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IPO Details


Ceigall India Ltd
Registered Office: A 898, Tagore Nagar, Ludhiana - 141001, Punjab
Phone: 91-161-4623 666
Email: secretarial@ceigall.com
Website: www.ceigall.com
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.
Issue Money Payable On
Opens On Closes On Application Allotment
01-Aug-2024 05-Aug-2024 401.00 0.00
Minimum Application for shares in Nos : 37 Further Multiples of : 37
()Cr. Lead Managers to the Issue
Project Cost 652.31 ICICI Securities Ltd
Project Financed through Current Offer 1,252.66
Post Issue Equity Share Capital 87.10
Issue Price 401.00
Projects
Purchase of equipment
Repaymet/prepayment in full or in part of certain borrowings availed by the company and its subsidiary CIPPL
General corporate purposes
Promoted By
Ramneek Sehgal
Ramneek Sehgal and Sons HUF
RS Family Trust
Listing At
BSE
NSE
Registrar to the Issue
Link Intime India Pvt Ltd

INDIAN INDICES

Sensex

83,184.80 236.57 (0.29%)

Nifty

25,415.80 38.25 (0.15%)

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