Garuda Construction IPO sails through on Day 1 on strong retail demand. Check GMP, other details

Garuda Construction and Engineering's IPO has successfully subscribed on its first day, driven by retail investors who oversubscribed their portion by 173%. The IPO includes a fresh equity sale of Rs 173 crore and an OFS of Rs 90 crore. Analysts recommend subscribing due to the company's robust order book and asset-light business model.