Ceigall India IPO

Ceigall India Ltd

₹14,060 /37 sharesMinimum Investment

Ceigall India IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE₹401.00₹419.00₹18.00 (4.49%)

Ceigall India IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
1 Aug ‘24 - 5 Aug ‘24₹14,06037₹380 - ₹401
Issue SizeIPO Doc
1252.66Cr
RHP PDF

Subscription rate

As of 05 Aug'24, 04:00 PM
Qualified Institutional Buyers25.14x
Non-Institutional Investor12.85x
Retail Individual Investor3.37x
Employees10.67x
Total11.48x

About Ceigall India

Ceigall India is an infrastructure construction firm that operates in structural projects which include elevated roads, flyovers, bridges, railway over-bridges, tunnels, highways, expressways, and runways. The company's services for both engineering, procurement, and construction (EPC) and hybrid annuity model (HAM) projects encompass the design and engineering of projects, sourcing of raw materials, and project execution at the site. Ceigall India manages its projects directly or through its subsidiaries. Additionally, the company forms project-specific joint ventures (JVs) and special purpose vehicles (SPVs) with other firms in the infrastructure and construction sectors.;
Founded in
2002
Managing director
Mr. Ramneek Sehgal
Parent organisation
Ceigall India Ltd

Strengths & Financials of Ceigall India

Strengths
Risks
Ceigall India has completed 34 projects in the roads and highways sector, including 16 EPC, one HAM, five operations and maintenance (O&M), and 12 item rate projects. The company is currently managing 18 projects—a mix of 13 EPC and five HAM projects—encompassing elevated corridors, bridges, flyovers, rail over-bridges, tunnels, expressways, runways, metro projects, and multi-lane highways.
Ceigall India also independently executes O&M projects.
Ceigall India has expanded its footprint across various Indian states. Initially active in six states in FY22, the company extended its reach to 10 states by FY24, including Punjab, Haryana, Rajasthan, Uttar Pradesh, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Delhi, Maharashtra, and Bihar.
Ceigall India has shown a consistent rise in revenue from operations over the recent years, with figures rising from Rs 1,133.79 crore in FY22 to Rs 2,068.17 crore in FY23 and Rs 3,029.35 crore in FY24. Profit after tax (PAT) too climbed during this period, from Rs 125.86 crore in FY22 to Rs 167.27 crore in FY23 and to Rs 304.31 crore in FY24.
Ceigall India consistently invests a designated minimum amount in its machinery vertical, some of which is subject to buyback agreements. This allows the company to return the asset to the vendor after a specified period at a predetermined price, thereby ensuring the availability of efficient machinery for swift project completion without sinking capital in fixed assets.

Ceigall India Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Ceigall India IPO

Apply asPrice bandApply upto
Regular380 - 401₹2 Lakh
Employee342 - 363₹2 Lakh
High Networth Individual380 - 401₹2 - 5 Lakh
For Ceigall India IPO, eligible investors can apply as Regular & Employee.
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