Garuda Construction and Engineering Limited
Garuda Construction and Engineering Limited is a mainboard IPO raising ₹264 Cr at ₹90 – ₹95 a share. It listed on 15 Oct 2024 and trades at ₹171 today, +80.0% against its issue price of ₹95. It was subscribed 7.55× in total.
7.6 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Who bid for it
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| QIB Banks, funds and other large institutions | 60,04,862 | 74,71,316 | 1.24× |
| Foreign Institutional Investors | no separate quota | 71,91,699 | n/a |
| Domestic Financial Institutions | no separate quota | 6,594 | n/a |
| Mutual funds | no separate quota | 0 | n/a |
| Others | no separate quota | 2,73,023 | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 41,70,000 | 3,76,69,952 | 9.03× |
| Non Institutional Investors | 27,80,000 | 2,20,55,360 | 7.93× |
| Corporates | no separate quota | 4,18,719 | n/a |
| Individuals | no separate quota | 2,03,36,367 | n/a |
| Others | no separate quota | 13,00,274 | n/a |
| Non Institutional Investors | 13,90,000 | 1,56,14,592 | 11× |
| Corporates | no separate quota | 42,861 | n/a |
| Individuals | no separate quota | 1,43,08,980 | n/a |
| Others | no separate quota | 12,62,751 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 97,30,000 | 10,52,03,031 | 11× |
| Cut Off | no separate quota | 9,49,98,816 | n/a |
| Price bids | no separate quota | 1,02,04,215 | n/a |
| Total | 1,99,04,862 | 15,03,44,299 | 7.55× |
Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 25 Jul, 06:39 pm IST.
How demand built
Only one reading so far. We sample subscription every hour and store it whenever it moves, so this becomes a curve as bidding runs.