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:
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