Put dates in your calendars! The dates of the Ceigall India IPO are August 1, 2024, and August 5, 2024. With a new issue of ₹684.25 crores and an offer to sell up to 14,174,840 equity shares at ₹5, the business hopes to raise about ₹1,252.66 crores. Retail quota is 35 percent; QIB is 50 percent; and HNI is 15 percent.
Known for its proficiency in constructing elevated roadways, flyovers, bridges, tunnels, highways, expressways, and runways, Ceigall India was founded in July 2002. With a three-year revenue CAGR as of Fiscal 2023, Ceigall India is acknowledged as one of the fastest-growing EPC businesses. The company has completed over 34 projects, comprising 16 EPC and one HAM project. There are fifteen active projects that the organization is working on right now, ranging from multi-lane highways and expressways to elevated corridors and bridges. Ceigall India also has experience subcontracting projects and operates and maintains (O&M) projects in accordance with its EPC/HAM concession agreements.
Table of Contents
Goals of the Problem
- Purchasing Equipment
- Repayment/Prepayment of Debt for General Corporate Purposes of the Company and Its Subsidiary, CIPPL
Evaluation of the IPO and Brokerage Views
Brokerage companies such as Capital Market, Religare Broking, Hem Securities, and Arihant Capital will soon provide reviews.
Information about the IPO
- Open Date: August 1, 2024
- Close Date: August 5, 2024
- IPO Size: Approx. ₹1,252.66 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
- Price Band: ₹380 to ₹401 Per Share
- Listing: BSE & NSE
- Retail Quota: 35%
- QIB Quota: 50%
- NII Quota: 15%
Specifics of the Market Lot and Application
- Minimum Market Lot: 37 shares with an application amount of ₹14,837
- Retail Investors: Up to 13 lots
- S-HNI Minimum: 14 lots
- B-HNI Minimum: 68 lots
Important Dates
- Basis of Allotment: August 6, 2024
- Refunds: August 7, 2024
- Credit to Demat Account: August 7, 2024
- IPO Listing Date: August 8, 2024
You can download IPO forms from the websites of the NSE and BSE, or you can apply for the Ceigall India IPO using ASBA in your bank account.
Financial Performance
- 2022: Revenue: ₹1,146.50 Crores | Expense: ₹977.03 Crores | PAT: ₹125.86 Crores
- 2023: Revenue: ₹2,087.04 Crores | Expense: ₹1,861.85 Crores | PAT: ₹167.27 Crores
- 2024: Revenue: ₹3,066.19 Crores | Expense: ₹2,660.83 Crores | PAT: ₹304.31 Crores
Valuation (FY2024)
- EPS: ₹19.37 per Equity Share
- RoNW: 33.57%
- 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
- Sons HUF and RS Family Trust
Contact Information
Registrar: Link Intime India Private Ltd | Phone: +91-22-4918 6270 | Email: Signatureglobal.ipo@linkintime.co.in
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
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