About Ceigall:
The company is an infrastructure construction firm that has completed over 34 projects in ten states across India, specializing in elevated roads, flyovers, bridges, tunnels, highways, metros, expressways, and runways. Over the past two decades, it has grown from a small construction company into an established EPC player with expertise in designing and constructing road and highway projects (Source: CARE Report). The business model includes EPC, HAM, and O&M projects. For EPC and O&M projects, revenue is recognized based on percentage completion or item rate basis. The company has 18 ongoing projects, including 13 EPC and five HAM projects.
About the Industry in which Ceigall operates:
India is the fastest-growing major economy, with a real GDP of ₹160.06 trillion in Fiscal 2024 and is projected to become the third-largest economy globally by 2027. The infrastructure sector plays a crucial role, contributing 3.50% of the GDP, with ₹52,962.00 billion investments expected between Fiscal 2024 and Fiscal 2028. Road construction is a critical sub-segment for infrastructure development, economic growth, and employment creation. Key growth drivers include rapid urbanization, increased budgetary allocation towards infrastructure, and the Smart Cities Mission. However, the sector faces challenges such as regulatory and policy risks, funding difficulties, land acquisition, and environmental clearances
| Important Information and Timelines of the IPO of Ceigall: | |
|---|---|
| Open Date | 1 August 2024 |
| Close Date | 5 August 2024 |
| Total Issue Size – Number of Shares | 31238480 |
| Minimum Bid Price | 380 |
| Maximum Bid Price | 401 |
| Lot Size | 37 |
| Basis of Allotment | 6 August 2024 |
| Initiation of Refunds and Credit of Shares to Demat | 7 August 2024 |
| Listing Date | 8 August 2024 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Ceigall:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 37 | 14837 |
| Retail – Maximum | 13 | 481 | 192881 |
| sHNI – Minimum | 14 | 518 | 207718 |
| sHNI – Maximum | 67 | 2479 | 994079 |
| bHNI – Minimum | 68 | 2516 | 1008916 |
Objective of the IPO of Ceigall:
1.Purchase of equipment.
2.Repayment/ prepayment, in full or in part, of certain borrowings availed by:
a) Our Company;
b) Our Subsidiary, Ceigall Infra Projects Private Limited.
3.General corporate purposes.
Financials of Ceigall:
| Particulars | As at and for the year ended March 31, 2024 | As at and for the year ended March 31, 2023 | As at and for the year ended March 31, 2022 |
|---|---|---|---|
| Equity Share Capital | 785.68 | 392.84 | 392.84 |
| Net Worth | 9,064.13 | 5,930.62 | 4,312.51 |
| Revenue from Operations | 30,293.52 | 20,681.68 | 11,337.88 |
| Profit for the Period/Year | 3,043.07 | 1,672.72 | 1,258.61 |
| Basic EPS | 19.37 | 10.65 | 8.01 |
| Diluted EPS | 19.37 | 10.65 | 8.01 |
| Net Asset Value per Equity Share | 57.68 | 75.48 | 54.89 |
| Current Borrowings | 4,137.57 | 3,324.99 | 1,459.12 |
| Non-current Borrowings | 6,473.64 | 3,675.99 | 1,703.97 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Ceigall. You will receive a UPI mandate after 10:00 AM on 1 August 2024.
###1. How to apply for the IPO of Ceigall on Dhan?
You can apply for the IPO of Ceigall from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Ceigall be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 7 August 2024. However, you will be able to see the shares of Ceigall on Dhan before the market starts on the listing date which is 8 August 2024.