Garuda Construction and Engineering Ltd - IPO

Garuda Construction and Engineering Ltd IPO Details

Initial public offering of up to 2,78,00,000 equity shares of face value of Rs. 5 each ( the Equity Shares) of Garuda Construction and Engineering Limited (The Company or the Issuer) for cash at a price of Rs. 95.00 per equity share (including a premium of Rs. 90.00 per equity share) (Offer Price) aggregating up to Rs. 264.10 crores (The Offer). The offer comprises of a fresh issue of up to 1,83,00,000, equity shares aggregating up to Rs. 173.85 crores (Fresh Issue) and an offer for sale of up to 95,00,000 equity shares by its promoter, PKH Ventures Limited aggregating up to Rs. 90.25 crores (the Promoter Selling Shareholder) (the Offer for Sale, together with the fresh issue, the Offer). The offer will constitute 29.88 % of its post-offer paid-up equity share capital.The face value of the equity shares is Rs. 5 each and the offer price is 19.00 times the face value of the equity shares.*Subject to the finalsation of the allotment

Objective of issue

Working Capital Requirement. General Corporate Purposes.

Garuda Construction and Engineering Ltd Contact Details

Garuda Construction and Engineering Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - compliance@garudaconstructionengineering.com

Website - www.garudaconstructionengineering.com