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Garuda Construction IPO opens for subscription today. Should you bid or skip?
The IPO of Garuda Construction and Engineering opens today, running until October 10. The company raised Rs 75 crore from anchor investors ahead of the launch. The IPO comprises a fresh equity sale worth Rs 173 crore and an OFS of Rs 90 crore. Allocation includes 50% for institutional buyers, 35% for retail, and 15% for non-institutional investors.