The initial public offering of Garuda Construction and Engineering opens today at a price band of ₹92-95 a share. The ₹264-crore IPO consist of a fresh issue of 1.83 crore equity shares worth ₹173.85 crore and an offer of sale (OFS) of 95 lakh equity shares by promoter PKH Ventures. investors can bid for a minimum of 157 shares of Garuda Construction IPO and in multiples thereof. AG Dynamic Funds, Trust Mutual Fund, Maybank Securities Pte Ltd, North Star Opportunities Fund VCC, Resonance Opportunities Fund, Bridge India Fund, and Cognizant Capital Dynamic Opportunities Fund are among the anchor investors. Garuda Construction has allocated 78,95,138 equity shares at Rs 95 apiece to seven funds.

Source: The Hindu October 08, 2024 15:09 UTC