Ceigall India IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Ceigall India IPO. Explore Ceigall India IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Ceigall India Limited is a infrastructure construction company with over 20 years of industry experience. Specializing in elevated roads, flyovers, bridges, railway over-bridges, tunnels, highways, expressways, and runways, the company has rapidly grown into a leading engineering, procurement, and construction (EPC) player in India. With a significant year-on-year revenue growth of approximately 43.10% in Fiscal 2024 and a CAGR of 50.13% from Fiscal 2021 to 2024, Ceigall India stands out for its expertise in delivering quality projects on or ahead of schedule. The company operates across ten states in India, focusing on EPC and hybrid annuity model (HAM) projects.
Key Points:
- Specialized Structural Work: Expertise in elevated roads, flyovers, bridges, railway over-bridges, tunnels, highways, expressways, and runways.
- Rapid Growth: Achieved one of the highest year-on-year revenue growth rates of approximately 43.10% in Fiscal 2024 and a CAGR of 50.13% from Fiscal 2021 to 2024.
- Extensive Experience: Over 20 years in the industry, transitioning from a small construction company to an established EPC player.
- Project Execution: Completed over 34 projects, including 16 EPC, one HAM, five O&M, and 12 Item Rate Projects. Currently managing 18 ongoing projects.
- Significant Order Book: Order book amounted to ₹94,708.42 million as of June 30, 2024, with 80.31% of projects awarded by NHAI.
- Major Clients: Includes NHAI, IRCON, MES, and BSRDCL.
- Eligibility and Empanelment: Eligible to bid for single NHAI EPC projects up to ₹57,000.00 million and HAM projects up to ₹55,000.00 million. Empanelled with DMRC and a public sector undertaking for specialized projects.
- Projects: Notable projects include the Ramdas-Gurdaspur Project, Ismailabad-Dhand PKG I Project, Delhi-Saharanpur PKG II Project, and the ongoing Ramban-Banihal PKG II Project.
Objects of the Issue
- Purchase of equipment
- Repayment/ prepayment, in full or in part, of certain borrowings availed by: a) the Company; and b) the Subsidiary, Ceigall Infra Projects Private Limited
- General corporate purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 01 Aug - 05 Aug 2024 |
| IPO Price Band | ₹ 380 – ₹ 401 per share |
| Fresh Issue | ₹ 684.25 crore |
| Offer For Sale | 14,174,840 shares (₹ 568.41 crore) |
| Total IPO Size | Approx 1,252.66 crore |
| Face Value | ₹ 5 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 01 Aug 2024 |
| IPO Closing Date | 05 Aug 2024 |
| Basis Of Allotment | 06 Aug 2024 |
| Refunds | 07 Aug 2024 |
| Demat Transfer | 07 Aug 2024 |
| IPO Listing Date | 08 Aug 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 884.77 | 1,146.50 | 2,087.04 | 3,066.19 |
| Total Expenses | 733.52 | 977.03 | 1,861.85 | 2,660.83 |
| Net Profit/Loss | 112.50 | 125.86 | 167.27 | 304.31 |
| NPM (*) | 12.88 | 11.10 | 8.09 | 10.05 |
| Total Assets | 474.17 | 959.14 | 1,827.82 | 2,592.19 |
| Total Liabilities | 168.88 | 527.89 | 1,234.76 | 1,685.78 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | 7.16 | 8.01 | 10.65 | 19.37 |
| ROE (%) | 36.85 | 29.19 | 28.20 | 33.57 |
| ROCE (%) | 50.62 | 29.84 | 28.67 | 31.98 |
| D/E Ratio | 0.10 | 0.73 | 1.18 | 1.17 |
| Current Ratio | 2.28 | 1.88 | 1.47 | 1.52 |
| EBITDA MARGIN (%) | 18.29 | 16.40 | 14.29 | 17.09 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Ceigall India Limited | 3,029.35 | 20.70 | 19.37 | 33.57 | 57.68 |
| PNC Infratech Limited | 8,649.87 | 14.75 | 35.45 | 17.54 | 202.11 |
| G R Infraprojects Limited | 8,980.15 | 12.60 | 136.87 | 17.40 | 786.27 |
| H.G. Infra Engineering Limited | 5,378.48 | 20.43 | 82.64 | 21.94 | 376.71 |
| KNR Constructions Limited | 4,429.49 | 13.17 | 27.64 | 21.51 | 124.37 |
| ITD Cementation India Limited | 7,717.87 | 29.39 | 15.93 | 18.30 | 87.21 |
| J Kumar Infraprojects Limited | 4,879.21 | 19.68 | 43.71 | 12.51 | 349.44 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 31.26 |
| Non-Institutional Investor (NII/HNI) | 14.83 |
| Retail Individual Investor (RII) | 3.82 |
| Total | 14.01 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- RAMNEEK SEHGAL
- RAMNEEK SEHGAL
- SONS HUF AND RS FAMILY TRUST
Lead Managers
- ICICI Securities Limited
- IIFL Securities Limited
- JM Financial Limited
Company Address
Ceigall India Limited
A-898, Tagore Nagar Ludhiana Punjab 141 001, India
Phone: +91 161 4623666
Email: secretarial@ceigall.com
Website: www.ceigall.com
FAQs
- What is the issue size of the Ceigall India IPO?The Ceigall India IPO has an issue size of Approx 1,252.66 crore. This includes a fresh issue of ₹ 684.25 crore and an offer for sale (OFS) of 14,174,840 shares (₹ 568.41 crore).
- What is the price band of the Ceigall India IPO?The price band for the Ceigall India IPO is ₹ 380 – ₹ 401 per share.
- What are the bidding dates for the Ceigall India IPO?The Ceigall India IPO will open for bidding on 01 Aug 2024 and close on 05 Aug 2024.
- What is the allotment date for the Ceigall India IPO?The allotment date for the Ceigall India IPO is 06 Aug 2024.
- What is the listing date for the Ceigall India IPO?The listing date for the Ceigall India IPO is 08 Aug 2024.
- What is the Ceigall India IPO grey market premium?The grey market premium (GMP) for the Ceigall India IPO is currently at ₹17.5, with an expected listing gain of approximately 4.36%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.