Ceigall India Limited IPO

Company Profile

Founded in 2002, Ceigall India Limited is a prominent infrastructure construction company specializing in specialized structural projects, including elevated roads, flyovers, bridges, railway overpasses, tunnels, highways, expressways, and runways. Regional Specialization

The company is renowned for its expertise in constructing, developing, and executing major multi-lane highway projects with specialized structures across various Indian states, including Punjab, Haryana, Rajasthan, Uttar Pradesh, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Delhi, Maharashtra, and Bihar.

Awards and Recognitions

Ceigall India Limited has received notable accolades, including:

• "Gold Award" at the National Highways Excellence Award, 2020 for the Khemkaran-Amritsar Project.

• "Special Award" at the National Highways Excellence Awards, 2021 for the Ramdas Gurdaspur Project, including the Kartarpur Sahib Project.
  

Recent Key Projects

Recently completed key projects by the company include:

• Widening of a road in Punjab

• Construction of the Kartarpur-Sahib Project

• Completion of an elevated corridor portion for the Delhi-Saharanpur Project

Objectives of the Issue

The company proposes to utilize the net proceeds from the IPO towards:

1. Purchase of equipment

2. Repayment and prepayment of borrowings

Ceigall India IPO: Key Details IPO Dates: 1 to 5 August 2024

Price Band: ₹380 to ₹401 per share

Lot Size: 37 shares

Total Issue Size: ₹1,252.66 Crores

Retail Quota: 35%

GMP: +5% (for information purposes only)

Allotment Link

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