Transrail Lighting IPO
Open MainLineCurrent 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
- AJANMA HOLDINGS PRIVATE LIMITED
- DIGAMBAR CHUNNILAL BAGDE
- 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:
- Incremental financingworking capital requirements of the company.
- Funding capital expenditure of the company.
- 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
IPO Timeline (Tentative)
IPO Open Date
Thursday, 19 December 2024
IPO Close Date
Monday, 23 December 2024
Basis of Allotment
Tuesday, 24 December 2024
Initiation of Refunds
Thursday, 26 December 2024
Credit of Shares to Demat
Thursday, 26 December 2024
Listing Date
Friday, 27 December 2024 — NSE & BSE
Important Dates
Open Date
19 December 2024
Close Date
23 December 2024
Basis Of Allotment
24 December 2024
Listing Date
27 December 2024
Financial Performance (₹ in Crores)
| Particular | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 4836.17 | 4620.61 | 3445.49 | 2841.87 |
| Revenue | 929.7 | 4130 | 3172.03 | 2357.2 |
| Profit After Tax | 51.74 | 233.21 | 107.57 | 64.71 |
| Net Worth | 1140.65 | 1075.87 | 709.15 | 599.32 |
| Reserve & Surplus | 0 | 0 | 0 | 0 |
| Total Borrowings | 603.43 | 643.19 | 604.92 | 469.12 |
EPS Pre
18.66%
EPS Post
15.42%
P/E Pre
23.15
P/E (Post Issue)
28.02x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 24.41 |
| ROCE % | 24.33 |
| Debt / Equity | 0.56 |
| RoNW % | 21.68 |
| PbW | 0 |
| Pat Margin % | 5.65 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 5693832 | 29.34 | 0 |
| Qualified Institutions | 3795889 | 19.56 | 0 |
| Non-Institutional | 2846917 | 14.67 | 0 |
| BNII | 1897945 | 9.78 | 0 |
| SNII | 948972 | 4.89 | 0 |
| Retail Investors | 6642805 | 34.22 | 0 |
| Employees | 429814 | 2.21 | 0 |
| Total | 19409257 | 100 | 0 |
Subscription Status ( Mon, 23 Dec 24 01:25 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 3726985 | 749350922 | 201.06x |
| Non-Institutional | 2917903 | 222951192 | 76.41x |
| BNII | 1945269 | 151454292 | 77.86x |
| SNII | 972634 | 71496900 | 73.51x |
| Retail Investors | 6808440 | 150251678 | 22.07x |
| Employees | 463414 | 1886626 | 4.07x |
| Total | 13916742 | 1124440418 | 80.8x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 34 | 14,688.00 |
| Retail (Max) | 13 | 442 | 190,944.00 |
| S-HNI (Min) | 14 | 446 | 205,632.00 |
| S-HNI (Max) | 68 | 2,312 | 998,784.00 |
| B-HNI (Min) | 69 | 2,346 | 1,013,472.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Axis Capital Limited
- Inga Ventures Pvt Ltd
- Hdfc Bank Limited
- Idbi Capital Market Services Limited
RHP Document
DRHP Document
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.