August 8, 2024
New Delhi, India
Ceigall India IPO Listing
Ceigall India Limited’s shares made a moderate debut on the stock exchanges, listing at a premium to the issue price. The IPO had garnered significant interest, reflected in its high subscription rates.
Listing Details:
- NSE Listing: Shares listed at ₹419, a 4.5% premium over the issue price of ₹401.
- BSE Listing: Shares opened at ₹413, a 3% premium over the issue price.
- Issue Price: ₹401 per share.
- Price Range for Offer: ₹380–₹401 per equity share.
IPO Subscription:
- Subscription Dates: August 1, 2024, to August 5, 2024.
- Overall Subscription: 13.75 times.
- Total Bids: 30.68 crore equity shares against 2.23 crore shares on offer.
- Qualified Institutional Buyers (QIBs): 31.50 times subscription.
- Non-Institutional Investors (NIIs): 14.40 times subscription.
- Retail Individual Investors (RIIs): 3.72 times subscription.
RBI MPC: Maintains FY25 Inflation Projection at 4.5%
IPO Details:
- Total IPO Size: ₹1,252.66 crore.
- Fresh Issue: ₹684.25 crore.
- Offer for Sale (OFS): 1.42 crore shares valued at ₹568.41 crore by promoters and individual investors.
- Anchor Investors: Prior to the IPO, the company raised ₹375 crore from anchor investors.
Use of Proceeds:
- Equipment Purchase: Part of the IPO proceeds will be used to buy equipment.
- Debt Repayment: Another portion will be utilized for repaying debt.
- Corporate Purposes: General corporate purposes are also included in the use of proceeds.
Disclaimer:
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