– The IPO of Ceigall India, an infrastructure construction company, opens to the public today with a size of ₹1,252.66 crores.
– The IPO includes a fresh issue of up to ₹684.25 crore and an offer-for-sale of up to 1.42 crore shares worth ₹568.41 crore.
– The IPO closes on August 5 with a price band of ₹380–401 a share.
– Investors can bid a minimum of 37 equity shares and in multiples of 37 equity shares thereafter.
– The net proceeds from the fresh issue will be used for purchase of equipment and repayment of certain borrowings.
– Ceigall India has garnered ₹375.20 crores from anchor investors, including foreign and domestic institutions.
– The company is one of the fastest growing EPC companies with a 3-year revenue CAGR of 50.1% over FY21-24.
– Ceigall India has a diverse portfolio of projects and a robust business model, positioning itself as a key player in the Indian infrastructure sector.
– As of June 30, 2024, the company’s order book stood at ₹9,470.84 crore, indicating a strong pipeline of future projects.