Exciting News: IPO GMP Set at ₹380-401 per Share!
📈 Sejal India Limited has announced the price band for its IPO at ₹380-401 per share. The IPO will open on 1st August and close on 5th August, with anchor investors getting a chance to invest on 31st July. The company will release 684.3 crore new shares in the IPO, with existing stakeholders selling 1,41,74,840 shares. The total size of the IPO is ₹1,253 crore.
📊 Promoters like Ramnik Sehgal, Ramnik Sehgal & Sons HUF, Avneet Luthra, Mohinder Pal Singh Sehgal, Paramjit Sehgal, and Simran Sehgal will be selling their shares in the offer. The shares will be listed on the stock exchange on 8th August. ICICI Securities and IIFL Securities are the merchant bankers for the IPO, with Link Intime India as the registrar.
💼 The company plans to use the proceeds from the new shares for machinery purchase, loan repayment, and other corporate purposes. Sejal India started as a small construction company nearly two decades ago and has now transformed into an EPC company with an order book of ₹9,470.8 crore.
🚀 In the past few financial years, the company has shown significant growth, with net profit increasing by 83% to ₹306.1 crore in FY24 and revenue growing by 46.5% to ₹3,029.4 crore. EBITDA for FY24 rose by 75.1% to ₹517.7 crore, with margins expanding to 17.1% from 2.8% in FY23.
Don’t miss out on this opportunity to invest in Sejal India Limited’s IPO and be a part of its exciting journey!
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