Ceigall India is into Infrastructure EPC and is looking raise funds through Fresh Issue and Offer For Sale
Ceigall India IPO Update:
Ceigall India Limited IPO: Delhi based Ceigall India Limited established in the year 2002 and is into Infrastructure - EPC sector.
Company is promoted by Ramneek Sehgal, Ramneek Sehgal and Sons HUF and RS Family Trust. Pre-Offer Promoter and Promoter group stake in the company is 99.99%.
Ceigall India Limited has filed Red Herring Prospectus (RHP) for proposed initial public offer (IPO). Total issue size is INR 1,253 Crores calculated on upper price band (face value of INR 5 per share) via initial public offering.
Initial Public Offer comprising of a Fresh Issue of Equity shares aggregating up to Rs 684.252 Cr and an Offer for Sale of up to 14,174,840 Equity Shares. ICICI Securities, IIFL Securities, JM Financial have been appointed as lead merchant bankers for the proposed IPO. It has appointed Link Intime India Private Limited as Registrar and Share transfer Agent.
Details about upcoming IPO:
As per the details available in RHP, Price band is Rs 380 to Rs 401 with lot size of 37 shares and in multiples thereof. Objects of the issue is 1) Purchase of equipments - Rs118.78 Cr , 2) Repayment / prepayment of debt - Rs344.5 Cr, and 3) General Corporate Purpose.
IPO Dates:
IPO will open on August 01, 2024 and close on August 01, 2024. Tentative date of listing on stock exchanges is August 08, 2024
Want to know more details about the IPO, please visit here Ceigall India Limited
Source: SEBI, BSE, NSE, DRHP, Ceigall India, Industry Data
Disclaimer: Above article only publishes details about the IPO and for educational purpose only. It doesn't solicit or invite any interest to invest in any kind of securities. Please visit respective sources to verify and know more details about the IPO. We advise investors to take opinion from certified/SEBI registered experts before taking any investment decisions.
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