Ceigall India IPO - Valuation, Financials, Risks, Concerns, Peer Comparison And More: Motilal Oswal

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..Motilal Oswal Report.Over the last two decades, Ceigall India Ltd. has transitioned from a small construction company to an established EPC player. It recently acquired a 50% stake in R.K Infra, which will benefit company in terms of project execution capabilities and bidding credentials for future projects. The IPO is reasonably priced at 23 times FY24 P/E (on diluted basis). We believe with government’s focus on infrastructure, Ceigall is poised to benefit. Recommend Subscribe. .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. The proceeds from the fresh issue will be used for repayment of debt, capex, investment in subsidiary and general corporate purpose. .Click on the attachment to read the full report:.Ceigall India IPO - Investment Rationale, Issue Details, Financials, Risks And More: Anand Rathi.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 - Valuation, Financials, Risks, Concerns, Peer Comparison And More: Motilal Oswal

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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Ceigall India IPO - Valuation, Financials, Risks, Concerns, Peer Comparison And More: Motilal Oswal

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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