Ceigall India Limited

01 Aug 2024 - 05 Aug 2024 Individual Category Main Board NSE

Min Investment

₹14837

Price Band

₹380-₹401

Issue Size

223.14 lakhs
Equity Shares

Lot Size

37

IPO Dates
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01 Aug 2024

Open Date

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05 Aug 2024

Close Date

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06 Aug 2024

Allotment Date

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08 Aug 2024

Listing Date

Ceigall India is open for subscription from Thursday, August 1, 2024, and closing on Monday, August 5, 2024. The price band for this IPO is set to Rs 380 – Rs 401 per share. Ceigall India is a 100% book-built public issue. The company is offering a fresh issue of 1.71 crore of equity shares amounting up to Rs 684.25 crore and an offer for sale of 1.42 crore of equity shares amounting up to Rs 568.41crore, this aggregates to total size of 3.12 crore of equity shares amounting up to Rs 1,252.66 crore. The allotment for this new IPO is expected to be finalised on Tuesday, August 6, 2024. This IPO will be listed on the NSE and BSE exchanges on Thursday, August 8, 2024. The IPO is managed by ICICI Securities Limited, Iifl Securities Ltd and Jm Financial Limited, which are the lead managers. The company has appointed Link Intime India Private Limited as the registrar for the issue.

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About Ceigall India Limited

Ceigall India Limited, founded in 2002, is an infrastructure construction company specialising in elevated roads, flyovers, bridges, railway overpasses, tunnels, highways, and runways. As of July 2024, the company has completed over 34 road and highway projects, including 16 EPC, one HAM, five O&M, and 12 Item Rate projects. The company currently has 18 ongoing projects, with 13 EPC and five HAM projects, encompassing elevated corridors, bridges, flyovers, rail over-bridges, tunnels, expressways, runways, metro projects, and multi-lane highways. It has completed 2,158.72 lane km of O&M projects and has 1,488.17 lane km of ongoing projects. Ceigall India Limited has received notable awards, including the "Gold Award" at the National Highways Excellence Awards in 2020 and the "Special Award" in 2021. As of March 31, 2024, the company employs 2,256 people.

Founded

2002

Managing Director

Ramneek Sehgal, Ramneek Sehgal and Sons HUF and RS Family Trust

Parent Organization

IPO Objectives

The company proposes to utilise the Net Proceeds towards funding the following objectives, collectively referred to as the "Objects," which include purchasing equipment and repaying or prepaying, in full or in part, certain borrowings incurred by both the company and its Subsidiary Ceigall Infra Projects Private Limited.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

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