– Ceigall India Limited’s IPO has hit the market with a price band of ₹380 to ₹401 per equity share.
– The public issue will remain 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.
– The shares are trading at a premium of ₹70 in the grey market.
– By 3:21 PM on day one of bidding, the public issue had been subscribed 0.43 times.
– Analysts recommend subscribing to the issue for medium to long-term gains.
– Reliance Securities and SBI Capital Securities have also given a ‘subscribe’ tag to the public offer.
– Investors are advised to consult certified experts before making any investment decisions.