Ceigall IPO GMP

2024 - 8 - 5

Should You Invest in Ceigall India IPO? The Battle of the Bids!

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As the clock ticks down on the Ceigall India IPO, investors are on the edge of their seats. Will the shares soar, or is it a risky plunge? Find out the latest on GMP and subscription trends!

The buzz around the Ceigall India IPO is palpable as investors gear up for the final bidding day! Ceigall, the Ludhiana-based infrastructure company, is set to close its IPO subscription today. With shares available in the price band of ₹380-401, the excitement in the grey market saw share prices soaring at a premium of ₹61. This frenzy in the market raises the critical question for many: should you buy or hold off?

Interestingly, the Ceigall India IPO subscription is witnessing quite a dramatic plot twist! On the last day of bidding, the issue has been oversubscribed nearly 3 times, driven by an insatiable demand from employees who are bidding with vigor and showcasing an astonishing oversubscription rate of 8.53 times. Following closely, non-institutional investors are also throwing their hats into the ring, further boosting the excitement levels!

However, while some investors are riding the bullish wave, others are cautious, particularly due to the recent fluctuations in the GMP. After peaking impressively, the grey market premium saw a significant decline amidst the ongoing selloff, prompting investors to reassess their bidding strategies. With retail investors allocated a mere 35% of the total issue shares, the competitive bidding scenario adds to the stakes.

As the countdown nears its end, one can’t help but ponder the fate of Ceigall India’s shares once they hit the market. Interestingly, while you might think investing in infrastructure companies is just about bridges and roads, the sector is evolving rapidly, embracing technology to streamline operations and enhance returns. Did you know that the Indian infrastructure market is expected to reach a whopping $5 trillion by 2025? Now that’s some food for thought for investors pondering on this IPO!

In the spirit of keeping you in the loop, here’s a fun fact: the highest demand in the IPO was evident among employees! They seem to have a vested interest in the company they work for, showing confidence that could bode well for Ceigall India’s long-term prospects. With all these dynamic developments, the Ceigall India IPO is certainly a hot topic! Will you join the ranks of hopeful investors, or will you sit this one out on the sidelines?

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Image courtesy of "Livemint"

Ceigall India IPO: GMP, subscription status to review. Buy or not as ... (Livemint)

Ceigall India IPO GMP today: Shares of the company are available at a premium of ₹61 in the grey market today.

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Image courtesy of "Business Today"

Ceigall India IPO GMP halves amid the selloff; issue subscribed 3.5x ... (Business Today)

Ludhiana-based Ceigall India is selling its shares in the price band of Rs 380-401 apiece. Investors can apply for a minimum of 37 shares and its multiples ...

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Image courtesy of "Business Standard"

Last Day! Ceigall India IPO closes today; Should you Bid? Check ... (Business Standard)

The three-day subscription window to apply for Ceigall India IPO, which opened on Thursday, August 1, 2024, closes today.

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Image courtesy of "Economic Times"

Ceigall India IPO subscribed nearly 3 times on last day of bidding ... (Economic Times)

The highest demand came from employees, with their portion being oversubscribed by 8.53 times. The non-institutional investors' category followed, ...

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Image courtesy of "News18"

Ceigall India IPO Closes Today: Check Subscription Status, GMP ... (News18)

Ceigall India IPO: Unlisted shares of Ceigall India Ltd are trading Rs 53 higher in the grey market, signalling a 13.22 per cent listing gain from the ...

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Image courtesy of "Financial Express"

Ceigall India IPO Subscription: Check subscription status, GMP ... (Financial Express)

Ceigall India IPO Closes Today: Not more than 35% of the issue was reserved for the retail investors. They were offered only 10916012 shares of the company.

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Image courtesy of "ET Now"

IPO GMP Price Today: Last date subscription ALERT! Rs 53 grey ... (ET Now)

Ceigall India IPO: Ceigall India Limited is an infrastructure company engaged in various sectors such as road projects, expressways, bridges, flyovers, ...

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Image courtesy of "Business Insider India"

Ceigall India IPO allotment – How to check allotment, IPO GMP ... (Business Insider India)

Punjab-based Ceigall India, an infrastructure construction company that specialises in elevated roads, flyovers, railway overpasses and more is expected to ...

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Image courtesy of "Livemint"

Ceigall India IPO allotment likely to be out today. Latest GMP, steps ... (Livemint)

Ceigall India IPO allotment status can be checked online through the BSE website or the official portal of IPO registrar. Link Intime India Private Ltd is ...

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Image courtesy of "CNBCTV18"

Ceigall India IPO allotment expected today: How to check status online (CNBCTV18)

The ₹1253 crore IPO, open for subscription from August 1 to August 5, was oversubscribed by nearly 14 times.

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Image courtesy of "Business Today"

Ceigall India IPO allotment status: Check application, latest GMP ... (Business Today)

The IPO of Akums Drugs & Pharma ran between July 30 and August 01 as the company had offered its shares in the fixed price band of Rs 646-679 per share with ...

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