Ceigall India is into Infrastructure EPC sector and is looking raise funds through Fresh Issue and Offer For Sale
IPO Summary
Ceigall India IPO is a public offering of shares by Ramneek Sehgal, Ramneek Sehgal and Sons HUF and RS Family Trust. The IPO will open on August 01 and will close on August 05. The price band is ₹380 to ₹401 per share and the lot size is 37 shares. The issue size is ₹1,252.66 crore. The shares are expected to be listed on BSE, NSE on August 08 (^). Some additional information that you may find useful are:-
Financial Snapshot
- Revenue (Rs Crores): Rs3029.4 in FY24 (v/s Rs2068.1 in FY23)
- EBITDA (Rs Crores): Rs517.6 in FY24 (v/s Rs295.6 in FY23)
- EBITDA Margins (%): 17.1 in FY24 (v/s 14.3 in FY23)
- PAT (Rs Crores): Rs304.3 in FY24 (v/s Rs167.2 in FY23)
- PAT Margin (%): 10.1 in FY24 (v/s 8.1 in FY23)
- Revenue Share (%): EPC/HAM/O&M revenues share in FY24 at 66.1/26.3/0.3 (v/s 78.9/17.3/0.4 in FY23)
- Orderbook (Rs Crore): 9225.8 in FY24 at (v/s 10809 in FY23)
Also READ: Delhi based EPC Company Ceigall India files DRHP with SEBI for the proposed IPO; Key Details here
Promoters of the company are Ramneek Sehgal, Ramneek Sehgal and Sons HUF and RS Family Trust Currently promoters hold 99.99% stake in the company. While post-equity promoters stake will be 82.06%
- Company aims to raise between Rs 1,223 to 1,253 crs through this IPO.
- The net proceeds of the issue will be utilized to 1) Purchase of equipments - Rs99.79 Cr 2) Repayment / prepayment of debt - Rs413.4 Cr and 3) General Corporate Purpose
- Anchor bidding is expected to commence one day prior to the IPO dates. Tentative anchor bidding date would be 31-Jul-24.
- Price band for the IPO has been fixed at Rs 380 to 401 per share and bid lot are in multiple of 37 shares. The implied market cap post-issue at Rs 6,655 to 6,985 crs.
- As per the tentative schedule, allotment date of this IPO is most likely on August 06 and share are expected to be listed on BSE, NSE on August 08.
- Key construction peers within the Infrastructure segment are namely, J. Kumar Infraprojects, ITD Cementation India Limited, G R Infraprojects Limited, H.G. Infra Engineering Limited, KNR Constructions Limited and PNC Infratech Limited.
- ICICI Securities, IIFL Securities, JM Financial has been appointed as Merchant Banker to the issue. Link Intime India Private Limited has been appointed as official registrar of the issue.
Key Pointers of Ceigall India IPO:
| Ceigall India Limited IPO Snapshot | UdhyamPitch on X | |||
|---|---|---|---|
| Established | City | Sector | Sub-Sector |
| 2002 | Delhi | Infrastructure | EPC |
| Issue | Issue Type | Tentative Listing Date | Listing at |
| IPO (Fresh+OFS) | Book Building | 08-Aug-24 | BSE, NSE |
| IPO Dates | Price Band (Rs/sh) | Face Value (Rs/sh) | Min Lot Qty |
| 01-Aug-24 to 05-Aug-24 | ₹ 380 to 401 per sh | ₹ 5 per sh | 37 sh and in multiples |
| Retail App (min) | Retail App (max) | Non-Retail (Rs2-10L App) | Non-Retail (>Rs10L min App) |
|
37 shares ₹ 14,837 |
481 shares up to ₹ 192,881 |
518 to 2,479 shares ₹ 207,718 to 994,079 |
2,516 shares and above ₹ 1,008,916 and above |
There are highly chances of variation in data. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
About Ceigall India Limited
Established in 2002, Company is primarily infrastructure construction company undertaking specialized structural work such as elevated roads, flyovers, bridges, railway over bridges, tunnels, highways, expressways and runways. Principal business operations are broadly divided into EPC projects and HAM projects, which are spread over ten states in India. It has completed over 34 projects, including 16 EPC,one HAM project, five O&M and 12 Item Rate Projects, in the roads and highways sector. Currently 18 projects are ongoing, including 13 EPC projects and five (5) HAM projects.
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Financial Snapshot
- Revenue (Rs Crores): Rs3029.4 in FY24 (v/s Rs2068.1 in FY23)
- EBITDA (Rs Crores): Rs517.6 in FY24 (v/s Rs295.6 in FY23)
- EBITDA Margins (%): 17.1 in FY24 (v/s 14.3 in FY23)
- PAT (Rs Crores): Rs304.3 in FY24 (v/s Rs167.2 in FY23)
- PAT Margin (%): 10.1 in FY24 (v/s 8.1 in FY23)
- Revenue Share (%): EPC/HAM/O&M revenues share in FY24 at 66.1/26.3/0.3 (v/s 78.9/17.3/0.4 in FY23)
- Orderbook (Rs Crore): 9225.8 in FY24 at (v/s 10809 in FY23)
About Industry
India stands out as the fastest-growing economy among the major economies with real gross domestic product of ₹ 160.06 trillion in Fiscal 2023 and estimated to emerge as the third-largest economy globally by 2027, infrastructure sector continues to play major role with 3.50% of gross domestic product contribution with ₹ 52,962.00 billion investments in Infrastructure industry between Fiscal 2024 to Fiscal 2028. Road construction is amongst the critical sub-segments for infrastructure development, economic growth, and employment creation. Key growth drivers for infrastructure sector are rapid urbanisation, higher budgetary outlay towards infrastructure, smart cities mission. The key challenges in the infrastructure sector are regulatory and policy risks, funding challenges, land acquisition and environmental clearances. (Source: CARE Report)
| Ceigall India Limited IPO Dates | UdhyamPitch on X | |
|---|---|
| Anchor Open | 31-Jul-24 |
| IPO Open | 01-Aug-24 |
| IPO Close | 05-Aug-24 |
| Allotment | 06-Aug-24 |
| Credit of Shares | 07-Aug-24 |
| Refund | 07-Aug-24 |
| Listing | 08-Aug-24 |
| Anchor Investor Lockin (50% of Anchor book investment) | |
| Anchor Investor Lockin (Balance 50% of Anchor book investment) | |
Kindly note UPI Mandate deadline is 5:00 pm IST on closing date. To avoid last minute issue, request you to approve UPI mandate before 4:00 pm IST on last day. In case, UPI mandate has not been approved during the prescribed time period, applications are liable to get rejected.
There are highly chances of variation in dates. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
| Ceigall India Limited IPO - Details of Offer/Issue Breakup | UdhyamPitch on X | |||||
|---|---|---|---|---|---|
| Category | Quota (%) | No of Shares-Lower | No of Shares-Upper | Value (Rs Cr)-Lower | Value (Rs Cr)-Upper |
| QIB (Incl Anchor) | 50 | NA | 15,594,303 | NA | 625.33 |
| Non-Retail (NII) | 15 | NA | 4,678,291 | NA | 187.6 |
| Non-Retail (NII): >Rs10L | NA | 3,118,861 | NA | 125.07 | |
| Non-Retail (NII): Rs2L-Rs10L | NA | 1,559,430 | NA | 62.53 | |
| Retail | 35 | NA | 10,916,012 | NA | 437.73 |
| Employee | NA | 55,096 | 2. | 2. | |
| Shareholder | NA | . | . | ||
| NA=Not Available or Not Calculated | Upper= Upper Price Band | Lower=Lower Price Band | |||||
There are highly chances of variation in data. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
Check IPO Allotment status of Ceigall IndiaIPO:
| Ceigall India Limited - Anchor Lockin Dates and Details | |
|---|---|
| Anchor Investor Lockin (50% of Investment for 30 days) release of | |
| Anchor Investor Lockin (Balance Investment for 90 days) release of | |
Above information is automatically calculated based on estimations. Chances of errors/changes could be possible due to holidays and/or other conditions. Users are requested to Visit BSE, NSE, SEBI for more information or contact the Company/Merchant Banker/RTA for more information.
| Ceigall India Limited - Documents | |
|---|---|
Disclaimer:
Above article only publishes details on the companies and about forthcoming / upcoming IPO' and are solely intended for educational purpose. We don't solicit or invite any interest of user to invest in any of the investment products. Please review DRHP/RHP/Prospectus for more details about the company, fundamentals and other details. Please visit respective sources to verify and know more details about the IPO. SME IPOs can be more volatile due to smaller market capitalization and liquidity. Prices may fluctuate significantly in response to market conditions. We advise users and/or investors to take opinion from certified and SEBI registered experts before taking any investment decisions.
| Source: SEBI, BSE, NSE |
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