Ceigall India IPO
Open MainLineCurrent GMP
₹17 (+4.24%)
Price Band
₹ 380 – 401
Lot Size
37
Issue Size
₹1252.66 Cr
Minimum Investment
₹14837 (37 Shares)
Listing Date
07 August 2024
Subscription
13.78x
About the Company
Ceigall India Limited, an infrastructure construction firm established in July 2002, is preparing to go public with its IPO on August 1, 2024, and will accept subscriptions until August 5, 2024. The company, which specializes in elevated roads, flyovers, bridges, tunnels, highways, and runways, brings over 20 years of expertise in engineering, procurement, and construction (EPC).
Ceigall operates through two primary divisions: EPC projects and hybrid annuity model (HAM) projects. To date, the company has successfully completed more than 34 projects, including 12 item rate projects, 1 HAM project, 5 O&M (Operation and Maintenance) projects, and 16 EPC projects. Currently, Ceigall is engaged in 18 active projects across various states in India.
Recent notable projects include the road widening initiative in Punjab, the Kartarpur-Sahib Project, and the Delhi-Saharanpur Project. The company has earned recognition with the “Gold Award” at the National Highways Excellence Awards 2020 and the “Special Award” in 2021.
Promoters
Ceigall India Limited Promoters
- Ramneek Sehgal
- Ramneek Sehgal
- Sons HUF
- RS Family Trust
Promoters Holding
Holding Pre Issue
99.99%
Holding Post Issue
82.06%
Objects of the Issue
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Purchase of equipment.
- Repayment or prepayment, in full or in part, of certain borrowings availed by:
- the Company.
- its Subsidiary, Ceigall Infra Projects Private Limited.
- General corporate purposes.
Address / Contact Info
Ceigall India Limited
A-898,Tagore Nagar
Ludhiana - 141 001
Phone: +91 161 4623666
Email: secretarial@ceigall.com
Website: https://www.ceigall.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 01 August 2024
IPO Close Date
Monday, 05 August 2024
Basis of Allotment
Tuesday, 06 August 2024
Initiation of Refunds
Wednesday, 07 August 2024
Credit of Shares to Demat
Wednesday, 07 August 2024
Listing Date
Wednesday, 07 August 2024 — NSE & BSE
Important Dates
Open Date
01 August 2024
Close Date
05 August 2024
Basis Of Allotment
06 August 2024
Listing Date
07 August 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 24 | 31 Mar 23 | 31 Mar 22 |
|---|---|---|---|
| Assets | 2592.19 | 1827.82 | 959.14 |
| Revenue | 3066.19 | 2087.04 | 1146.5 |
| Profit After Tax | 304.91 | 167.7 | 126.43 |
| Net Worth | 906.41 | 593.06 | 431.25 |
| Reserve & Surplus | 0 | 0 | 0 |
| Total Borrowings | 1811.02 | 1252.58 | 652.12 |
EPS Pre
19.40%
EPS Post
17.50%
P/E Pre
20.67
P/E (Post Issue)
22.91x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | The market capitalization of Ceigall India IPO is Rs 6985.41 Cr. |
|---|---|
| ROE % | 33.57 |
| ROCE % | 31.98 |
| Debt / Equity | 1.17 |
| RoNW % | 33.57 |
| PbW | 6.95 |
| Pat Margin % | 10.05 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 9356581 | 29.95 | 0 |
| Qualified Institutions | 6237721 | 19.96 | 0 |
| Non-Institutional | 4678291 | 14.97 | 0 |
| BNII | 3118861 | 9.98 | 6020 |
| SNII | 1559430 | 4.99 | 3010 |
| Retail Investors | 10916012 | 34.94 | 295027 |
| Employees | 55096 | 0.18 | 0 |
| Total | 31243701 | 100 | 0 |
Subscription Status ( Sat, 17 Aug 24 05:23 AM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 6190764 | 194982267 | 31.5x |
| Non-Institutional | 4819326 | 69471200 | 14.42x |
| BNII | 11245094 | 42345871 | 3.77x |
| SNII | 58479 | 675657 | 11.55x |
| Retail Investors | 3212884 | 50776728 | 15.8x |
| Employees | 1606442 | 18694472 | 11.64x |
| Total | 21887120 | 306700696 | 14.01x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 37 | 14,837.00 |
| Retail (Max) | 13 | 481 | 192,881.00 |
| S-HNI (Min) | 14 | 518 | 207,718.00 |
| S-HNI (Max) | 67 | 2,479 | 994,079.00 |
| B-HNI (Min) | 68 | 2,516 | 1,008,916.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- IIFL Capital Services Limited
- ICICI Securities Limited
- JM Financial Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Ceigall India IPO is a Book-building IPO worth ₹1252.66 crores. The price band is ₹380 to 401 per share. The IPO opens on Thu, Aug 1, 2024 and closes on Mon, Aug 5, 2024. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Ceigall India IPO opens on Thu, Aug 1, 2024 and closes on Mon, Aug 5, 2024
Ceigall India IPO Price Band is ₹380 to 401.
Ceigall India IPO lot size is 37, and the minimum amount required for application is ₹14837.
The minimum investment for Ceigall India IPO is approximately ₹14837 based on the upper price band.
To apply for the Ceigall India IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Aug 5, 2024. After submission, funds are blocked until the basis of allotment of Ceigall India IPO is finalised.
Ceigall India IPO issue size is ₹1252.66 crores.
Ceigall India IPO allotment date is Sat, Jun 27, 2026.
The registrar for Ceigall India IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Ceigall India IPO through their official website or helpline.
The Ceigall India IPO GMP (Grey Market Premium) is ₹17 as of Thu, Aug 8, 2024. Based on the upper price band of ₹401 per share, the estimated Ceigall India IPO listing price is ₹418, indicating a potential listing gain of approximately 31% over the issue price.