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Garuda Construction IPO: Grey Market Premium Drops 75%, Last Day to Apply

Australian Premium

October 10, 2024

New Delhi, India

Garuda Construction and Engineering Limited IPO

The initial public offering (IPO) of Garuda Construction and Engineering Limited is set to close on October 10, 2024. Despite receiving a decent response from investors, the grey market has been cautious. The Grey Market Premium (GMP) for Garuda Construction shares has dropped to ₹5 today, down from ₹20 just two days ago—a 75% decline.

Key Dates

  • IPO Subscription Close: October 10, 2024
  • IPO Allotment Date: October 11, 2024
  • IPO Listing Date: October 15, 2024

Investors have one last day to apply, as the IPO nears its close with cautious sentiment from the grey market.

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