Ceigall India IPO

About Ceigall India Limited

Founded in 2002, Ceigall India Limited is a premier infrastructure construction company specialising in complex structural projects such as elevated roads, flyovers, bridges, railway overpasses, tunnels, highways, expressways, and runways.

By July 2024, Ceigall completed over 34 road and highway projects, including 16 EPC projects, one HAM project, five O&M projects, and 12 Item Rate Projects. The company is actively engaged in 18 ongoing projects, encompassing 13 EPC projects and five HAM projects, featuring elevated corridors, bridges, flyovers, rail over-bridges, tunnels, expressways, runways, metro projects, and multi-lane highways.

As of March 31, 2024, Ceigall has 1,488.17 lane kilometers of ongoing projects and has completed 2,158.72 lane kilometers of O&M projects. The company’s expertise spans various states of India, including Punjab, Haryana, Rajasthan, Uttar Pradesh, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Delhi, Maharashtra, and Bihar.

Ceigall India Limited received the "Gold Award" at the National Highways Excellence Award in 2020 for the Khemkaran-Amritsar Project and the "Special Award" in 2021 for the Ramdas Gurdaspur Project, including the Kartarpur Sahib Project.

The company's Order Book as of June 30, 2024, was ₹94,708.42 million, reflecting robust financial health over the past years. Recently completed key projects include road widening in Punjab, the Kartarpur Sahib Project, and an elevated corridor for the Delhi-Saharanpur Project. As of March 31, 2024, Ceigall employs 2,256 permanent employees, underscoring its capacity for large-scale project execution.

Industry Outlook:

1. India's infrastructure sector, with ₹52,962 billion investments from FY 2024-2028, contributes 3.50% to GDP, driving economic growth and employment.
2. Rapid urbanisation and smart cities initiatives boost infrastructure, but regulatory risks, funding challenges, and land acquisition hurdles remain significant.

Ceigall IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

1. Purchase of equipment.
2. Repayment or prepayment, in full or in part, of certain borrowings availed by:
   • the Company.
   • its Subsidiary, Ceigall Infra Projects Private Limited.
3. General corporate purposes.

Peer Details

The companies considered by Ceigall as its peers include:

1. PNC Infratech Limited
2. G R Infraprojects Limited
3. H.G. Infra Engineering Limited
4. KNR Constructions Limited
5. ITD Cementation India Limited
6. J Kumar Infraprojects Limited

How to Check the Allotment Status of the Ceigall India IPO?

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• Log in to the Angel One app
• Go to the individual order details page of the IPO that you had applied for.
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Contact Details of Ceigall IPO

• Registered office: A-898, Tagore Nagar Ludhiana, Punjab 141 001, India
• Phone: +91 161 4623666
• E-mail:secretarial@ceigall.com