Ceigall India Limited IPO

Ceigall India Limited IPO  opens on August 1, 2024, and closes on August 5, 2024. The allotment for the Ceigall India IPO   is anticipated to be completed on Tuesday, August 6, 2024. The IPO will be listed on the BSE and NSE, with a tentative date set for Thursday, August 8,2024.

The price band for the Ceigall India IPO is set at Rs 380 to Rs 401 per share. The IPO is a book-built issue of Rs 1,252.66 crores, entirely a fresh issue of 1.71 crores shares.

Ceigall India IPO Details

Ceigall India IPO Promoter Holding

Ceigall India IPO Objectives

The objectives of the Issue are:

1.  Purchase of equipment;
2. Repayment/ prepayment, in full or in part, of certain borrowings availed by

About Ceigall India Limited

Ceigall India Limited, established in 2002, is a company that focuses on building infrastructure. They have a lot of experience with special structural projects such as elevated roads, flyovers, bridges, railway overpasses, tunnels, highways, expressways, and runways.

By July 2024, Ceigall India Limited had successfully completed more than 34 road and highway projects. These included 16 EPC projects, one HAM project, five O&M projects, and 12 Item Rate Projects.

Currently, the company is working on 18 projects. These consist of 13 EPC projects and five HAM projects, which include elevated corridors, bridges, flyovers, rail over-bridges, tunnels, expressways, runways, metro projects, and multi-lane highways.

As of March 31, 2024, Ceigall India Limited has ongoing projects covering 1,488.17 lane kilometers and has completed O&M projects totaling 2,158.72 lane kilometers.

The company excels in the construction, development, and implementation of major multi-lane highway projects with various specialized structures across different states.

Ceigall India Limited Financial Information

Ceigall India Limited’s revenue increased by 46.92% and profit after tax (PAT) rose by 81.81% between the financial year ending with March 31, 2024 and March 31, 2023.

Ceigall India IPO Reservation

Ceigall India IPO Timeline

Ceigall India IPO opens on August 1, 2024, and closes on August 5, 2024.

Conclusion

The Ceigall India Limited IPO, set to open on August 1, 2024, and close on August 5, 2024, presents a compelling investment opportunity in the infrastructure sector. With a price band of Rs 380 to Rs 401 per share and an issue size of Rs 1,252.66 crores, this IPO aims to fund the purchase of equipment and repay certain borrowings. Ceigall India’s robust track record, encompassing over 34 completed road and highway projects and 18 ongoing projects, highlights its expertise and commitment to large-scale infrastructure development. With a substantial increase in revenue and profit in the last fiscal year, this IPO is a significant step in the company’s growth trajectory, offering investors a stake in a proven and expanding enterprise.