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Ceigall India Limited IPO

Ceigall India Limited IPO

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Listed Price: ₹ 419.00 (+4.49%)

Ceigall India Limited's successfully completed its Initial Public Offering and commenced trading on 08-08-2024 at the NSE, BSE exchange. The company raised 3,12,43,701 Shares through this public offering, comprising 1,70,68,861 Shares in fresh capital and ₹568.32 Cr through the Offer for Sale mechanism.

The IPO was priced within the band of ₹380 to ₹401, with minimum application lots of 37 shares. The offering attracted significant investor interest during its subscription period from 01-08-2024 to 05-08-2024.

Share allotment was finalized on 06-08-2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.

Ceigall India IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Ceigall India IPO Key Performance Indicator
Company Financials ( In Crores )

Ceigall India IPO About Company

Ceigall India Limited, founded in 2002, is a leading infrastructure construction company specializing in roads, highways, bridges, tunnels, and runways. By July 2024, it had completed over 34 projects and was actively working on 18 more across multiple states in India. The company has delivered significant projects, including expressways, metro corridors, and multi-lane highways, earning prestigious awards like the "Gold Award" at the National Highways Excellence Awards. With an order book of ₹94,708.42 million and a workforce of 2,256 employees, Ceigall India continues to drive large-scale infrastructure development nationwide.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Ceigall India IPO Strength Factors

  1. Rapidly Expanding EPC Expertise: Ceigall India Limited is a fast-growing company with strong experience in building roads, bridges, and tunnels.
  2. Efficient Project Management: Successfully handling multiple projects, the company demonstrates excellent execution and development capabilities.
  3. Proven Industry Success: Recognized with prestigious awards and a strong Order Book, Ceigall India Limited has a solid track record in the infrastructure sector.

Ceigall India IPO Risk Factors

  1. Heavy Reliance on Government Contracts: With over 80% of projects from NHAI and the rest from other government bodies, the company is exposed to policy changes and contract risks.
  2. Financial Challenges: A history of negative cash flows raises concerns about future earnings stability and operational losses.
  3. Project Risks: Delays in project completion could lead to cost overruns, contract terminations, or financial penalties, impacting business performance.

Ceigall India IPO Lead Manager(s)

  • ICICI Securities Limited
  • IIFL Securities Limited
  • Jm Financial Limited

Ceigall India IPO Promoter(s)

  1. Ramneek Sehgal
  2. Ramneek Sehgal and Sons HUF
  3. RS Family Trust

Ceigall India IPO Company Details

Ceigall India Limited
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Ceigall India IPO Registrar

Link Intime India Private Limited
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Ceigall India IPO FAQs