Ceigall India IPO share allotment soon: Check status, GMP, listing date and other details

The share allotment of Ceigall India IPO is likely to be finalised later today. Investors will get shares on a lottery basis and the whole process is supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE or even on the registrar's website.

Firstly, here's how you can know the status on BSE

Step 1: Visit the BSE Website (https://www.bseindia.com/investors/appli_check.aspx)

Step 2: Please select the issue name, that is the company's name in the drop down.

Step 3: Enter the application number or PAN number to check the allotment status.

To check the status of Ceigall India IPO allotment through the registrar, which is Link Intime India in this case, kindly follow the below steps.

Step 1: Visit the Link Intime India website (https://linkintime.co.in/initial_offer/public-issues.html)

Step 2: Select Ceigall India IPO

Step 3: Enter the PAN details and click search to know the status

Ceigall India GMP
The company's shares are expected to get listed on the exchanges on August 8. According to market sources, Ceigall India is boasting a GMP of Rs 23 in the unlisted market, which translates to a premium of around 6% to the issue price.

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Ceigall India IPO subscription
The IPO of Akums Drugs and Pharma received a healthy response from investors with overall subscription at 13.78 times.

The proceeds from the fresh issue will be utilized by the company for purchase of equipment, repayment/ prepayment of certain borrowings of the company and its subsidiaries and general corporate purposes.

Ceigall India was established in July 2002 and over the past two decades has evolved from a small construction firm to a prominent player in engineering, procurement, and construction (EPC), specializing in the design and development of various road and highway projects.

The Ludhiana-based company has emerged as one of the fastest-growing EPC companies in terms of three-year revenue Compound Annual Growth Rate (CAGR) up to Fiscal 2023, achieving a turnover exceeding Rs 1,000 crore during ..

IIFL Securities, ICICI Securities and JM Financial are the book-running lead managers to the issue, while Link Intime India is the registrar to the offer.