Ceigall India IPO (Ceigall India Limited IPO)
Ceigall India IPO open for bidding on 1st August 2024 and ends on 5th August 2024.
Founded in 2002, Ceigall India Limited is a leader in infrastructure construction, specializing in elevated roads, flyovers, bridges, railway overpasses, tunnels, highways, expressways, and runways. By July 2024, they completed 34 road and highway projects and are working on 18 ongoing projects. They have achieved 1,488.17 lane kilometers of ongoing projects and completed 2,158.72 lane kilometers of O&M projects.
Recognized with awards like the “Gold Award” at the National Highways Excellence Award 2020 and the “Special Award” in 2021, Ceigall India’s Order Book as of June 30, 2024, is ₹94,708.42 million.
Future plans include expanding their project portfolio, enhancing technological capabilities, and entering new geographic markets.
For more details refer to Ceigall India IPO RHP and Ceigall India IPO Pulse Score
Ceigall India IPO Details
| IPO Date | 1st August 2024 to 5th August 2024 |
| Listing Date | 8th August 2024 |
| Face Value | ₹5 per share |
| Price Band | ₹380 to ₹401 per share |
| Lot Size | 37 Shares |
| Total Issue Size | 3,16,70,244 shares (aggregating up to ₹1,252.66 Cr) |
| Fresh Issue | 1,74,95,404 shares (aggregating up to ₹684.25 Cr) |
| Offer for Sale | 1,41,74,840 shares of ₹5 (aggregating up to ₹568.41 Cr) |
| Employee Discount | ₹38 per Share |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 93,56,581(29.5%) |
| QIB | 61,90,764(19.5%) |
| NII | 48,19,326(15.2%) |
| bNII | 32,12,884(10.1%) |
| sNII | 16,06,442(5.1%) |
| Retail | 1,12,45,094(35.5%) |
| Employees | 58,479(0.2%) |
| Total | 3,16,70,244(100%) |
Ceigall India IPO Timeline
| IPO Open | 1st August 2024 |
| IPO Close | 5th August 2024 |
| Basis Of Allotment | 6th August 2024 |
| Initiation of Refunds | 7th August 2024 |
| Credit of Shares to Demat | 7th August 2024 |
| Listing Date | 8th August 2024 |
Fundamentals
Data as of 31st March 2024
| Market Cap | ₹ 6,985.41 Cr | P/E Ratio- Pre IPO | 20.67 |
| RoNW | 33.57% | P/E Ratio- Post IPO | 22.91 |
| RoCE | 31.98% | P/B Ratio | 6.95 |
| Debt to Equity | 1.17 | PAT Margin% | 10.05% |
Ceigall India IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of the following objects:
- Purchase of equipment;
- Repayment/ prepayment, in full or in part, of certain borrowings availed by the company and the Subsidiary, Ceigall Infra Projects Private Limited.
- General Corporate Purposes.
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