Ceigall India IPO announcement: Ceigall India Limited is a road & infrastructure construction company, that construct highway, bridges, railway & metro projects. The company has announced its IPO (Initial Public Offer). Which is open on August 1, 2024 and will close on August 5, 2024. Which will list on August 8, 2024. The size of Ceigall India IPO is ₹1,252.66 crore of 3.1 crore shares and the face value of each share is ₹5. The offer for sale for 1.4 crore shares is worth ₹568.41 crore and the fresh issue for 1.7 crore shares is ₹684.25 crore.
Table of Contents
Ceigall India Limited IPO (Ceigall India IPO) Detail
| IPO Date | August 1, 2024, to August 5, 2024 |
| Listing Date | August 8, 2024 |
| Face Value | ₹5 per share |
| Price Band | ₹380 to ₹401 per share |
| Lot Size | TBA |
| Total Issue Size | 31,238,480 shares of face value of ₹ 5 each (aggregating up to ₹1,252.66 Cr) |
| Fresh Issue | 17,063,640 shares of face value of ₹ 5 each (aggregating up to ₹684.25 Cr) |
| Offer for Sale | 14,174,840 shares of face value of ₹ 5 each (aggregating up to ₹568.41 Cr) |
| Employee Discount | ₹38 per share |
| Issue Type | Book Built Issue IPO |
| DRHP | Download |
| Listing At | BSE, NSE |
| Share holding pre issue | 157,136,000 |
| Share holding post issue | 174,199,640 |
Ceigall India IPO Important Dates
| IPO Open Date | Thursday, August 1, 2024 |
| IPO Close Date | Monday, August 5, 2024 |
| Basis of Allotment | Tuesday, August 6, 2024 |
| Initiation of Refunds | Wednesday, August 7, 2024 |
| Credit of Shares to Demat | Wednesday, August 7, 2024 |
| Listing Date | Thursday, August 8, 2024 |
Ceigall IPO GMP (Grey market Premium): Today Update
The latest Grey Market Premium (GPM) for Ceigall IPO has given bellow
| GMP Date | IPO Price | GMP Price |
| July 30, 2024 | ₹380 to ₹401 | ₹275 |
| July 29, 2024 | ₹380 to ₹401 | ₹280 |
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Ceigall IPO Promoter Holding Pattern
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue |
Ceigall IPO Lot Size and Category
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 37 | ₹14,837 |
| Retail (Max) | 13 | 481 | ₹192,881 |
| S-HNI (Min) | 14 | 518 | ₹207,718 |
| S-HNI (Max) | 67 | 2,479 | ₹994,079 |
| B-HNI (Min) | 68 | 2,516 | ₹1,008,916 |
Investor Category and Share (IPO Reservation Quota)
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
Ceigall India Ltd’s Financial Statements
This is the last 3 years financial statements of Ceigall India Limited. The table shows all the financial data including Revenue, cash flow and debt are increased in last three years comparatively. The percentage increase in revenue is 46.9% compare to last years.
| Particular | FY24 | FY23 | FY22 |
| Assets | ₹25.92 crore | ₹18.28 | ₹9.60 crore |
| Revenue(Gross) | ₹30.66 crore | ₹20.87 | ₹11.46 crore |
| Profit After Tax (PAT) | ₹3.04 crore | ₹1.68 | ₹1.26 crore |
| Net Worth | ₹9.06 crore | ₹5.93 crore | ₹4.31 crore |
| Total Debt | ₹18.11 crore | ₹12.52 crore | ₹6.52 crore |
Ceigall IPO Review
The company involve in governments mega-projects & structural works such elevated corridors, bridges, flyovers, rail over-bridges, tunnels, expressways, runways, metro projects, and multi-lane highways.
Ceigall India Limited Company Overview
Ceigall India Limited is an infrastructure construction company Ceigall works with NHAI, MoRTH, State Public Works Department (PWD) structural projects including flyovers, bridges, railway over bridges, tunnels, highways, expressways, and runways. Ceigall India Ltdwas Founded in 2002 by Ramneek Sehgal, who is of Managing Director of Company. The company’s registered office is in Ludhiana, Punjab, and the corporate office is located in Kapashera, Delhi.
The company is currently working on 13 EPC projects and 5 HAM projects. These projects are metro projects, river bridges, flyovers, rail over-bridges, tunnels, expressways, and multi-lane highways.
Ceigall India Limited Company Contact Details
A-898, Tagore Nagar, Ludhiana, Punjab
PIN code-141001, India
Phone: +91-161 4623666
Email: [email protected]
FAQs
1. What is the Ceigall India Limited IPO’s GMP price?
The current GMP price of the Ceigall IPO is ₹275.
2. On which exchange will the Ceigall India IPO be listed?
Ceigall India Limited IPO will be listed on the NSE & BSE.
3. When is the allotment date for Ceigall India Ltd IPO?
The allotment date of Ceigall India Ltd IPO is August 6 , 2024.
4. What are the opening and closing dates of Ceigall IPO?
Ceigall India IPO will open on August 1, 2024 & will be close on August 5, 2024.
5. When is the listing date for the Ceigall Indial Limited IPO?
Ceigall India Limited’s IPO listing date is August 8, 2024.
Conclusion
The information shared regarding Ceigall India Limited are collected from official sources and DRHP of the company. All facts and correct information will be updated ahead regarding IPO’s price and GMP. The IPO is a good value proposition due to sound business growth rates, good economic and financial performance indicators, and favourable P/E ratio. However, one should consider the probabilities of the risks that come with it and the market situation before risking.
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