Ceigall India shares began trading on August 8 with moderate gains. Opening at ₹419 on the NSE, a 4.4% premium over the ₹401 issue price, the stock rose 2.9% on the BSE.
Ceigall India Limited IPO, with shares priced between ₹380 and ₹401, opened for subscription from August 1 to August 5. By the final day, it was oversubscribed by 13.75 times, reflecting intense investor interest.
Ceigall India Limited is a top EPC firm, that specialises in elevated roads, bridges, and tunnels. With over 20 years of experience, it boasts a 50.13% CAGR and operates in ten Indian states. The company has completed 34 projects and has 18 ongoing, handling a range of infrastructure tasks.
The objective of Ceigall India Limited IPO is to raise capital for business expansion, enhance working capital, and support general corporate purposes, which may include debt repayment and funding new projects.