Garuda Construction and Engineering made its debut on the BSE at Rs 103.20, marking an 8.63% increase, or a rise of 8.2 points, from its issue price of Rs 95.00.

The stock is currently trading at Rs 103.80, reflecting a gain of 9.26% or 8.8 points above the issue price.

The share has reached a high of Rs 109.78 and a low of Rs 100.30 during the trading session, with 14.48 lakh shares being exchanged.

The IPO, open for subscription from October 08 to October 10, 2024, was oversubscribed 7.55 times. The issue price was set at Rs 95.00 per share, at the higher end of the price band of Rs 92-95 per share.

Garuda Construction and Engineering, based in Mumbai, is a civil construction company offering end-to-end solutions for residential, commercial, infrastructure, and industrial projects.