Ceigall India is scheduled to hit the market on August 01, 2024 and close on August 05, 2024. Ceigall India plans to raise around ₹1,252.66 Cr through an IPO with a sale of up to 31,238,480 equity shares of ₹5 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Ceigall India Limited, established in 2002, is an infrastructure construction firm specializing in structural projects such as elevated roads, flyovers, bridges, railway overpasses, tunnels, highways, expressways, and runways. By July 2024, the company completed over 34 road and highway projects, which encompass 16 EPC projects, one HAM project, five O&M projects, and 12 Item Rate Projects. Currently, Ceigall has 18 ongoing projects, including 13 EPC and five HAM projects involving various structures like elevated corridors, bridges, and metro projects. As of March 31, 2024, the company has worked on 1,488.17 lane kilometers of ongoing projects and completed 2,158.72 lane kilometers of O&M projects.
The company operates across several states in India, including Punjab, Haryana, Rajasthan, and Uttar Pradesh, focusing on major multi-lane highway projects. Ceigall India Limited has received recognition for its work, winning the “Gold Award” at the National Highways Excellence Award in 2020 for the Khemkaran-Amritsar Project and a “Special Award” in 2021 for the Ramdas Gurdaspur Project. The company's Order Book as of June 30, 2024, stood at ₹94,708.42 million. Recent key projects include widening a road in Punjab and completing the Kartarpur-Sahib Project. As of March 31, 2024, Ceigall employed 2,256 permanent staff.
Ceigall India IPO Details
Ceigall India IPO opens on August 01, 2024, and closes on August 05, 2024. The Listing date for Ceigall India IPO is on August 08, 2024. The price band for IPO is ₹380 to ₹401 per share and lot size of 37 Shares.
IPO Date | August 01, 2024 to August 05, 2024 |
Listing Date | August 08, 2024 |
Price | ₹380 to ₹401 per share |
Lot Size | 37 Shares |
Issue Size | ₹1,252.66 Cr |
Face Value | ₹5 per share |
Ceigall India IPO Tentative Timetable
Ceigall India opening date is August 01, 2024 and close date is August 05, 2024. The IPO allotment date is August 06, 2024. Therefund initiation of IPO is on August 07, 2024. The credit of shares in demat account is on August 07, 2024. The listing date is on August 08, 2024.
Event | Date |
---|---|
IPO Opening | August 01, 2024 |
IPO Closing | August 05, 2024 |
IPO Allotment Date | August 06, 2024 |
Refund Initiation | August 07, 2024 |
Shares Credit to Demat | August 07, 2024 |
Lisiting Date | August 08, 2024 |
Ceigall India IPO Lot Size
Lot Size of this IPO is 37 shares. A retail-individual investor can apply for up to 13 lots (481 shares or ₹192,881).
Category | Lots | Shares | Amount |
---|---|---|---|
Retail(Minimum) | 1 | 37 | ₹14,837 |
Retail(Maximum) | 13 | 481 | ₹192,881 |
S-HNI (Minimum) | 14 | 518 | ₹207,718 |
B-HNI (Minimum) | 68 | 2,516 | ₹1,008,916 |
Ceigall India IPO Promoter Holding
Pre Issue Share Holding | 99.99% |
Post Issue Share Holding |
Ceigall India IPO Review
Ceigall India Ltd. (CIL) is a renowned EPC contractor known for its remarkable growth in performance. The company has established itself as a preferred partner for National Highways Authority of India (NHAI) projects and has recently collaborated with Delhi Metro for railway infrastructure developments. Over the reported periods, CIL has demonstrated impressive compound annual growth rates (CAGR) in both its top and bottom lines. As of March 31, 2024, the company boasts an order book valued at over Rs. 9470 crore, highlighting its potential for long-term growth. Despite the aggressive pricing of the issue based on FY24 earnings, investors might consider allocating moderate funds for long-term investment.
Ceigall India Ltd. is an infrastructure construction company with extensive experience in undertaking specialized structural works such as elevated roads, flyovers, bridges, railway over bridges, tunnels, highways, expressways, and runways. The company has evolved into one of the fastest-growing EPC players, with a three-year revenue CAGR as of Fiscal 2024 among companies with a turnover of over Rs. 1000 crore. With over 20 years of industry experience, CIL has demonstrated significant expertise in the design and construction of various road and highway projects across ten states in India. The company's principal operations are divided into EPC projects and hybrid annuity model (HAM) projects, reflecting its versatile capabilities and robust execution track record.
Financially, CIL has shown substantial growth, with total income increasing from Rs. 1146.50 crore in FY22 to Rs. 3066.19 crore in FY24, and net profit rising from Rs. 125.86 crore to Rs. 304.31 crore over the same period. The company's consistent performance and impressive order book underscore its potential for continued growth. However, the IPO is priced at a P/E of 22.95 based on FY24 earnings, indicating an aggressive valuation. Despite this, the company's solid order book and strategic partnerships suggest a promising long-term outlook. Investors may consider a moderate investment, keeping in mind the company's strong growth trajectory and long-term potential.
Ceigall India IPO Subscription Status (Bidding Details)
Table not foundCeigall India IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Ceigall India IPO FAQs
What is Ceigall India IPO?
Ceigall India is issuing 31,238,480 equity shares with a face value of ₹5 each, totaling up to ₹1,252.66 Cr. The shares are being offered at a price of ₹380 to ₹401 each, with a minimum order quantity of 37 shares.
Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Ceigall India IPO will open?
Ceigall India will open on August 01, 2024 for QIB, NII, and Retail Investors.
When Ceigall India IPO will end?
Ceigall India will end on August 05, 2024.
What is Ceigall India IPO Size?
Ceigall India IPO size is ₹1,252.66 Cr.
What is Ceigall India IPO Price Band?
Ceigall India price band is ₹380 to ₹401 per share.
What is the Ceigall India IPO Allotment Date?
Ceigall India allotment date is August 06, 2024.
What is the Ceigall India IPO Listing Date?
Ceigall India listing date is August 08, 2024. The IPO is to be listed on BSE and NSE.
How to Ceigall India IPO through Zerodha?
To apply for the IPO “Ceigall India” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Ceigall India IPO through Upstox?
To apply for the IPO “Ceigall India” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Ceigall India IPO Allotment Status?
July 30, 2024For Ceigall India IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Ceigall India IPO GMP?
You can check out here: Ceigall India IPO GMP