Upcoming IPO: Transrail Lighting IPO Set to Open on December 19; Check For Details
Posted by : sachet | Wed Dec 18 2024
Transrail Lighting Ltd. IPO is set to open for subscription on 19th December 2024. The company aims to raise fresh capital of Rs. 400 crores through the issuance of new equity shares and Rs. 438.91 crores through an offer for sale of 1.02 crores.
The IPO will close on 23rd December, 2024. The Transrail Lighting IPO allotment process is expected to be finalised on Tuesday, 24th December 2024. The price band of the issue is set at Rs. 410 to Rs. 432 per share. The company will be listed on the NSE and BSE after the completion of the IPO.
Transrail Lighting IPO Details
| IPO Date | December 19, 2024 to December 23, 2024 |
| Face Value | Rs. 2 per share |
| Price Band | Rs. 410 to Rs. 432 per share |
| Lot Size | 34 shares |
| Total Issue Size | 1,94,19,259 shares (up to Rs. 838.81 Cr.) |
| Fresh Issue | 92,59,259 shares (up to Rs. 400 Cr.) |
| Offer for Sale | 1,01,60,000 shares (up to Rs. 438.91 Cr.) |
| Listing At | BSE & NSE |
For the Transrail Lighting IPO, the book-running lead managers are Inga Ventures Pvt. Ltd., Axis Capital Limited, HDFC Bank Limited, and IDBI Capital Market Services Limited.
Transrail Lighting IPO Lot Size
The retail investors require a minimum of Rs. 14,688 to subscribe to the IPO. The minimum amount required by small non-institutional investors (sNII) and big non-institutional investors (bNII) is Rs. 2,05,632 and Rs. 10,13,472, respectively. For more details about the lots and minimum investment amount, refer to the table below.
| Application | Lots | Shares | Amount |
| Retail (Min.) | 1 | 34 | Rs. 14,688 |
| Retail (Max.) | 13 | 442 | Rs. 1,90,944 |
| S-HNI (Min.) | 14 | 476 | Rs. 2,05,632 |
| S-HNI (Max.) | 68 | 2,312 | Rs. 9,98,784 |
| B-HNI (Min.) | 69 | 2,346 | Rs. 10,13,472 |
*Data updated as on 18th December, 2024
Transrail Lighting Company Overview
Transrail Lighting Ltd., incorporated in February 2008, is a Mumbai-based engineering and construction company that focuses on power transmission and distribution and manufactures conductors, monopoles, and lattice structures, which are used in electricity transmission in the infrastructure and energy sectors. The company has completed over 200 projects since its inception.
Transrail Lighting Company Financials
For FY24, the company’s revenue from operations stood at Rs. 4,100 crores, up from the previous revenue from operations of Rs. 2,357.20 crores and Rs. 3,172.03 crores for FY22 and FY23, respectively. For the quarter ended September 2024, the revenue from operations was Rs. 929.70 crores.
Net profit after taxes for FY22 stood at Rs. 64.71 crores. It rose to Rs. 107.57 crores in FY23 and Rs. 233.21 crores in FY24. For the period ended 30th September, the company’s profit stood at Rs. 51.74 crores. For more details about the financial performance of Transrail Lighting Limited, refer to the table below.
| Period Ended | 30 June 2024 (in Cr.) | 31 Mar 2024 (in Cr.) | 31 Mar 2023 (in Cr.) | 31 Mar 2022 (in Cr.) |
| Assets | 4,836.17 | 4,620.61 | 3,445.49 | 2,841.87 |
| Revenue | 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 |
*Data updated as on 18th December, 2024
