Ceigall India IPO Subscription Status

Ceigall India IPO - Day-3 Subscription at 14.01 times

Ceigall India IPO closed on 5th Aug. Shares of Ceigall India are likely to be listed on 8 August on BSE, NSE platform. As of 5th August 2024, Ceigall India IPO received bids for 30,67,00,696 shares much more than the 2,18,87,120 shares offered. It means Ceigall India IPO was oversubscribed 14.01 times by the end of day 3.

Here are the subscription details for Ceigall India IPO as of Day 3 (5th August 2024 at 6:03 pm):  

Ceigall India IPO subscription was mainly driven by HNI / NII investors on day 3, followed by Employees then Qualified Institutional Buyers (QIBs) Lastly retail investors did not show much interest on day 3. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market making segment of the IPO. 

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Subscription Status of Ceigall India IPO for Days 1, 2, and 3

On day 1, Ceigall India IPO was subscribed 0.63 times. By day 2, the subscription status had risen to 1.26 times and on day 3, it reached 14.01 times.

Here are the subscription details for Ceigall India  IPO by category as of Day 3:

Data Source: NSE

Ceigall India IPO received a varied response from different investor categories. Market Maker and Anchor Investors subscribed at 1 time each. Qualified Institutional Buyers (QIBs) participated on day 3 and subscribed 31.26 times. HNIs / NIIs portion subscribed 14.83 times, while Retail Investors subscribed 3.82 times. Overall, Ceigall India IPO was subscribed 14.01 times on Day 3.

Ceigall India IPO - Day-2 Subscription at 1.26 times

Ceigall India IPO will close on 5th Aug. Shares of Ceigall India are likely to be listed on 8 August on BSE, NSE platform. As of 2 August 2024, Ceigall India IPO received bids for 2,75,97,449 shares much more than the 2,18,87,120 shares offered. It means Ceigall India IPO was oversubscribed 1.26 times by the end of day 2.

Here are the subscription details for Ceigall India IPO as of Day 2 (2 August 2024 at 6:03 pm):

Ceigall India IPO subscription was mainly driven by Employees then HNI / NII investors on day 2, followed by retail investors, Qualified Institutional Buyers (QIBs) did not show much interest on day 2. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market making segment of the IPO. 

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Here are the subscription details for Ceigall India IPO by category as of Day 2:

Data Source: NSE

On day 1, Ceigall India IPO was subscribed 0.63 times. By day 2, the subscription status had risen to 1.26 times. Qualified Institutional Buyers (QIBs) did not participate much on day 2 and subscribed 0.01 times. HNIs / NIIs portion subscribed 1.81 times, while Retail Investors subscribed 1.72 times. Overall, Ceigall India IPO was subscribed 1.26 times on Day 2.

Ceigall India IPO Subscription - Day-1 Subscription at 0.63 times

Ceigall India IPO will close on 5th Aug. Shares of Ceigall India are likely to be listed on 8 August on BSE, NSE platform. On 1 August 2024, Ceigall India IPO received bids for 1,37,39,469 shares much more than the 2,18,87,120 shares offered. It means Ceigall India IPO was oversubscribed 0.63 times by the end of the day 1

Here are the subscription details for Ceigall India IPO as of Day 1 (1 August 2024 at 6:32 pm): 

Ceigall India IPO subscription was mainly driven by HNI / NII investors on day 1, followed by Retail investors, Qualified Institutional Buyers (QIBs) did not show interest on day 1. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market making segment of the IPO. 

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Here are the subscription details for Ceigall India IPO by category as of Day 1

Data Source: NSE

On day 1, Ceigall India IPO was subscribed 0.63 times. Qualified Institutional Buyers (QIBs) did not participate on day 1. HNIs / NIIs portion subscribed 0.93 times, while Retail Investors subscribed 0.84 times. Overall, Ceigall India IPO was subscribed 0.63 times on Day 1.

About Ceigall India

Founded in 2002, Ceigall India Limited is an infrastructure construction company specializing in elevated roads, flyovers, bridges, railway overpasses, tunnels, highways, expressways and runways.

By July 2024, the company had completed over 34 road and highway projects, including 16 EPC, one HAM, five O&M and 12 Item Rate Projects. They have 18 ongoing projects (13 EPC and 5 HAM) involving elevated corridors, bridges, flyovers, rail over-bridges, tunnels, expressways, runways, metro projects and multi lane highways. 

Their Order Book values are ₹94,708.42 million (June 30, 2024), ₹92,257.78 million (2024), ₹108,090.43 million (2023), and ₹63,461.30 million (2022).

Highlights of the Ceigall India IPO

• IPO dates:  1 Aug - 5 Aug
• IPO price band: ₹380 - ₹401 per share
• Minimum application lot size: 37 shares
• Minimum investment for retail investors: ₹14,837
• Minimum investment for High Net-worth Investors (HNI): 14 lots (518 shares), ₹207,718
• Registrar: Link Intime India Private Ltd

Ceigall India will utilize the net proceeds to purchase equipment and repay/prepay certain borrowings.