Garuda Construction & Engineering IPO GMP History
Garuda Construction & Engineering IPO has been listed on October 15, 2024 at a listing price of ₹105, against the issue price of ₹95 — a gain of ₹10 (+10.53%). The GMP peaked at ₹15 on 6 October 2024 and reached a low of ₹0 on 9 October 2024. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Garuda Construction & Engineering IPO raised ₹264.1 Cr. through its IPO at a price band of ₹90 to ₹95 per share, with a lot size of 157 shares. The IPO was open for subscription from 08 Oct 2024 to 10 Oct 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 11:18 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 09 Oct 2024 | ₹ 0 | ▼ | -- | — | — |
| 07 Oct 2024 | ₹ 4 | ▼ | 4% | — | — |
| 06 Oct 2024 | ₹ 15 | ▲ | 16% | — | — |
| 05 Oct 2024 | ₹ 11 | — | 12% | — | — |
Garuda Construction & Engineering IPO dates
Key dates from opening to listing. Today is 14 November.
- Open 08 Oct 2024
- Close 10 Oct 2024
- Allotment 11 Oct 2024
- Refund/credit 14 Oct 2024
- Listing 15 Oct 2024
Garuda Construction & Engineering IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹95 |
|---|---|
| Listing gain / loss | +₹10 per share |
| Listing date | 15 Oct, 2024 |
| Actual listing price | ₹105 (+10.53%) |
Is Garuda Construction & Engineering IPO GMP reliable?
Grey market premium for Garuda Construction & Engineering IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Garuda Construction & Engineering IPO full review for a fundamentals-based assessment before making any grey market trades.
Garuda Construction & Engineering IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Garuda Construction & Engineering IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Garuda Construction & Engineering IPO
Garuda Construction and Engineering Limited was incorporated as Garuda Construction and Engineering Private Limited on 21 September 2010. It is a civil construction company.
Its business has been mainly construction for group companies and promoter-linked developers, and it is now moving into third-party contracts for growth.
Its promoters are Pravinkumar Brijendra Kumar Agarwal, PKH Ventures Limited and Makindian Township Private Limited.
The IPO was Rs 264.1 crore, with Rs 173.85 crore of fresh issue and Rs 90.25 crore of offer for sale by PKH Ventures. Rs 100.00 crore was planned for working capital.
Frequently asked
What is the GMP of Garuda Construction & Engineering IPO?
The current Grey Market Premium (GMP) of Garuda Construction & Engineering IPO is not yet started or active in the market.
What is the Kostak Price of Garuda Construction & Engineering IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Garuda Construction & Engineering IPO is not available.
What is the Subject to Sauda Price of Garuda Construction & Engineering IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Garuda Construction & Engineering IPO?
Garuda Construction & Engineering IPO listed on October 15, 2024 at ₹105, against the issue price of ₹95 — a gain of +10.53%.
How did the GMP of Garuda Construction & Engineering IPO trend before listing?
The GMP of Garuda Construction & Engineering IPO was falling in its final days before listing. The GMP peaked at ₹15 on 6 October 2024. View the day-wise table above for the complete GMP history.
Explore Garuda Construction & Engineering IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
