Garuda Construction and Engineering to Launch IPO on Dalal Street from October 8

Garuda Construction and Engineering, a subsidiary of PKH Ventures, will open its IPO for subscription on October 8, 2024. The company is yet to announce the price band, which will be revealed later this week.

The IPO comprises 2.78 crore equity shares, including a fresh issue of 1.83 crore shares and an offer-for-sale of 95 lakh shares by promoter PKH Ventures. The public issue will close on October 10, while the anchor book for QIBs will open on October 7.

Funds raised will be used for working capital, general corporate expenses, and potential acquisitions.

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_{^{Source: Moneycontrol}}