Ceigall India, a prominent player in large-scale construction projects, has announced plans for an Initial Public Offering (IPO) to raise approximately ₹1,252 crore. The IPO is set to open on August 1 and will close on August 5.
IPO Details:
- IPO Open Date: August 1
- IPO Close Date: August 5
- Price Band: ₹380 to ₹401 per share
- Lot Size: Minimum of 37 shares, in multiples of 37
Ceigall India intends to use the funds from the IPO for purchasing new machinery, repaying existing loans, and addressing other business needs.
The company, operational since 2002, specializes in constructing major structures such as bridges, high-rise buildings, and other large-scale projects.
Investor Allocation:
- Qualified Institutional Buyers (QIBs): Up to 50% of shares
- Non-Institutional Investors (NIIs): No less than 15% of shares
- Retail Investors: At least 35% of shares
Additional Details:
- Employee Discount: ₹38 per share for eligible employees
- Anchor Investor Allocation Date: July 31
- Basis of Allotment Date: August 6
- Refunds Initiation Date: August 7
- Shares Credit to Demat Account: August 7
- Listing on BSE and NSE: August 8
Investors are advised to conduct thorough research or consult a financial advisor before participating in the IPO. Detailed information is available in the IPO prospectus.