Ceigall India Shares Debut Tepidly, Listing at Rs 419

Muted Debut on Dalal Street

WEB Shares of Ceigall India made a muted debut at Dalal Street on Thursday as the infra player was listed at Rs 419 on the National Stock Exchange (NSE), a 45% premium to the issue price.

Weak Start on Bourses

WEB The three-day IPO of Ceigall India closed on August 5 with the issue subscribing 1375 times on the final day of bidding. However, shares of the company made a weak start on the bourses on Thursday, listing at Rs 419 on the NSE and Rs 420 on the Bombay Stock Exchange (BSE).

Conclusion

Despite the weak start, Ceigall India's IPO has been a success, with the company raising over Rs 1,600 crore. The company's strong order book and experienced management team position it well for future growth in the infrastructure sector. Investors should continue to monitor the company's performance to gauge its long-term potential.