Ceigall India’s IPO is a book-built issue amounting to Rs 1,252.66 crores. It consists of a fresh issue of 1.71 crore shares totaling Rs 684.25 crores and an offer for sale of 1.42 crore shares totaling Rs 568.41 crores.
The IPO opens for subscription on August 1, 2024, and closes on August 5, 2024. Allotments are expected to be finalized on Tuesday, August 6, 2024, with a tentative listing on BSE and NSE set for Thursday, August 8, 2024.
The price band for the IPO is set at ₹380 to ₹401 per share. The minimum application lot size is 37 shares, requiring a minimum investment of ₹14,837 for retail investors. For sNII investors, the minimum investment is 14 lots (518 shares) amounting to ₹207,718, and for bNII investors, it is 68 lots (2,516 shares) amounting to ₹1,008,916.
- Book Running Lead Manager – ICICI Securities Limited, Iifl Securities Ltd., and Jm Financial Limited
- Registrar – Link Intime India Private Ltd
Below are the details of Ceigall India Limited IPO 2024 Details, Timeline, Lot Size, Anchor Investor, and Promoter Holding.
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Ceigall India Limited IPO 2024 Details
| IPO Date | August 1, 2024 to August 5, 2024 |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price Band | ₹380 to ₹401 per share |
| Lot Size | 37 Shares |
| Total Issue Size | 31,238,480 shares (aggregating up to ₹1,252.66 Cr) |
| Fresh Issue | 17,063,640 shares (aggregating up to ₹684.25 Cr) |
| Offer for Sale | 14,174,840 shares of ₹5 (aggregating up to ₹568.41 Cr) |
| Employee Discount | Rs 38 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 157,136,000 |
| Share holding post issue | 174,199,640 |
Ceigall India Limited IPO 2024 Timeline
| Event | Timeline |
|---|---|
| IPO Open Date | Thursday, August 1, 2024 |
| IPO Close Date | Monday, August 5, 2024 |
| Basis of Allotment | Tuesday, August 6, 2024 |
| Initiation of Refunds | Wednesday, August 7, 2024 |
| Credit of Shares to Demat | Wednesday, August 7, 2024 |
| Listing Date | Thursday, August 8, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 5, 2024 |
Ceigall India Limited IPO 2024 Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 37 | ₹14,837 |
| Retail (Max) | 13 | 481 | ₹192,881 |
| S-HNI (Min) | 14 | 518 | ₹207,718 |
| S-HNI (Max) | 67 | 2,479 | ₹994,079 |
| B-HNI (Min) | 68 | 2,516 | ₹1,008,916 |
Ceigall India Limited IPO 2024 Reservation
| Investor Category | Shares Offered | Mazimum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 9,356,581 (27.37%) | NA |
| QIB Shares Offered | 6,237,721 (18.25%) | NA |
| NII (HNI) Shares Offered | 4,678,291 (13.68%) | |
| Retail Shares Offered | 10,916,012 (31.93%) | 295,027 |
| Total Shares Offered | 34,188,605 (100%) |
Ceigall India IPO Anchor Investors
| Bid Date | July 31, 2024 |
| Shares Offered | 9,356,581 |
| Anchor Portion Size (In Cr.) | 375.20 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 5, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 4, 2024 |
Ceigall India Limited IPO 2024 Promoters
The promoters of the Company, are Ramneek Sehgal, Ramneek Sehgal and Sons HUF and RS Family Trust.
Ceigall India IPO 2024 Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 2,592.19 | 1,827.82 | 959.14 |
| Revenue | 3,066.19 | 2,087.04 | 1,146.50 |
| Profit After Tax | 304.91 | 167.70 | 126.43 |
| Net Worth | 906.41 | 593.06 | 431.25 |
| Total Borrowing | 1,811.02 | 1,252.58 | 652.12 |
| Amount in ₹ Crore | |||
Ceigall India IPO Review
CIL stands out as a rapidly growing infrastructure construction company with over 20 years of experience. Known for its expertise in specialized structural works such as elevated roads, flyovers, and bridges, CIL has achieved remarkable growth, with a CAGR of 50.13% from FY21 to FY24. In FY24, it posted a notable revenue growth of 43.10%. The company operates extensively across 10 states in India, handling diverse EPC and HAM projects.
As of June 30, 2024, CIL’s order book totaled Rs. 9470.84 crore, reflecting its robust project pipeline. The upcoming IPO aims to raise Rs. 1,252.66 crore, with funds allocated for equipment purchases, debt repayment, and general corporate purposes. The IPO is priced between Rs. 380 and Rs. 401 per share, and shares will be listed on BSE and NSE.
Despite its competitive pricing, CIL’s strong track record, strategic partnerships, and comprehensive project portfolio make it a compelling long-term investment. Investors with a moderate risk appetite may find CIL’s IPO an attractive opportunity for growth.