– Ceigall India’s IPO opens to the public with a total value of ₹1,252.66 crore
– The IPO consists of a fresh issue and an offer-for-sale by promoters and individual shareholders
– The price band for the offer is set at ₹380-401 per share
– Allocation of shares: 50% to qualified institutional buyers, 15% to non-institutional investors, and 35% to retail investors
– The proceeds will be used for equipment purchase and repayment of borrowings
– The company has received ₹375.20 crore from anchor investors
– Ceigall is one of the fastest-growing EPC companies in India with a diverse portfolio of projects
– The company’s order book as of June 2024 is ₹9,470.84 crore, with significant contributions from NHAI projects
– Investors can bid a minimum of 37 shares and in multiples of 37 shares thereafter.