Ceigall India Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹380 - ₹401
- Lot size
- 37 shares
- Issue amount
- ₹1,252.66 cr
- Total subscription
- 14.05×
- Opens
- 1 Aug 2024
- Closes
- 5 Aug 2024
- Allotment
- 6 Aug 2024
- Listing
- 8 Aug 2024
Offer at a glance
Issue overview
- Issue size
- 3,12,43,701 shares
- Face value
- ₹5 per share
- Minimum investment
- ₹14,060
- Fresh issue
- ₹684.35 cr
- Offer for sale
- ₹568.32 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,837
- Issue type
- Bookbuilding IPO
- Shares before issue
- 15,71,36,000
- Shares after issue
- 17,41,99,640
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 37 | ₹14,837 |
| sHNI | 14 | 518 | ₹2,07,718 |
| bHNI | 68 | 2,516 | ₹10,08,916 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs (10L+) | 6,021 | 19,069 |
| HNIs (2-10L) | 3,010 | 34,944 |
| RETAIL | 2,95,027 | 9,31,966 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 250.13 | 7,818.79 |
| RETAIL | 437.73 | 1,698.07 |
| HNIs 2+ | 62.53 | 749.65 |
| HNIs 10+ | 125.07 | 2,036.15 |
| EMPLOYEES | 2.21 | 27.09 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 19.37 | 10.65 | 8.01 |
| ROE | 33.57 | 28.2 | 29.19 |
| ROCE | 31.98 | 28.67 | 29.84 |
| RONW | 33.57 | 28.2 | 29.19 |
| PRE IPO(PE) | 20.67 | 0 | 0 |
| POST IPO(PE) | 22.91 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
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.
Strengths
- Rapidly Expanding EPC Expertise: Ceigall India Limited is a fast-growing company with strong experience in building roads, bridges, and tunnels.
- Efficient Project Management: Successfully handling multiple projects, the company demonstrates excellent execution and development capabilities.
- Proven Industry Success: Recognized with prestigious awards and a strong Order Book, Ceigall India Limited has a solid track record in the infrastructure sector.
Risk factors
- 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.
- Financial Challenges: A history of negative cash flows raises concerns about future earnings stability and operational losses.
- Project Risks: Delays in project completion could lead to cost overruns, contract terminations, or financial penalties, impacting business performance.
Promoters
Ramneek Sehgal
Ramneek Sehgal and Sons HUF
RS Family Trust
Registrar & documents
Lead manager
ICICI Securities Limited, IIFL Capital Services Limited, Jm Financial Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
A-898, Tagore Nagar, Ludhiana - 141 001
+91 161 4623666
[email protected]Company website ↗Understanding CEIGALL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.