Ceigall India IPO Subscription – Live Status

Last updated on August 9, 2024

Ceigall India IPO subscription started on 1 August 2024 and will close on 5 August 2024. Ceigall India plans to raise around INR 1,222.89 – 1,252.66 crores via the IPO. The price band is fixed at INR 380 – 401 per share. The Ceigall India IPO market lot has 37 shares and the minimum application amount is INR 14,837. The retail quota is 35%, QIB is 50% and NII is 15%.

Check Ceigall India IPO subscription status here. The subscription figures are taken from BSE and NSE and are updated at regular intervals. The public issue has QIB, NII, and Retail categories for the subscription. In addition, there are shares reserved for employees and the company is giving nearly 10% discount to its employees. Here you can find Ceigall India IPO subscription status segregated by days and investor categories.

Ceigall India IPO Subscription Status – Live Updates

Anchor allocation of 93,56,581 shares is not included in the above calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.

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Ceigall India – Business Background

Ceigall India is an infrastructure construction company established in 2002, specializing in elevated roads, flyovers, bridges, and other significant structural projects. With over two decades of experience, the company has grown to become a prominent player in the engineering, procurement, and construction (EPC) sector, operating in ten states across India. Its portfolio includes both EPC and Hybrid Annuity Model (HAM) projects, focusing on enhancing connectivity and infrastructure development throughout the country.

Ceigall India has completed over 34 projects, including 16 EPC projects and several others in operation and maintenance. As of June 2024, the company has an impressive order book valued at INR 9,470.8 crore, reflecting strong demand for its services in the infrastructure sector. The company reported significant financial growth, with revenue increasing by nearly 47% to INR 3,066.19 crore in FY24, and a profit-after-tax surge of approximately 82% to INR 304.91 crore compared to the previous fiscal year.

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Investor Categories in Ceigall India IPO Subscription

The three most important categories of IPO investors defined by SEBI are part of the Ceigall India IPO.

Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.

Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.

Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.

The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).

Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. In the event of the IPO-bound company not fulfilling this criterion, only 10% of shares are reserved for retail investors. 

Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.

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Ceigall India IPO Subscription Status FAQs