregate issue size is ₹264.1 Crores with an equity price band set at ₹90 to ₹95 per equity share. The retail lot size is 157 shares requiring a minimum capital outlay of approx. ₹14,915.

How can I check Garuda Construction and Engineering Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 7.55x (Retail: 10.81x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.

Where and when will Garuda Construction and Engineering Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2024-10-11. Investors can verify status using PAN card or application number.

When is the listing date for Garuda Construction and Engineering Limited IPO?

Garuda Construction and Engineering Limited shares are scheduled to list on NSE and BSE on 2024-10-15.