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Transrail Lighting IPO

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BSE,NSE 19 December - 23 December 2024
Transrail Lighting Limited IPO is a book build issue of 838.91 Cr. The issue is a combination of fresh issue of 9259259 shares aggregating to 400 Cr and offer for sale of 10160000 shares aggregating to 438.91 Cr. Transrail Lighting Limited IPO opened for subscription on Dec 19, 2024 and closed on Dec 23, 2024. The allotment for the this IPO was finalized on Dec 24, 2024. IPO was listed on NSE and BSE on Dec 27, 2024. Transrail Lighting Limited IPO is set issue price band at ₹410 to ₹432 per share.

Current GMP

₹165 (+38.19%)

Price Band

₹ 410 – 432

Lot Size

34

Issue Size

₹838.91 Cr

Minimum Investment

₹14688 (34 Shares)

Listing Date

27 December 2024

Subscription

80.8x

About the Company

Transrail Lighting Limited is an Indian engineering, procurement, and construction (EPC) company with a primary focus on power transmission and distribution. The company offers integrated manufacturing capabilities for lattice structures, conductors, and monopoles. With over 40 years of experience, Transrail has completed more than 200 projects globally, including key markets in Asia, Africa, and India.

The company’s services span the power transmission and distribution sector, including the design, engineering, procurement, and construction (EPC) of transmission lines and substations up to 765 kV. Transrail has a significant footprint, having worked in 58 countries, including Bangladesh, Kenya, and Nigeria, and has undertaken substantial projects in transmission and distribution with a total of 34,654 CKM of transmission lines and 30,000 CKM of distribution lines by June 2024.

Beyond its core power transmission business, Transrail operates in civil construction, manufacturing poles and lighting, and provides railway services. It has designed and constructed major civil infrastructure projects, such as the Kosi Bridge, and offers manufacturing and EPC services for products like high masts, street poles, and solar streetlights. The railway division focuses on overhead electrification and other railway infrastructure, with operations in India.

Transrail’s strategic investments in backward integration, including the manufacturing of towers, conductors, and poles, have strengthened its ability to provide comprehensive solutions while reducing reliance on third-party suppliers. The company caters to a diverse range of clients, including government entities and private power transmission and distribution companies. It has expanded its operations globally, with key clients in countries such as Bangladesh, Mozambique, and Kenya, and continues to grow through strong relationships with clients like Power Grid Company of Bangladesh and Kenya Power.

As of June 2024, Transrail’s order book includes both domestic and international projects, supported by multilateral funding and letters of credit. With a robust project execution capability, the company continues to be a trusted partner in the EPC sector, leveraging its extensive experience, manufacturing facilities, and global presence to meet the evolving needs of the power transmission and distribution industry.

Promoters

  1. AJANMA HOLDINGS PRIVATE LIMITED
  2. DIGAMBAR CHUNNILAL BAGDE
  3. SANJAY KUMAR VERMA
Promoters Holding

Holding Pre Issue

84.50%

Holding Post Issue

0.00%

Objects of the Issue

The Company proposes to utilise the Net Proceeds towards funding the following objects:

  1. Incremental financingworking capital requirements of the company.
  2. Funding capital expenditure of the company.
  3. General corporate purposes.

Address / Contact Info

Transrail Lighting Limited
501, A,B,C,E Fortune 2000, Block G Bandra
Kurla Complex, Bandra East Mumbai,
Maharashtra 400 051

 Phone: +91 22 6197 9600
Email: cs@transraillighting.com
Website: https://transrail.in/

IPO Snapshot

Face Value₹2 per share
Price Band₹ 410 – 432
Lot Size34
Issue TypeBook-building IPO
Sale Type
Fresh Issue₹ 400.00 Cr
Offer for Sale₹ 438.91 Cr
Total Issue Size₹ 838.91 Cr
Listing AtBSE,NSE
Industry
Sector
QIB Quota19.56%
BNII Quota9.78%
SNII Quota4.89%
Retail Quota34.22%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

Transrail Lighting IPO is a Book-building IPO worth ₹838.91 crores. The price band is ₹410 to 432 per share. The IPO opens on Thu, Dec 19, 2024 and closes on Mon, Dec 23, 2024. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.

The Transrail Lighting IPO opens on Thu, Dec 19, 2024 and closes on Mon, Dec 23, 2024

Transrail Lighting IPO Price Band is ₹410 to 432.

Transrail Lighting IPO lot size is 34, and the minimum amount required for application is ₹14688.

The minimum investment for Transrail Lighting IPO is approximately ₹14688 based on the upper price band.

To apply for the Transrail Lighting IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Dec 23, 2024. After submission, funds are blocked until the basis of allotment of Transrail Lighting IPO is finalised.

Transrail Lighting IPO issue size is ₹838.91 crores.

Transrail Lighting IPO allotment date is Sat, Jun 27, 2026.

The registrar for Transrail Lighting IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Transrail Lighting IPO through their official website or helpline.

The Transrail Lighting IPO GMP (Grey Market Premium) is ₹165 as of Fri, Dec 27, 2024. Based on the upper price band of ₹432 per share, the estimated Transrail Lighting IPO listing price is ₹597, indicating a potential listing gain of approximately 31% over the issue price.