Garuda Construction and Engineering IPO opens for subscription. Should you bid or skip?

Garuda Construction and Engineering Limited IPO: Garuda Construction and Engineering launched its IPO today, closing on October 10, offering a fresh equity sale and OFS. The price band is set at Rs 92-95 per share with a minimum bid of 157 shares. Analysts recommend subscribing for listing gains, citing a strong order book and asset-light model.