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
| IPO Date | August 1, 2024 to August 5, 2024 |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price | ₹380 to ₹401 per share |
| Lot Size | |
| Total Issue Size | 31,238,480 shares (aggregating up to ₹1,252.66 Cr) |
| Fresh Issue | 17,063,640 shares (aggregating up to ₹684.25 Cr) |
| Offer for sale | 14,174,840 shares of ₹5 (aggregating up to ₹568.41 Cr) |
| Employee Discount | Rs 38 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Shareholding pre-issue | 157,136,000 |
| Shareholding post-issue | 174,199,640 |
Ceigall India IPO Promoter Holding
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue |
Ceigall India IPO Objectives
The objectives of the Issue are:
- Purchase of equipment;
- 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.
| 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 |
Ceigall India IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Ceigall India 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 |
| A 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 |
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.
