91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4041.09 Crs.  Total funds raised in 2,025.00

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

Ceigall India Limited IPO Analysis

Ceigall India IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 1252.66 Cr. The company is based in Ludhiana and caters to Infrastructure sector. ICICI Securities , IIFL Securities , Jm Financial are the merchant bankers of Ceigall India IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 3rd March 2024.

Ceigall India IPO posted revenues of ₹ 3066.19 crores and PAT of ₹ 304.91 crores in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 3,029.35 Cr.
            EBITDA: ₹ 517.66 Cr.
            PAT: ₹ 304.31 Cr.
  • EBITDA Margin: 17.09 %
            Pat Margin: 10.05 %
  • Net Worth: ₹ 906.41 Cr.
  • Market Capitalisation: ₹ 6985.41 Cr.
  • P/E: 22.91 times
  • P/BV: 3.24 times
  • EV/EBITDA: 15.07 times
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

Ceigall India IPO Financial Performance (Restated)

Financial results of Ceigall India IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials FY24 FY23 FY22
Balance Sheet
Assets 2592.19 1827.82 959.14
Net Worth 906.41 593.06 431.25
Total Debt 1061.12 700.10 316.31
Profit & Loss
Revenue
Revenue on annualised basis
3029.35 2068.17 1133.79
EBITDA
EBITDA on annualised basis
517.66 295.63 185.92
PAT
PAT on annualised basis
304.31 167.27 125.86
Financials
FY24
FY23
FY22
Balance Sheet
Assets
2592.19
1827.82
959.14

Net Worth
906.41
593.06
431.25

Total Debt
1061.12
700.10
316.31

Profit & Loss
Revenue
Revenue on annualised basis
3029.35
3,029.35
2068.17
1133.79

EBITDA
EBITDA on annualised basis
517.66
517.66
295.63
185.92

PAT
PAT on annualised basis
304.31
304.31
167.27
125.86

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Ceigall India IPO Key performance Indicators (KPI)

Ceigall India IPO PAT Margin is 10.05 % , ROCE (Return on Capital Employed) is 31.98 % as per latest financial. The below table shows Ceigall India IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars FY24 FY23 FY22
EBITDA Margin (%) 17.09 14.29 16.40
PAT Margin (%) 10.05 8.09 11.10
EPS (₹) 19.37 10.65 8.01
ROE (%) 33.57 28.20 29.18
ROCE (%) 31.98 28.67 29.84
ROA (%) 11.74 9.15 13.12
Debt to Equity 1.17 1.18 0.73
Particulars
FY24
FY23
FY22

EBITDA Margin (%)
17.09
14.29
16.40

PAT Margin (%)
10.05
8.09
11.10

EPS (₹)
19.37
10.65
8.01

ROE (%)
33.57
28.20
29.18

ROCE (%)
31.98
28.67
29.84

ROA (%)
11.74
9.15
13.12

Debt to Equity (x)  
1.17
1.18
0.73

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Ceigall India IPO Valuation Metrics

The market Capitalisation of Ceigall India IPO is ₹ 6985.41 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
6985.41

Enterprise Value (EV) (₹ Cr.):
7,803.66

EV/EBITDA (times) :
15.07

PE Multiple (times) :
22.91

P/B (times) :
3.24

NAV (₹) :
57.68

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Ceigall India prospectus?

The Ceigall India IPO prospectus highlights an Return on Equity (ROE) of 33.57 % , Return on Assets (ROA) of 11.74 %, and an EBITDA Margin of 17.09 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Ceigall India IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Ceigall India IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Ceigall India IPO ?

The post-IPO market capitalisation of Ceigall India IPO is ₹ 6985.41 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Ceigall India IPO?

The Ceigall India IPO has a Price-to-Earnings (PE) ratio of 22.91 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Ceigall India IPO?

Ceigall India IPO reported revenue of ₹ 3066.19 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Ceigall India IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Ceigall India IPO?

Ceigall India recorded an EBITDA of ₹ 517.66 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Ceigall India IPO?

Ceigall India Profit After Tax (PAT) is ₹ 304.31 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 3,029.35 Cr.
            EBITDA: ₹ 517.66 Cr.
            PAT: ₹ 304.31 Cr.
  • EBITDA Margin: 17.09 %
            Pat Margin: 10.05 %
  • Net Worth: ₹ 906.41 Cr.
  • Market Capitalisation: ₹ 6985.41 Cr.
  • P/E: 22.91 times
  • P/BV: 3.24 times
  • EV/EBITDA: 15.07 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Ceigall India operates in Infrastructure and Infrastructure Construction Company With Expertise In Specialized Structural Projects. The Issue is listed on BSE,NSE in Aug, 2024. Ceigall India IPO size was 1252.66 with Issue price of 401.00 .

Merchant Banker(s) of Ceigall India IPO: ICICI Securities Limited , IIFL Securities Limited , Jm Financial Limited

Ceigall India IPO subscription was 14.01 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Ceigall India IPO listed at a listing price of 386.05 against the offer price of 401.00.

The current market price of Ceigall India is 253.26.

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