Ceigall India was incorporated in July 2002, and it is an infrastructure construction company with experience in undertaking specialized structural work such as elevated roads, flyovers, bridges, railway bridges, tunnels, highways, expressways, and runways It has a reputation for delivering quality projects. They are one of the fastest growing engineering, procurement, and construction (“EPC”) company in terms of three-year revenue CAGR as of Fiscal 2023, among the companies with a turnover of over ₹ 10,000 million in Fiscal 2023.
The company has completed over 34 projects, including 16 EPC and one HAM project, in the roads and highways sector. Currently, the Company has 15 ongoing projects, including 11 EPC projects and four HAM projects which include elevated corridors, bridges, flyovers, rail overbridges, tunnels, expressways, runways, and multi-lane highways. In addition to undertaking operation and maintenance (“O&M”) activities by their contractual obligations under the EPC/HAM concession agreements, they have also undertaken independent O&M projects. Further, they have also undertaken sub-contracting projects in the past.
Objects of the Issue
- Purchase of equipment
- Repayment/ prepayment, in full or in part, of certain borrowings availed by our Company and our Subsidiary, CIPPL
- General corporate purposes
Ceigall India IPO Review (Apply or Not)
- May Apply
Brokerage Firm IPO Review
- Dilip Davda: May apply
- Reliance Securities: Apply
- SBICAP Securities Limited: May apply
- Swastika Investmart Ltd: May apply
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 |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Anchor Investors List: | Click Here |
Ceigall India IPO Market Lot
The Ceigall India IPO minimum market lot is 37 shares with ₹14,837 application amount. The retail investors can apply up-to 13 lots with [.] shares or ₹[.] amount.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 37 | ₹14,837 |
Retail Maximum | 13 | – | ₹- |
S-HNI Minimum | 14 | – | ₹- |
B-HNI Minimum | 68 | – | ₹- |
Ceigall India IPO Allotment & Listing Dates
The Ceigall India IPO date is August 1 and the close date is August 5. The Ceigall India IPO allotment will be finalized on August 6 and the IPO listing on 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 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Ceigall India IPO Form
How to apply for the Ceigall India IPO? You can apply for Ceigall India IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Ceigall India IPO in the Invest section. The other option is you can apply for Ceigall India IPO via IPO forms downloaded via NSE and BSE. Check out the Ceigall India forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
Ceigall India Company Financial Report
₹ in Crores | |||
Year | Revenue | Expense | PAT |
2022 | ₹1146.50 | ₹977.03 | ₹125.86 |
2023 | ₹2087.04 | ₹1861.85 | ₹167.27 |
2024 | ₹3066.19 | ₹2660.83 | ₹304.31 |
Ceigall India IPO Valuation – FY2024
Check Ceigall India IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
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
- Ramneek Sehgal
- Sons HUF and RS Family Trust
Ceigall India IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/
Ceigall India IPO Allotment Status Check
Check Ceigall India IPO allotment status on Linkintime website allotment URL. Click Here
Ceigall India IPO Lead Managers aka 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: [email protected]
Website: www.ceigall.com
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Note: The Ceigall India IPO price band and date are officially announced yet. The IPO grey market premium (Ceigall India IPO Premium) will be added to the IPO grey market page as it will start).