Ceigall India IPO

Ceigall India Ltd IPO: ₹1,252.66 cr. Fresh issue of ₹684.25 cr & offer to sell 1.42 cr shares worth INR 568.41 cr. Funds for equipment, debt, and corporate needs.

Important Details

Open Date : August 1, 2024 Close Date : August 5, 2024 Allotment Date: August 6, 2024 Listing Date: August 8, 2024

Important Details

IPO Price: INR 380-401 per share Lot Size: 37 Shares Total Issue Size: INR 1,252.66 crores

Fundamental Analysis

Ceigall India IPO Analysis shows mixed performance: 1. Revenue: Consistent growth. 2. Debt-Equity Ratio: Decreased. 3. Profitability: Concerns. 4. EPS & RoNW: Improvements, indicating higher earnings. 5. Inventory Turnover: Suggests potential sales or management issues.

Peer Comparison

Ceigall India Ltd: Substantial revenue and EPS growth, solid RoNW. PNC Infratech & G R Infraprojects: Varying performance metrics. Differences in profitability, return ratios, and inventory turnover.

Objective

Objective of Ceigall India Limited: Purchase equipment and repay/prepay borrowings for itself and its subsidiary.

Risks And Challenges

Ceigall India Limited risks: 1. Reliance on government contracts. 2. Exposure to policy changes and delays. 3. Competitive bidding uncertainties. 4. Potential project delays.