Garuda Construction & Engineering IPO Subscription Status
Garuda Construction & Engineering IPO was subscribed 7.73 times when bidding closed on 10 Oct 2024: QIB 1.34x, NII 9.03x, Retail 10.81x.
The Garuda Construction & Engineering IPO has been subscribed 7.73x times overall. Retail investors have shown interest with bids for 10.81x the shares available. The Non-Institutional Investor (NII) category has been subscribed 9.03x. Within NII, Big HNI (B-HNI) subscribed 7.93x and Small HNI (S-HNI) subscribed 11.23x. Qualified Institutional Buyers (QIBs) have subscribed 1.34x. Data last updated on 10 Nov, 11:18 PM.
The IPO subscription period has ended. The issue opened on 08 Oct, 2024 and closes on 10 Oct, 2024. The shares are expected to list on stock exchanges on 15 Oct, 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 1.34x |
| NII | - of - - | 9.03x |
bHNI — bid amount above ₹10 Lakh |
- - | 7.93 |
sHNI — bid amount ₹2–10 Lakh |
- - | 11.23 |
| Retail | - of - - | 10.81x |
| TOTAL | - - | 7.73x |
Garuda Construction & Engineering IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 9.3% for a single lot.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
10 Oct 2024
Day 3 |
7.73x | ▼ | |
|
QIB1.34x
BHNI7.93x
SHNI11.23x
Retail10.81x
|
|||
|
09 Oct 2024
Day 2 |
4.1x | ▼ | |
|
QIB0.91x
BHNI1.32x
SHNI5.1x
Retail6.73x
|
|||
|
08 Oct 2024
Day 1 |
1.91x | ▼ | |
|
QIB0.02x
BHNI0.45x
SHNI2.39x
Retail3.43x
|
|||
Garuda Construction & Engineering IPO dates
From the bidding window 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
Anchor investor allocation
Shares allotted to anchor investors the working day before the issue opened.
| # | Anchor Investor | Group Entity | Amt (₹ cr.) | % Allocated | |
|---|---|---|---|---|---|
| 1 | AG DYNAMIC FUNDS LIMITED | - | ₹20.00 Cr | 26.67% | |
| 2 | TRUST MUTUAL FUND - TRUST MF FLEXI CAP FUND | - | ₹10.00 Cr | 13.33% | |
| 3 | MAYBANK SECURITIES PTE LIMITED | - | ₹10.00 Cr | 13.33% | |
| 4 | NORTH STAR OPPORTUNITIES FUND VCC - BULL VALUE INCORPORATED VCC SUB-FUND | NORTH STAR OPPORTUNITIES | ₹10.00 Cr | 13.33% | |
| 5 | RESONANCE OPPORTUNITIES FUND | - | ₹10.00 Cr | 13.33% | |
| 6 | BRIDGE INDIA FUND | BRIDGE | ₹10.00 Cr | 13.33% | |
| 7 | COGNIZANT CAPITAL DYNAMIC OPPORTUNITIES FUND | COGNIZANT | ₹5.00 Cr | 6.67% | |
| TOTAL | ₹75.00 Cr | 99.99% |
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Garuda Construction & Engineering IPO?
As of IPO close date (10 Oct, 2024), the Garuda Construction & Engineering IPO is subscribed 7.73x times. Retail category is 10.81x, and NII is 9.03x subscribed.
When is the allotment date for Garuda Construction & Engineering IPO?
The allotment for Garuda Construction & Engineering IPO is expected to be finalized on 11 October, 2024.
When will Garuda Construction & Engineering IPO list on the stock market?
Garuda Construction & Engineering is scheduled to list on BSE and NSE on 15 October, 2024.
What are the chances of getting allotment in Garuda Construction & Engineering IPO?
The retail category is oversubscribed at 10.81x, meaning allotment is by lottery. Statistically, approximately 1 in 11 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 1.34x mean for Garuda Construction & Engineering IPO?
Moderate — QIBs have subscribed 1.34x. Institutional demand is present but not overwhelming. Watch for any last-minute QIB surge on the final day.
How to check Garuda Construction & Engineering IPO allotment status?
After the allotment date (11 Oct, 2024), you can check your Garuda Construction & Engineering IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Garuda Construction & Engineering IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
