Ceigall India
Mainboard₹14,837 / 37 Shares
Ceigall India IPO Details
The Ceigall India IPO price band is set between ₹380-401 per equity share, with a face value of ₹5 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 1 Aug, 2024 and closes on 5 Aug, 2024. Investors can check the allotment status on 6 Aug, 2024, while the listing date is tentatively scheduled for 8 Aug, 2024.
The total issue size is Total ₹1,252.66 Cr :#Fresh Issue : 17,063,640 shares, aggregating up to ₹684.25 Cr. Stay tuned for the latest Ceigall India IPO review and GMP updates.
Ceigall India IPO Review, Rating & Analysis
Ceigall India IPO Review
NO REVIEWCeigall India IPO Rating
Ceigall India IPO Highlights
IPO Date
Aug 1, 2024 - Aug 5, 2024
Listing Date
8 Aug, 2024
Face Value
₹5 Per Equity Share
Price Band
₹380-401 per equity share
Lot Size
37 Shares
Fresh Issue
17,063,640 Shares
Offer for Sale
14,174,840 shares of ₹5
Listing At
BSE, NSE
Ceigall India IPO Lot Size
The minimum market lot for Ceigall India IPO is 37 shares with an application amount of ₹14,837. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 37 | ₹14,837 |
| Retail (Max) | 13 | 481 | ₹1,92,881 |
| S-HNI (Min) | 14 | 518 | ₹2,07,718 |
| S-HNI (Max) | 67 | 2479 | ₹9,94,079 |
| B-HNI (Min) | 68 | 2516 | ₹10,08,916 |
Ceigall India IPO Timeline
Issue Price
₹380-401 per equity shareFace Value
₹5 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
ICICI Securities LimitedIifl Securities LtdJm Financial LimitedIssue Size
Total ₹1,252.66 Cr :#Fresh Issue : 17,063,640 shares(aggregating up to ₹684.25 Cr) +
#OFS : 14,174,840 shares of ₹5(aggregating up to ₹568.41 Cr)
Ceigall India IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 24 | 2592.19 | 3066.19 | 304.91 | 906.41 | - | 1811.02 |
| 31 Mar 23 | 1827.82 | 2087.04 | 167.70 | 593.06 | - | 1252.58 |
| 31 Mar 22 | 959.14 | 1146.50 | 126.43 | 431.25 | - | 652.12 |
All values are in ₹ Cr.
Ceigall India IPO Valuations
EPS Pre IPO
₹19.4/-EPS Post IPO
₹17.5/-PE Pre IPO
20.67PE Post IPO
22.91ROE
33.57%ROCE
31.98%Debt Equity
1.17RoNW
33.57%PAT Margin
10.05Price to Book Value
6.95Promoters & Share Holding
Promoter(s) Name
- Ramneek Sehgal
- Ramneek Sehgal and Sons HUF
- RS Family Trust
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 99.99% | 82.06% |
About Company
Founded in the year 2002, Ceigall India Limited is a leading infrastructure construction company that specializes in the execution of complex structural works like elevated roads, flyovers, bridges, tunnels, highways, expressways, and runways. The Company has multiple offices across the States of Punjab, Haryana, Rajasthan, Uttar Pradesh, etc.
As of July 2024, Ceigall India Limited has completed more than 34 road and highway projects successfully, which comprises 16 EPC projects, one HAM project, five O&M projects, and 12 Item Rate Projects. At present, the company is executing 18 projects that comprise elevated corridors, metro projects, and multi-lane highways. The work in progress includes 1,488.17 lane kilometers, and under O&M, the completed work is 2,158.72 lane kilometers.
The company is awarded for excellence, with a Gold Award in National Highways Excellence Awards 2020 for Khemkaran-Amritsar Project and also awarded with Special Award in 2021 for Ramdas Gurdaspur Project along with Kartarpur Sahib Project.
The strong order book for Ceigall India Limited depicts its growth curve, which currently stands at ₹94,708.42 million as of June 30, 2024. As of March 31, 2024, the company has 2,256 permanent staff working on key infrastructure projects across the country.
Ceigall India IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 6,237,721 | 4,678,291 3,118,861 1,559,430 | 10,916,012 | 21,887,120 |
Day 1 -01-08-24 05:00 PM | 0.00 x | 0.90 0.93 x 0.83 x | 0.80 x | 0.61 x |
Day 2 -02-08-24 05:00 PM | 0.01 x | 1.75 1.70 x 1.86 x | 1.65 x | 1.23 x |
Day 3 -05-08-24 05:00 PM | 31.50 x | 14.39 15.80 x 11.56 x | 3.70 x | 13.74 x |
Retail:3.16x
BHNI:3.17x
SHNI:11.61x times
Company Contact Details
Ceigall India
A-898, Tagore Nagar, Ludhiana - 141 001Registrar Contact Details
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: ceigall.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Frequently Asked Questions about Ceigall India IPO
When will Ceigall India IPO open for subscription?
The Ceigall India IPO opens on 1 Aug, 2024 and closes on 5 Aug, 2024.
What is the investors portion for Ceigall India IPO?
The investors' portion for QIB is 31.50 x, NII is 15.80 x, and Retail is 3.70 x.
How to apply for Ceigall India IPO?
You can apply for Ceigall India IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Ceigall India IPO?
The issue size of Ceigall India IPO is approx ₹Total ₹1,252.66 Cr :#Fresh Issue : 17,063,640 shares(aggregating up to ₹684.25 Cr) +#OFS : 14,174,840 shares of ₹5(aggregating up to ₹568.41 Cr) crores.
What is the price band of Ceigall India IPO?
The price band for Ceigall India IPO is ₹380 to ₹401 per equity share.
What is the lot size of Ceigall India IPO?
The minimum bid (lot size) for Ceigall India IPO is N/A shares with an investment of approx ₹14,837 .
What is the allotment date of Ceigall India IPO?
The allotment date for Ceigall India IPO is 6 Aug, 2024.
What is the listing date of Ceigall India IPO?
The listing date for Ceigall India IPO is expected to be 8 Aug, 2024.
What is the GMP of Ceigall India IPO?
The latest Grey Market Premium (GMP) for Ceigall India IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.