Ceigall India IPO Details: The Ceigall India IPO is set to open on August 1, 2024, and will close on August 5, 2024. Through this IPO, Ceigall India aims to raise approximately ₹1,252.66 crores. This amount includes a fresh issue of ₹684.25 crores and an offer for sale of up to 1,41,74,840 equity shares, each valued at ₹5. The allocation for investors is structured with a 35% retail quota, a 50% quota for Qualified Institutional Buyers (QIB), and a 15% quota for High Net Worth Individuals (HNI).
Established in July 2002, Ceigall India is a prominent infrastructure construction company known for its expertise in specialized structural projects, including elevated roads, flyovers, bridges, railway bridges, tunnels, highways, expressways, and runways. The company is recognized for its commitment to quality and rapid growth. As of Fiscal Year 2023, it ranks among the fastest-growing engineering, procurement, and construction (EPC) companies, with a three-year revenue compound annual growth rate (CAGR) among companies with a turnover exceeding ₹10,000 million.
Ceigall India has successfully completed over 34 projects, which include 16 EPC projects and one Hybrid Annuity Model (HAM) project in the roads and highways sector. Currently, the company is working on 15 projects, comprising 11 EPC projects and four HAM projects. These include elevated corridors, bridges, flyovers, rail overbridges, tunnels, expressways, runways, and multi-lane highways. In addition to fulfilling operation and maintenance (O&M) obligations under EPC/HAM concession agreements, Ceigall India has independently taken on O&M projects and subcontracting work.
Ceigall India IPO Objectives:
The company proposes to utilize the Net Proceeds towards funding the following objects (collectively, the “Objects”):
1. Purchase of equipment;
2. Repayment/ prepayment, in full or in part, of certain borrowings availed by:
- The Company; and
- The Subsidiary, Ceigall Infra Projects Private Limited
Ceigall India IPO Review (Apply or Not)
- Update soon
Ceigall India IPO Date & Price Band Details:
| IPO Open: | August 1, 2024 |
| IPO Close: | August 5,2024 |
| IPO Size: | Approx ₹1252.66 Crores, 31,238,480 shares |
| Fresh Issue: | Approx ₹684.25 Crores, 17,063,640 shares |
| Offer for Sale: | Approx ₹568.41 Crores, 14,174,840 shares |
| Face Value: | ₹5 Per Equity Share |
| IPO Price Band: | ₹380 to ₹401 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Ceigall India IPO Lot Size:
The minimum market lot for the Ceigall India IPO consists of 37 shares, requiring an application amount of ₹14,837. Retail investors have the opportunity to apply for up to 13 lots, which totals [.] shares or ₹[.] in application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 37 | ₹14,837 |
| Retail Maximum | 13 | – | ₹- |
| S-HNI Minimum | 14 | – | ₹- |
| B-HNI Minimum | 68 | – | ₹- |
Ceigall India IPO Timeline:
The Ceigall India IPO will open on August 1 and close on August 5. The allotment of shares will be finalized on August 6, with the listing of the IPO scheduled for August 8.
| IPO Open Date: | August 1, 2024 |
| IPO Close Date: | August 5, 2024 |
| Basis of Allotment: | August 6, 2024 |
| Refunds: | August 7, 2024 |
| Credit to Demat Account: | August 7, 2024 |
| IPO Listing Date: | August 8, 2024 |
Ceigall India IPO GMP Today:
The latest Grey Market Premium (GMP) for Ceigall India IPO is ₹90. With a price band of ₹401.00, the estimated listing price is ₹491, calculated as the cap price plus today’s GMP. This reflects an expected percentage gain per share of 22.44%.
Ceigall India Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹1146.50 | ₹977.03 | ₹125.86 |
| 2023 | ₹2087.04 | ₹1861.85 | ₹167.27 |
| 2024 | ₹3066.19 | ₹2660.83 | ₹304.31 |
Ceigall India IPO Valuation – FY2024
Check Ceigall India IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹19.37 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 33.57% |
| Net Asset Value (NAV): | ₹57.68 per Equity Share |
Peer Group
- PNC Infratech Limited
- G R Infraprojects Limited
- H.G. Infra Engineering Limited
- KNR Constructions Limited
- ITD Cementation India Limited
- J Kumar Infraprojects Limited
Company Promoters
- Ramneek Sehgal
- Ramneek Sehgal
- Sons HUF and RS Family Trust
Ceigall India IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: Signatureglobal.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Ceigall India IPO Allotment Status Check
Check Ceigall India IPO allotment status on Linkintime website allotment URL. Click Here
Ceigall India IPO Lead Managers aka Merchant Bankers
- ICICI Securities Limited
- IIFL Securities Limited
- JM Financial Limited
Company Address
Ceigall India Limited
A-898, Tagore Nagar,
Ludhiana 141 001, Punjab, India
Phone: +91 161 4623666
Email: secretarial@ceigall.com
Website: www.ceigall.com
Ceigall India IPO FAQs
1. What are the Ceigall India IPO opening and closing dates?
The Ceigall India IPO will open on August 1, 2024, and close on August 5, 2024.
2. What is the price band for the Ceigall India IPO?
The price band for the Ceigall India IPO is ₹401 per share.
3. What is the minimum market lot for the Ceigall India IPO?
The minimum market lot is 37 shares, which requires an application amount of ₹14,837.
4. How many lots can retail investors apply for in the Ceigall India IPO?
Retail investors can apply for up to 13 lots, which totals 481 shares or ₹1,92,881.
5. How much does Ceigall India aim to raise through this IPO?
Ceigall India aims to raise approximately ₹1,252.66 crores through the IPO.
6. What is the structure of the IPO?
The IPO comprises a fresh issue of ₹684.25 crores and an offer for sale of up to 1,41,74,840 equity shares.
7. When will the share allotment for the Ceigall India IPO be finalized?
The share allotment will be finalized on August 6, 2024.
8. When is the expected listing date for the Ceigall India IPO?
The IPO is expected to be listed on August 8, 2024.
9. What is the latest Grey Market Premium (GMP) for the Ceigall India IPO?
As of July 29, 2024, the latest GMP is ₹90.
10. What is the estimated listing price based on the current GMP?
Based on the current GMP, the estimated listing price is ₹491.
11. What is the expected percentage gain or loss per share?
The expected percentage gain per share is approximately 22.44%.
12. What is the allocation structure for the IPO?
The allocation structure is as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net Worth Individuals (HNI).
13. What is the business focus of Ceigall India?
Ceigall India is an infrastructure construction company specializing in projects such as elevated roads, flyovers, bridges, railway bridges, tunnels, highways, expressways, and runways.
14. How many projects has Ceigall India completed?
The company has completed over 34 projects, including 16 EPC projects and one HAM project.
15. How many ongoing projects does Ceigall India currently have?
Ceigall India currently has 15 ongoing projects, including 11 EPC projects and four HAM projects.
