Ceigall India Limited IPO Opens Today

Ceigall India Limited's IPO opened today, with the offering available until August 5, 2024.

The price band is set at Rs 380 to Rs 401 per share, and the aim is to raise Rs 1,252.66 crore. This includes Rs 684.25 crore from fresh shares and Rs 568.41 crore from an offer for sale (OFS).

Shares are trading at a premium of Rs 70 in the grey market. By 12:42 PM on the first day, the IPO was subscribed 0.27 times, with the retail portion at 0.39 times and the NII portion at 0.33 times.

The IPO, listed on BSE and NSE, has a lot size of 37 shares.

The tentative allotment date is August 6, 2024, and the listing date is August 8, 2024.

Reliance Securities and SBI Capital Securities gave a subscribe rating for the IPO.