Ceigall India IPO: Open/Close Date, Price, Lot Size, Allotment & Subscription

IPO Details

Bidding Dates

To be announced

Minimum Investment

To be announced

Price Range

To be announced

Maximum Investment

To be announced

Retail Discount

To be announced

Issue Size

Up to [●] equity shares aggregating up to ₹ 61,76.90 million

Investor category and sub category

Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) | Eligible employees |

About Ceigall India Limited

Ceigall India Limited is a renowned infrastructure construction company specialising in elevated roads, flyovers, bridges, and more. With over two decades of experience, it has evolved from a small firm to a leading EPC player.

Its expertise lies in designing and constructing various road and highway projects, including specialised structures. Its operations span 10 states in India and are divided into EPC (engineering, procurement, and construction) and HAM projects (Hybrid Annuity Model). Its commitment to quality and innovation drives its success in delivering projects that enhance connectivity and infrastructure across the nation.

Industry Outlook:

India's robust economy, set to become the world's third-largest by 2027, drives significant investment into infrastructure, with an estimated ₹52,962.00 billion designated for the sector from Fiscal 2024 to Fiscal 2028. By leveraging its expertise and resources, Ceigall India can play a significant role in shaping India's evolving infrastructure landscape while also benefiting from the associated economic growth.
Road construction is crucial for India's economic growth and job creation, supported by factors like urbanisation and increased budget allocations. Despite challenges such as regulatory hurdles and funding constraints, initiatives like the smart cities mission continue to drive infrastructure development. As the company is involved in infrastructure development, they are well-positioned to capitalise on the growing demand for road construction and other related projects.

Ceigall India Limited IPO Details

Ceigall India Limited IPO Dates

The exact dates are yet to be announced.

Ceigall India Limited IPO Price Band

The exact price range is yet to be announced.

Ceigall India Limited IPO Lot Size

The exact lot size is not announced yet.

Ceigall India Limited IPO Objectives

Raise ₹1,187.76 million for purchasing essential operational equipment.
Allocate ₹3,445.00 million to repay outstanding borrowings, reducing debt burden.
Utilise remaining funds (up to 25% of Gross Proceeds) for general corporate needs, including growth opportunities and capital expenditure.

Peer Details

The following are the listed peers of Ceigall India Limited:

J. Kumar Infraprojects Limited
ITD Cementation India Limited
PNC Infratech Limited
G R Infraprojects Limited

How to Check the Allotment Status of the Ceigall India Limited IPO?

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Log in to the Angel One app
Go to the IPO Section and then to IPO Orders.
Select the individual IPO that you had applied for and check the allotment status.
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Contact Details of Ceigall India Limited IPO

Registered office: A-898, Tagore Nagar Ludhiana, Punjab 141 001, India
Phone: +91 161 4623666
E-mail:secretarial@ceigall.com

IPO Financials

Particulars	As at December 31, 2023	Year ending on March 31, 2023	Year ending on March 31, 2022	Year ending on March 31, 2021
Revenue from Operation (in ₹ million)q	20,857.62	20,681.68	11,337.88	8,732.02
Profit After Tax (PAT) (in ₹ million)	1,962.04	1,672.72	1,258.61	1,125.00
Cash and Cash Equivalents (in ₹ million)	1,534.42	2,169.36	974.71	860.34
Return on Net Worth (%)	24.59%	28.20%	29.19%	36.85%
Net Debt (in ₹ million)	4,311.12	3,393.87	1,242.01	(1,222.77)
Return on Equity (%)	24.59%	28.20%	29.19%	36.85%
Return on Capital Employed (RoCE) (%)	26.57%	28.67%	29.84%	50.62%
EBITDA (in ₹ million)	3,533.94	2,956.29	1,859.15	1,597.33

Know before investing

Strengths

Ceigall India Limited's rapid expansion and diverse project portfolio present opportunities for sustained growth and market leadership, backed by its strong order book and proven track record in executing complex infrastructure projects.
With a focus on diversifying into new geographies, Ceigall India Limited can mitigate risks, tap into higher-margin opportunities, and capitalise on India's growing infrastructure development needs.
With over two decades of experience and a proficient management team, Ceigall India Limited's streamlined processes, cost-effective strategies, and optimal resource management strengthen its financial stability, empowering it to pursue strategic initiatives and adapt to evolving market dynamics.

Risks

Ceigall India Limited heavily relies on contracts from government authorities, particularly NHAI, exposing it to risks of contract termination, restructuring, or renegotiation due to policy changes or project revocations, potentially impacting its business and financial performance.
Despite continuous bidding efforts, Ceigall India Limited may face challenges in winning projects due to intense competition, failure to meet qualification criteria, or delays in project tendering, affecting its revenue streams and growth prospects.
Ceigall India Limited's strategy to diversify beyond roads and highways projects carries inherent risks, including higher costs, increased competition, and operational challenges in new segments, which may hinder its ability to successfully execute projects and achieve growth targets.