Ceigall India Limited (MAINBOARD)
Aug 1, 2024 - Aug 5, 2024
| Price | ₹380 - ₹401 |
| Premium | ₹17.5 |
|---|---|
| Lot size | 37 |
| Allotment | Aug 6, 2024 |
| Listing | Aug 8, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 37 | 14837 | 295027 |
| sHNI | 14 | 518 | 207718 | 3010 |
| bHNI | 68 | 2516 | 1008916 | 6021 |
Last updated on 05-Aug-2024 19:00:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 6237721 | 194982267 | 31.26 |
| HNIs | 4678291 | 69471200 | 14.85 |
| HNIs 10+ | 3118861 | 50776728 | 16.28 |
| HNIs 2+ | 1559430 | 18694472 | 11.99 |
| Retail | 10916012 | 42345871 | 3.88 |
| Employees | 55096 | 675657 | 12.26 |
| Total | 21887120 | 307474995 | 14.05 |
Application Wise Breakup (Approx) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 6021 | 19069 | 3.17 |
| HNIs (2-10L) | 3010 | 34944 | 11.61 |
| Retail | 295027 | 931966 | 3.16 |
| Total Applications: 1148393 | |||
| © IPO Premium | |||
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹16.83 | @8% ₹19.23 | @9% ₹21.64 | @10% ₹24.04 | @11% ₹26.44 | @12% ₹28.85 |
Ceigall India IPO Details
| Issue Size | [31,238,480] shares (aggregating up to ₹[1252.66] Cr) |
| Fresh Issue | [17063641] shares (aggregating up to ₹684.25Cr) |
| Offer for Sale | 14,174,840 shares of ₹5 (aggregating up to ₹[568.41] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 157,136,000 |
| Share holding Post issue | 174,199,640 |
Ceigall India IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 33.57% | 28.20% | 29.19% |
| ROCE | 31.98% | 28.67% | 29.84% |
| RONW | 33.57% | 28.20% | 29.19% |
| D/E | 1.17 | 1.18 | 0.73 |
| EPS (Diluted) | 19.37 | 10.65 | 8.01 |
| P/E Pre IPO | 20.67 | ||
| P/E Post IPO | 22.91 |
Company Financials
Ceigall India Limited Financial Information (Restated Consolidated)
Ceigall India Limited's revenue increased by 46.92% and profit after tax (PAT) rose by 81.81% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|
| Assets | 2,592.19 | 1,827.82 | 959.14 |
| Revenue | 3,066.19 | 2,087.04 | 1,146.50 |
| Profit | 304.91 | 167.70 | 126.43 |
| Net Worth | 906.41 | 593.06 | 431.25 |
| Borrowing | 1,811.02 | 1,252.58 | 652.12 |
| Amount in ₹ Crore | |||
About Company
Founded in 2002, Ceigall India Limited is a prominent infrastructure construction company specializing in elevated roads, flyovers, bridges, railway overpasses, tunnels, highways, expressways, and runways. By July 2024, the company successfully completed over 34 road and highway projects, including 16 EPC, one HAM, five O&M, and 12 Item Rate Projects. With 18 ongoing projects encompassing elevated corridors, bridges, flyovers, rail over-bridges, tunnels, expressways, runways, metro projects, and multi-lane highways, Ceigall India Limited boasts 1,488.17 lane kilometers of ongoing work and has completed 2,158.72 lane kilometers of O&M projects. Operating in states like Punjab, Haryana, Rajasthan, Uttar Pradesh, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Delhi, Maharashtra, and Bihar, the company received the "Gold Award" at the National Highways Excellence Award, 2020 for the Khemkaran-Amritsar Project and a "Special Award" in 2021 for the Ramdas Gurdaspur Project, including the Kartarpur Sahib Project. With an Order Book valued at ₹94,708.42 million as of June 30, 2024, and a strong workforce of 2,256 permanent employees, Ceigall India Limited continues to lead in the construction and development of major multi-lane highway projects across India.
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Fast-Growing EPC Expertise: Ceigall India Limited is among the fastest-growing EPC companies with extensive experience in executing specialized infrastructure projects, including elevated roads, bridges, and tunnels.
Efficient Business Model: The company’s efficient business model is reflected in its ability to manage a large number of ongoing and completed projects, demonstrating strong project development and execution capabilities.
Proven Operational Excellence: With notable achievements such as prestigious awards and a substantial Order Book, Ceigall India Limited showcases its proven operational capabilities and successful track record in the infrastructure sector.
Dependence on Government Contracts: With 80.31% of its Order Book from NHAI projects and 19.69% from other governmental contracts, Ceigall India Limited is highly reliant on government contracts, making it vulnerable to changes in government policies that could affect contract terms or lead to contract terminations.
Negative Cash Flows: The company has a history of negative cash flows from operating activities and may face future earnings declines or continued operating losses, impacting overall financial stability.
Project Delays and Cost Overruns: Delays in completing ongoing projects could result in contract terminations, cost overruns, or claims for damages, adversely affecting cash flows, business performance, and financial condition.
Phone: +91-22-4918 6270
Email: ceigall.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html