IPO Details
- Opening Date
- Close Date
- Allotment Date
- Listing Date
- Face Value
- Issue Price
- Market Lot
- Total Issue Size
- October 8, 2024
- October 10, 2024
- October 11, 2024
- October 15, 2024
- 5
- 90 to 95
- 157
- 264.1
Garuda Construction and Engineering Limited is launching its highly anticipated Initial Public Offering (IPO), offering up to 2,78,00,000 equity shares at a face value of ₹5 each. This includes a Fresh Issue of up to 1,83,00,000 equity shares and an Offer for Sale of up to 95,00,000 equity shares by the promoter, PKH Ventures Limited. The IPO aims to raise capital for the company’s ongoing expansion plans, strengthen its financial position, and tap into India’s growing infrastructure development market.
Founded in 2010, Garuda Construction and Engineering Limited has evolved into a major player in the Indian construction sector. The company specializes in civil construction, engineering, and infrastructure projects, catering to both government and private sector clients. Their portfolio includes large-scale projects like highways, bridges, residential buildings, and commercial complexes. They have a proven track record of timely delivery, quality execution, and adherence to safety standards.
The IPO follows the Book Building Process and will be listed on both BSE and NSE. Retail investors, Qualified Institutional Buyers (QIBs), and Non-Institutional Investors (NIIs) can participate in the IPO. The price band and minimum bid lot for the IPO will be announced two days before the offer opening date.
Garuda’s promoters include Pravinkumar Brijendra Kumar Agarwal, PKH Ventures Limited, and Makindian Township Private Limited, all of whom have significant industry expertise and resources. With India’s booming infrastructure sector, this IPO presents a strong investment opportunity for both retail and institutional investors looking for long-term growth.
Key dates to note: The IPO opens for bidding on October 8, 2024, and closes on October 10, 2024.
Investors are encouraged to review the Red Herring Prospectus carefully and consider the associated risks before making an investment decision.
Hyundai Motor India Limited - Restated Consolidated Statement of Assets and Liabilities | As at June 30, 2024 | As at June 30, 2023 | As at March 31, 2024 | As at March 31, 2023 | As at March 31, 2022 |
Assets | |||||
Non-current assets | |||||
Property, plant and equipment | 63,786.92 | 64,386.51 | 67,135.59 | 57,656.36 | 62,290.52 |
Capital work-in-progress | 9,721.25 | 7,081.22 | 6,528.42 | 13,366.35 | 5,291.25 |
Right-of-use assets | 6,134.07 | 560.8 | 6,183.42 | 577.65 | 662.96 |
Intangible assets | 2,612.91 | 3,059.09 | 2,825.26 | 3,270.32 | 3,758.62 |
Other financial assets | 629.21 | 546.31 | 624.12 | 516.97 | 493.98 |
Deferred tax assets (net) | 9,896.71 | 8,755.07 | 9,477.90 | 8,265.99 | 6,156.74 |
Non-current tax assets (net) | 7,012.78 | 6,212.66 | 6,886.39 | 6,146.71 | 2,081.53 |
Other non-current assets | 3,031.11 | 2,215.73 | 2,590.92 | 2,313.36 | 2,046.57 |
Total non-current assets | 1,02,824.96 | 92,817.39 | 1,02,252.02 | 92,113.71 | 82,782.17 |
Current assets | |||||
Inventories | 28,882.93 | 35,943.73 | 33,156.29 | 34,224.09 | 28,811.20 |
Trade receivables | 23,581.40 | 26,434.06 | 25,100.26 | 28,971.92 | 21,824.07 |
Cash and cash equivalents | 45,042.88 | 64,630.48 | 9,732.15 | 1,77,411.47 | 1,41,388.42 |
Bank balance other than above | 40,084.95 | 1,28,065.91 | 80,441.30 | - | - |
Loans | - | - | - | 659.48 | 154.94 |
Other financial assets | 3,718.15 | 3,003.44 | 3,439.24 | 4,539.58 | 3,005.15 |
Other current assets | 9,567.12 | 6,153.82 | 9,371.19 | 7,813.17 | 5,614.63 |
Total current assets | 1,50,877.43 | 2,64,231.44 | 1,61,240.43 | 2,53,619.71 | 2,00,798.41 |
Total assets | 2,53,702.39 | 3,57,048.83 | 2,63,492.45 | 3,45,733.42 | 2,83,580.58 |
Equity and Liabilities | |||||
Equity | |||||
Equity share capital | 8,125.41 | 8,125.41 | 8,125.41 | 8,125.41 | 8,125.41 |
Reserves and surplus | 1,13,361.69 | 2,05,682.88 | 98,531.16 | 1,92,422.77 | 1,60,437.14 |
Total equity | 1,21,487.10 | 2,13,808.29 | 1,06,656.57 | 2,00,548.18 | 1,68,562.55 |
Non-current liabilities | |||||
Borrowings | 6,016.98 | 6,862.07 | 6,227.97 | 7,065.66 | 7,667.10 |
Lease liabilities | 533.54 | 259.3 | 557.68 | 267.23 | 307.47 |
Provisions | 8,671.35 | 8,270.03 | 8,467.39 | 8,037.65 | 7,743.02 |
Other non-current liabilities | 11,968.21 | 10,119.09 | 11,610.97 | 9,759.55 | 7,378.07 |
Total non-current liabilities | 27,190.08 | 25,510.49 | 26,864.01 | 25,130.09 | 23,095.66 |
Current liabilities | |||||
Borrowings | 1,564.46 | 5,968.92 | 1,451.18 | 4,520.34 | 3,733.23 |
Lease liabilities | 96.62 | 34.25 | 95.58 | 40.24 | 68.95 |
Total outstanding dues of micro enterprises and small enterprises | 1,831.52 | 2,072.11 | 2,158.18 | 1,536.92 | 1,274.98 |
Total outstanding dues of creditors other than micro enterprises and small enterprises | 72,963.46 | 72,772.39 | 72,871.39 | 52,779.30 | |
Other financial liabilities | 6,031.06 | 8,809.48 | 5,759.74 | 8,067.47 | 4,263.43 |
Other current liabilities | 15,466.82 | 17,948.80 | 39,327.93 | 25,342.17 | 23,789.21 |
Provisions | 4,580.67 | 4,393.04 | 4,528.20 | 4,539.05 | 4,027.33 |
Current tax liabilities (net) | 6,735.79 | 5,539.99 | 3,878.67 | 3,137.57 | 1,985.94 |
Total current liabilities | 1,05,025.21 | 1,17,730.05 | 1,29,971.87 | 1,20,055.15 | 91,922.37 |
Total liabilities | 1,32,215.29 | 1,43,240.54 | 1,56,835.88 | 1,45,185.24 | 1,15,018.03 |
Total equity and liabilities | 2,53,702.39 | 3,57,048.83 | 2,63,492.45 | 3,45,733.42 | 2,83,580.58 |
Hyundai Motor India Limited - Restated Consolidated Statement of Profit and Loss (including other comprehensive income) | For the period ended June 30, 2024 | For the period ended June 30, 2023 | For the year ended March 31, 2024 | For the year ended March 31, 2023 | For the year ended March 31, 2022 |
Income | |||||
Revenue from operations | 1,73,442.34 | 1,66,235.11 | 6,98,290.57 | 6,03,075.80 | 4,73,784.32 |
Other income | 2,237.50 | 3,881.00 | 14,732.68 | 11,290.62 | 5,876.16 |
Total income | 1,75,679.84 | 1,70,116.11 | 7,13,023.25 | 6,14,366.42 | 4,79,660.48 |
Expenses | |||||
Cost of materials consumed | 1,17,638.35 | 1,18,640.95 | 5,12,979.91 | 4,45,086.35 | 3,52,308.08 |
Purchases of stock-in-trade | 1,801.24 | 816.14 | 4,334.27 | 6,564.16 | 6,564.05 |
Changes in inventories of finished goods, work-in-progress, and stock-in-trade | 5,337.45 | 6,557.53 | -1,384.74 | -1,351.21 | -621.2 |
Employee benefits expense | 5,527.69 | 4,794.67 | 19,754.88 | 17,662.26 | 16,476.38 |
Finance costs | 316.4 | 371.86 | 1,580.79 | 1,424.01 | 1,319.13 |
Depreciation and amortisation expense | 5,289.81 | 5,596.90 | 22,079.31 | 21,898.66 | 21,695.86 |
Other expenses | 19,868.85 | 15,555.02 | 71,820.52 | 60,098.70 | 44,397.74 |
Cost of materials consumed for own use | -133.78 | -101.75 | -540.43 | -472.26 | -201.61 |
Total expenses | 1,55,646.01 | 1,52,231.32 | 6,30,624.51 | 5,50,910.67 | 4,41,938.42 |
Profit before tax | 20,033.83 | 17,884.79 | 82,398.74 | 63,455.75 | 37,722.06 |
Tax expense | |||||
Current tax | 5,533.93 | 5,071.33 | 22,965.26 | 18,414.53 | 10,377.87 |
Deferred tax (net) | -396.62 | -478.4 | -1,166.96 | -2,051.28 | -1,671.72 |
Total tax expense | 5,137.31 | 4,592.93 | 21,798.30 | 16,363.25 | 8,706.15 |
Profit for the period / year | 14,896.52 | 13,291.86 | 60,600.44 | 47,092.50 | 29,015.91 |
Other comprehensive income ('OCI') for the period / year | |||||
Remeasurements of net defined benefit liability / (asset) | -88.18 | -42.43 | -178.57 | -230.33 | 36.11 |
Income tax relating to items that will not be reclassified to profit or loss | 22.19 | 10.68 | 44.95 | 57.97 | -9.09 |
Total other comprehensive income / (loss) | -65.99 | -31.75 | -133.62 | -172.36 | 27.02 |
Total comprehensive income for the period / year | 14,830.53 | 13,260.11 | 60,466.82 | 46,920.14 | 29,042.93 |
1. Pravinkumar Brijendra Kumar Agarwal
Managing Director and Chairman
DIN: 00845482
2. Mohit Kapoor
Whole Time Director
DIN: 10301044
3. Deepak Kumar
Non-Executive Director
DIN: 09292428
4. Priyanka Yadav
Independent Director
DIN: 08858855
5. Rajvirendra Singh Rajpurohi
Independent Director
DIN: 06770931
6. Venkateshkumar K Tirupatipanyam
Independent Director
DIN: 06770931【15:0†source】.
Company Name: Garuda Construction and Engineering Limited
Corporate Identity Number (CIN): U45400MH2010PLC207963
Registered Office Address:
201, A Wing, Fortune 2000 C-3 Block,
Bandra Kurla Complex,
Bandra (East), Mumbai 400 051,
Maharashtra, India
Email: compliance@garudaconstructionengineering.com
Website: www.garudaconstructionengineering.com