₹ 14837
₹380- ₹401
37
₹419
4
5 Aug 2024
Download7 Aug 2024
8 Aug 2024
Application Details
Ceigall India is set to launch its Initial Public Offering (IPO) from August 1, 2024, to August 5, 2024, with shares expected to be listed on Thursday, August 8, 2024. The IPO offers shares at a face value of ₹5 each, with a price band ranging between ₹380 and ₹401 per share. Interested investors can bid in lots of 37 shares.
The total issue size for the Ceigall India IPO is 31,238,480 shares, which translates to an aggregate value of ₹1,252.66 crore. This issue includes a fresh issue of 17,063,640 shares, amounting to ₹684.25 crore, and an offer for sale of 14,174,840 shares, totaling ₹568.41 crore. Additionally, employees are offered a discount of ₹38 per share. The IPO is being conducted as a Book Built Issue and will be listed on both BSE and NSE.
The IPO timetable is as follows: the basis of allotment will be determined by Tuesday, August 6, 2024, with refunds initiated by Wednesday, August 7, 2024. Shares will be credited to demat accounts also on Wednesday, August 7, 2024, and the listing date is set for Thursday, August 8, 2024. The cut-off time for UPI mandate confirmation is 5 PM on August 5, 2024.
About Ceigall India Limited
Company Overview
Founded in July 2002, Ceigall India Limited is an infrastructure construction company specializing in elevated roads, flyovers, bridges, railway overpasses, tunnels, highways, expressways, and runways. The company has a strong reputation for delivering quality projects and is recognized as one of the fastest-growing engineering, procurement, and construction (EPC) companies in terms of three-year revenue CAGR as of Fiscal 2023, among companies with a turnover exceeding ₹10,000 million in Fiscal 2023.
Project Accomplishments
By July 2024, Ceigall India Limited completed over 34 road and highway projects, including 16 EPC projects, one HAM project, five O&M projects, and 12 Item Rate Projects. Notable recent projects include the widening of a road in Punjab, the construction of the Kartarpur-Sahib Project, and the completion of an elevated corridor portion for the Delhi-Saharanpur Project. These projects highlight Ceigall India Limited’s capability and commitment to enhancing infrastructure across India.
Ongoing Projects
Ceigall India Limited currently has 18 ongoing projects, comprising 13 EPC projects and five HAM projects. These projects involve the construction of elevated corridors, bridges, flyovers, rail over-bridges, tunnels, expressways, runways, metro projects, and multi-lane highways. As of March 31, 2024, the company is working on 1,488.17 lane kilometers of ongoing projects and has completed 2,158.72 lane kilometers of O&M projects.
Geographic Reach
The company’s projects span various states in India, including Punjab, Haryana, Rajasthan, Uttar Pradesh, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Delhi, Maharashtra, and Bihar. This widespread presence underscores Ceigall India Limited’s ability to execute projects in diverse geographic and climatic conditions.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.