Ceigall India is set to make its debut on the stock market with an initial public offering (IPO) scheduled to open for bidding on Thursday, August 1. The company’s IPO includes a fresh share issuance worth Rs 684.25 crore and an offer-for-sale (OFS) of up to 1,41,74,840 equity shares by its promoters and existing shareholders.
Key Details of the Ceigall India IPO:
- Price Band: The shares will be offered at a price range of Rs 380 to Rs 401 per share.
- Subscription Period: Investors can apply for the IPO from August 1 to August 5.
- Minimum Lot Size: The minimum bid is for 37 equity shares, with additional shares available in multiples of 37.
- Fresh Share Issue: Rs 684.25 crore will be raised through the fresh issuance of shares.
- Offer-for-Sale (OFS): Existing shareholders are selling up to 1,41,74,840 equity shares in the IPO.
Ceigall India, a prominent player in its sector, aims to use the proceeds from the fresh share issue to fund its expansion plans, reduce debt, and enhance its operational capabilities. The IPO represents a significant milestone for the company as it seeks to increase its capital base and broaden its investor base.
The IPO market is witnessing a resurgence with several companies gearing up to list, and Ceigall India’s entry is expected to attract considerable attention from both retail and institutional investors. The price band has been set to balance affordability with valuation, aiming to generate strong interest and achieve a successful listing.
Investors are advised to review the company’s financials, business model, and growth prospects before participating in the IPO.
I am Aparna Sahu
Investment Specialist and Financial Writer
With 2 years of experience in the financial sector, Aparna brings a wealth of knowledge and insight to Investor Welcome. As an accomplished author and investment specialist, Aparna has a passion for demystifying complex financial concepts and empowering investors with actionable strategies. She has been featured in relevant publications, if any, and is dedicated to providing clear, evidence-based analysis that helps clients make informed investment decisions. Aparna Sahu holds a relevant degree or certification and is committed to staying ahead of market trends to deliver the most up-to-date advice.
