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:

1. Purchase of equipment.
2. 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