Garuda Construction and Engineering Ltd. IPO

We are civil construction and engineering company based in Mumbai. We provide end to end civil construction for residential, commercial, residential cum commercial, infrastructure and industrial projects. We also provide services such as operations and maintenance services (“O&M”) ... and Mechanical, Electrical and Plumbing (“MEP”) services and finishing works as a part of our construction services. Hence, we offer complete construction services under our banner. Read more

Our company operates in the construction industry. The construction sector is the country’s second-largest economic segment after Agriculture. The sector contributed 8.4% to the national GVA (at constant price) in FY23. The order book of construction companies is dependent upon the capital ... expenditure in the economy. Broadly, the investments can be classified into infrastructure, real estate and industrial construction. Increase in infrastructure demand & government initiative shows the potential for catapulting India to the third largest construction market globally. Overall the Indian Construction sector has grown at a CAGR of 10.6% from FY18 to FY23 from Rs. 2,375 Billion to Rs. 3,922 Billion. The construction sector is further expected to grow from Rs. 3,922 Billion in FY23 to Rs. 6,494 Billion in FY30 at a CAGR of 7.5%. Historically, infrastructure creation, spread across sectors such as roads and highways, telecom, airports, ports, power, oil and gas and railways has dominated the investments. Increase in Infrastructure demand & government initiative shows the potential for catapulting India to the third largest construction market globally. The sector is expected to contribute 15% to the Indian economy by 2030. Read more