Bookbuilding IPO | ₹839 Cr | Listed at BSE, NSE | Thu, Dec 19, 2024 - Mon, Dec 23, 2024
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 per share. The lot size for an application is 34. The minimum amount of investment required by an retail is ₹14,688 (34 shares) (based on upper price). 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 Open
Thu, Dec 19, 2024
IPO Close
Mon, Dec 23, 2024
Issue Price
₹432 per share
Market Cap (Pre-IPO)
₹5,799.86 Cr
| IPO Date | 19 to 23 Dec, 2024 |
| Listed on | Fri, Dec 27, 2024 |
| Face Value | ₹2 per share |
| Price Band | ₹410 to ₹432 |
| Issue Price | ₹432 per share |
| Lot Size | 34 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,94,19,258 shares (agg. up to ₹839 Cr) |
| Fresh Issue | 92,59,258 shares (agg. up to ₹400 Cr) |
| Offer for Sale | 1,01,60,000 shares of ₹2 (agg. up to ₹439 Cr) |
| Share Holding Pre Issue | 12,49,96,767 shares |
| Share Holding Post Issue | 13,42,56,026 shares |
| BSE Script Code / NSE Symbol | 544317 / TRANSRAILL |
| ISIN | INE454P01035 |
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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 34 shares and in multiples thereof.
| 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 |
Transrail Lighting IPO raises ₹245.97 crore from anchor investors. Transrail Lighting IPO Anchor bid date is December 18, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Dec 18, 2024 |
| Shares Offered | 56,93,832 |
| Anchor Portion (₹ Cr.) | 245.97 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Jan 23, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Mar 24, 2025 |
| 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 |
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:
| 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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding incremental working capital requirements of the Company; | 250.00 |
| 2 | Funding capital expenditure of our Company; and | 90.73 |
| 3 | General corporate purposes. | 81.12 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 18.66 | 15.42 |
| P/E (x) | 23.15 | 28.02 |
| Promoter Holding | 84.51% | 71.11% |
| Market Cap | ₹5,799.86 Cr. |
The Transrail Lighting IPO is subscribed 81.98 times on December 23, 2024 6:19:10 PM (Day 3). The public issue subscribed 22.62 times in the retail category, 197.41 times in the QIB category, and 78.31 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 197.41 | 37,95,889 | 74,93,50,922 |
| NII | 78.31 | 28,46,917 | 22,29,49,288 |
| bNII (bids above ₹10L) | 79.8 | 18,97,945 | 15,14,54,292 |
| sNII (bids below ₹10L) | 75.34 | 9,48,972 | 7,14,94,996 |
| Retail | 22.62 | 66,42,805 | 15,02,44,062 |
| Employee | 4.39 | 4,29,814 | 18,86,456 |
| Total | 81.98 | 1,37,15,425 | 1,12,44,30,728 |
Total Application : 40,10,736
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Managers fees and commissions (including any underwriting commission, brokerage and selling commission) | 25.93 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Offer. Brokerage, underwriting commission and selling commission and bidding charges for members of the Syndicate, Registered Brokers, RTAs and CDPs | 5.43 |
| 3 | Fees payable to Registrar to the Offer | |
| 4 | Fees payable to the other advisors to the Offer | 1.77 |
| 5 | Others: Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 7.91 |
| 6 | Printing and stationery | 1.63 |
| 7 | Fee payable to legal counsels | 4.00 |
| 8 | Advertising and marketing | 7.78 |
| 9 | Miscellaneous | 1.79 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹432.00 | ₹432.00 |
| Open | ₹585.15 | ₹590.00 |
| Low | ₹544.30 | ₹544.50 |
| High | ₹604.00 | ₹605.00 |
| Last Trade | ₹553.30 | ₹553.55 |
Transrail Lighting IPO is a main-board IPO of 1,94,19,258 equity shares of the face value of ₹2 aggregating up to ₹839 Crores. The issue is priced at ₹432 per share. The minimum order quantity is 34.
The IPO opens on Thu, Dec 19, 2024, and closes on Mon, Dec 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 Thu, Dec 19, 2024 and closes on Mon, Dec 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 Thu, Dec 26, 2024. Check the Transrail Lighting IPO allotment status.
The Transrail Lighting IPO listing date is on Fri, Dec 27, 2024.
