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Ceigall India Limited

Main Board

Issue Price

₹380- ₹401

per equity share

Issue Size

3.22 crores

equity share

Face Value

₹ 5

per equity share

Market Lot

37

equity share

Please note

Listing at NSE

Ceigall India Limited

Important Dates

IPO Open Date

01 Aug 2024

IPO Close Date

05 Aug 2024

Allotment Date

06 Aug 2024

Initiation of Refunds

07 Aug 2024

Credit of Shares to Demat Account

07 Aug 2024

IPO Listing Date

08 Aug 2024

UPI Mandate Expiry Date

05 Aug 2024

IPO Details

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.

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.

Parent Organisation

-

Founded

2002

Managing Director

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

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.

How to apply for IPO

  • Login to your Bigul account and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a mandate notification to block funds in your UPI app
  • Approve the mandate request on your UPI and funds will be blocked
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