IPO
Construction firm Ceigall India’s IPO subscribed 13.78 times
Construction firm Ceigall India 's IPO was subscribed 13.78 times. Qualified institutional buyers (QIBs) led with a subscription rate of 31.5 times their allotted shares, while non-institutional investors (NIIs) subscribed at a rate of 14.42 times their reserved portion, retail individual investors (RIIs) subscribed 3.77 times and the employee portion subscribed 11.55 times. The IPO, valued at INR 1,252.66 crore, includes a fresh issue of 1.71 crore shares worth INR 684.25 crore and an offer for sale of 1.42 crore shares worth INR 568.41 crore. The price band was set between INR 380 and INR 401 per share. The IPO is managed by ICICI Securities Ltd, IIFL Securities Ltd., and JM Financial Ltd., with Link Intime India Pvt Ltd serving as the registrar.
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