Ceigall India Ltd. IPO

Ceigall India Limited is a leading EPC company specializing in infrastructure projects like elevated roads, bridges, and tunnels. They have a strong track record of executing complex projects and have grown rapidly with a CAGR of 50.13% between FY21 and FY24. They are focused on the Indian market, particularly government infrastructure projects, and have a strong order book. Ceigall aims to capitalize on the growing infrastructure investment in India.

Ceigall India Ltd. IPO Details

Check out the issue details for Ceigall India Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 401

Price Band

₹ 380 - 401

Issue Size

1252.66 Cr.

Issue Type

Book Built

Open

2024-08-01

Close

2024-08-05

Listingprice

₹ 419

ListingGain

4.49%

Listing Date

2024-08-08

CMP

₹ 240.26

Current Return

-40.08%

Ceigall India Ltd. News

Ceigall India’s arm emerges as L1 bidder for construction of Indore Ujjain Green field project28 Nov 2025, 3:13PM Ceigall India bags LoA worth Rs 12.19 crore27 Nov 2025, 2:59PM Ceigall India informs about allotment of ESOP 27 Nov 2025, 11:53AM Ceigall India informs about press release25 Nov 2025, 3:01PM Ceigall India informs about press release25 Nov 2025, 12:32PM Ceigall India gains on bagging LOI from REC Power Development and Consultancy25 Nov 2025, 11:36AM Ceigall India bags LOI from REC Power Development and Consultancy25 Nov 2025, 11:09AM Ceigall India incorporates wholly owned subsidiary in Singapore21 Nov 2025, 2:10PM Ceigall India informs about financial close for project23 Oct 2025, 11:17AM Ceigall India secures Rs 6.61 crore Arbitration Award from Arbitral Tribunal10 Oct 2025, 2:10PM Ceigall India informs about confirmation certificate 7 Oct 2025, 3:10PM Ceigall India bags LoA worth Rs 597.00 crore3 Oct 2025, 4:42PM Ceigall India bags order worth Rs 225 crore1 Oct 2025, 10:08AM Ceigall India informs about press release30 Sep 2025, 2:37PM Ceigall India’s joint venture bags LoA worth Rs 509.20 crore26 Sep 2025, 3:30PM Ceigall India emerges as lowest bidder for 220 MW project in Madhya Pradesh22 Sep 2025, 11:19AM Ceigall India emerges as L1 bidder for tender invited by GMADA 13 Sep 2025, 11:01AM Ceigall India receives LoI for procurement of 147 MW solar power in Maharashtra8 Sep 2025, 9:50AM Ceigall India receives LoI for procurement of 190 MW solar power in Maharashtra8 Sep 2025, 9:08AM Ceigall India emerges as L1 bidder for Himachal Pradesh project 12 Aug 2025, 12:59PM

Company Financials

You can get the following financial statements of Ceigall India Ltd. as of now.

The details about the Ceigall India Limited IPO is as:

  • The issue size of the IPO is 1252.66 Cr.
  • The price band for Ceigall India Limited IPO is Rs 380 to Rs 401.
  • The shares of Ceigall India Limited IPO will list on 8th August 2024.
  • The latest tentative GMP of Ceigall India Limited IPO is Rs 25.
  • The shares of Ceigall India Limited IPO is subscribed 14.01 Times as of 5th August 2024.

 

Ceigall India Limited IPO Valuation

The approx valuation of Ceigall India Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 401
Existing Shares (Qty) 15.71 Cr
Fresh Issue 617.69 Cr
Market Cap 6917.4 Cr
EPS (FY24) Rs 19.37
PE Ratio 20.70x
Industry PE 18.34x

 

Ceigall India Limited IPO Issue Size

Ceigall India Limited IPO issue size is 1252.66 Cr

Issue Amount
Fresh Issue 617.69 Cr
Offer For Sale 568.41 Cr

 

Ceigall India Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 37 shares and a maximum of 13 lots of 481 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 37 Rs 14,837
 Maximum 13 481 Rs 1,92,881

 

Ceigall India Limited IPO share offer

The shares of Ceigall India Limited IPO is subscribed 14.01 Times as of 5th August 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 31.26 Times
Non-Institutional Minimum 15% 14.83 Times
Retail Individual Minimum 35% 3.82 Times
Employee 55,096 Shares 11.84 Times
Total   14.01 Times

Find below the dates for Ceigall India Limited IPO:

Schedule Date
Basis of Allotment 6 August 2024
Refunds 7 August 2024
Credit to Demat Account 7 August 2024
IPO Listing Date 8 August 2024

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2023 Mar 2024 Mar 2025
Net Sales 2065.34 2954.75 3384.78
Total Expenditure 1767.08 2516.16 2952.57
Operating Profit 298.26 438.59 432.21
Other Income 20.36 37.05 53.18
Interest 32.42 61.21 72.36
Depreciation 37.6 46.4 51.46
Exceptional Items 0 0 0
Profit Before Tax 248.61 368.04 361.57
Provision for Tax 63.3 91.11 91.32
Net Profit 185.31 276.93 270.25
Adjusted EPS (Rs.) 1.18 1.76 1.55

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 39.28 78.57 87.1
Total Reserves 573.8 799.89 1712.14
Borrowings 132.37 127.31 166.27
Other N/C liabilities -0.09 -1.1 -6.45
Current liabilities 861.11 954.95 1489.59
Total Liabilities 1606.47 1959.6 3448.65
Assets
Net Block 248.83 275.12 314.89
Capital WIP 1.84 2.01 10.08
Intangible WIP 0 0 0
Investments 56.47 198.42 340.4
Loans & Advances 9.06 53.33 146.09
Other N/C Assets 9.28 30.49 21.42
Current Assets 1280.99 1400.24 2615.78
Total Assets 1606.47 1959.6 3448.65
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Other Income 14.7 9.72 20.44 15.15 16.42
Profit Before Tax 84.96 91.21 93.62 74.28 74.47
Tax 21.68 23 23.97 18.36 18.6
Profit After Tax 63.28 68.2 69.65 55.92 55.86
Adjusted EPS (Rs) 3.63 3.92 4 3.21 3.21

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2025 82.06 0
Jun 2025 82.06 0
Mar 2025 82.06 0
Dec 2024 82.06 0
Sep 2024 82.06 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2023 Mar 2024 Mar 2025
Profit from operations 248.61 368.04 361.57
Adjustment 55.22 75.77 81.68
Changes in Assets & Liabilities -209.35 -170.27 -613.56
Tax Paid -63.64 -93.97 -103.6
Operating Cash Flow 30.82 179.58 -273.91
Investing Cash Flow -164.49 -135.38 -281.93
Financing Cash Flow 257.52 -32.01 705.75
Net Cash Flow 123.85 12.19 149.91
X