CEIGALL India Limited IPO – The Ceigall India IPO is set to begin on August 1. Ceigall India’s Mainline IPO aims to raise ₹1252.66 crores. The Ceigall India IPO price band is set at ₹380 to ₹401, with a market lot of 37 shares. Ceigall India, founded in July 2002, is an infrastructure building business with experience in executing specialized structural work such as elevated roadways, flyovers, bridges, railway bridges, tunnels, highways, expressways, and runways. It is known for providing high-quality projects. As of Fiscal 2023, they are one of the fastest growing engineering, procurement, and construction (“EPC”) companies, with a three-year sales CAGR of over ₹ 10,000 million.
Ceigall India Limited IPO Details (GMP, Price, Date)
| IPO Open Date | August 1, 2024 |
| IPO Close Date | August 5, 2024 |
| Basis of Allotment | August 6, 2024 |
| Listing Date | August 8, 2024 |
| Face Value | ₹5 per share |
| Price | ₹380 to ₹401 per share |
| Lot Size | 37 Shares |
| Total Issue Size | 31,238,480 shares |
| Fresh Issue | 17,063,640 shares |
| Listing At | BSE & NSE |
| Article Category | IPO |
Ceigall India Financials (Revenue, Expenses)
| FY 2024 | |
| Revenue | 3,029.35 |
| Expenses | 2,660.83 |
| Net income | 304.31 |
| Margin (%) | 10.05 |
| ROCE (%) | 31.98 |
| EBITDA (%) | 17.09 |
Ceigall India Limited Overview
The top infrastructure building firm in India, CEIGALL INDIA LIMITED was founded in July 2002 and specializes in specialized structural projects such elevated roads, flyovers, bridges, railroad overbridges, tunnels, motorways, and runways. The two primary commercial operations, which are dispersed throughout the Indian states, are EPC projects and hybrid annuity model (HAM) projects.
The company had finished over 34 road and highway projects as of January 31, 2024, including 16 EPC and one HAM. There are eleven EPC and four HAM efforts among the fifteen active projects at the moment. The business has also completed independent O&M projects, subcontracting, and operation and maintenance (O&M) activities in accordance with its contractual obligations under the EPC/HAM concession agreements.
Conclusion
Ceigall India’s IPO is a great investment opportunity, according to the company’s strong track record, extensive project pipeline, and smart growth ambitions. Investors should make investment selections based on the company’s financial health, market position, and potential for future growth.
