Ceigall India IPO Allotment Status Know how to Check

Ceigall India IPO Allotment Status

Ceigall India Ltd recently had an Initial Public Offering (IPO) that began on August 1, 2024 and ended on August 5, 2024. Investors who applied for shares in this IPO can now check their allotment status. The allotment status tells you whether you have been allocated shares in the IPO or not. The company announced that the allotment status was available on August 6, 2024. 

If you got shares, they will be credited to your demat account on August 7, 2024. If you don’t get shares, the money you invested will be refunded on the same day. The IPO was very popular, with a lot of people applying for shares. This strong demand means that many people may not get the shares they want. To see your allotment status, you will need to visit the IPO registrar's website or the BSE website. The registrar for this IPO is Link Intime India Private Ltd.

Ceigall India IPO

The Ceigall India IPO took place from August 1 to August 5, 2024. This was an opportunity for investors to buy shares in Ceigall India Ltd, a company that works in infrastructure construction. The IPO offered shares at a price between ₹380 and ₹401 per share. During the IPO, a lot of people wanted to buy these shares, so the demand was high.

The IPO was subscribed 13.78 times, so more shares were requested than were available. The IPO was divided into different categories, with retail investors subscribing 3.77 times, qualified institutional buyers subscribing 31.50 times, and non-institutional investors subscribing 14.42 times.

The shares are expected to be listed on the BSE and NSE on August 8, 2024. Before that, on August 6, 2024, investors will find out if they got any shares. The shares are currently trading at a slight premium in the grey market.

How to Check Allotment Status? 

Visit the Link Intime India Website:

• Go to the Link Intime India official website.

Select the Company:

• In the dropdown menu, choose ‘Ceigall India Limited.’

Choose Your Option:

• Select one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.

Enter Your Details:

• Fill in the details based on the option you selected.

Submit and View Status:

• Click ‘Submit’ to see your IPO allotment status.

Ceigall India IPO Listing Date 

Ceigall India Ltd's shares are scheduled to be listed on the stock exchanges on August 8, 2024. The shares of Ceigall India will start trading on the BSE and NSE stock exchanges. The listing date is important because it is when the shares become available for public trading. Investors who got shares in the IPO will see their shares listed and can start trading them.

Before the listing, on August 6, 2024, investors can find out if they received any shares through the allotment process. Shares that were successfully allotted will be credited to the investors’ demat accounts on August 7, 2024.

The IPO was popular, so there may be a lot of interest in how the shares perform when they start trading. The price at which the shares will be listed is expected to be higher than the issue price due to the strong demand seen during the IPO.

Ceigall India Limited 

Ceigall India Limited is a company that was started in July 2002. They began their work by taking on road projects for the Punjab Public Works Department in Ludhiana. Their first major project was in 2006, which involved building roads at a cost of ₹62.94 million for 20.42 lane kilometers.

In 2014, they received a significant project from the National Highways Authority of India (NHAI) to build a four-lane highway costing ₹378.10 million for 24.08 lane kilometers.

Currently, Ceigall India Limited is working on an impressive four-lane elevated corridor project, which is one of the longest in India at 14.26 kilometers. They have completed over 34 projects in total, including 16 EPC (Engineering, Procurement, and Construction) projects, one HAM (Hybrid Annuity Model) project, five O&M (Operations and Maintenance) projects, and 12 Item Rate projects in the roads and highways sector.