Ceigall India IPO Details
The Ceigall India IPO is a book build issue with a total issue size of ₹1252.66 cr, comprising of fresh issue of 17063640 equity shares., and a offer for sale of 14174840 equity shares. Ceigall India IPO opened for subscription on Aug 01, 2024 and closed on Aug 05, 2024. Ceigall India IPO is set price band at ₹380 to ₹401 per share, with a lot size of 37 shares. Minimum investment for Retail investors was ₹14,837.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Aug 06, 2024, and listed on both the NSE and BSE on Aug 07, 2024.
MUFG Intime India Private Limited has been appointed as the registrar. IIFL Capital Services Limited, ICICI Securities Limited and JM Financial Limited are the Book Running Lead Manager for the issue.
Before investing in the Ceigall India IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 380 – 401
- Lot Size
- 37
- Issue Size
- ₹1252.66 Cr
- Minimum Investment
- ₹14837 (37 Shares)
- Listing Date
- 07 August 2024
Current GMP
₹17 (+4.24%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Ceigall India Limited
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.
Ceigall India IPO 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%
Ceigall India IPO Objective
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
Book Running Lead Managers
- IIFL Capital Services Limited
- ICICI Securities Limited
- JM Financial Limited
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 with a total issue size of ₹1252.66 crore. The Ceigall India IPO price band is ₹380 to 401 per share. The Ceigall India IPO subscription opens on Thu, Aug 1, 2024, and closes on Mon, Aug 5, 2024. The Ceigall India IPO will be listed on the NSE,BSE. MUFG Intime India Private Limited is the registrar for the Ceigall India IPO.
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 per share.
Ceigall India IPO lot size is 37 shares, Retail investors need a minimum investment of ₹14837 based on the upper price band
The minimum investment for Ceigall India IPO is ₹14837, based on one lot of 37 shares at the upper price band of ₹401 per share.
Investors can apply for the Ceigall India IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Aug 5, 2024. The application amount remains blocked until the Ceigall India IPO allotment is finalized.
Ceigall India IPO issue size is ₹1252.66 crores.
Ceigall India IPO allotment date is Wed, Jul 1, 2026.
The registrar for Ceigall India IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Ceigall India IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.