Ahmedabad, July 30, Ceigall India Limited’s Initial Public Offering to open on Thursday, August 1.
In a statement issued here today by the company, it was said that Ceigall India Limited, an infrastructure construction company, having completed over 34 projects across ten states in India with experience in undertaking specialized structural work such as elevated roads, flyovers, bridges, railway over bridges, tunnels, highways, metros, expressways and runways, has fixed the price band of Rs 380/- to Rs 401/- per Equity Share of face value Rs 5/- each for its maiden initial public offer. The Initial Public Offering (“IPO” ) of the Company will open on Thursday, August 1 for subscription and close on Monday, August 5. 
Investors can bid for a minimum of 37 Equity Shares and in multiples of 37 Equity Shares thereafter.
The IPO consists of fresh issue of up to Rs 6,842.52 million and an offer for sale (OFS) of up to 1,41,74,840 equity shares by Promoter Selling Shareholders and Individual Selling Shareholder.
The proceeds from the fresh issue, to the extent of Rs 997.89 million will be used for purchase of equipment, Rs 4,134 million for repayment/ prepayment, in full or in part, of certain borrowings availed by the Company and its Subsidiary, CIPPL and General corporate purposes.
