Ceigall India Limited IPO GMP

Ceigall India Limited is an infrastructure construction company with experience in undertaking specialized structural works such as elevated roads, flyovers, bridges, Railway over bridges (ROB), tunnels, highways, expressways and runways.

Ceigall, a Book Built Issue amounting to ₹1,252.66 crores, consisting a Fresh Issue of 17.06 Crore Shares worth ₹684.25 Crores and an Offer for Sale of 1.41 Crore Shares totalling to ₹568.41 Crores. The subscription period for the Ceigall IPO opens on August 01, 2024, and closes on August 05, 2024. The allotment is expected to be finalized on or about Wednesday, August 07, 2024, and the shares will be listed on the BSE NSE with a tentative listing date set on or about Thursday, August 08, 2024.

The Share price band of Ceigall IPO is set at ₹380 to ₹401 equity per share, with a minimum lot size of 37 shares. Retail investors are required to invest a minimum of ₹14,837, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (518 shares), amounting to ₹207,718.

ICICI Securities Limited, IIFL Securities Limited and JM Financial Limited are the book-running lead manager, Link Intime India Private Limited is the registrar for the Issue.

Ceigall India Limited IPO GMP Today
The Grey Market Premium of Ceigall India Limited IPO is expected in the range of ₹100 to ₹120 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Ceigall India Limited IPO Live Subscription Status Today
As of 06:44 PM on 02 August 2024, the Ceigall India Limited IPO live subscription status shows that the IPO subscribed 1.23 times on the second day of IPO subscription period. Check the Ceigall India Limited IPO Live Subscription Status Today at NSE.

Ceigall India Limited IPO Allotment Status
Ceigall IPO allotment date is 07 August, 2024, Wednesday. Ceigall IPO Allotment will be out on 7th August 2024 and will be live on Registrar Website from the allotment date. Check Ceigall India Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Ceigall India Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Ceigall India Limited IPO
Ceigall Issue Proceeds from the Fresh Issue will be utilized towards the following objects :
1. ₹997.89 Millions is required for Purchase of equipment; 
2. ₹4,134 Millions is required for Prepayment or repayment of all or a portion of certain outstanding borrowings availed by their company and our subsidiary
3. General Corporate Purposes 
4. To meet out the Issue Expenses.

Refer to Ceigall India Limited RHP for more details about the Company.