Ceigall India Limited IPO (Ceigall India IPO)

Established in 2002, Ceigall India Limited is a construction business that specializes in specialized structural projects, such as flyovers, bridges, elevated roadways, tunnels, highways, expressways, and runways. The company was established in the railway sector.

The company has completed more than 34 road and highway projects as of July 2024. Twelve category projects, five O&M projects, one HAM project, and project 16 EPC are among these projects.

The company has 18 ongoing projects, including 13 EPC projects and 5 HAM projects. These include elevated corridors, bridges, flyovers, rail bridges, tunnels, expressways, runways, metro projects and multi-lane expressways.

As of March 31, 2024, the company has 1,488.17 km of track under its ongoing projects and has completed 2,158.72 km of track under its OandM projects. The company specializes in construction, development and execution of major multi-lane expressways with dedicated facilities in various states of India including Punjab, Haryana, Rajasthan, Uttar Pradesh, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Delhi, Maharashtra and Bihar.

Ceigall India Limited has won the Gold Award and “Gold Award” at the National Highways Excellence Awards 2020 for the Khemkaran-Amritsar project. They have also received the Special Award and “Special Award” in the National Highways Excellence Awards 2021 for the Ramdas Gurdaspur Project including the Kartarpur Sahib Project.

The company’s backlog as of June 30, 2024 and for the financial years 2024, 2023 and 2022 is ₹94,708.42 million, ₹92,257.78 million, ₹108,090.43 million and ₹63,461 (0.30 million) respectively.

The company has recently completed several important projects, including road widening in Punjab, construction of the Kartarpur-Sahib project and partial completion of the elevated corridor for the Delhi-Sahibur project.

As of March 31, 2024, the company had 2,256 permanent employees..

Ceigall India Limited IPO

Ceigall India IPO is a Rs 1,252.66 crore issue. The issue is a combination of a fresh issue of 1.71 crore shares worth Rs 684.25 crore and an offer for sale of 1.42 crore shares worth Rs 568.41 crore.

The Ceigall India IPO auction opened for subscription on August 1, 2024 and will close on August 5, 2024. The allotment for the Ceigall India IPO is expected to be completed on Tuesday, August 6, 2024. The Ceigall India IPO will be listed on the BSE, NSE stock exchanges with an expected listing date of Thursday, August 8, 2024.

The price band for the Ceigall India IPO is pegged at ₹380-401 per share. The minimum lot size for a single offer is 37 shares. The minimum investment amount required for retail investors is ₹14,837. The minimum investment lot size for sNII is 14 lots (518 shares) or ₹207,718 and for bNII, it is 68 lots (2,516 shares) or ₹1,008,916.

The issue includes a reservation of up to 55,096 shares for employees at a discount of Rs 38 to the issue price.

Ceigall India Limited IPO Objective

The Company proposes to use the net proceeds to fund the following items:

1. Purchase of equipment;

2. Repayment/prepayment, in whole or in part, of certain loans made by: The Company; and Subsidiary, Ceigall Infra Projects Private Limited.

Ceigall India Limited IPO

Open and Close Date of Ceigall India IPO

The subscription for the IPO will be open from 1st August and will close on 5th August, 2024.

Ceigall India IPO Share Price

The price band for the Ceigall India IPO has been set at ₹380 to ₹401 per share.

Ceigall India IPO Issue Type, Face Value, IPO Price, Market Lot, Listing, Total Issue Size

Ceigall India Limited IPO Promoter Holding

The promoters of Ceigall India are Ramneek Sehgal, Ramneek Sehgal and Sons HUF and RS Family Trust.

Ceigall India Limited’ Financial Information (Restated Consolidated)

Ceigall India Limited IPO Registrar

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.

Contact Information

Ceigall India Limited

A-898,

Tagore Nagar

Ludhiana – 141 001

Phone: +91 161 4623666

Email: secretarial@ceigall.com

Website: https://www.ceigall.com/

Ceigall India Limited IPO Prospectus

 Ceigall India IPO DRHP

 Ceigall India IPO RHP

Anchor Investors in Ceigall India IPO