Ceigall India IPO
Ceigall India Limited (CEIGALL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 08 August 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +8.3% (likely range -1% to +22%), day's high +15.1%, chance of a gain 51%. Actual: +4.5% at the open, +5.9% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 61,90,764 | 19,49,82,267 | 31.5x | |
| NII (HNI) total | 48,19,326 | 6,94,71,200 | 14.4x | |
| Big NII (above ₹10 lakh) | 32,12,884 | 5,07,76,728 | 15.8x | |
| Small NII (₹2-10 lakh) | 16,06,442 | 1,86,94,472 | 11.6x | |
| Retail | 1,12,45,094 | 4,23,45,871 | 3.77x | |
| Employees | 58,479 | 6,75,657 | 11.6x | |
| Total | 2,23,13,663 | 30,74,74,995 | 13.8x |
Bids on NSE and BSE together, as published by NSE, as of 05 Aug 2024, 07:00 PM. Shares offered exclude the anchor portion. 11% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Ceigall India's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Medi Assist Healthcare ServicesJan 2024 | 40.1x | 14.9x | 3.19x | 16.2x | ₹1,172 Cr | +10.1% | +23.9% |
| R R KabelSep 2023 | 52.3x | 13.2x | 2.13x | 18.7x | ₹1,964 Cr | +14.0% | +17.2% |
| Larsen & Toubro InfotechJul 2016 | 19.9x | 10.8x | 7.39x | 11.7x | ₹1,242 Cr | -6.1% | 0.0% |
| Jana Small Finance BankFeb 2024 | 38.7x | 25.1x | 5.46x | 18.5x | ₹590 Cr | -4.3% | -1.2% |
| Gopal SnacksMar 2024 | 17.5x | 9.50x | 4.01x | 9.02x | ₹685 Cr | -12.5% | -4.0% |
| Muthoot MicrofinDec 2023 | 17.5x | 13.2x | 7.61x | 11.5x | ₹1,009 Cr | -5.4% | -3.4% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| ICICI Securities | 109 | +21.3% | 69% |
| IIFL Securities | 94 | +19.3% | 71% |
| JM Financial | 109 | +22.8% | 75% |
Offer documents (NSE)
Frequently asked
What is the Ceigall India IPO price band and lot size? ₹380–401 per share, with a lot of 37 shares, so the smallest retail bid is ₹14,837.
How many times has it been subscribed? 13.8x overall: QIB 31.5x, NII 14.4x, retail 3.77x, employees 11.6x.
How did it list? It opened at ₹419, +4.5% against the issue price of ₹401, and closed its first day -3.5%.
