Ceigall India IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Aug 13, 2024Let’s have a detailed review of the company and analytics of the Ceigall India IPO release date, IPO offer price, subscription, Ceigall India Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 5 |
| Price Band | Rs 380 to Rs 401 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 37 Shares |
| Listing Date | August 8, 2024 |
| Offer for Sale | Rs 568.41 Cr. |
| Fresh Issue | Rs 684.25 Cr. |
| IPO Size | Rs 1,252.66 Cr. |
| Tick Size | 1 |
Ceigall India IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Ceigall India Share Price |
Ceigall India IPO – Summary
They are an infrastructure construction company with experience in undertaking specialized structural work such as elevated roads, flyovers, bridges, railway over bridges, tunnels, highways, expressways and runways.
They are one of the fastest growing engineering, procurement and construction (“EPC”) companies in terms of three-year revenue CAGR as of Fiscal 2024, among the companies with a turnover of over ₹10,000 million in Fiscal 2024 with over 20 years of experience in the industry.
The Promoter of this company is RAMNEEK SEHGAL, RAMNEEK SEHGAL SONS HUF AND RS FAMILY TRUST. The lead managers of the issue is ICICI Securities Limited, IIFL Securities Limited and JM Financial Limited, and the Registrar of this issue is Link Intime India Private Limited.
Ceigall India IPO Date
The opening and closing dates of Ceigall India IPO are August 1, 2024 and August 5, 2024 respectively.
Ceigall India IPO Subscription
| Day / Date | QIB | NII | RII | Emp | Total Subscription |
| 1st Day – 1st Aug | 0.00x | 0.93x | 0.85x | 3.27x | 0.63x |
| 2nd Day – 2nd Aug | 0.01x | 1.81x | 1.72x | 5.95x | 1.26x |
| 3rd Day – 5th Aug | 31.26x | 14.83x | 3.82x | 11.84x | 14.01x |
| Shares Offered or Net Issue | 6,237,721 | 4,678,291 | 10,916,012 | 55,096 | 31,243,701 |
The shares subscribed by the public will be updated here.
Ceigall India IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Ceigall India Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | August 6, 2024 |
| Refunds Initiation | August 7, 2024 |
| Credit of Shares to Demat Account | August 7, 2024 |
| Share Listing Date | August 8, 2024 |
Ceigall India IPO Price Band
The face value of each share is Rs.5, but the price band of the IPO is Rs 380 to Rs 401
Ceigall India IPO Equity Size
This Initial Public Issue of 31,238,480 Equity Shares of Rs.5 each for cash at a price of Rs 380 to Rs 401 per equity share aggregating to Rs.1,252.66 Cr.
Ceigall India IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 17,063,640 Equity Shares of Rs.5/ each.
Issue Size: 31,238,480 Equity Shares of Rs.5 each, aggregating to Rs.1,252.66 Cr.
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Ceigall India IPO – Live Performance
The listing date of this IPO is August 8, 2024. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Ceigall India Share Price |
Ceigall India IPO Grey Market Premium
The Ceigall India Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Ceigall India IPO – Company Overview
Their Company was incorporated in July 2002 and since then, they have gradually increased their execution capabilities in terms of the size of the projects.
One of the initial road projects that they executed for the Punjab Public Works Department, Ludhiana division, was awarded in 2006 with an aggregate project cost of ₹ 62.94 million for 20.42 lane km.
In 2014, they were awarded the first four-lane highway EPC project from NHAI for 24.08 lane km with a project cost of ₹ 378.10million and the most recent four-lane elevated corridor EPC projects, which consists of one of the longest four-lane elevated corridor portions of 14.26 km in India as per CARE Report, was awarded by NHAI with a project cost of ₹ 19,693.90 million and total length of 100.32 lane km.
Ceigall India IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | |||
| 31-Mar-24 | Mar-23 | 31-Mar-22 | |
| Total Assets |
25,921.94
|
18,278.22
|
9,591.39
|
| *Total Revenue | 30,661.88 | 20,870.41 | 11,465.04 |
| Total Expense | 26,608.34 | 18,618.50 | 9,770.32 |
| Profit After Tax | 3,043.07 | 1,672.72 | 1,258.61 |
Earnings per Equity Share (in Million)
| 31-Mar-24 | Mar-23 | 31-Mar-22 | |
| Basic & Diluted | 19.37 | 10.65 | 8.01 |
Further, their PAT for the period ended on March 31, 2024, March 31, 2023, and March 31, 2022, were Rs. 3,043.07 Million, Rs. 1,672.72 Million and Rs. 1,258.61 Million respectively.
Ceigall India IPO – Promoters
The Promoter of this company is:
- RAMNEEK SEHGAL,
- RAMNEEK SEHGAL
- SONS HUF
- RS FAMILY TRUST
List of Related Parties (Key Managerial Personnel)
-
Ramneek Sehgal, Managing Director
-
Puneet Singh Narula, Whole-Time Director
-
Arun Goyal, Independent Director
-
Vishal Anand, Independent Director
Ceigall India IPO – Promoters Holding
- Pre-Issue Share Holding – 99.99%
- Post-Issue Share Holding – 82.06%
Ceigall India IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 31,238,480 Equity Shares aggregating up to Rs.1,252.66 Cr. |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue |
157,136,000 Equity Shares
|
| Equity Shares outstanding after the Issue | X Equity Shares |
Ceigall India IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Purchase of equipment;
- Repayment/ prepayment, in full or in part, of certain borrowings availed by: a) their Company; and b) their Subsidiary, Ceigall Infra Projects Private Limited
- General corporate purposes.
Ceigall India IPO – Business Strategy
-
Diversification by leveraging existing capabilities
-
Selectively expand their geographical footprint
-
Continue to explore a hybrid annuity-based model to optimize their project portfolio
-
Continue focusing on enhancing execution efficiency
Ceigall India IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- One of the fastest-growing EPC companies with experience in executing specialised structures
- Healthy order book giving long term revenue visibility
- Demonstrated project development, execution and operational capabilities
- Efficient business model
- Experienced management team
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-24 |
19.37
|
33.57%
|
57.68
|
| 31-Mar-23 |
10.65
|
28.20%
|
– |
| Mar-22 |
8.01
|
29.19%
|
Ceigall India IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| Ceigall India Limited | 5 | [●] |
19.37
|
33.57%
|
30,293.52
|
| Listed Peers | |||||
|
PNC Infratech Limited
|
2 |
14.75
|
35.45
|
17.54%
|
86,498.68
|
|
G R Infraprojects Limited
|
5 |
12.60
|
136.90
|
17.40%
|
89,801.50
|
Ceigall India IPO Lead Managers
| Lead Managers |
|
ICICI Securities Limited IIFL Securities Limited JM Financial Limited |
Ceigall India IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C-101, 1stFloor, 247 Park L.B.S. Marg, Vikhroli West Mumbai 400 083, Maharashtra, India Tel: +918108114949 E-mail: ceigall.ipo@linkintime.co.in Investor grievance e-mail:ceigall.ipo@linkintime.co.in Contact person: Shanti Gopalkrishnan Website: www.linkintime.co.in SEBI Registration No.: INR000004058 |
Ceigall India IPO – Other Details
- Statutory Auditor – B D Bansal & Co., Chartered Accountants
- Legal Counsel to the Company – Shardul Amarchand Mangaldas & Co
- Bankers to the Company – Axis Bank Limited, Punjab & Sind Bank, Bank of Baroda, The Federal Bank Limited etc
Ceigall India IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Ceigall India Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Ceigall India IPO Review FAQs
Check out various FAQs related to Ceigall India IPO:
What is the Issue Size of Ceigall India IPO?
The Company is making an initial public offer of 31,238,480 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Ceigall India IPO?
The price band for this particular IPO ranges between Rs 380 to Rs 401. As far as the face value of the share is concerned, it is Rs. 5 per share.
What is the Ceigall India IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on August 1, 2024, while the closing date is set at August 5, 2024.
What is the Ceigall IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on August 6, 2024, refund initiation is on August 7, 2024, credit of shares is on August 7, 2024, and share listing date is on August 8, 2024.
What is the Ceigall IPO Listing Date?
Shares of this company shall be listed in the exchanges on August 8, 2024. The date, when the listing would be done, is stagnant on August 8, 2024.
Who is the Registrar of Ceigall IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of CeigallIPO?
Here are the promoters of this IPO – RAMNEEK SEHGAL, RAMNEEK SEHGAL AND SONS HUF AND RS FAMILY TRUST. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Ceigall India IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Ceigall India IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Ceigall India Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2024 in Million is 3,043.07, 2023 is 1,672.72, and 2022 is 1,258.61.
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