Ceigall India IPO allotment expected today: Here’s how to check status on NSE, Link Intime India

Infrastructure firm Ceigall India Ltd is expected to finalise the share allotment status on Tuesday, August 6.

The ₹1,252.6 crore IPO was booked more than 14 times at the close of bidding on Monday, August 5. The issue opened for subscription on August 1 on both the NSE and BSE.

The investors who participated in the bidding process are now waiting for the Ceigall India IPO share allotment status. Applicants can easily check the share allotment status on the official websites of NSE, BSE, and the IPO registrar, Link Intime India Pvt Ltd.

Share allotment status will be available on these websites following the finalisation of share allocation by the company.

Follow these steps to check the IPO share allotment status of Ceigall India Ltd.

Steps to check Ceigall IndiaIPO share allotment on registrar website

• Go to Link Intime India Pvt ltd website (https://www.linkintime.co.in/)
• Click on ‘Investor Services’
• Select ‘Public Issues’
• Choose Ceigall India Ltd from the drop down menu for company names
• Enter either your application No, PAN, DP/Client ID or Account No / IFSC
• Click 'Submit’ to check allotment status

Steps to check Ceigall India IPO share allotment on the NSE website:

• Open NSE IPO allotment status page at : https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login with username and password (Investors need to create username and password on NSE website)
• Select Ceigall India
• Verify PAN details
• Enter IPO application No
• Click on ‘Submit’

Similarly, the investors can check the Cigall India Limited IPO share allotment status using PAN and application number on the BSE website.

The IPO of infrastructure company Ceigall India Ltd was booked 13.75 times on the final day of bidding on August 5.

According to exchange data, total applications for 30.68 crore shares were received against 2.23 crore shares on offer for subscription.

The Qualified Institutional Buyers (QIBs) quota was booked 31.5 times, the Non-institutional Investors' portion was subscribed 14.4 times, and the Retail Individual Investors (RIIs) quota was subscribed 3.72 times.

IPO objective

The company has proposed using the proceeds from the fresh issue to purchase equipment, pay debt availed by the company and its subsidiary, Ceigall Infra Projects Private Limited and use the rest for general corporate purposes.

The Ludhiana-based company's IPO is a combination of a fresh issue of ₹684.25 crore and an Offer-for-Sale (OFS) of up to 1.42 crore equity shares worth up to ₹568.41 crore by promoters, and an individual shareholder.

The company fixed the price band for the IPO at ₹380-401 per share. Ceigall India raised ₹375 crore from anchor investors ahead of the IPO subscription.

Ceigall India is an infrastructure construction company. It has experience in specialised structural works such as flyovers, elevated roads, railways over bridges, bridges, highways, expressways, runways and tunnels.

As of June 2024, the company's order book stood at ₹9,470 crore. Its clients include Indian Railway Construction International Ltd, Military Engineer Services and Bihar State Road Development Corporation Ltd.