Ceigall India IPO opened for subscription on August 01. Investors can bid for the issue till August 03.
Ceigall India is an infrastructure construction company that specialises in structural projects like elevated roads, flyovers, bridges, etc. As of July 2024, the company has finished 34 road and highway projects such as 16 EPC, one HAM project, O&M projects, and many others. The company has 18 ongoing projects, including 13 EPC projects and five HAM projects.
Issue Size
The company wants to collect Rs 1,252.66 crore through fresh issue as well as an offer for sale. Ceigall India will aggregate Rs 684.25 crore by selling 17.1 million shares and Rs 568.41 crore by offering 14.2 million shares.
Price Band
The company has kept the IPO price band in a range of Rs 380 to Rs 401 per equity share. The allotment of shares is expected to be finalised by August 06 and listed thereafter on NSE and BSE on August 08, as per the tentative schedule.
Minimum Investment Required
The minimum investment required for a retail investor needs to be at least Rs 14,837 as a single lot contains 37 shares. Meanwhile, there are different lot sizes for NIIs and QIBs.
BRLMs and Registrar
ICICI Securities, IIFL Securities, and JM Financial are the book-running lead managers of Ceigall India’s issue. Link Intime India has been chosen as the registrar for the IPO.