IPO Alert⚠️: Shocking Truth Behind Garuda construction and engineering ipo 🚩| Planify

In this video, we have conducted a review and analysis of the Garuda Construction and Engineering IPO for our prominent investors. Shocking truths have been revealed about the Garuda Construction and Engineering IPO.

The company is planning to raise ₹264.10 Cr with a valuation of ₹883 Cr. The last GMP for Garuda Construction and Engineering IPO was ₹0, and the estimated listing price is ₹95.

Based on the financials, revenue has decreased by 4%, from ₹160 Cr to ₹154 Cr. PAT has also decreased, though the company has a debt of only ₹15.17 Lakh, indicating it is nearly debt-free.

Regarding brand and reach, Garuda Construction and Engineering currently has 12 ongoing projects across PAN India, which is a positive sign for the order book.

Additionally, from a valuation perspective, the company is planning to list with a P/B ratio of 24, which is fairly valued compared to its competitors.

However, the company has not shown positive growth in revenue and profit over the past few years, giving us a reason to consider skipping this IPO.

About the company:

Garuda Construction and Engineering Limited was founded in 2010 and is a construction company.

The company provides comprehensive construction services for residential, commercial, residential/commercial, infrastructure, and industrial projects, as well as additional services for infrastructure and hospitality projects. The company also provides services such as operation and maintenance (O&M) and mechanical, electrical and plumbing (MEP) services as well as finishing works as part of construction services.