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CEIGALL INDIA

Ceigall India, an infrastructure construction company, specializes in the development of elevated roads, flyovers, bridges, railway bridges, tunnels, highways, expressways, and runways. As of Fiscal Year 2024, it stands out as one of the fastest-growing EPC (Engineering, Procurement, and Construction) companies, with a three-year revenue CAGR among companies with a turnover exceeding INR 10,000 million. The company boasts over 20 years of industry experience.

Ceigall India’s principal business operations are broadly categorized into EPC projects and Hybrid Annuity Model (HAM) projects, extending across ten states in India. By July 2024, the company had successfully completed over 34 projects, including 16 EPC, one HAM, five O&M (Operation & Maintenance), and 12 Item Rate Projects in the roads and highways sector. Presently, it has 18 ongoing projects, comprising 13 EPC projects and five HAM projects, which include elevated corridors, bridges, flyovers, rail over-bridges, tunnels, expressways, runways, metro projects, and multi-lane highways.

As of June 30, 2024, Ceigall India’s Order Book stood at INR 9,470.84 crore, up from INR 9,225.78 crore in Fiscal Year 2024. Projects awarded by the National Highways Authority of India (NHAI) contributed 80.31% to its Order Book. Other significant public-sector clients include Indian Railway Construction International Limited (IRCON), Military Engineer Services (MES), and Bihar State Road Development Corporation Limited (BSRDCL).

Ceigall India IPO Details

Signature Global IPO Details
Ceigall India IPO Dates
1 – 5 August 2024
Ceigall India Issue Price
INR 380 – 401 per share (Employee Discount – INR 38 per share)
Fresh issue
INR 684.25 crore
Offer For Sale
1,41,74,840 shares (INR 538.64 – 568.41 crore)
Total IPO Size
INR 1,222.89 – 1,252.66 crore
Minimum bid (size)
37 shares (INR 14,837)
Face Value
INR 5 per share
Retail Allocation
35%
Listing On
NSE, BSE

Ceigall India Financial Performance

Signature Global Financial Performance

FY22

FY23

FY24

Revenue

1,133.79

2,068.17

3,029.35

Expenses

977.03

1,861.85

2,660.83

Net income

125.86

167.27

304.31

Margin (%)

11.10

8.09

10.05

Figures in INR Crore unless specified otherwise

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