– Ceigall India’s IPO opens for bidding from August 01 to August 05
– The company is offering shares in the range of Rs 380-401 apiece
– Ceigall India specializes in infrastructure construction with expertise in specialized structural projects
– The IPO includes fresh share sale of Rs 684.25 crore and offer-for-sale of up to 1,41,74,840 equity shares
– The company has 18 ongoing projects and a strong order book of Rs 9,470.84 crore
– Financial performance for FY 2023-24 shows a net profit of Rs 304.91 crore
– Various brokerage firms recommend subscribing to the IPO with caution, especially for long-term investors
– Ceigall India has a strong track record of revenue and profit growth, but some risks include high debt levels and geographical concentration in certain states.