Ceigall India IPO
Ceigall India IPO is listed on BSE and NSE, priced at ₹380–₹401 per share. The stock debuted at ₹419, delivering a listing gain of 4.5%. The IPO had a lot size of ₹37 shares and a minimum investment of ₹14,837.
Ceigall India Limited IPO
- IPO Dates
- Aug 1, 2024 – Aug 5, 2024
- Price band
- ₹380-401 per equity share
- Minimum Investment
- ₹14,837
- Issue size
- ₹1252.66 Cr
- Lot size
- 37
- Allotment Date
- Aug 6, 2024
- Listing
- Aug 8, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Aug 1, 2024
Open Date
Completed
-
Aug 5, 2024
Close Date
Completed
-
Aug 6, 2024
Allotment Date
Completed
-
Aug 8, 2024
Listing Date
Completed
Price Summary
- Last closing
- 354.35 (-11.63%)
- 52 week high
- 386.40
- 52 week low
- 222.61
- Last update
Ceigall India IPO Essentials
Ceigall India IPO Details
Ceigall India IPO is priced at ₹380-401 per share with a total issue size of 1252.66 crore. The IPO has a lot size of 37 shares and is listed on BSE and NSE.
- Issue price
- ₹380-401 per equity share
- Lot size
- 37 shares
- Face value
- ₹5 Per Equity Share
- Issue size
- Total ₹1,252.66 Cr :
#Fresh Issue : 17,063,640 shares(aggregating up to ₹684.25 Cr) +
#OFS : 14,174,840 shares of ₹5(aggregating up to ₹568.41 Cr) - Total issue size
- 3,12,38,480 shares
(aggregating up to ₹1252.66 crore) - Fresh issue
- 1,70,63,640 shares
(aggregating up to ₹684.25 crore) - Offer for sale (OFS)
- 1,41,74,840 shares
(aggregating up to ₹568.41 crore) - Listing at
- BSE, NSE
- List price
- 419.0(NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
ICICI Securities Limited, Iifl Securities Ltd, Jm Financial Limited
Market Lot Size
Investors can bid for a minimum of 37 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 37 | ₹14,837 |
| Retail(max) | 13 | 481 | ₹1,92,881 |
Ceigall India IPO Reservation
Ceigall India IPO reservation details show category-wise allocation of shares. Out of the total 31,243,701 shares, approximately 19.96% are reserved for QIB, 14.97% for NII, 34.94% for retail investors, and 29.95% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 9,356,581 (29.95%) | |
| QIB Shares Offered | 6,237,721 (19.96%) | |
| NII (HNI) Shares Offered | 4,678,291 (14.97%) | |
| bHNI > ₹10L | 3,118,861 (9.98%) | 6,020 |
| sHNI < ₹10L | 1,559,430 (4.99%) | 3,010 |
| Retail Shares Offered | 10,916,012 (34.94%) | 295,027 |
| Total Shares Offered | 31,243,701 (100%) |
Ceigall India IPO Analytics
Ceigall India IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Ceigall India IPO Subscription Status
Ceigall India IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 6,237,721 |
4,678,291
3,118,861
1,559,430
|
10,916,012 | 21,887,120 |
|
Day 1
01-08-24 05:00 PM
|
0.00 x |
0.90x
0.93x
0.83x
|
0.80 x | 0.61 x |
|
Day 2
02-08-24 05:00 PM
|
0.01 x |
1.75x
1.70x
1.86x
|
1.65 x | 1.23 x |
|
Day 3
05-08-24 05:00 PM
|
31.50 x |
14.39x
15.80x
11.56x
|
3.70 x | 13.74 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 11,22,027 (Approx) | —x | —x | 3.16x |
Ceigall India Valuations
Earnings
- EPS Pre IPO
- ₹19.4/-
- EPS Post IPO
- ₹17.5/-
- P/E Pre IPO
- 20.67
- P/E Post IPO
- 22.91
Returns
- ROE
- 33.57%
- ROCE
- 31.98%
- RoNW
- 33.57%
- PAT Margin
- 10.05
Fundamentals
- Debt / Equity
- 1.17
- Price / Book
- 6.95
Ceigall India Financials( In Crs.)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 2,592.19 | 1,827.82 | 959.14 |
| Revenue | 3,066.19 | 2,087.04 | 1,146.50 |
| Profit After Tax | 304.91 | 167.70 | 126.43 |
| Net Worth | 906.41 | 593.06 | 431.25 |
| Total Borrowing | 1,811.02 | 1,252.58 | 652.12 |
Ceigall India Company & Offer Insights
About Ceigall India
Founded in the year 2002, Ceigall India Limited is a leading infrastructure construction company that specializes in the execution of complex structural works like elevated roads, flyovers, bridges, tunnels, highways, expressways, and runways. The Company has multiple offices across the States of Punjab, Haryana, Rajasthan, Uttar Pradesh, etc.
As of July 2024, Ceigall India Limited has completed more than 34 road and highway projects successfully, which comprises 16 EPC projects, one HAM project, five O&M projects, and 12 Item Rate Projects. At present, the company is executing 18 projects that comprise elevated corridors, metro projects, and multi-lane highways. The work in progress includes 1,488.17 lane kilometers, and under O&M, the completed work is 2,158.72 lane kilometers.
The company is awarded for excellence, with a Gold Award in National Highways Excellence Awards 2020 for Khemkaran-Amritsar Project and also awarded with Special Award in 2021 for Ramdas Gurdaspur Project along with Kartarpur Sahib Project.
The strong order book for Ceigall India Limited depicts its growth curve, which currently stands at ₹94,708.42 million as of June 30, 2024. As of March 31, 2024, the company has 2,256 permanent staff working on key infrastructure projects across the country.
Ceigall India Promoter(s)
Ramneek Sehgal, Ramneek Sehgal and Sons HUF, RS Family Trust are the company's promoters of Ceigall India.
Ceigall India IPO Issue Objectives
- •
- Purchase of equipment
- •
- Repayment/ prepayment, in full or in part, of certain borrowings availed by:The Company; andThe Subsidiary, Ceigall Infra Projects Private Limited
Ceigall India IPO - Anchor Investors
Ceigall India collects Rs 375 cr from anchor investors ahead of IPO.
ICICI Prudential Mutual Fund (MF), HDFC MF, Axis MF, Bandhan MF, ICICI Prudential Life Insurance Company Ltd, Bajaj Allianz Life Insurance Company Ltd and Max Life Insurance Ltd are among the anchor investors.
Additionally, Nomura, Integrated Core Strategies(Asia) PTE Ltd, Societe Generale, Morgan Stanley Asia (Singapore) PTE and Citigroup Global Markets Mauritius have been allocated shares in the anchor round.
Ceigall India IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Ceigall India Limited | 19.37 | 19.37 | 57.68 | N/A | 33.57 | N/A | Consolidated |
| Pnc Infratech Ltd | 35.45 | 35.45 | 202.11 | 14.75 | 17.54 | 2.59 | N/A |
| G R Infraprojects Limited | 136.9 | 136.87 | 786.27 | 12.6 | 17.4 | 2.19 | N/A |
| H.g. Infra Engineering Ltd | 82.64 | 82.64 | 376.71 | 20.43 | 21.94 | 4.48 | N/A |
| Knr Constructions Ltd. | 27.64 | 27.64 | 124.37 | 13.17 | 21.51 | 2.93 | N/A |
| Itd Cementation India Ltd. | 15.93 | 15.93 | 87.21 | 29.39 | 18.3 | 5.37 | N/A |
| J Kumar Infraprojects Limited | 43.71 | 43.71 | 349.44 | 19.68 | 12.51 | 2.46 | N/A |
Notes:
- The P/E Ratio has been computed based on the closing market price of the equity shares on July 12, 2024, divided by the diluted EPS of March 31, 2024.
- Return on Net Worth (%) = Net profit after tax, as restated / Restated net worth at the end of the year/period.
- NAV is computed as the net worth at the end of the year divided by the closing outstanding number of equity shares.
- Net worth is equity plus reserves and surplus, after giving effect to non-controlling interest. The company has no reserves created out of the revaluation of assets, write-back of depreciation, and amalgamation. For peers, only an extract of financials is available for Q4-2024; hence, this detail is not available, so no adjustments are being made to arrive at net worth for peers for March 31, 2024.
- Revenue is revenue from operation for the period under consideration.
- The peer companies are listed in Stock exchange as on the date. The companies in infrastructure construction that are not listed have not been included in the list above.
Ceigall India IPO - Strengths and Risks
Ceigall India IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Ceigall India
+91 161 4623666
A-898, Tagore Nagar, Ludhiana - 141 001
Registrar Contact Details
Link Intime India Private Ltd
+91-22-4918 6270
Frequently Asked Questions
Click any question to reveal the answer
Ceigall India IPO is a book-built IPO worth ₹1252.66 crore. The price band is ₹380–₹401 per share. The IPO opens on Aug 1, 2024 and closes on Aug 5, 2024. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of Ceigall India IPO is ₹380 to ₹401 per share.
The lot size of Ceigall India IPO is 37 shares.
The minimum investment for Ceigall India IPO is approximately ₹14,837 based on the upper price band .
Ceigall India IPO opens on Aug 1, 2024 and closes on Aug 5, 2024.
The allotment date of Ceigall India IPO is Aug 6, 2024.
Ceigall India IPO is expected to be listed on Aug 8, 2024, on BSE and NSE .
Ceigall India IPO listed on Aug 8, 2024. It was issued at ₹419.0(NSE) and is currently around ₹354.35 as on 14-May-2026 3:30 PM, which is approximately -11.6% versus issue price. The 52-week high is ₹386.40.
Based on listing and post-listing performance, Ceigall India IPO delivered around -11.6% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Ceigall India IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Ceigall India IPO valuation snapshot: P/E 22.91, EPS ₹17.5/-, P/B 6.95, RoNW 33.57%, and market cap N/A.
To apply for Ceigall India IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Ceigall India IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Ceigall India IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Ceigall India IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Ceigall India IPO allotment status on IPO Ji for quick and easy access.