Garuda Construction IPO allotment – How to check allotment, IPO GMP, listing date and more

• Garuda Construction is expected to announce its IPO share allotment status on Friday, October 11.
• The shares of Garuda Construction were subscribed 7.55 times.
• The Garuda Construction shares are expected to be listed on the stock exchanges on October 15.

Mumbai-based Garuda Construction and Engineering, a construction company that provides construction services for residential, commercial, infrastructure, and industrial projects is expected to announce the allotment status of its initial public offering (IPO) on Friday, October 11.

The Garuda Construction IPO opened on October 8 and closed on October 10. The price band for the Garuda Construction IPO was ₹90 to ₹95 per share.

Garuda Construction IPO subscription status

On its last day, the Garuda Construction IPO was subscribed 7.55 times, receiving bids for 15.03 crore equity shares against 1.99 crore shares on offer.

While the qualified institutional buyer (QIB) portion was subscribed 1.24 times, the non-institutional investor's portion was subscribed 9.03 times. The retail portion also witnessed decent participation and was subscribed 10.81 times.

Garuda Construction IPO Grey market premium

The shares of Garuda Construction are currently commanding a grey market premium (GMP) of ₹5 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges.

How to check the Garuda Construction IPO’s allotment status

You can check the Garuda Construction IPO allotment status on the registrar’s website.

• To check the Garuda Construction IPO allotment status, visit the registrar’s website here.
  
• Click on ‘Select Company’ and then select ‘Garuda Construction’.
  
• Now, enter your PAN, application number, DP / Client ID or Account number / IFSC.
  
• Click on submit.
  

You will be able to see your Garuda Construction IPO application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you.

You can also check the Garuda Construction IPO allotment status on the BSE and NSE websites.

To check the allotment status on the BSE or NSE website:

• Go to the BSE website.
  
• On the website, click on 'Equity' and then select ‘Garuda Construction’ from the dropdown menu.
  
• Now, enter your application number and PAN.
  
• Click on 'Search'.
  

You will be able to see the number of Garuda Construction shares allotted to you.

You can click here and log in to check your Garuda Construction IPO allotment status on NSE.

Garuda Construction IPO listing date

The shares of Garuda Construction will be listed on the stock exchanges on October 15.

Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. We recommend that readers consult certified, qualified, registered advisors for professional and personalised financial advice.

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