The IPO of infrastructure construction company Ceigall India Ltd has received strong demand, and investors are now eagerly awaiting the allotment, which is expected to be finalized today.
Ceigall India’s IPO opened for subscription on August 1 and closed on August 5. The allotment date is today, August 6, and the company will credit shares to the demat accounts of successful bidders on August 7, with refunds issued to unsuccessful bidders the same day.
How to Check Ceigall India IPO Allotment Status
You can check the allotment status online through the BSE website or the official portal of the IPO registrar, Link Intime India Private Ltd. Here’s how:
- Visit Link Intime India’s website: Link Intime IPO Status
- Select ‘Ceigall India Limited’ from the dropdown menu.
- Choose either PAN, Application Number, DP/Client ID, or Account No/IFSC.
- Enter the required details.
- Click on ‘Submit’ to view your allotment status.
Grey Market Premium (GMP)
The GMP for Ceigall India IPO today is ₹19 per share, indicating that shares are trading ₹19 higher than the issue price of ₹401 in the grey market. Based on this GMP, the estimated listing price is ₹420 per share, a 4.74% premium over the issue price.
IPO Subscription Status
Ceigall India’s IPO was subscribed 13.78 times in total:
- Retail investors: 3.77 times
- Qualified Institutional Buyers (QIBs): 31.50 times
- Non-Institutional Investors (NII): 14.42 times
IPO Details
- Subscription Dates: August 1 to August 5
- Allotment Date: August 6
- Listing Date: August 8
- Price Band: ₹380 to ₹401 per share
- Funds Raised: ₹1,252.66 crore (combining fresh issue and offer-for-sale)
The net proceeds will be used for purchasing equipment, repaying certain borrowings, and funding projects by Ceigall Infra Projects Private Limited. ICICI Securities, IIFL Securities Ltd, and JM Financial are the book running lead managers, with Link Intime India Private Ltd as the IPO registrar.
Ceigall India specializes in infrastructure construction and has completed over 34 road and highway projects as of July 2024, with 18 ongoing projects, including 13 EPC and five HAM projects.
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