Bookbuilding IPO | ₹50 Cr | Listed at NSE SME | Mon, Oct 30, 2023 - Wed, Nov 1, 2023
Transteel Seating Technologies IPO is a book build issue of ₹49.98 crores. The issue is a combination of fresh issue of 0.68 crore shares aggregating to ₹47.49 crores and offer for sale of 0.04 crore shares aggregating to ₹2.49 crores.
Transteel Seating Technologies IPO bidding started from Oct 30, 2023 and ended on Nov 1, 2023. The allotment for Transteel Seating Technologies IPO was finalized on Nov 5, 2023. The shares got listed on NSE SME on Nov 6, 2023.
Transteel Seating Technologies IPO price band is set at ₹70 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,40,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,80,000.
Gretex Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Gretex Share Broking Pvt.Ltd..
Refer to Transteel Seating Technologies IPO RHP for detailed Information.
IPO Open
Mon, Oct 30, 2023
IPO Close
Wed, Nov 1, 2023
Issue Price
₹70 per share
Market Cap (Pre-IPO)
₹141.25 Cr
| IPO Date | 30 Oct to 1 Nov, 2023 |
| Listed on | Mon, Nov 6, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹67 to ₹70 |
| Issue Price | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 71,40,000 shares (agg. up to ₹50 Cr) |
| Reserved for Market Maker | 7,14,000 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹5 Cr) |
| Fresh Issue (Ex Market Maker) | 60,70,000 shares (agg. up to ₹42 Cr) |
| Offer for Sale | 3,56,000 shares of ₹10 (agg. up to ₹2 Cr) |
| Net Offered to Public | 64,26,000 shares (agg. up to ₹45 Cr) |
| Share Holding Pre Issue | 1,33,94,510 shares |
| Share Holding Post Issue | 2,01,78,510 shares |
| NSE Symbol | TRANSTEEL |
| ISIN | INE0NVI01020 |
Transteel Seating Technologies IPO comprises a total issue size of 71,40,000 shares. The net offer to the public is 64,26,000 shares, after excluding 7,14,000 shares allotted on a firm basis. Of the Net offer 32,10,000 (49.95%) are allocated to QIB, 9,66,000 (15.03%) allocated to NII 22,50,000 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 32,10,000 | 49.95% | 44.96% |
| − Anchor Investor Shares Offered | 18,60,000 | 26.05% | |
| − QIB (Ex. Anchor) Shares Offered | 13,50,000 | 18.91% | |
| NII (HNI) Shares Offered | 9,66,000 | 15.03% | 13.53% |
| Retail Shares Offered | 22,50,000 | 35.01% | 31.51% |
| Firm Reservations | |||
| Market Maker Shares Offered | 7,14,000 | 10.00% | |
| Total Shares Offered | 71,40,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,40,000 |
| Retail (Max) | 1 | 2,000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
Transteel Seating Technologies IPO raises ₹13.02 crore from anchor investors. Transteel Seating Technologies IPO Anchor bid date is October 27, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Oct 27, 2023 |
| Shares Offered | 18,60,000 |
| Anchor Portion (₹ Cr.) | 13.02 |
| Anchor lock-in period end date for 50% shares (30 Days) | Tue, Dec 5, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sat, Feb 3, 2024 |
Incorporated in February 1995, Transteel is a furniture company with over 20 years of experience in the corporate and B2B sectors.The company's manufacturing unit is located in , Yeshwanthpur, Bangalore, Karnataka.
At Transteel, customer satisfaction is the number one priority of the company. The company knows that the customer's journey begins the moment they visit the website and continues until the furniture is delivered. Whether it's seamless website navigation, comprehensive product information, an effortless buying process or prompt delivery, company's goal is to provide an exceptional experience that exceeds our customers' expectations.
The competitive strength of the company lies in the following:-
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 100.62 | 83.47 | 36.09 | 25.38 |
| Total Income | 31.33 | 59.61 | 28.07 | 22.88 |
| Profit After Tax | 4.18 | 9.09 | 1.59 | -0.01 |
| NET Worth | 28.61 | 24.44 | 6.30 | 4.71 |
| Reserves and Surplus | 15.21 | 23.86 | 6.06 | 4.47 |
| Total Borrowing | 38.53 | 26.91 | 13.27 | 9.89 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Prepayment/ Repayment of Existing Debt Facility | 6.65 |
| 2 | 2 Purchase of Equipments to Facilitate Manufacturing | 14.90 |
| 3 | Working Capital Requirements | 20.00 |
| 4 | General Corporate Purposes | 0.32 |
| KPI | |
|---|---|
| ROE | 37.21% |
| ROCE | 36.69% |
| RoNW | 37.21% |
| PAT Margin | 15.29% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.80 | |
| P/E (x) | 10.29 | 16.91 |
| Promoter Holding | 83.75% | 53.83% |
| Market Cap | ₹141.25 Cr. |
The Transteel Seating Technologies IPO is subscribed 49.21 times on November 1, 2023 7:29:00 PM (Day 3). The public issue subscribed 39.82 times in the retail category, 12.15 times in the QIB category, and 122.88 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 12.15 | 13,50,000 | 1,64,04,000 |
| NII* | 122.88 | 9,66,000 | 11,87,00,000 |
| Retail | 39.82 | 22,50,000 | 8,95,86,000 |
| Total | 49.21 | 45,66,000 | 22,46,90,000 |
Total Application : 44,793
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the Lead Manager | 0.38 |
| 2 | Underwriting Fees | 2.50 |
| 3 | Market Making Fees | 2.35 |
| 4 | Fees payable to Registrar to Issue | 0.01 |
| 5 | Fees to Legal Advisor | 0.02 |
| 6 | Advertisement Expenses | 0.05 |
| 7 | Fees payable to Regulators includig Stock Exchange | 0.04 |
| 8 | Printing & Distribution Expenses | 0.01 |
| 9 | Marketing & Selling Expenses | 0.25 |
| 10 | Payment to Sponsor Bank | 0.01 |
| 11 | Statutory & Other Reports | 0.02 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹88.90 |
| Low | ₹86.10 |
| High | ₹93.30 |
| Last Trade | ₹93.30 |
Lead Manager Reports
Transteel Seating Technologies IPO is a SME IPO of 71,40,000 equity shares of the face value of ₹10 aggregating up to ₹50 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Oct 30, 2023, and closes on Wed, Nov 1, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Transteel Seating Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Transteel Seating Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Transteel Seating Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Transteel Seating Technologies IPO opens on Mon, Oct 30, 2023 and closes on Wed, Nov 1, 2023.
Transteel Seating Technologies IPO lot size is 2000, and the minimum amount required for application is ₹1,40,000.
You can apply in Transteel Seating Technologies 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 Transteel Seating Technologies IPO will be done on Sunday, November 5, 2023, and the allotted shares will be credited to your demat account by Sun, Nov 5, 2023. Check the Transteel Seating Technologies IPO allotment status.
The Transteel Seating Technologies IPO listing date is on Mon, Nov 6, 2023.
