The three-day subscription window to bid for the Garuda Construction IPO, which has been oversubscribed 4.10 times, concludes today

According to stock market observers, shares of the company are available at a premium of ₹5 in the grey market today

Mumbai-based Garuda Construction and Engineering is selling its shares in the price band of Rs 92-95 apiece. Investors can apply for a minimum of 157 shares and its multiples thereafter.

The initial public offer of Garuda Construction and Engineering got subscribed 4.10 times on the second day of share sale on Wednesday.

Garuda Construction IPO opened on October 8, with a price range of ₹92-95, aiming for ₹264 crore. Retail oversubscription was notable, while QIB interest was minimal. The company shows strong financial growth and is currently debt-free.

Garuda Construction and Engineering 's Rs 264-crore initial public offering continued to receive good response from investors on the second day of bidding, October 9 despite the volatility in equity markets after recent turmoil.

Garuda Construction And Engineering Ltd.'s IPO was subscribed 2.34 times as of 10:15 a.m. on its second day. It was subscribed 1.91 times on day one. The offering will be open till Oct. 10. The company's grey market premium was Rs 5 as of 6:30 a.m.

Garuda Construction and Engineering has launched its Initial Public Offering (IPO) to raise Rs 264.10 crores, featuring a fresh issue of 1.83 crore shares and an offer for sale of 0.95 crore shares. The IPO opened on October 8,

Garuda Construction and Engineerings IPO saw robust interest, especially from retail investors who oversubscribed 5.4 times on day two. The price band is Rs 92-95 per share, with plans to raise Rs 173 crore from fresh equity.

The public issue comprises a fresh issue of 18,300,000 shares and an offer for sale of 9,500,000 shares with a face value of Rs 5 each