Ceigall India IPO
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 1 Aug 24 – 5 Aug 24 | ₹14,060 | 37 | ₹380 – ₹401 |
Issue Size | IPO Doc |
|---|---|
| 1252.66Cr | RHP PDF |
About Ceigall India Limited
| Founded in | 2002 |
| Managing director | Mr. Ramneek Sehgal |
| Parent organisation | Ceigall India Ltd |
Ceigall India Limited is a company specializing in building infrastructure such as elevated roads, flyovers, bridges, railway over-bridges, tunnels, highways, expressways, and runways. They handle every part of a project, from design and engineering to sourcing materials and execution, either directly or through joint ventures.
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Founded in 2002, the company has completed over 34 road and highway projects by July 2024, with ongoing work on 18 projects including elevated corridors, bridges, and metro projects across various states in India. They have a strong record in highway construction and have won awards for their projects, including a Gold Award in 2020 and a Special Award in 2021.
IPO Details
Ceigall India Limited is launching an IPO to raise ₹1,252.66 crores. This includes issuing 1.71 crore new shares worth ₹684.25 crores and selling 1.42 crore existing shares worth ₹568.41 crores.
The IPO will open for subscription on August 1, 2024, and close on August 5, 2024.
The price range is set at ₹380 to ₹401 per share.
Retail investors can apply in lots of 37 shares for a minimum investment of ₹14,837. For sNII (Small and Non-Institutional Investors), the minimum investment is ₹207,718 for 518 shares, and for bNII (Big and Non-Institutional Investors), it’s ₹1,008,916 for 2,516 shares.
Employees have a special reservation of up to 55,096 shares at a ₹38 discount.
Shares will be listed on BSE and NSE with a tentative date of August 8, 2024.
ICICI Securities Limited, IIFL Securities Ltd, and JM Financial Limited are managing the IPO, with Link Intime India Private Ltd as the registrar. For more details, refer to the Ceigall India IPO RHP.
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Financial Information
Ceigall India Limited shared a 46.92% increase in revenue and an 81.81% rise in profit after tax (PAT) from the financial year ending March 31, 2023, to the financial year ending March 31, 2024.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 2,592.19 | 1,827.82 | 959.14 |
| Revenue | 3,066.19 | 2,087.04 | 1,146.50 |
| Profit After Tax | 304.91 | 167.70 | 126.43 |
| Net Worth | 906.41 | 593.06 | 431.25 |
| Total Borrowing | 1,811.02 | 1,252.58 | 652.12 |
| Amount in ₹ Crore | |||
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IPO Timeline
Ceigall India IPO opens on August 1, 2024, and closes on August 5, 2024.
| IPO Open Date | Thursday, August 1, 2024 |
| IPO Close Date | Monday, August 5, 2024 |
| Basis of Allotment | Tuesday, August 6, 2024 |
| Initiation of Refunds | Wednesday, August 7, 2024 |
| Credit of Shares to Demat | Wednesday, August 7, 2024 |
| Listing Date | Thursday, August 8, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 5, 2024 |
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IPO FAQs
Ceigall India Limited is an infrastructure construction company specializing in projects like elevated roads, flyovers, bridges, railway over-bridges, tunnels, highways, expressways, and runways.
The IPO is a book-built issue with a total size of ₹1,252.66 crores. This includes a fresh issue of 1.71 crore shares worth ₹684.25 crores and an offer for sale of 1.42 crore shares worth ₹568.41 crores.
The IPO will open for subscription on August 1, 2024, and will close on August 5, 2024.
Ceigall India Limited expects to list its shares on BSE and NSE on August 8, 2024.
The IPO sets the price band between ₹380 and ₹401 per share.
Retail investors need to invest a minimum of ₹14,837 for a lot of 37 shares.
Yes, the IPO reserves up to 55,096 shares for employees, who can purchase them at a discount of ₹38 per share.
ICICI Securities Limited, IIFL Securities Ltd, and JM Financial Limited are managing the IPO as the book-running lead managers.
Link Intime India Private Ltd will serve as the registrar for the Ceigall India Limited IPO.
