Ceigall India IPO - Outlook, Strategies, Financials, Risks And More: DRChoksey

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..DRChoksey Research Report.Outlook and valuation Indian infrastructure sector, particularly road construction, remains a vital part of the country's economic framework, with substantial growth and investment projected over the next few years. Companies like Ceigall India Ltd. are well-positioned within this competitive landscape, leveraging their experience and broad project portfolio to capitalize on ongoing and future infrastructure development initiatives. The company's robust growth trajectory, marked by a 50.13% three-year revenue CAGR and a significant increase in its order book, showcases its strong market position and operational excellence. With an extensive track record in executing complex infrastructure projects and a diversified portfolio that spans roads, highways, railways, and tunnels, the firm is well-positioned for continued expansion. Strategic relationships with key entities like NHAI and ongoing projects with high-profile clients further enhance its revenue visibility and long-term prospects. Given its efficient business model, strong financial metrics, and proven project management capabilities, the company is poised to sustain its growth momentum in the coming years. Ceigall enjoys superior return ratios versus its with ROE at 24%, additionally the PAT margin is relatively higher compared to its peers. Considering these factors, we assign a Subscribe rating to this stock as the company is attractively valued 23 times relative to its FY24 EPS..Ceigall India Ltd. launched its initial public offering today 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 by promoters and investor selling shareholder..Object of the offerPurchase of equipment.Repayment/ prepayment of certain borrowings.General corporate purposes..Click on the attachment to read the full IPO report:.Ceigall India IPO - Valuation, Financials, Risks, Concerns, Peer Comparison And More: Motilal Oswal.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 - Outlook, Strategies, Financials, Risks And More: DRChoksey

The Rs 1253 crore IPO launched today and the company has set a price band of Rs 380-401 per share.

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