Garuda Construction & Engineering made a strong debut on October 15, listing at ₹105 per share, a 10.5% premium over its IPO price of ₹95 on the BSE.
The company’s IPO had a strong response, being subscribed 7.55 times over three days. Prior to the IPO launch, Garuda raised ₹75 crore from institutional investors on October 7 through its anchor book. Despite this positive start, the listing gains exceeded expectations, as the grey market had shown no premium for Garuda's shares before their market debut.