Business Standard

Ceigall India Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

1,252.66 cr

Price Range (₹)

401

Lot Size

37

Min Investment (₹)

14,837.00

Listing Exchange

MumbaiNSE

Open Date

01-Aug-2024

Close Date

05-Aug-2024

Listing Date

08-Aug-2024

Ceigall India Ltd News

    The Shares of Ceigall India Ltd have now been listed.

    Ceigall India Ltd IPO Details

    Initial public offering of 31,243,701 equity shares of face value of Rs. 5 each (Equity Shares) of Ceigall India Limited (The Company or the Issuer) for cash at a price of Rs. 401 per equity share including a securities premium of Rs. 396 per equity share (the Offer Price) aggregating to Rs. 1252.66 crores (the Offer). The offer comprises a fresh issue of 17,068,861 equity shares by the company aggregating to Rs. 684.25 crores (the Fresh Issue) and an offer for sale of 14,174,840 equity shares (the Offered Shares) aggregating to Rs. 568.41 crores (the Offer for Sale), comprising 4,248,300 equity shares of face value of Rs. 5 each aggregating to Rs. 170.36 crores by Ramneek Sehgal, 7,536,050 equity shares of face value of Rs. 5 each aggregating to Rs. 302.20 crores by Ramneek Sehgal and Sons huf (together Promoter Selling Shareholders), 4,950 equity shares of face value of Rs. 5 each aggregating to Rs 0.20 crores by Avneet Luthra, 919,960 equity shares of face value of Rs. 5 each aggregating to Rs. 36.89 crores by Mohinder Pal Singh sehgal, 548,980 equity shares aggregating to Rs. 22.01 crores by Parmjit Sehgal, 914,950 equity shares of face value of Rs. 5 each aggregating to Rs. 36.69 crores by Simran Sehgal (collectively referred to as the Promoter Group Selling Shareholders), and 1,650 equity shares of face value of Rs. 5 each aggregating to Rs. 0.07 crores by Kanwaldeep Singh Luthra (Individual Selling Shareholder and together with the promoter selling shareholders and the promoter group selling shareholders referred to as the Selling Shareholders).The offer includes a reservation of 55,096* equity shares of face value of Rs. 5 each, aggregating to Rs. 2.00 crores (constituting 0.03% of the post offer paidup equity share capital of the company, for subscription by eligible employees (the Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer shall constitute 17.94% and 17.90%, respectively, of the post-offer paid-up equity share capital of the company. The company may, in consultation with the book running lead managers (brlms), offer a discount of Rs. 38 on the offer price to eligible employees bidding in the employee reservation portion (Employee Discount).*Subject to finalization of basis of allotment.

    Objective of issue

    Purchase of equipment. Repaymet/prepayment in full or in part of certain borrowings availed by the company and its subsidiary CIPPL. General corporate purposes.

    Ceigall India Ltd Contact Details

    Ceigall India Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - secretarial@ceigall.com

    Website - www.ceigall.com