Ceigall India’s Rs1,253-cr IPO to open on Aug 1

New Delhi: Infrastructure company Ceigall India Ltd on Monday fixed a price band of Rs 380 to Rs401 per share for its Rs1,253 crore Initial Public Offering (IPO). The initial share sale will open for public subscription on August 1 and conclude on August 5, the company announced.

The Ludhiana-based company’s IPO is a combination of a fresh issue of Rs684.25 crore and an Offer For Sale (OFS) of up to 1.42 crore equity shares worth Rs568.41 crore, at the upper end of the price band, by the promoters, and individual selling shareholder. At the upper end of the price band, the company’s maiden public issue is pegged at Rs1,252.66 crore.