| Garuda Construction and Engineering Ltd |
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| 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
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| Issue |
Money Payable On |
| Opened On |
Closed On |
Offer Price |
Application |
| 08-Oct-24 |
10-Oct-24 |
₹ 95.00 |
₹ 95.00 |
| Minimum Application for shares in Nos :157 Further Multiples of :157 |
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Lead Managers to the Issue |
| Project Cost |
₹ 159.67 Cr |
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| Project Financed through Current Offer |
₹ 264.10 Cr |
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| Post Issue Equity Share Capital |
₹ 46.52 Cr |
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| Face Value |
₹ 5 |
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