Garuda Construction IPO
Construction/Real Estate - Listed on 15 October 2024
Garuda Construction IPO listing summary
Garuda Construction (Construction/Real Estate) closed its IPO window in 2024 and listed on NSE and BSE on 15 October 2024 at an upper band issue price of Rs 95, opening at Rs 105 for a listing gain of +10.5% and closing day one at Rs 106.36 (+12.0% on closing basis). The IPO was subscribed 7.55x overall - QIB 1.24x, HNI/NII 9.03x, Retail 10.81x. The total issue size was Rs 264.1 Cr (Fresh Issue Rs 173.85 Cr, OFS Rs 90.25 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Garuda Construction IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 22 | +5.26% |
| Day 2 | Rs 22 | +7.37% |
| Day 3 | Rs 10 | +10.53% |
| Day 4 | Rs 7 | +10.53% |
| Day 5 | Rs 5 | +8.42% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Garuda Construction IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Garuda Construction IPO - FAQs
What was the listing gain of Garuda Construction IPO?
Garuda Construction IPO listed at +10.5% versus the upper issue price of Rs 95 on 15 October 2024.
How many times was Garuda Construction IPO subscribed?
Garuda Construction IPO was subscribed 7.55x overall. QIB portion was subscribed 1.24x, HNI / NII 9.03x and Retail 10.81x.
What was the IPO GMP for Garuda Construction?
IPO GMP started at Rs 22 on Day 1 and moved to Rs 5 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.