Company Overview
Established in 2002, Ceigall India Limited stands out as a leading infrastructure construction company, focusing on specialized structural projects such as elevated roads, flyovers, bridges, railway overpasses, tunnels, highways, expressways, and runways.
Regional Expertise
Ceigall India Limited is distinguished by its proficiency in managing and executing large-scale multi-lane highway projects with specialized structures. Their operations span numerous Indian states, including Punjab, Haryana, Rajasthan, Uttar Pradesh, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Delhi, Maharashtra, and Bihar.
Awards and Recognitions
Ceigall India Limited has garnered significant recognition, including:
- Gold Award at the National Highways Excellence Award, 2020, for the Khemkaran-Amritsar Project.
- Special Award at the National Highways Excellence Awards, 2021, for the Ramdas Gurdaspur Project, which encompasses the Kartarpur Sahib Project.
Recent Key Projects
Among the notable projects recently completed by Ceigall India Limited are:
- Road widening in Punjab.
- Construction of the Kartarpur-Sahib Project.
- Completion of an elevated corridor segment for the Delhi-Saharanpur Project.
Objectives of the IPO
The net proceeds from the IPO are intended to be used for:
- Purchasing new equipment.
- Repaying and prepaying existing borrowings.
Summary of Financial Information:
| Period Ended | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
|---|---|---|---|
| Assets | 2,592.19 | 1,827.82 | 959.14 |
| Revenue | 3,066.19 | 2,087.04 | 1,146.50 |
| Profit After Tax | 304.91 | 167.7 | 126.43 |
| Net Worth | 906.41 | 593.06 | 431.25 |
| Total Borrowing | 1,811.02 | 1,252.58 | 652.12 |
Comparison with Listed Peers:
| Company Name | P/E | P/B | RoE (%) |
|---|---|---|---|
| Ceigall India Ltd | 21 | 7 | 34 |
| PNC Infratech Ltd | 14 | 3 | 17 |
| GR Infraprojects Ltd | 13 | 2 | 26 |
| H.G. Infra Engineering Ltd | 20 | 4 | 29 |
| KNR Constructions Ltd | 13 | 3 | 17 |
| ITD Cementation India Ltd | 32 | 6 | 11 |
| J Kumar Infraprojects Ltd | 19 | 2 | 12 |
Key details of the IPO:
IPO Dates: 1 Aug to 5 Aug, 2024
Price Band: Rs. 380 to Rs. 401 per share
Lot Size: 37 shares
Listing Date: 8 Aug, 2024
Total Issue Size: Rs. 1252.66 Cr. (Fresh Issue = Rs. 684.25 Cr. )
Retail Quota: 35%
GMP: Rs. 85 (Only for information purposes.)
Note: For additional information & risk factors please refer to the Red Herring Prospectus
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Disclaimer: We are not SEBI registered. All the views are personal and only for educational purposes. Do your due diligence before making any trading or investing decisions. The data provided in this blog post is for illustrative purposes only and does not constitute financial advice. Always consult with a qualified financial advisor before making investment decisions.
