Ceigall India Ltd IPO

About Ceigall India Ltd

Ceigall India Limited was originally incorporated as Ceigall Builders Private Limited at Ludhiana, Punjab, India under the provisions of the Companies Act, 1956 pursuant to a certificate of incorporation dated July 8, 2002, as a private limited company issued by the Registrar of Companies, Punjab, Himachal Pradesh & Chandigarh at Chandigarh. Upon the conversion of the Company into a public limited company, pursuant to a board resolution dated January 28, 2011 and a shareholders' resolution dated January 29, 2011, the name of the Company was changed to Ceigall India Limited and a fresh certificate of incorporation dated February 9, 2011 was issued by the Registrar of Companies, Punjab, Himachal Pradesh & Chandigarh at Chandigarh.

India stands out as the fastest-growing economy among the major economies with real gross domestic product of Rs. 160.06 trillion in Fiscal 2024 and estimated to emerge as the third-largest economy globally by 2027, infrastructure sector continues to play major role with 3.50% of gross domestic product contribution with Rs. 52,962.00 billion investments in Infrastructure industry between Fiscal 2024 to Fiscal 2028. Road construction is amongst the critical sub-segments for infrastructure development, economic growth, and employment creation. Key growth drivers for infrastructure sector are rapid urbanisation, higher budgetary outlay towards infrastructure, smart cities mission. The key challenges in the infrastructure sector are regulatory and policy risks, funding challenges, land acquisition and environmental clearances.

Ceigall India Limited is 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. Over the last two decades, the Company has transitioned from a small construction company to an established engineering, procurement and construction (EPC) player, demonstrating expertise in the design and construction of various road and highway projects including specialized structures with over 20 years of experience in the industry. Our business model is broadly divided into EPC projects, Hybrid Annuity Model (HAM) projects and O&M. Under EPC projects and O&M, the company recognises revenue based on percentage completion method or item rate basis, however, under HAM the company constructs the asset under public private partnership model wherein the authority initially provides part of funding for construction and remaining portion on completion of the project is by way of semiannual annuities spread across concession period, and after the concession period, asset is transferred back to the authority. The Company has completed over 34 projects, including 16 EPC, one HAM project, five O&M and 12 Item Rate Projects, in the roads and highways sector. Currently, the Company has 18 ongoing projects, including 13 EPC projects and five HAM projects.

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