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<ul><li>Garuda Construction is expected to announce its IPO share allotment status on Friday, October 11.</li><li>The shares of Garuda Construction were subscribed 7.55 times.</li><li>The <keyword id="23503648" type="General" weightage="20" keywordseo="Garuda-Construction-shares" source="keywords">Garuda Construction shares</keyword> are expected to be listed on the stock exchanges on October 15.</li></ul>Mumbai-based Garuda Construction and Engineering, a construction company that provides construction services for residential, commercial, infrastructure, and industrial projects is expected to announce the allotment status of its initial public offering (IPO) on Friday, October 11. The <keyword id="21822339" type="General" weightage="20" keywordseo="Garuda-Construction-IPO" source="Orion">Garuda Construction IPO</keyword> opened on October 8 and closed on October 10. The price band for the Garuda Construction IPO was ₹90 to ₹95 per share. <h2><keyword id="23468758" type="General" weightage="20" keywordseo="Garuda-Construction-IPO-subscription" source="Orion">Garuda Construction IPO subscription</keyword> status</h2>On its last day, the Garuda Construction IPO was subscribed 7.55 times, receiving bids for 15.03 crore equity shares against 1.99 crore shares on offer. While the qualified institutional buyer (QIB) portion was subscribed 1.24 times, the non-institutional investor's portion was subscribed 9.03 times. The retail portion also witnessed decent participation and was subscribed 10.81 times. <h2>Garuda Construction IPO Grey market premium</h2>The shares of Garuda Construction are currently commanding a grey market premium (GMP) of ₹5 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. <h2>How to check the Garuda Construction IPO’s allotment status</h2>You can check the <keyword id="23503647" type="General" weightage="100" keywordseo="Garuda-Construction-IPO-allotment" source="Orion">Garuda Construction IPO allotment</keyword> status on the registrar’s website. <ul><li>To check the Garuda Construction IPO allotment status, visit the registrar’s website<a href="https://linkintime.co.in/initial_offer/public-issues.html"> here</a>. </li><li>Click on ‘Select Company’ and then select ‘Garuda Construction’. </li><li>Now, enter your PAN, application number, DP / Client ID or Account number / IFSC. </li><li>Click on submit. </li></ul>You will be able to see your Garuda Construction IPO application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you. You can also check the Garuda Construction IPO allotment status on the BSE and NSE websites. To check the allotment status on the BSE or NSE website: <ul><li>Go to the BSE<a href="https://www.bseindia.com/investors/appli_check.aspx"> website</a>. </li><li>On the website, click on 'Equity' and then select ‘Garuda Construction’ from the dropdown menu. </li><li>Now, enter your application number and PAN. </li><li>Click on 'Search'. </li></ul>You will be able to see the number of Garuda Construction shares allotted to you. You can click<a href="https://www.nseindia.com/products-services/initial-public-offerings-bid-verification"> here</a> and log in to check your Garuda Construction IPO allotment status on NSE. <h2>Garuda Construction IPO listing date</h2>The shares of Garuda Construction will be listed on the stock exchanges on October 15. Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. We recommend that readers consult certified, qualified, registered advisors for professional and personalised financial advice. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/webstories/top-selling-cars-in-india-in-september-2024-maruti-suzuki-dominates-with-seven-cars/slidelist/114112295.cms">Top selling cars in India in September 2024 – Maruti Suzuki dominates with seven cars</a> <a href="https://www.businessinsider.in/personal-finance/news/heres-how-a-reddit-user-was-able-to-get-an-iphone-16-at-under-27000/articleshow/114035179.cms">Here’s how a Reddit user was able to get an iPhone 16 at under ₹27,000</a> <a href="https://www.businessinsider.in/stock-market/news/hyundai-swiggy-ather-upcoming-large-ipos-in-india/slidelist/114014140.cms">Hyundai To Swiggy: Everyone wants to cash in on the IPO bonanza</a>

Garuda Construction IPO allotment – How to check allotment, IPO GMP, listing date and more

New Delhi: After a wave of initial public offerings (IPOs) in recent weeks, the primary market will experience a brief slowdown, with only two new public issues scheduled for the next week, aiming to raise Rs 365 crore. There were 12 IPOs in the mainboard segment and 40 in the SME (small and medium enterprise) segment in September. IPOs scheduled for next week, beginning October 7, are <keyword id="22922418" type="General" weightage="20" keywordseo="Garuda-Construction" source="keywords">Garuda Construction</keyword> and Engineering on the main board and <keyword id="23436926" type="General" weightage="20" keywordseo="Shiv-Texchem" source="keywords" meta.keywordsubtype="org" meta.entityname="Shiv Texchem" meta.hostid="153" meta.entityid="Shiv Texchem">Shiv Texchem</keyword> on the SME segment. Garuda Construction is seeking to raise Rs 264 crore, and Shiv Texchem is aiming for over Rs 101 crore through their respective IPOs available for public subscription during October 8-10. The stock market has seen a significant correction in the <keyword id="19911354" type="General" weightage="20" keywordseo="equity-market" source="keywords">equity market</keyword> since the start of October amid intensifying conflict between Israel and Iran. Despite the temporary slowdown, overall, the outlook for the <keyword id="19926041" type="General" weightage="100" keywordseo="IPO-market" source="keywords">IPO market</keyword> is promising, with 26 firms proposing to raise Rs 72,000 crore presently holding Sebi's approval while another 55 companies looking to garner about Rs 89,000 crore are awaiting the regulator's clearance, according to the Primedatabase. This month will see <keyword id="19908548" type="General" weightage="20" keywordseo="Hyundai-Motor-India" source="keywords">Hyundai Motor India</keyword> Ltd, the Indian arm of South Korean automaker Hyundai, hitting the primary market to raise around Rs 25,000 crore. The company's IPO is likely to be launched on October 14, according to sources. If the offering proceeds as planned, it will surpass Life Insurance Corporation's (LIC) public offering of Rs 21,000 crore, becoming the largest IPO in India's history. Moreover, 63 companies have already mobilised around Rs 64,000 crore via mainboard, marking a 29 per cent increase from Rs 49,436 crore collected by 57 firms through the route in 2023. The strong momentum in IPO markets is being driven by several key macroeconomic, sector-specific factors and the willingness of funds to look at new ideas. In particular, strong inflows into domestic mutual funds and robust capital formation across corporate India are playing key roles, experts said. Garuda Construction and Engineering's IPO is a mix of fresh issue of 1.83 crore equity shares and an offer of sale (OFS) of 95 lakh equity shares by promoter PKH Ventures. The price band has been fixed at Rs 92 to Rs 95 per share. About Rs 100 crore from its fresh issuance proceeds will be utilised for working capital requirements and the balance towards general corporate purposes, including unidentified inorganic acquisitions. Shiv Texchem's IPO is a completely new offering of over 61 lakh shares and is a book-built issue of Rs 101.35 crore. It has set a price band of Rs 158 to Rs 166 per equity share for the IPO. Further, the SME IPO of Khyati Global Ventures, which opened for public subscription on October 4, will close on October 8. Additionally, six companies from the SME segment are set to list in the coming week. HVAX Technologies and Saj Hotels will debut on October 7, followed by Subam Papers and Paramount Dye Tec on October 8. NeoPolitan Pizza and Foods will begin trading on October 9, with Khyati Global Ventures to follow on October 11.

IPO market braces for brief slowdown, 2 new issues targeting Rs 365 crore next week

As we approach the festive season, India's primary market is set to remain abuzz with action, with a slew of IPOs coming the investor's way. More than 12 companies will debut on the bourses in the next 2 months, looking to raise around Rs 60,000 crore in total. Prominent names among them include food delivery giant <keyword id="19896956" type="General" weightage="20" keywordseo="Swiggy" source="keywords" meta.keywordsubtype="org" meta.entityname="Swiggy" meta.hostid="261" meta.entityid="Swiggy">Swiggy</keyword>, automobile giant <keyword id="19906087" type="General" weightage="20" keywordseo="Hyundai" source="keywords">Hyundai</keyword> and more. Apart from these companies, <keyword id="20599931" type="General" weightage="20" keywordseo="NTPC-Green-Energy" source="keywords" meta.keywordsubtype="org" meta.entityname="NTPC Green Energy" meta.hostid="261" meta.entityid="NTPC Green Energy">NTPC Green Energy</keyword>, Afcons Infrastructure, Waaree Energies, Niva Bupa Health Insurance, One Mobikwik Systems, and Garuda Construction will also be bringing about their IPOs in the months to come. As per reports, the Indian markets can expect around 30 <keyword id="19898327" type="General" weightage="100" keywordseo="IPO" source="keywords">IPO</keyword>s before the end of 2024. The biggest of the lot will be of Hyundai Motor India Ltd, the Indian subsidiary of South Korea's Hyundai Motor Company, which is expected to raise Rs 25,000 crore, making it the largest-ever IPO in India to date. This record was previously held by LIC (Life Insurance Corporation of India), which had raised about Rs 21,000 crore via its IPO in 2022. However, the automobile giant's issue will entirely be an OFS (Offer for Sale) of about 14,21,94,700 shares by Hyundai Motor Company, and will not have any fresh issue involved. Food and grocery delivery giant Swiggy is targeting to raise Rs 10,414 crore via a combination of fresh issue and OFS. The Rs 10,000-crore IPO of NTPC Green Energy is also set to come in the first week of November. Following them on heels will be the IPOs of construction firm Afcons Infrastructure, which will look to raise Rs 7,000 crore. Waaree Energies is expected to raise Rs 3,000 crores via its IPO. Additionally, Niva Bupa Health Insurance and One Mobikwik Systems are also planning to raise Rs 3,000 crore and Rs 700 crore, respectively. <h2>Positioning oneself in this IPO Euphoria </h2>So far in 2024, 62 companies have already raised Rs 64,000 crore collectively via mainboard, marking a 29% increase from Rs 49,436 crore, which were mopped up by 57 firms through the IPO route in 2023. More than 50 companies have already filed their draft papers, and are now awaiting market regulator SEBI's approval. IPO prospects for 2025 aren't looking dull either, with SEBI already approving 22 IPOs, which will collectively look to raise Rs 25,000 crore. Amidst this IPO frenzy, how can you position yourself in the best possible manner? Should you subscribe to an IPO for the long-term, or should you sell post earning listing gains? Per a recent SEBI study, which studied investor behavior over 144 IPOs listed on bourses between April 2021 and December 2023, if an IPOs listing returns exceeded 20%, investors are likely to sell around 67.6% of shares by value within just a week. On the contrary, if the returns were negative, only 23.3% of shares by value were sold off. Sarvjeet Singh Virk, Co-founder &amp; MD, Shoonya by Finvasia observes that most <keyword id="19972907" type="General" weightage="20" keywordseo="retail-investors" source="keywords">retail investors</keyword> are mainly attracted to the listing gains of the IPO, while ignoring the fundamentals of the companies floating the IPOs. "Mindlessly investing without evaluating the valuations and fundamentals of any business can be highly risky. Also, investing solely on the basis of gray market premiums is yet again, undesirable. Recently, NSE has capped the pre-opening price surge to 90% to discourage investors who are investing only for listing gains. However, this is applicable only for SME IPOs, and not mainboard ones", he continues. Reading the company's DRHP or RHP can be a good starting point to understand why the company wishes to raise funds in the first place. It can also help you understand its long-term objectives. Another good parameter is to check how its peers are performing in the markets, as compared to it. Also evaluate if the company have a steady track record of profitability and revenue growth. Check for the shareholding pattern of the company, pre and post IPO. Is there a fresh issue, or is the IPO entirely OFS (offer for sale), where promotors are offloading their stake in the company? While most IPOs are a mix of the two, heavy selloff of promoter stakes should be construed as a red sign.

IPO Mania on D-Street to continue in October-November; Hyundai, Swiggy look to raise Rs 60,000 crore

<div class="KonaFilter image-container display-table"><div><div class="image on-image"></div></div></div><ul class="summary-list"><li>A YouTuber could face criminal charges after sharing a photo of a hand-drawn in-flight menu on his Garuda Indonesia flight that then went viral.</li><li>Rius Vernandes shared the image and later shared a video where he said he wasn't trying to hurt the airline's reputation. The airline later said that the menu was meant for one crew member's own use.</li><li>But Rius later said he had been reported to the police for defamation, and a news agency said police confirmed the airline had sued him. Indonesia's laws mean those found guilty could face years in jail.</li><li>The airline also sought to ban photos and videos during flights, but appeared to backtrack to The Guardian newspaper by saying the policy was not"finalized" and people could take photos if they did not disturb other passengers.</li><li><a href="https://www.businessinsider.com/?hprecirc-bullet" target="_blank" rel="noopener">Visit Business Insider's homepage for more stories.</a></li></ul>Indonesia's flagship airline, Garuda Indonesia, tried to ban in-flight photos and a YouTuber could face criminal charges after he shared a photo of the airline's hand-written menu that was then mocked online.Rius Vernandes, who has 121,000 followers on Instagram and 500,000 subscribers on YouTube and often reviews his flights, shared an image of the menu on his business-class flight on Saturday with the caption "The menu is still being printed sir," <a href="https://www.theguardian.com/world/2019/jul/18/indonesian-airline-bans-in-flight-photos-after-being-mocked-for-handwritten-menu">The Guardian reported</a>.The menu, written on a white piece of paper, showed options including beef steak and crème brûlée.The image then went viral in Indonesia, and Rius made a video about the topic on Sunday, where he promised to share "What really happened, behind Garuda's business class handwritten menu."<div class="KonaFilter image-container display-table"><div><div class="image on-image"></div></div></div>In it, he shared footage of the flight, including the menu, and talked to the camera, claiming that he did not mean to harm Garuda Indonesia's reputation. The airline told <a href="https://www.straitstimes.com/asia/se-asia/indonesian-carrier-garuda-tells-passengers-no-photos-videos-inside-cabin">press agency DPA</a>&#xa0;that the menu was made by a cabin crew member to use themselves, and that it was not supposed to be given to passengers.&#xa0;In an internal memo on Sunday, seen by The Guardian, the airline announced that it was banning crew and passengers from taking photos and videos in-flight.But Garuda's corporate secretary, Ikhsan Rosan, said on Tuesday that this policy had "not yet been finalised, and should not have been shared to the public," The Guardian reported."People can still take pictures [on board our flights] for their own use," he said, "as long as they don't disturb the other passengers".Read more: <a href="https://www.businessinsider.com/indonesia-garuda-airline-cancels-5bn-boeing-737-max-8-order-2019-3" data-analytics-position="14">Indonesia's flagship airline moves to cancel $5 billion order for 49 Boeing 737 Max 8 jets after deadly crashes</a>In an Instagram post on Tuesday, Rius said that he had been reported to the police for defamation, but that he had "no intention at all to defame anyone."Police <a href="https://www.straitstimes.com/asia/se-asia/indonesian-carrier-garuda-tells-passengers-no-photos-videos-inside-cabin">confirmed to DPA</a>&#xa0;that the airline, which is Indonesia's national airline, had filed a defamation case against him.Garuda Indonesia could not immediately be reached for comment by Business Insider.&#xa0;Indonesia's laws mean someone found guilty of defamation can <a href="https://www.hg.org/legal-articles/defamation-and-privacy-law-in-indonesia-5913">spend years in prison</a>, and the country also has strict laws that <a href="https://www.ssek.com/id/blog-id/defamation-under-indonesian-law">regulate internet activity</a> and include criminal punishment people found guilty of sharing electronic information or documents that defame others. Those found guilty can be met with a fine of up to one billion rupiah ($71,600) or six years in prison.Rius asked for his followers' help, calling on other influencers in particular, and said: "You all have a voice."<div class="KonaFilter image-container display-table"><div><div class="image on-image"></div></div></div>He said that the support was needed so that people who give "constructive" reviews won't be seen as "criminal."While saying he wasn't afraid, Rius&#xa0;said that he wanted to find a different way to solve the dispute.Rius has been met with an outpouring of <a href="https://twitter.com/priambodo/status/1150114138284158977">support</a> on his social <keyword id="6354777" type="COMPANY" weightage="60" keywordseo="Media">media</keyword> accounts, and some passengers have also told Garuda that they will <a href="https://twitter.com/guvner067/status/1151376759893315584">not fly with the airline</a> if they pursue legal action against him.Garuda was <a href="https://www.businessinsider.com/best-airlines-in-the-world-2019-skytrax-rankings-2019-6?r=US&amp;IR=T">ranked as the world's 12th-best airline</a> for 2019 by consumer-aviation website&#xa0;<a href="https://www.worldairlineawards.com/">Skytrax</a>.<div></div><div> </div> <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/boeing-737-max-airplane-crash-incidents-recover-lawsuits-scrutiny-2019-7">Will Boeing recover from the 737 Max crisis?</a></h3> <div> </div> </div>

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Garuda Construction IPO allotment – How to check allotment, IPO GMP, listing date and more

Sourabh Jain

IPO market braces for brief slowdown, 2 new issues targeting Rs 365 crore next week

PTI

IPO Mania on D-Street to continue in October-November; Hyundai, Swiggy look to raise Rs 60,000 crore

Ira Alok Puranik

An YouTuber could face criminal charges after a picture he posted of a hand-written in-flight menu on Indonesia's flagship airline went viral

Sinéad Baker,Sinéad Baker,Sin…

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