The Ceigall India IPO will open on August 1, 2024, and close on August 5, 2024. Ceigall India plans to raise approximately ₹1,252.66 crores through this IPO, which includes a fresh issue of ₹684.25 crores and an offer for sale of up to 1,41,74,840 equity shares, each priced at ₹5. The investor allocation is divided into 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net Worth Individuals (HNIs).
Founded in July 2002, Ceigall India is a leading infrastructure construction company specializing in complex structural projects such as elevated roads, flyovers, bridges, railway bridges, tunnels, highways, expressways, and runways. The company is known for its dedication to quality and rapid expansion. As of Fiscal Year 2023, it is recognized as one of 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 completed over 34 projects, including 16 EPC projects and one Hybrid Annuity Model (HAM) project in the roads and highways sector. The company is currently managing 15 ongoing projects, consisting of 11 EPC projects and four HAM projects, involving elevated corridors, bridges, flyovers, rail overbridges, tunnels, expressways, runways, and multi-lane highways. Additionally, Ceigall India undertakes operation and maintenance (O&M) responsibilities under EPC/HAM concession agreements, as well as independent O&M projects and subcontracting work.
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Ceigall India IPO Objectives:
The company intends to use the net proceeds from the IPO for the following purposes:
Acquisition of equipment.
Repayment or prepayment, either in full or in part, of certain borrowings taken by:
The Company
The Subsidiary, Ceigall Infra Projects Private Limited
Ceigall India IPO Review (Should You Apply?):
Review update coming 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 |
Ceigall India IPO Lot Size:
The minimum lot size for the Ceigall India IPO is 37 shares, with an application amount of ₹14,837. Retail investors can apply for a maximum of 13 lots, totaling 481 shares, with an application amount of ₹192,881.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 37 | ₹ 14,837 |
| Retail Maximum | 13 | 481 | ₹ 1,92,881 |
| 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. Share allotment will be finalized on August 6, with the IPO listing 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 current Grey Market Premium (GMP) for the Ceigall India IPO is ₹90. Given the price band of ₹401.00, the estimated listing price is ₹491, which is the cap price plus today’s GMP. This indicates an expected gain of approximately 22.44% per share.
Ceigall India Company Financial Report
| in crore | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹ 1,146.50 | ₹ 977.03 | ₹ 125.86 |
| 2023 | ₹ 2,087.04 | ₹ 1,861.85 | ₹ 167.27 |
| 2024 | ₹ 3,066.19 | ₹ 2,660.83 | ₹ 304.31 |
Ceigall India IPO Valuation – FY2024
Review the detailed valuation metrics for the Ceigall India IPO, including Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
| 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
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/
Check Ceigall India IPO Allotment Status
You can check the allotment status for the Ceigall India IPO on the Link Intime website. Click Here
Ceigall India IPO Lead Managers (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
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.
What is the price band for the Ceigall India IPO?
The price band for the IPO is ₹401 per share.
What is the minimum market lot for the Ceigall India IPO?
The minimum market lot is 37 shares, requiring an application amount of ₹14,837.
How many lots can retail investors apply for in the Ceigall India IPO?
Retail investors can apply for up to 13 lots, totaling 481 shares, with an application amount of ₹1,92,881.
How much does Ceigall India aim to raise through this IPO?
Ceigall India aims to raise approximately ₹1,252.66 crores through the IPO.
What is the structure of the IPO?
The IPO includes a fresh issue of ₹684.25 crores and an offer for sale of up to 1,41,74,840 equity shares.
When will the share allotment for the Ceigall IPO be finalized?
The share allotment will be finalized on August 6, 2024.
