– Ceigall India IPO has hit the Indian primary market with a price band of ₹380 to ₹401 per equity share
– The public issue will be open until 5th August 2024
– The company aims to raise ₹1,252.66 crore, with ₹684.25 crore from fresh shares and ₹568.41 crore from the OFS route
– On the first day of bidding, the public issue had been subscribed 0.43 times
– Ceigall India shares are trading at a premium of ₹70 in the grey market
– Analysts recommend subscribing to the IPO for medium to long-term gains, citing the company’s growth prospects and position in the infrastructure construction sector.