Ceigall India IPO Details
| IPO Size | 1252.66 |
| Price Range | ₹380 to ₹401 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | ₹38 per share |
| Listing at | NSE and BSE |
| Minimum Quantity | 37 |
| Investment (cut-off price) | ₹14,837 |
| Pre IPO Promotor Holding | 99.99% |
| Post IPO Promotor Holding | -- |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Ceigall India IPO Timelines
01/08/2024
Start Date05/08/2024
End Date07/08/2024
Refund Initiation07/08/2024
Credit of Shares to Demat Ac08/08/2024
Listing DateCeigall India IPO Lot Size
| Application | Lot Size | 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 | 2516 | ₹1,008,916 |
Ceigall India IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 31.26 x | 14.83 x | 3.82 x | 11.84 x | 14.01 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹419 | ₹386.75 | ₹424.80 | ₹383.25 |
Ceigall India IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹1146.50 | ₹977.03 | ₹125.86 |
| FY 2023 | ₹2087.04 | ₹1861.85 | ₹167.27 |
| FY 2024 | ₹3066.19 | ₹2660.83 | ₹304.31 |
About Company
Ceigall India Limited is a renowned infrastructure construction company specialising in elevated roads, flyovers, bridges, and more. With over two decades of experience, it has evolved from a small firm to a leading EPC player.
Its expertise lies in designing and constructing various road and highway projects, including specialised structures. Its operations span 10 states in India and are divided into EPC (engineering, procurement, and construction) and HAM projects (Hybrid Annuity Model). Its commitment to quality and innovation drives its success in delivering projects that enhance connectivity and infrastructure across the nation.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2002 | Infrastructure | Ramneek Sehgal |
Know Before Investing
Ceigall India IPO Strengths
- Ceigall India Limited’s rapid expansion and diverse project portfolio present opportunities for sustained growth and market leadership, backed by its strong order book and proven track record in executing complex infrastructure projects.
- With a focus on diversifying into new geographies, Ceigall India Limited can mitigate risks, tap into higher-margin opportunities, and capitalise on India’s growing infrastructure development needs.
- With over two decades of experience and a proficient management team, Ceigall India Limited’s streamlined processes, cost-effective strategies, and optimal resource management strengthen its financial stability, empowering it to pursue strategic initiatives and adapt to evolving market dynamics.
Ceigall India IPO Risks
- Ceigall India Limited heavily relies on contracts from government authorities, particularly NHAI, exposing it to risks of contract termination, restructuring, or renegotiation due to policy changes or project revocations, potentially impacting its business and financial performance.
- Despite continuous bidding efforts, Ceigall India Limited may face challenges in winning projects due to intense competition, failure to meet qualification criteria, or delays in project tendering, affecting its revenue streams and growth prospects.
- Ceigall India Limited’s strategy to diversify beyond roads and highways projects carries inherent risks, including higher costs, increased competition, and operational challenges in new segments, which may hinder its ability to successfully execute projects and achieve growth targets.
Swot Analysis for Ceigall India IPO
Strengths
Experienced promoters Marquee clients Healthy book-to-bill ratio
Weaknesses
Client concentration
Opportunities
Government push for infra build Growing urbanization
Threats
Several established players High working capital requirements
Company Details
Ceigall India Limited
A-898,
Tagore Nagar
Ludhiana – 141 001
Phone: +91 161 4623666
Email: [email protected]
Website: https://www.ceigall.com/
IPO Registar Details
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
FAQs
The key objectives of Ceigall india IPO are:
- Raise ₹1,187.76 million for purchasing essential operational equipment.
- Allocate ₹3,445.00 million to repay outstanding borrowings, reducing debt burden.
- Utilise remaining funds (up to 25% of Gross Proceeds) for general corporate needs, including growth opportunities and capital expenditure.