Ceigall India Limited is set to launch its IPO from August 1 to August 5, with shares priced between ₹380 and ₹401 each. The company will allocate shares to anchor investors on July 31. The minimum purchase is 65 shares, with additional purchases in multiples of 37 shares.
The IPO reserves 50% of shares for qualified institutional buyers, 15% for non-institutional investors, and 35% for retail investors. Employees can buy shares at a ₹38 discount. Share allotment will be finalized on August 6, with refunds and demat account credits on August 7. Ceigall India shares will list on the BSE and NSE on August 8.
Ceigall India is a top player in the engineering, procurement, and construction (EPC) sector, showing a revenue growth rate of over 43.10% in fiscal 2024. The company has completed 34 projects and is working on 18 more, including tunnels, bridges, and metro projects.
Promoters of the company include Ramneek Sehgal, Ramneek Sehgal and Sons HUF, and RS Family Trust. Ceigall India’s listed competitors include PNC Infratech, G R Infraprojects, and H.G. Infra Engineering. The company’s profit after tax increased by 81.81%, and its revenue grew by 46.92% between March 31, 2023, and March 31, 2024.
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