– Ceigall India’s IPO opens for bidding on August 01 and can be subscribed until August 05
– The company offers shares in the range of Rs 380-401 apiece
– Ceigall India is an infrastructure construction company specializing in specialized structural projects
– The IPO includes a fresh share sale of Rs 684.25 crore and an offer-for-sale by promoters and existing shareholders
– The company has 18 ongoing projects and completed over 34 road and highway projects
– Ceigall India reported a net profit of Rs 304.91 crore for the financial year ended on March 31, 2024
– Various brokerage firms recommend subscribing to the IPO, with some suggesting caution due to certain risks
– The company’s IPO is valued at a P/E multiple of around 20-23 times based on its FY24 earnings.