Ceigall India IPO
GMP, Subscription, Price, Dates & Financial Details
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,…
Open Date
Thu, 01 Aug 2024
Close Date
Mon, 05 Aug 2024
Price Band
₹ 380 – 401
Lot Size
37
Issue Size
₹ 1,252.66 Cr
Minimum Investment
₹ 14,837 (37 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Ceigall India IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹1,252.66 Crore, comprising a fresh issue of 1.71 Crore equity shares aggregating to ₹684.25 Crore and an offer for sale (OFS) of 1.42 Crore equity shares aggregating to ₹568.41 Crore by the existing shareholders.
The Ceigall India IPO remained open for subscription from August 01, 2024, to August 05, 2024. The basis of allotment was finalized on August 06, 2024, and the company's shares were listed on the NSE and BSE on August 07, 2024.
The company had fixed the price band at ₹380 to ₹401 per share, with a lot size of 37 shares. Retail investors were required to make a minimum investment of ₹14,837 (based on the upper price band) to apply for one lot.
The IPO also included a reservation of 55,096 equity shares for eligible employees, who received a discount of ₹38 per share.
MUFG Intime India Private Limited served as the registrar to the issue. IIFL Capital Services Limited, ICICI Securities Limited, and JM Financial Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Ceigall India Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Ceigall India IPO Timeline (Tentative)
- IPO Open Date
- Thu, 01 Aug 24
- IPO Close Date
- Mon, 05 Aug 24
- Basis of Allotment
- Tue, 06 Aug 24
- Initiation of Refunds
- Wed, 07 Aug 24
- Credit of Shares to Demat
- Wed, 07 Aug 24
- Listing Date
- Wed, 07 Aug 24 — NSE & BSE
Open Date
01 August 2024
Close Date
05 August 2024
Basis Of Allotment
06 August 2024
Listing Date
07 August 2024
IPO Subscription
Check Live Subscription →The Ceigall India IPO has received bids for 30,67,00,696 shares against 2,18,87,120 shares offered, resulting in an overall subscription of 14.01x. the NII category is subscribed 14.42x, Retail Investors 15.8x, Employees 11.64x, and QIBs 31.5x. Within the NII category, BNII is subscribed 3.77x, while SNII is subscribed 11.55x.
QIB
31.5x
NII
14.42x
BNII
3.77x
SNII
11.55x
RII
15.8x
EMP
11.64x
Total
14.01x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 1,09,16,012 shares, representing 34.94% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 62,37,721 shares (19.96%), while Non-Institutional Investors (NIIs) receive 46,78,291 shares (14.97%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 9,356,581 | 29.95% |
| Qualified Institutions | 6,237,721 | 19.96% |
| Non-Institutional | 4,678,291 | 14.97% |
| BNII | 3,118,861 | 9.98% |
| SNII | 1,559,430 | 4.99% |
| Retail Investors | 10,916,012 | 34.94% |
| Employees | 55,096 | 0.18% |
| Total | 31,243,701 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Ceigall India Limited KPI Information
| 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 |
Peers Comparison
No Peer Comparision Available
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.
Ceigall India Limited Address / Contact Details
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
Ceigall India IPO Lot Size
The Ceigall India IPO has a lot size of 37 shares. Retail investors require a minimum investment of ₹14,837 by applying for 1 lot (37 shares). The maximum application allowed for the retail category is 13 lots (481 shares), requiring an investment of ₹1,92,881.
| 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 |
Issue Reservation
- Anchor Investors — 29.95%
- QIB — 19.96%
- NII — 14.97%
- RII — 34.94%
- EMP — 0.18%
Book Running Lead Managers
- IIFL Capital Services Limited
- ICICI Securities Limited
- JM Financial Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Ceigall India 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.
When will the Ceigall India IPO open for subscription?
The Ceigall India IPO opens on Thu, Aug 1, 2024 and closes on Mon, Aug 5, 2024
What is Ceigall India IPO Price Band?
Ceigall India IPO Price Band is ₹380 to 401 per share.
What is Ceigall India IPO Lot Size?
Ceigall India IPO lot size is 37 shares, Retail investors need a minimum investment of ₹14837 based on the upper price band
What is the minimum investment for Ceigall India IPO?
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.
How to apply for Ceigall India IPO?
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.
What is Ceigall India IPO Issue Size?
Ceigall India IPO issue size is ₹1252.66 crores.
What is the Ceigall India IPO Allotment Date?
Ceigall India IPO allotment date is Tue, Aug 6, 2024.
Who is the Ceigall India IPO Registrar?
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.
What is the Ceigall India IPO GMP?
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 4.24% over the issue price.
Who is the Ceigall India IPO Lead Manager?
The book-running lead managers (BRLMs) for the Ceigall India IPO are IIFL Capital Services Limited, ICICI Securities Limited, and JM Financial Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Ceigall India IPO Red Herring Prospectus (RHP).