Ceigall India IPO Details
Issue Date
--
Price Range
₹380 - ₹401
Lot Size
37
IPO Size
₹1252.87 Cr
Ceigall India IPO Listing Details
Listing On
8 Aug'24
Issue Price
₹401
Listed Price
₹ 419
Retail Gain/Listing Gain
▲4.49%
Schedule of Ceigall India IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
08/08/2024
Ceigall India IPO Review | About the company, IPO issue details, business model | Must Watch
Kotak Neo
•3m 10s
Ceigall India Ltd Company Background
Ceigall India Limited is an infrastructure construction company with experience in undertaking specialised structural work such as elevated roads, flyovers, bridges, railway over bridges, tunnels, highways, expressways and runways.
Over the last two decades, the company has transitioned from a small construction company to an established engineering, procurement and construction (EPC) player, demonstrating expertise in the design and construction of various road and highway projects including specialised structures across 10 states in India (Source: CARE Report).
With that, let's take a look at the competitive strengths and risk factors for Ceigall India Limited:
Ceigall India Ltd Competitive Strengths
One of the fastest-growing EPC companies with experience in executing specialised structures
It is one of the fastest growing EPC companies in terms of three-year revenue CAGR as of Fiscal 2024, among the companies with a turnover of over ₹10,000 million in Fiscal 2024 (Source: CARE Report). In Fiscal 2024, they achieved one of the highest year-on-year revenue growth of approximately 43.10%
Demonstrated project development, execution and operational capabilities
As of March 31, 2024, they have constructed over 1,739.88 kilometres of roads and highways. Their EPC projects, the Khemkaran-Amritsar Project and Ismailabad-Dhand PKG I Project, were completed before the stipulated time. For the two projects, they received bonuses of ₹70.04 million and ₹104.79 million respectively.
Efficient business model
The company efficiently utilises resources, maintains a low working capital cycle, and effectively controls operational expenses. With minimal investment in fixed assets, it purchases most construction equipment on a buy-back basis. Additionally, a high external credit rating ensures low finance costs. This has enabled Ceigall India Limited to achieve a RoCE of 31.98%, 28.67%, and 29.84% and a RoE of 33.57%, 28.20%, and 29.19% for the fiscal years 2024, 2023, and 2022, respectively.
Risk Factors
-
They have sustained negative cash flows from operating activities in the past and may experience earnings declines, operating losses, or negative cash flows from operating activities in the future.
-
Delays in the completion of construction of ongoing projects could lead to the termination of their contracts, cost overruns or claims for damages, which could have an adverse effect on their cash flows, business operations, etc.
-
All projects have been awarded primarily through a competitive bidding process. Bids may not always be accepted and the company may not be able to qualify for, compete and win projects or identify and acquire new projects, which could adversely affect the business.
Key Strategies
- Diversify by leveraging existing capabilities.
- Continue to explore a hybrid annuity-based model to optimise their project portfolio.
- Continue focusing on enhancing execution efficiency.
Ceigall India Ltd Key Financials
Here are the key financials for Ceigall India Limited:
How to apply for IPO through ASBA
Kotak Neo
•04m 01s
How To Apply for Ceigall India Ltd IPO?
Here are the steps to apply for Ceigall India Ltd IPO:
Step 1: Log in to your Kotak Neo Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Ceigall India IPO FAQs
Trending IPOs
20 Jan - 22 Jan'26 | |||||||||
20 Jan - 22 Jan'26 | |||||||||
21 Jan - 23 Jan'26 | |||||||||
27 Jan - 30 Jan'26 | |||||||||
27 Jan - 29 Jan'26 | |||||||||
Trending IPOs
20 Jan - 22 Jan'26 | |||||||||
20 Jan - 22 Jan'26 | |||||||||
21 Jan - 23 Jan'26 | |||||||||
27 Jan - 30 Jan'26 | |||||||||
27 Jan - 29 Jan'26 | |||||||||