Transrail Lighting IPO
GMP, Subscription, Price, Dates & Financial Details
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,…
Open Date
Thu, 19 Dec 2024
Close Date
Mon, 23 Dec 2024
Price Band
₹ 410 – 432
Lot Size
34
Issue Size
₹ 838.91 Cr
Minimum Investment
₹ 14,688 (34 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Transrail Lighting IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹838.91 Crore, comprising a fresh issue of 92.59 Lakh equity shares aggregating to ₹400.00 Crore and an offer for sale (OFS) of 1.02 Crore equity shares aggregating to ₹438.91 Crore by the existing shareholders.
The Transrail Lighting IPO remained open for subscription from December 19, 2024, to December 23, 2024. The basis of allotment was finalized on December 24, 2024, and the company's shares were listed on the NSE and BSE on December 27, 2024.
The company had fixed the price band at ₹410 to ₹432 per share, with a lot size of 34 shares. Retail investors were required to make a minimum investment of ₹14,688 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Axis Capital Limited, Inga Ventures Pvt Ltd, HDFC Bank Limited, and Idbi Capital Market Services Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Transrail Lighting Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Transrail Lighting IPO Timeline (Tentative)
- IPO Open Date
- Thu, 19 Dec 24
- IPO Close Date
- Mon, 23 Dec 24
- Basis of Allotment
- Tue, 24 Dec 24
- Initiation of Refunds
- Thu, 26 Dec 24
- Credit of Shares to Demat
- Thu, 26 Dec 24
- Listing Date
- Fri, 27 Dec 24 — NSE & BSE
Open Date
19 December 2024
Close Date
23 December 2024
Basis Of Allotment
24 December 2024
Listing Date
27 December 2024
IPO Subscription
Check Live Subscription →The Transrail Lighting IPO has received bids for 1,12,44,40,418 shares against 1,39,16,742 shares offered, resulting in an overall subscription of 80.8x. the NII category is subscribed 76.41x, Retail Investors 22.07x, Employees 4.07x, and QIBs 201.06x. Within the NII category, BNII is subscribed 77.86x, while SNII is subscribed 73.51x.
QIB
201.06x
NII
76.41x
BNII
77.86x
SNII
73.51x
RII
22.07x
EMP
4.07x
Total
80.8x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 66,42,805 shares, representing 34.22% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 37,95,889 shares (19.56%), while Non-Institutional Investors (NIIs) receive 28,46,917 shares (14.67%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 5,693,832 | 29.34% |
| Qualified Institutions | 3,795,889 | 19.56% |
| Non-Institutional | 2,846,917 | 14.67% |
| BNII | 1,897,945 | 9.78% |
| SNII | 948,972 | 4.89% |
| Retail Investors | 6,642,805 | 34.22% |
| Employees | 429,814 | 2.21% |
| Total | 19,409,257 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Transrail Lighting Limited KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 24.41 |
| ROCE % | 24.33 |
| Debt / Equity | 0.56 |
| RoNW % | 21.68 |
| Pat Margin % | 5.65 |
Peers Comparison
No Peer Comparision Available
About Transrail Lighting Limited
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.
Transrail Lighting IPO Promoters
- AJANMA HOLDINGS PRIVATE LIMITED
- DIGAMBAR CHUNNILAL BAGDE
- SANJAY KUMAR VERMA
Promoters Holding
Holding Pre Issue
84.50%
Holding Post Issue
0.00%
Transrail Lighting IPO Objective
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.
Transrail Lighting Limited Address / Contact Details
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
Transrail Lighting IPO Lot Size
The Transrail Lighting IPO has a lot size of 34 shares. Retail investors require a minimum investment of ₹14,688 by applying for 1 lot (34 shares). The maximum application allowed for the retail category is 13 lots (442 shares), requiring an investment of ₹1,90,944.
| 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 |
Issue Reservation
- Anchor Investors — 29.34%
- QIB — 19.56%
- NII — 14.67%
- RII — 34.22%
- EMP — 2.21%
Book Running Lead Managers
- Axis Capital Limited
- Inga Ventures Pvt Ltd
- HDFC Bank Limited
- Idbi Capital Market Services Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Transrail Lighting IPO?
Transrail Lighting IPO is a Book-building IPO with a total issue size of ₹838.91 crore. The Transrail Lighting IPO price band is ₹410 to 432 per share. The Transrail Lighting IPO subscription opens on Thu, Dec 19, 2024, and closes on Mon, Dec 23, 2024. The Transrail Lighting IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Transrail Lighting IPO.
When will the Transrail Lighting IPO open for subscription?
The Transrail Lighting IPO opens on Thu, Dec 19, 2024 and closes on Mon, Dec 23, 2024
What is Transrail Lighting IPO Price Band?
Transrail Lighting IPO Price Band is ₹410 to 432 per share.
What is Transrail Lighting IPO Lot Size?
Transrail Lighting IPO lot size is 34 shares, Retail investors need a minimum investment of ₹14688 based on the upper price band
What is the minimum investment for Transrail Lighting IPO?
The minimum investment for Transrail Lighting IPO is ₹14688, based on one lot of 34 shares at the upper price band of ₹432 per share.
How to apply for Transrail Lighting IPO?
Investors can apply for the Transrail Lighting IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Dec 23, 2024. The application amount remains blocked until the Transrail Lighting IPO allotment is finalized.
What is Transrail Lighting IPO Issue Size?
Transrail Lighting IPO issue size is ₹838.91 crores.
What is the Transrail Lighting IPO Allotment Date?
Transrail Lighting IPO allotment date is Tue, Dec 24, 2024.
Who is the Transrail Lighting IPO Registrar?
The registrar for Transrail Lighting IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Transrail Lighting IPO allotment status, refund processing, and other IPO-related information.
What is the Transrail Lighting IPO GMP?
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 38.19% over the issue price.
Who is the Transrail Lighting IPO Lead Manager?
The book-running lead managers (BRLMs) for the Transrail Lighting IPO are Axis Capital Limited, Inga Ventures Pvt Ltd, HDFC Bank Limited, and Idbi Capital Market Services Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Transrail Lighting IPO Red Herring Prospectus (RHP).