Ceigall India IPO: Everything You Need to Know

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Ceigall India IPO: Everything You Need to Know

Ceigall India IPO is a book built issue of Rs 1,252.66 crores.

July 31st, 2024 News

Introduction

Ceigall India Limited, an infrastructure construction company, is set to launch its Initial Public Offering (IPO) to raise ₹1,252.66 crores. The IPO consists of a fresh issue of 1.71 crore shares worth ₹684.25 crores and an offer for sale of 1.42 crore shares totaling ₹568.41 crores.

🗓️ IPO Schedule:

Opens: August 1, 2024
Closes: August 5, 2024
Basis of Allotment: August 6, 2024
Initiation of Refunds: August 7, 2024
Credit of Shares to Demat: August 7, 2024
Listing Date: August 8, 2024
Price Band: ₹380 to ₹401 per share
Lot Size: 37 Shares

📊 Issue Breakdown:

Total Issue Size: 31,238,480 shares (₹1,252.66 Cr)
Fresh Issue: 17,063,640 shares (₹684.25 Cr)
Offer for Sale: 14,174,840 shares (₹568.41 Cr)
Employee Discount: ₹38 per share

IPO Promoter Holding:

Pre Issue: 99.99%
Post Issue: [Pending Details]

💼 Company Overview:

Founded in 2002, Ceigall India Limited specializes in constructing and developing major infrastructure projects such as elevated roads, flyovers, bridges, railway overpasses, tunnels, highways, expressways, and runways. The company has completed over 34 projects and is currently engaged in 18 ongoing projects across various Indian states.

🌐 Key Features:

Order Book: ₹94,708.42 million as of June 30, 2024.
Awards: Gold Award at National Highways Excellence Award, 2020, and Special Award at National Highways Excellence Awards, 2021.

💹 Financial Performance:

Revenue Growth: Increased by 46.92% between FY 2023 and FY 2024.
Profit After Tax (PAT): Rose by 81.81% between FY 2023 and FY 2024.

📈 Key Performance Indicators (KPI):

ROE: 33.57%
ROCE: 31.98%
Debt/Equity: 1.17
RoNW: 33.57%
P/BV: 6.95
PAT Margin: 10.05%
Pre IPO EPS: ₹19.4
Post IPO EPS: ₹17.5
Pre IPO P/E: 20.67x
Post IPO P/E: 22.91x

📊 Market Capitalization:

Market Cap: ₹6985.41 Cr

🏢 Book Running Lead Managers:

ICICI Securities Limited
IIFL Securities Ltd
JM Financial Limited

📋 Registrar:

Link Intime India Private Ltd

Lot Size Calculator:

Retail (Min): 1 lot (37 shares) = ₹14,837
Retail (Max): 13 lots (481 shares) = ₹192,881
S-HNI (Min): 14 lots (518 shares) = ₹207,718
S-HNI (Max): 67 lots (2,479 shares) = ₹994,079
B-HNI (Min): 68 lots (2,516 shares) = ₹1,008,916

Objects of the Issue:

Purchase of equipment.
Repayment/prepayment of certain borrowings availed by Ceigall India Limited and its subsidiary, Ceigall Infra Projects Private Limited.

Ceigall India Limited has shown robust growth in recent years, positioning itself as a significant player in the infrastructure sector. The IPO proceeds will bolster its financial position, allowing for further expansion and reduction of debt, ensuring sustainable growth