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.

Ceigall IPO Price, GMP, Date and Review

Ceigall India Limited IPO (Ceigall India IPO) Detail

IPO DateAugust 1, 2024, to August 5, 2024
Listing Date August 8, 2024
Face Value₹5 per share
Price Band₹380 to ₹401 per share
Lot SizeTBA
Total Issue Size31,238,480 shares of face
value of ₹ 5 each
(aggregating up to ₹1,252.66 Cr)
Fresh Issue17,063,640 shares of face
value of ₹ 5 each
(aggregating up to ₹684.25 Cr)
Offer for Sale14,174,840 shares of face
value of ₹ 5 each
(aggregating up to ₹568.41 Cr)
Employee Discount₹38 per share
Issue TypeBook Built Issue IPO
DRHPDownload
Listing AtBSE, NSE
Share holding pre issue157,136,000
Share holding post issue174,199,640

Ceigall India IPO Important Dates

IPO Open DateThursday, August 1, 2024
IPO Close DateMonday, August 5, 2024
Basis of AllotmentTuesday, August 6, 2024
Initiation of RefundsWednesday, August 7, 2024
Credit of Shares to DematWednesday, August 7, 2024
Listing DateThursday, 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

Ceigall IPO Promoter Holding Pattern

Share Holding Pre Issue99.99%
Share Holding Post Issue

Ceigall IPO Lot Size and Category

ApplicationLotsSharesAmount
Retail (Min)137₹14,837
Retail (Max)13481₹192,881
S-HNI (Min)14518₹207,718
S-HNI (Max)672,479₹994,079
B-HNI (Min)682,516₹1,008,916

Investor Category and Share (IPO Reservation Quota)

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50% of the Net Issue
Retail Shares OfferedNot less than 35% of the Net Issue
NII (HNI) Shares OfferedNot 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.

ParticularFY24FY23FY22
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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