– Ceigall India IPO has hit the Indian primary market with a price band of ₹380 to ₹401 per share
– The company aims to raise ₹1,252.66 crore, with ₹684.25 crore through fresh shares and ₹568.41 crore through offer for sale
– By day one of bidding, the public issue had been subscribed 0.35 times, with the retail portion filled 0.51 times and NII portion filled 0.42 times
– Shares are trading at a premium of ₹70 in the grey market
– The company specializes in infrastructure and construction projects, with impressive growth in top and bottom lines
– Analysts recommend subscribing to the issue for medium to long-term gains
– Reliance Securities and SBI Capital Securities also recommend subscribing to the IPO
– Investors should consult with certified experts before making investment decisions.