Ceigall India IPO - Investment Rationale, Issue Details, Financials, Risks And More: Anand Rathi

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Anand Rathi Report.Ceigall India Ltd. will launch its initial public offering on August 1 and the offer will close on Aug. 05. The company has set a price band of Rs 380-401 per share, with a face value of Rs 5 each. The minimum lot size for bidding will be 37 shares..The Rs. 1253 crore IPO comprises of fresh issue of 1.71 crore shares aggregating to Rs 684.25 crore and an offer-for-sale of 1.42 crore shares aggregating to Rs 568.41 crore..Objects of fresh issue Purchase of equipment.Repayment/ prepayment, of certain borrowings by them or subsidiary. General corporate purposes..Valuation and Outlook Ceigall India is among the fastest-growing engineering, procurement, and construction companies, based on a three-year compound annual growth rate (CAGR) in revenue as of Fiscal Year 2024. The company has a strong order book spread across various business sectors and geographical regions allowing them to pursue a wider range of project tenders, thereby maximizing their business volume and profit margins. The company's P/E ratio is 22.9 times based on its FY24 earnings, with a market capitalization of Rs 69,854 million after the issuance of equity shares and a market cap-to-sales ratio of 2.3 times its FY24 earnings. Looking at these factors we recommend “Subscribe – Long Term” rating to the IPO..Click on the attachment to read the full IPO report:.Ceigall India IPO: Here's All You Need To Know.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Ceigall India IPO - Investment Rationale, Issue Details, Financials, Risks And More: Anand Rathi

The Rs 1253 crore IPO will be launched on Aug. 01 and the company has set a price band of Rs 380-401 per share.

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