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Ceigall India IPO Key high lights
Ceigall India IPO: Key Details
The Ceigall India IPO is set to launch as a book-built issue, raising a total of ₹1,252.66 crores. This IPO includes a fresh issue of 1.71 crore shares valued at ₹684.25 crores and an offer for sale of 1.42 crore shares amounting to ₹568.41 crores.
The subscription period for the Ceigall India IPO begins on August 1, 2024, and ends on August 5, 2024. Allotments are expected to be finalized on August 6, 2024, with the shares slated to list on the BSE and NSE on August 8, 2024. The IPO price band is set between ₹380 and ₹401 per share.
About Ceigall India Limited
eigall India IPO opens on August 1, 2024, and closes on August 5, 2024.
| IPO Open Date | Thursday, August 1, 2024 |
| IPO Close Date | Monday, August 5, 2024 |
| Basis of Allotment | Tuesday, August 6, 2024 |
| Initiation of Refunds | Wednesday, August 7, 2024 |
| Credit of Shares to Demat | Wednesday, August 7, 2024 |
| Listing Date | Thursday, August 8, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 5, 2024 |
Founded in 2002, Ceigall India Limited is a leading infrastructure construction firm specializing in complex structural projects. These include elevated roads, flyovers, bridges, railway overpasses, tunnels, highways, expressways, and runways.
As of July 2024, Ceigall India has successfully completed over 34 major road and highway projects. These encompass various project types, including 16 EPC (Engineering, Procurement, and Construction) projects, one HAM (Hybrid Annuity Model) project, five O&M (Operations and Maintenance) projects, and 12 Item Rate Projects. The company currently has 18 ongoing projects, with 13 being EPC and five HAM projects. These projects cover elevated corridors, bridges, flyovers, rail over-bridges, tunnels, expressways, runways, metro projects, and multi-lane highways.
The company’s portfolio includes 1,488.17 lane kilometers of ongoing projects and 2,158.72 lane kilometers of completed O&M projects as of March 31, 2024. Ceigall India operates across several states in India, including Punjab, Haryana, Rajasthan, Uttar Pradesh, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Delhi, Maharashtra, and Bihar.
Ceigall India has received several accolades for its work, including the “Gold Award” at the National Highways Excellence Award 2020 for the Khemkaran-Amritsar Project. The company was also honored with the “Special Award” at the National Highways Excellence Awards 2021 for the Ramdas Gurdaspur Project and the Kartarpur Sahib Project.
The company’s order book, as of June 30, 2024, includes ₹94,708.42 million in orders. The order books for the previous fiscal years were ₹92,257.78 million (2024), ₹108,090.43 million (2023), and ₹63,461.30 million (2022). Ceigall India has recently completed significant projects such as road widening in Punjab, the Kartarpur-Sahib Project, and an elevated corridor segment for the Delhi-Saharanpur Project.
The company employs 2,256 permanent staff as of March 31, 2024.
How to Apply for Ceigall India IPO through Zerodha
Zerodha customers can apply for the Ceigall India IPO online using UPI as a payment gateway. Here’s how to apply through Zerodha:
- Visit the Zerodha website and log in to the Console.
- Navigate to the Portfolio section and click on the IPOs link.
- Locate the ‘Ceigall India IPO’ entry and click the ‘Bid’ button.
- Enter your UPI ID, quantity, and price.
- Submit the IPO application form.
- Approve the mandate using your UPI app (net banking or BHIM).
Key IPO Dates
- IPO Opening Date: August 1, 2024
- IPO Closing Date: August 5, 2024
- Basis of Allotment Finalization: August 6, 2024
- Credit of Shares to Demat Account: August 7, 2024
- Listing Date: Tentatively August 8, 2024
Applying for Ceigall India IPO
To apply for the Ceigall India IPO, you can use either UPI or ASBA (Applications Supported by Blocked Amount) as payment methods. ASBA applications are accessible through your bank’s net banking facility, while UPI applications are available via brokers who do not offer banking services.
For more detailed guidance on how to apply for the Ceigall India IPO through different platforms like Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank, refer to their respective instructions.
Please verify the documents before investing.
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