07-Mar-2024
2 mins read
Ceigall India Limited has filed a Draft Red Herring Prospectus for its upcoming IPO with Securities Exchange Board of India. Ceigall India IPO is a combination of fresh issue and offer for sale. The fresh issue is amounting to Rs 617.69 crore and offer for sale consists of 14,285,714 equity shares of FV of Rs 5 each. This new IPO issue opening dates and closing dates are not yet declared. Other important details like lot size and minimum amount of investment required for the retail and HNI are also yet to be announced. The book-running lead managers of Ceigall India IPO are ICICI Securities Limited, IIFL Securities Limited and JM Financial Limited. The registrar for this latest IPO is Link Intime India Private Limited.
About the Ceigall India Limited Company Profile
Ceigall India Limited is a two decades old infrastructure construction company, which is specialised in structural work such as elevated road, flyovers, bridges, railway over bridges, tunnels, highways and runways. Company is a fast growing engineering, procurement and construction (EPC) company. They have achieved the highest year on year revenue growth of 82.67% in the fiscal 2023. Ceigall India Limited is engaged in EPC and HAM projects, operation and maintenance of projects. Company had diversified geographical presence in construction and development and execution of major multi-lane highway projects. Presently, the Company has fifteen ongoing projects, including eleven EPC projects and four HAM projects which include elevated corridors, bridges, flyovers, rail over bridges, tunnels, expressway, runway and multi-lane highways.
Objectives of Ceigall India IPO Issue
The visible objective of this IPO is to raise funds from the general public. The funds received from this issue will be used for purchase of new equipment. Other than this the net proceeds will be utilised for the repayment or prepayment of certain borrowings availed by the company and subsidiaries of Ceigall India. Also, the general corporate purposes will be fulfilled.
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Consolidated Financial Statements of Ceigall India Limited (Amt in Rs in crore)
Company reported revenue from operations of Rs 2,085.76 crore and net profit of Rs 196.20 crore for the quarter ended on 31 December 2023. Whereas, the company reported revenue from operations of Rs 2,068.17 crore and net profit of Rs 167.27 crore for the period ended on 31 March 2023.
| Particulars | 31-Dec-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Equity Share capital | 78.57 | 39.28 | 39.28 | 0.98 |
| Net Worth | 797.98 | 593.06 | 431.25 | 305.29 |
| Revenue from operations | 2085.76 | 2068.17 | 1133.88 | 8,73.202 |
| Profit for the period/year | 196.2 | 167.27 | 125.86 | 112.5 |
| Current borrowings | 2284.22 | 3324.99 | 1,45.912 | 25.16 |
| Non-current borrowings | 4,85.241 | 367.6 | 1,70.397 | 4.54 |
Other Important Details of Ceigall India IPO
| IPO Date | yet to be announced |
| Listing Date | yet to be announced |
| Face Value | yet to be announced |
| Price Band | yet to be announced |
| Lot Size | yet to be announced |
| Total Issue Size | yet to be announced |
| Offer for sale | Rs 617.69 crore |
| Fresh Issue | 14,285,714 equity shares |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | yet to be announced |
| Shareholding post issue | yet to be announced |
| Market Maker portion | yet to be announced |
Time-Table of Ceigall India IPO
| IPO Open Date | yet to be announced |
| IPO Close Date | yet to be announced |
| Basis of Allotment | yet to be announced |
| Initiation of Refunds | yet to be announced |
| Credit of Shares to Demat | yet to be announced |
| Listing Date | yet to be announced |
| Cut-off time for UPI mandate confirmation | yet to be announced |
Promoters of Ceigall India Limited and Their Holdings
The promoters of Ceigall India company are Ramneek Sehgal, Ramneek Sehgal and sons HUF and Family Trust.
Lead Manager(s) of Ceigall India IPO
The lead managers for Ceigall India IPO are ICICI Securities Limited, IIFL Securities Limited and JM Financial Limited.
How do you apply for the Ceigall India IPO?
Wait for the public issue to open for subscription, then click here to apply for the Ceigall India Limited IPO with Bigul.
How do you check the allotment status of Ceigall India IPO?
You can check the allotment status when the issue is closed. Presently, the issue opening and closing dates are not yet announced. The registrar for Ceigall India IPO is Link Intime India Private Limited. To check your allotment status, please click here.
FAQs
- What is the Ceigall India IPO?
Ceigall India IPO is a combination of fresh issue and offer for sale. The fresh issue is amounting to Rs 617.69 crore and offer for sale consists of 14,285,714 equity shares of face value of Rs 5 each. This new IPO issue opening dates and closing dates are not yet declared.
- Who are the lead managers for the Ceigall India Limited IPO?
ICICI Securities Limited, IIFL Securities Limited and JM Financial Limited are the lead managers of Ceigall India Limited.
- What is the role of Bigshare Services Private Limited in this IPO?
Link Intime India Private Limited is the registrar for Ceigall India Limited, handling the IPO’s administrative aspects.
- How can I apply for the Ceigall India IPO?
The public subscription of this latest IPO is opening soon. The exact dates are not yet announced. Once the dates are announced you can click here to begin the application process.
- How will the net proceeds from the IPO be utilised?
The funds received from this issue will be used for purchase of new equipment. Other than this the net proceeds will be utilised for the repayment or prepayment of certain borrowings availed by the company and subsidiaries of Ceigall India. Also, the general corporate purposes will be fulfilled.
- How can I check the allotment status of the IPO?
Investors can check out the allotment status of the Ceigall India Limited IPO 2024 by visiting here.
- What is the financial performance of Ceigall India Limited?
Company reported revenue from operations of Rs 2,085.76 crore and net profit of Rs 196.20 crore for the quarter ended on 31 December 2023. Whereas, the company reported revenue from operations of Rs 2,068.17 crore and net profit of Rs 167.27 crore for the period ended on 31 March 2023.
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