Ceigall India IPO GMP, Price, Allotment, Profit Estimate 2024

Ceigall India IPO Description – Ceigall India is an infrastructure construction company specializing in elevated roads, flyovers, bridges, railway bridges, tunnels, highways, expressways, and runways. As of Fiscal 2024, it is one of the fastest-growing EPC companies in terms of three-year revenue CAGR among those with a turnover exceeding INR 10,000 million. The company boasts over 20 years of industry experience. The company’s principal business operations are broadly divided into EPC projects and hybrid annuity model (HAM) projects, spanning ten states in India.

As of July 2024, Ceigall India has completed over 34 projects, including 16 EPC, one HAM, five O&M, and 12 Item Rate Projects in the roads and highways sector. Currently, the company has 18 ongoing projects, comprising 13 EPC projects and five HAM projects, which include elevated corridors, bridges, flyovers, rail over-bridges, tunnels, expressways, runways, metro projects, and multi-lane highways.

As of 30 June 2024, Ceigall India’s Order Book amounted to INR 9,470.84 crore, compared to INR 9,225.78 crore in Fiscal 2024. Projects awarded by NHAI contributed 80.31% to its Order Book. Other public-sector clients include Indian Railway Construction International Limited (IRCON), Military Engineer Services (MES), and Bihar State Road Development Corporation Limited (BSRDCL).

Promoters of Ceigall India – Ramneek Sehgal, Ramneek Sehgal, and Sons HUF and RS Family Trust

Ceigall India IPO Details

Ceigall India IPO Dates	1 – 5 August 2024
Ceigall India Issue Price	Coming soon
Fresh issue	INR 684.25 crore
Offer For Sale	1,41,74,840 shares
Total IPO size	Coming soon
Minimum bid (lot size)	Coming soon
Face Value	INR 5 per share
Retail Allocation	35%
Listing On	NSE, BSE

Ceigall India Financial Performance

	FY 2022	FY 2023	FY 2024
Revenue	1,133.79	2,068.17	3,029.35
Expenses	977.03	1,861.85	2,660.83
Net income	125.86	167.27	304.31
Margin (%)	11.10	8.09	10.05

Figures in INR Crores unless specified otherwise

Ceigall India Offer News

Ceigall India Valuations & Margins

	FY 2022	FY 2023 (Pre Issue)	FY 2024 (Post-Issue)*
EPS	8.01	10.65	19.37
PE Ratio	–	–	–

* Calculated on the basis of annualized Profits After Tax for FY 2024

	FY 2022	FY 2023	FY 2024
RONW (%)	29.19	28.20	33.57
NAV	54.89	75.48	57.68
ROCE (%)	29.84	28.67	31.98
EBITDA (%)	16.40	14.29	17.09
Debt/Equity	0.73	1.18	1.17

*Compiled by IPO Central from Prospectus

Ceigall India IPO GMP Today (Daily Trend)

Ceigall India IPO Objectives

The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

Purchase of equipment – INR 99.79 crore
Repayment/ prepayment, in full or in part, of certain borrowings availed by the company and its subsidiary Ceigall Infra Projects Private Limited – INR 413.40 crore
General corporate purposes

Ceigall India IPO Subscription – Live Updates

Coming soon

Ceigall India – Comparison With Listed Peers

Company	PE ratio	EPS	RONW (%)	NAV	Revenue (Cr.)
Ceigall India	–	19.37	33.57	57.68	3,029.35
PNC Infratech	14.75	35.45	17.54	202.11	8,649.87
G R Infraprojects	12.60	136.87	17.40	786.27	8,980.15
H.G. Infra Engineering	20.43	82.64	21.94	376.71	5,378.48
KNR Constructions	13.17	27.64	21.51	124.37	4,429.49
ITD Cementation India	29.39	15.93	18.30	87.21	7,717.87
J Kumar Infraprojects	19.68	43.71	12.51	349.44	4,879.21

Ceigall India IPO Allotment Status

Ceigall India IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.

Ceigall India IPO Dates & Listing Performance

IPO Opening Date	1 August 2024
IPO Closing Date	5 August 2024
Finalization of Basis of Allotment	6 August 2024
Initiation of refunds	7 August 2024
Transfer of shares to demat accounts	7 August 2024
Ceigall India IPO Listing Date	8 August 2024
Opening Price on NSE	Coming soon
Closing Price on NSE	Coming soon

Angel One –
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Arihant Capital –
Ashika Research –
BP Wealth –
Capital Market –
Canara Bank Securities –
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Hem Securities –
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Ceigall India Offer Lead Manager

ICICI SECURITIES LIMITED
ICICI Venture House Appasaheb Marathe Marg Prabhadevi
Mumbai 400 025 Maharashtra, India
Phone: +91 22 6807 7100
Email: [email protected]
Website: www.icicisecurities.com

Ceigall India Offer Registrar

LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.linkintime.co.in

CEIGALL INDIA LIMITED
A-898, Tagore Nagar,
Ludhiana 141 001, Punjab, India
Phone: +91 161 4623666
Email: [email protected]
Website: www.ceigall.com

Ceigall India IPO FAQs

How many shares in Ceigall India IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply for the Ceigall India Public Offer?

The best way to apply for Ceigall India’s public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.