The infrastructure construction company Ceigall India IPO will be hit the market on August 01, 2024, and closes on August 05, 2024. The Company has filed the RHP of this IPO. According to RHP, the company wants to raise ₹1252.66 crore through IPO. The company will issue fresh shares of ₹684.25 crores through this IPO and will issue shares through offer for sale of ₹568.41 crores.
The company has reserved 50% for QIB, 15% for NII and 35% for Retail Investor in this IPO.
Ceigall India Limited is an infrastructure construction company with experience in undertaking specialized structural work such as elevated roads, flyovers, bridges, railway over bridges, tunnels, highways, expressways, and runways. The company is one of the fastest-growing engineering, procurement, and construction (“EPC”) companies in terms of three-year revenue CAGR as of Fiscal 2024. You can check Ceigall India IPO GMP here.
| Read also: Upcoming IPO List 2024 |
The company completed over 34 road and highway projects. These projects include project 16 EPC, one HAM project, five O&M projects, and 12 Item Rate Projects. The company has 18 ongoing projects, including 13 EPC projects and five HAM projects. These involve elevated corridors, bridges, flyovers, rail over-bridges, tunnels, expressways, runways, metro projects, and multi-lane highways.
The company specializes in the construction, development, and execution of major multi-lane highway projects with specialized structures in various states of India, including Punjab, Haryana, Rajasthan, Uttar Pradesh, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Delhi, Maharashtra, and Bihar.
The company’s Order Book as of June 30, 2024, and for the fiscal years 2024, 2023, and 2022, were ₹94,708.42 million, ₹92,257.78 million, ₹108,090.43 million, and ₹63,461.30 million, respectively. You can check Ceigall India IPO subscription status here.
Object Of the Issue :
- Purchase of equipment;
- Repayment/ prepayment, in full or in part, of certain borrowings availed by
- (1) The Company
- (2) The Subsidiary, Ceigall Infra Projects Private Limited
- General corporate purposes.
Company Strengths :
- One of the fastest-growing EPC companies with experience in executing specialized structures.
- Healthy order book giving long-term revenue visibility.
- Demonstrated project development, execution, and operational capabilities.
- Efficient business model.
- Experienced management team.
Ceigall India IPO Review :
| Details | Valuation |
| PAT : Issue Price : EPS : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹304.00 Cr ₹401 /EQ 19.37 20.70x 33.57 % 33.57 % 31.98 % 1.17 ₹57.68 ₹2,592.19 Cr ₹6985.40 Cr 99.99 % 82.06 % |
| Team Review : | ✔ Apply For Long Term |
👉 Ceigall India IPO Show Review ….👈
- ■ The company EPC contractor and has posted fastest growth in its performance.
- ■ The company become a preferred partner for NHAI projects and has recently joined hands with Delhi Metro for rail infra developments.
- ■ The company top line & bottom line posted strong growth.
- ■ The company order book worth 9470+ cr. on hand, as of March 31, 2024.
- ■ The PE ratio of the company is very attractive.
- ■ The company Issue price is slightly aggressive based on the FY24 earnings but the company growth line is clear.
- ■ Based on FY24 the issue appears fully priced, Investors can bid the long-term investing.
Ceigall India IPO Date & Price Band & Details :
| IPO Open : | August 01, 2024 |
| IPO Close : | August 05, 2024 |
| Issue Type : | Book Built Issue |
| Face Value : | ₹5 Equity Share |
| Price Band : | ₹380 – ₹401 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹1252.56 Cr {31,238,480 Shares} |
| Fresh Issue : | ₹684.25 Cr {17,063,640 Shares} |
| Offer For Sale : | ₹568.41 Cr {14,174,840 Shares} |
| EMP Discount : | ₹38 Per Share |
Ceigall India IPO Market Lot :
Ceigall India IPO Minimum Market lot is 1 Lot with 37 shares with ₹14,837 Application amount. The retail investors can apply up to 13 lots with 481 Shares or ₹192,881 amounts.
| Application | Lot | Shares | Amount Cr |
| Retail Minimum : | 1 | 37 | ₹14,837 |
| Retail Maximum : | 13 | 481 | ₹192,881 |
| S-HNI Minimum : | 14 | 518 | ₹207,718 |
| S-HNI Maximum : | 67 | 2479 | ₹994,079 |
| B- HNI Minimum : | 68 | 2516 | ₹1,008,916 |
Ceigall India IPO Reservation :
| Category | Reservation | Shares | Amount Cr |
| QIB : | 50% | 15,619,240 | ₹626.33 |
| NII : | 15% | 4,685,772 | ₹187.90 |
| RII : | 35% | 10,933,468 | ₹438.43 |
| Total : | 100% | 31,238,480 | ₹1252.66 |
Ceigall India IPO EPS & RoNW :
| Year | EPS (₹) | RoNW % | NAV (₹) |
| 2024 | 19.37 | 33.57 | 57.68 |
| 2023 | 10.65 | 28.20 | 75.48 |
| 2022 | 8.01 | 29.19 | 54.89 |
Ceigall India IPO Peer Comparison PE :
| Company | PE Ratio |
| PNC Infratech Limited | 14.75 |
| G R Infraprojects | 12.60 |
| H.G. Infra Engineering | 20.43 |
| KNR Constructions | 13.17 |
| ITD Cementation India | 29.39 |
| J Kumar Infraprojects | 19.68 |
Ceigall India IPO Dates :
| Anchor Date : | July 31, 2024 |
| Open Date : | August 01, 2024 |
| Close Date : | August 05, 2024 |
| Allotment Date : | August 06, 2024 |
| Refund Date : | August 07, 2024 |
| Share Credit Date : | August 07, 2024 |
| Listing Date : | August 08, 2024 |
Ceigall India IPO Form :
There are two ways to apply for Ceigall India IPO. You can apply for Ceigall India IPO through ASBA available in your bank account. You have to go to your online bank login select Ceigall India IPO in the Invest section and apply through your bank account. Another option is you apply for Ceigall India IPO through an IPO form downloaded through NSE and BSE. Visit the IPO Form Page and download the NSE Form and BSE Form IPO Form, fill it out, and submit it to your bank or your broker.
Ceigall India Company Financial Report (Crore) :
| Year | Revenue (₹) | Expense (₹) | PAT (₹) |
| 2024 | 3,066.19 | 2660.83 | 304.91 |
| 2023 | 2,087.04 | 1861.85 | 167.70 |
| 2022 | 1,146.50 | 977.03 | 126.43 |
Company Promoters :
■ Ramneek Sehgal
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
Ceigall India IPO Lead Managers :
■ Iifl Securities Ltd
■ ICICI Securities Limited
■ Jm Financial Limited
Ceigall India IPO Registrar :
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai 400 083, Maharashtra, India
Tel: +91 810 811 4949
E-mail: [email protected]
Investor grievance e-mail: [email protected]
Website: www.linkintime.co.in
Note: Check Ceigall India IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Ceigall India Limited
A-898, Tagore Nagar
Ludhiana – 141 001
Phone: +91 161 4623666
Email: [email protected]
Website: https://www.ceigall.com/
Ceigall India IPO FAQs :
What is Ceigall India IPO?
Ceigall India IPO is a Mainboard IPO. They are going to raise ₹1252.66 Crores via IPO. The issue is priced at ₹380-₹401 per equity share. The IPO is to be listed on NSE, and BSE.
When Ceigall India IPO will open?
The IPO is to open on Aug 01, to Aug 05, 2024 for QIB, NII & RII.
What is Ceigall India IPO Size?
Ceigall India’s IPO size is ₹1252.66 Crores.
What is the Fresh issue size of Ceigall India IPO?
The Fresh issue size of Ceigall India IPO is ₹684.25 Cr.
What is the Offer For Sale size of Ceigall India IPO?
The Offer For Sale size of Ceigall India IPO is ₹568.41 Cr.
What is Ceigall India IPO Minimum and Maximum Lot Size?
The minimum 37 Shares with ₹14837 amount while the maximum 481 shares with ₹192,881.
What is Ceigall India IPO Investors Portion?
The investors’ portion for QIB is 50%, NII 15%, and RII 35%.
What is the Ceigall India IPO Allotment Date?
Ceigall India’s IPO allotment date is August 06, 2024.
What is the Ceigall India IPO Listing Date?
Ceigall India’s IPO listing date is August 08, 2024. The IPO is to be listed on NSE, and BSE.
How to Apply the Ceigall India IPO through Upstox?
Log in to the Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Ceigall India IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Ceigall India IPO through Groww?
Log in to the Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Ceigall India IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Ceigall India IPO GMP: Click Here Ceigall India IPO Subscription: Click Here Ceigall India IPO Allotment: Click Here Ceigall India IPO Listing: Click Here Ceigall India IPO Web Story: Click Here |
All Ceigall India IPO-related links are available here. If you want to know the details then Click Here Link.
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