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Ceigall India IPO GMP Today, Price Range, and Company Details

Ceigall India IPO offers shares at ₹380 to ₹401, with a ₹70 Grey Market Premium. Available in 37 share lots, the subscription runs from August 1 to August 5, 2024.
Ceigall India IPO GMP Today, Price Range, and Company Details

As of July 31, 2024, Ceigall India IPO has a ₹70 as Grey Market Premium, with a price range of ₹380 to ₹401 per share. Offering lots of 37 shares, the subscription window is open from August 1 to August 5, 2024.

Ceigall India Limited IPO GMP Today

The Grey Market Premium (GMP) for Ceigall India Limited is ₹70 as of July 31, 2024. This assessment coincides with a price of ₹380 to ₹401 per share for the IPO.

Ceigall India Limited IPO Review

Ceigall India Limited’s financials reveal a mixed trajectory with rising revenue, from ₹11,337.88 million in 2022 to an expected ₹30,293.52 million by March 2024. Despite improved EPS and RoNW, declining profitability and a decreased inventory turnover ratio raise concerns about sales efficiency and inventory management.

The company has managed to reduce its debt-equity ratio, reflecting less reliance on debt, while its total assets have grown, indicating expansion potential. However, a declining current ratio could signal liquidity issues, complicating the management of short-term obligations. These factors make Ceigall’s financial health a complex picture for potential investors.

To get a full IPO review, click here Ceigall India IPO

Ceigall India Limited IPO Date

Ceigall India Limited will start accepting subscriptions from August 1 to August 5, 2024

Ceigall India Limited IPO Price

Ceigall India Limited’s price range is ₹380 to ₹401 per share with a face value of ₹5 each.

Ceigall India Limited

Ceigall India Limited, an EPC leader with a 20-year history and a 50.13% CAGR, operates across ten Indian states, specialising in elevated roads, bridges, and tunnels. The company has completed 34 projects and has 18 ongoing, achieving early completion on several, including the Malout-Abohar Project, which finished 214 days early, earning bonuses for exceptional performance.

How To Apply For Ceigall India Ltd IPO?

To apply for the Ceigall India IPO through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for Ceigall India on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly.

You can apply for the Ceigall India IPO at Alice Blue in just a few clicks!

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