Garuda Construction and Engineering IPO

Garuda Construction and Engineering is a company that is involved in end-to-end civil construction for residential, commercial, residential-cum-commercial, infrastructure, and industrial projects, besides services for infrastructure and hospitality projects. Civil construction includes the construction of residential, hospitality, industrial, infrastructural, and commercial buildings; the construction of concrete building structures; and composite steel structures required for civil construction. The company also has a presence in sectors related to civil construction-cum-services. Garuda Construction and Engineering procures the construction of concrete building structures and composite steel structures from underlying subcontractors as per specified designs that may be mandated by overlying developers or by Garuda Engineering’s engineering teams. Garuda Construction and Engineering has largely been an in-house construction company for its promoter group and group-related entities, where the group entities and corporate promoters bid for third-party civil contracts as developers (private sector and government) and subcontract the construction work to Garuda Construction as a contractual service.;