Back

Ceigall India Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed NSE & BSE Mainboard Live Chart
Issue Price
₹401
Per Share
GMP
NIL
Grey Market
Est. Listing
₹401
Expected Price
Min. Application
₹29,674
2 lots × 37 shares
IPO Issue Details
Issue Price / Price Band₹401 per share (Fixed Price)
Face Value₹5 Per Share
Lot Size37 Shares per Lot
Total Issue Size3,12,43,701 shares (aggregating up to ₹1,252.66 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenThu, 01 Aug 2024
Subscription CloseMon, 05 Aug 2024
Anchor AllotmentWed, 31 Jul 2024
Basis of AllotmentMon, 06 Oct 2025
Initiation of RefundsWed, 07 Aug 2024
Credit of Shares to DematWed, 07 Aug 2024
Listing DateThu, 08 Aug 2024
UPI Mandate Deadline2024-08-05
Application & Investment Details
Retail — Min (1 Lots)₹14,837 — 37 shares
Retail — Max (13 Lots)₹192,881 (13 Lots)
HNI — Min (14 Lots)₹2,07,718 — 518 shares
EPS (Pre-IPO)₹19.40
EPS (Post-IPO)₹17.50
P/E Ratio (Pre-IPO)20.67x
P/E Ratio (Post-IPO)22.91x
Pre-IPO Promoter Holding15,71,36,000 shares
Post-IPO Promoter Holding17,41,99,640 shares
Fresh Issue Shares1,70,68,861 shares (aggregating up to ₹684.35 Cr)
Offer for Sale Shares1,41,74,840 shares of ₹5 (aggregating up to ₹568.32 Cr)
About Ceigall India Ltd.

Founded in 2002, Ceigall India Limited is an infrastructure construction company with expertise in specialized structural projects, including elevated roads, flyovers, bridges, railway overpasses, tunnels, highways, expressways, and runways.By July 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.As of March 31, 2024, the company has 1,488.17 lane kilometers of ongoing projects and has completed 2,158.72 lane kilometers of O&M projects.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.Ceigall India Limited won the "Gold Award" at the National Highways Excellence Award, 2020 for the Khemkaran-Amritsar Project. They also received the "Special Award" at the National Highways Excellence Awards, 2021 for the Ramdas Gurdaspur Project, including the Kartarpur Sahib Project.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.The company has recently completed several key projects, including widening a road in Punjab, constructing the Kartarpur-Sahib Project, and finishing an elevated corridor portion for the Delhi-Saharanpur Project.As of March 31, 2024, the company has 2,256 permanent employees

Objects of the Issue

Ceigall India Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

1
1. Purchase of equipment;
2
2. Repayment/ prepayment, in full or in part, of certain borrowings availed by:
3
The Company; and
4
The Subsidiary, Ceigall Infra Projects Private Limited
Shareholding & Lock-in
Pre-IPO Promoter Holding 15,71,36,000 shares
Post-IPO Promoter Holding 17,41,99,640 shares
Lock-in Period (30%)September 4, 2024
Lock-in Period (50%)November 3, 2024
Check AllotmentCheck Status →
Ceigall India Ltd. — Live Price LIVE
₹401.00
INR · BSE
Fetching live data…
VS Issue Price
OPEN
HIGH
LOW
MKT CAP
P/E
52W HIGH
52W LOW
VOLUME
DIVIDEND
DIV YIELD
Loading chart…
Chart Not Available
Ceigall India Ltd. is not yet listed on Yahoo Finance or has a different ticker symbol.
Try again after listing stabilises (2-3 trading days).
Issue ₹401.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹401
GMPNIL
Est. Listing₹401
Lot Size37 shares
Min Amount₹29,674
Listing Date08 Aug 2024
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹401
Listing Date08 Aug 2024
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
TOTAL 31,243,701 100.00% ₹1,252.87 Cr
* Based on ₹401.00 (upper price band)
Lot Size & Investment Details
Lot Size
37
Shares
Issue Price
₹401.00
Per Share
Min Investment
₹14,837
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 37 ₹14,837
Retail (Max) 13 481 ₹192,881
sNII (Min) 14 518 ₹207,718
bNII (Min) 68 2,516 ₹1,008,916
Company Financials — Restated Consolidated (Amount in Crore)
Particulars31 Mar 202431 Mar 202331 Mar 2022
Revenue from Operations 3066.19 2087.04 1146.50
EBITDA N/A N/A N/A
Profit After Tax (PAT) 304.91 167.70 126.43
Net Worth 906.41 593.06 431.25
Total Assets 312024.00 1827.82 959.14
Reserves & Surplus N/A N/A N/A
Total Borrowings 1811.02 1252.58 652.12
Key Ratios & Valuation
Issue Price ₹401
Face Value ₹5 Per Share
P/BV 6.95
RoE 33.57%
RoCE 31.98%
RoNW 33.57%
PAT Margin (%) 10.05%
EBITDA Margin (%) N/A
Debt / Equity 1.17
Company Details
Company
Ceigall India Ltd.
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹5 Per Share
Script Code
N/A
Address
A-898, Tagore Nagar Ludhiana - 141 001 Ludhiana, Punjab
Book Running Lead Managers
ICICI Securities Ltd.
Book Running Lead Manager (BRLM)
IIFL Capital Services Ltd.
Book Running Lead Manager (BRLM)
JM Financial Ltd.
Book Running Lead Manager (BRLM)