Ceigall India IPO opens on August 1: Check price band, lot size and other key details

Infrastructure construction company Ceigall India Limited is all set to go public with the launch of its Initial Public Offer (IPO) this week, on August 1. The subscription window for the IPO is scheduled to close on Monday, August 5.

The ₹1,252.66-crore mainboard public offer comprises a fresh issue of 1.71 crore shares and an offer-for-sale (OFS) of 1.42 crore shares.

Investors interested in applying for Ceigall India IPO can check key details here:

Ceigall India IPO offer size

Ceigall India IPO is valued at ₹1,252.66 crore. The mainboard public offer consists of a fresh issue of 1.71 crore shares aggregating ₹684.25 crore and an offer for sale of 1.42 crore shares aggregating ₹568.41 crore.

The company has reserved 50% of the net issue for the Qualified Institutional Buyer category and 35% of the issue has been reserved for retail investors. As much as 15% of the net issue has been reserved for Non-Institutional Investors NII (HNI).

Ceigall India IPO price band

Ceigall India IPO price band has been fixed at ₹380 to ₹401 per share. Ceigall India IPO lot size is 37 shares. Investors can apply for a minimum of 37 equity shares and its multiples thereafter.

Ceigall India IPO allotment status and listing date

Ceigall India IPO allotment status is expected to be finalised on Tuesday, August 6. Subsequent to the allotment of shares, refunds will be initiated for unsuccessful bidders and successful bidders will receive shares in their Demat accounts on August 7. Shares of Ceigall India will be listed on the NSE and BSE. The tentative listing date for Ceigall India IPO has been fixed as August 8.

Ceigall India key financials

Ceigall India revenue increased nearly 47% to ₹3,066.19 crore in the fiscal year ended March 31, 2024, from ₹2,087.04 crore in March 31, 2023. The company’s Profit-After-Tax (PAT) surged nearly 82% to ₹304.91 crore in FY24 compared to ₹167.7 crore in FY23. The infrastructure construction company’s net-worth for FY24 grew nearly 53% to ₹906.41 crore compared to ₹593.06 crore in FY23.

Ceigall India IPO promoters

Ceigall India's promoters are Ramneek Sehgal, Ramneek Sehgal and Sons HUF, and RS Family Trust. Collectively, they hold a 99.99% stake in the company.

Ceigall India IPO registrar

The registrar for the Ceigall India IPO is Link Intime India Private Ltd, and the book-running lead managers for the issue are ICICI Securities Limited, IIFL Securities Ltd, and JM Financial Limited.

Ceigall India IPO objectives

Ceigall India will use the money raised via the public issue to purchase equipment and repay or prepay certain borrowings availed by the company and its subsidiary Ceigall Infra Projects Private Limited.

About Ceigall India

Ceigall India was founded in 2002 as an infrastructure construction company. The company has expertise in specialised structural projects such as elevated roads, flyovers, bridges, railway overpasses, tunnels, highways, expressways, and runways. It has 18 ongoing projects, including 13 engineering, procurement, and construction (EPC) projects and five Hybrid Annuity Model (HAM) projects.

The company's order book, as of June 30, 2024, stood at ₹9,470.8 crore. The company's employee strength stood at 2,256 as of March 31, 2024.