Garuda Construction IPO subscribed 4.1 times on Day 2 of offer

Garuda Construction's IPO saw strong demand with a subscription of 4.10 times by the second day, raising Rs 75 crore from anchor investors. Retail investors' portion was subscribed 6.73 times. The IPO, with a price band of Rs 92-95 per share, aims to raise Rs 264 crore for working capital and corporate purposes.