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Transrail Lighting IPO is a book build issue of ₹838.91 crores. The issue is a combination of fresh issue of 0.93 crore shares aggregating to ₹400.00 crores and offer for sale of 1.02 crore shares aggregating to ₹438.91 crores.
Transrail Lighting IPO bidding started from Dec 19, 2024 and ended on Dec 23, 2024. The allotment for Transrail Lighting IPO was finalized on Dec 24, 2024. The shares got listed on BSE, NSE on Dec 27, 2024.
Transrail Lighting IPO price band is set at ₹432.00 per share . The lot size for an application is 34. The minimum amount of investment required by an retail is ₹13,940 (34 shares). The lot size investment for sNII is 14 lots (476 shares), amounting to ₹2,05,632, and for bNII, it is 69 lots (2,346 shares), amounting to ₹10,13,472.
The issue includes a reservation of up to 4,39,814 shares for employees offered at a discount of ₹0.00 to the issue price.
Inga Ventures Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Transrail Lighting IPO RHP for detailed Information.
| IPO Date | December 19, 2024 to December 23, 2024 |
| Listing Date | December 27, 2024 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹410 to ₹432 per share |
| Issue Price Final | ₹432 per share |
| Lot Size | 34 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,94,19,258 shares (aggregating up to ₹838.91 Cr) |
| Fresh Issue | 92,59,258 shares (aggregating up to ₹400.00 Cr) |
| Offer for Sale | 1,01,60,000 shares of ₹2 (aggregating up to ₹438.91 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 12,49,96,767 shares |
| Share Holding Post Issue | 13,42,56,026 shares |
Transrail Lighting IPO offers total 1,94,19,258 shares. Out of which 94,89,721 (48.87%) allocated to QIB, 37,95,889 (19.55%) allocated to QIB, 28,46,917 (14.66%) allocated to NII, 66,42,806 (34.21%) allocated to RII and 56,93,832 (29.32%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 94,89,721 (48.87%) | NA |
| − Anchor Investor Shares Offered | 56,93,832 (29.32%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 37,95,889 (19.55%) | NA |
| NII (HNI) Shares Offered | 28,46,917 (14.66%) | NA |
| − bNII > ₹10L | 18,97,945 (9.77%) | 3,987 |
| − sNII < ₹10L | 9,48,972 (4.89%) | 1,993 |
| Retail Shares Offered | 66,42,806 (34.21%) | 1,95,376 |
| Employee Shares Offered | 4,39,814 (2.26%) | NA |
| Total Shares Offered | 1,94,19,258 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Transrail Lighting IPO raises ₹245.97 crore from anchor investors. Transrail Lighting IPO Anchor bid date is December 18, 2024. Transrail Lighting IPO Anchor Investors list
| Bid Date | December 18, 2024 |
| Shares Offered | 56,93,832 |
| Anchor Portion Size (In Cr.) | 245.97 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 23, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 24, 2025 |
Transrail Lighting IPO opens on December 19, 2024, and closes on December 23, 2024.
| IPO Open Date | Thu, Dec 19, 2024 |
| IPO Close Date | Mon, Dec 23, 2024 |
| Tentative Allotment | Tue, Dec 24, 2024 |
| Initiation of Refunds | Thu, Dec 26, 2024 |
| Credit of Shares to Demat | Thu, Dec 26, 2024 |
| Tentative Listing Date | Fri, Dec 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Dec 23, 2024 |
Investors can bid for a minimum of 34 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 34 | ₹14,688 |
| Retail (Max) | 13 | 442 | ₹1,90,944 |
| S-HNI (Min) | 14 | 476 | ₹2,05,632 |
| S-HNI (Max) | 68 | 2,312 | ₹9,98,784 |
| B-HNI (Min) | 69 | 2,346 | ₹10,13,472 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in February 2008, Transrail Lighting Limited is an engineering and construction company focused on power transmission and distribution and manufacturing lattice structures, conductors, and monopoles.
The company provides the following services:-
Since its inception, the company has completed over 200 power transmission and distribution projects. The company has a presence in 58 countries, including Bangladesh, Kenya, Tanzania, Niger, Nigeria, Mali, Cameroon, Finland, Poland, and Nicaragua, with turnkey EPCs and supply projects.
As of June 30, 2024, the company has completed the EPC of 34,654 CKM of transmission lines and 30,000 CKM of distribution lines, both domestically and internationally.
As of December 2024, the company has four manufacturing units. The first one is situated in Vadodara Gujrat, second one in Deoli, Maharashtra,and third and fourth one in Silvassa, Dadra and Nagar Haveli respectively.
As of June 30, 2024, the company supplied 1.3 MMT of towers, 194,534 KM of conductors, and 458,705 poles.
As of June 30, 2024, the company has 114 employees in the design and engineering team.
Competitive Strength:
Transrail Lighting Limited's revenue increased by 30.2% and profit after tax (PAT) rose by 116.8% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 4,836.17 | 4,620.61 | 3,445.49 | 2,841.87 |
| Total Income | 929.70 | 4,130.00 | 3,172.03 | 2,357.20 |
| Profit After Tax | 51.74 | 233.21 | 107.57 | 64.71 |
| Net Worth | 1,140.65 | 1,075.87 | 709.15 | 599.32 |
| Total Borrowing | 603.43 | 643.19 | 604.92 | 469.12 |
| Amount in ₹ Crore | ||||
The market capitalization of Transrail Lighting IPO is ₹5799.86 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 24.41% |
| ROCE | 24.33% |
| Debt/Equity | 0.56 |
| RoNW | 21.68% |
| PAT Margin | 5.65% |
| Price to Book Value | 4.70 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 18.66 | 15.42 |
| P/E (x) | 23.15 | 28.02 |
[Dilip Davda] The company is an Indian EPC contractor mainly focusing on Power Transmission and Distribution, and also manufactures related products. The company has also diversified into rail infra and civil construction activities. The company posted steady growth in its top and bottom lines from FY22 to FY24. It had order book worth Rs. 10213 cr. as of June 30, 2024. Based on recent financial performance, the issue appears reasonably priced. Investors may park funds for medium to long term. Read detail review...
| Listing Date | December 27, 2024 |
| BSE Script Code | 544317 |
| NSE Symbol | TRANSRAILL |
| ISIN | INE454P01035 |
| Final Issue Price | ₹432 per share |
| NSE Listing Group | EQ |
Transrail Lighting Ltd.
501, A,B,C,E Fortune 2000, Block G Bandra
Kurla Complex, Bandra
East Mumbai,-400051
Mumbai, Maharashtra
Phone: +91 22 6197 9600
Email: cs@transraillighting.com
Website: https://transrail.in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: transraillighting.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Transrail Lighting IPO is a main-board IPO of 1,94,19,258 equity shares of the face value of ₹2 aggregating up to ₹838.91 Crores. The issue is priced at ₹432 per share. The minimum order quantity is 34.
The IPO opens on December 19, 2024, and closes on December 23, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Transrail Lighting IPO using UPI as a payment gateway. Zerodha customers can apply in Transrail Lighting IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Transrail Lighting IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Transrail Lighting IPO opens on December 19, 2024 and closes on December 23, 2024.
Transrail Lighting IPO lot size is 34, and the minimum amount required for application is ₹14,688.
You can apply in Transrail Lighting IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Transrail Lighting IPO will be done on Tuesday, December 24, 2024, and the allotted shares will be credited to your demat account by Thursday, December 26, 2024. Check the Transrail Lighting IPO allotment status.
The Transrail Lighting IPO listing date is on Friday, December 27, 2024.
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