On the last day, Transrail Lighting IPO subscribed 81.98 times overall, 141.78 times for a retail quota, 22.62 for QIB, and 197.47 for NII.
Details About Transrail Lighting’s IPO
Transrail Lighting got approval from SEBI for an IPO of ₹838.91 crores via IPO that comprises fresh issue of ₹400 crores and offer for sale up to 1,01,60,000 equity shares with a face value of ₹2 each. It is for funds and to maintain financial stability.
Moreover, the company has set up a ₹410 to ₹432 per share. In this IPO, a total of 34 shares were available in 1 lot size for the minimum Retail category, and for the retail category 442 shares in 13 lot size maximum as well. S-HNI (Min) has a total of 476 shares in 14 lot sizes, while B-HNI(Max) has 2346 shares in 68 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,688.
- Retail investors’ (Max) investment of ₹1,90,944
- Small HNI (S-HNI): Minimum investment of ₹2,05,632
- Big HNI(B-HNI): maximum investment of ₹10,13,472
Subscription duration of Transrail Lighting
This IPO started on December 19, 2024, and closed on December 23, 2024. The Transrail Lighting IPO allotment date was December 24, 2024, and they received a refund on December 26, 2024.
Funds Deployment of This IPO
- Funding will be used for the inevitable work, and working capital requirements of our Company;
- Some of the funds would be used for the capital expenditure of our Company and the rest of the funds for the;
- General corporate purposes
About Transrail Lighting Company
Transrail Lighting is a well-known company in power transmission and distribution. With years of experience and a knowledgeable team, it’s a reputable company in partnership. It has manufacturing facilities for lattice structures, conductors, and monopoles. This company is renowned in a total of 58 overseas including Bangladesh, Kenya, Nigeria, Finland, and Poland, handling turnkey EPC and supply projects. A part of transmission and distribution, it’s also focused on civil construction, poles and lighting, and railways. As of September 30, 2023, the company employed 1,575 people. It is apparent, that the revenue of this company has increased from 2021 to 2023 rising from INR 2,139.09 to INR 3,086.14 respectively. The expense of this company dropped INR 1,751.
Transrail Lighting’s Financial Background
The company reported revenue of ₹4130 crores in 2024 against ₹3,172.03 crore in 2023. The company reported Profit of ₹233.21 crores in 2024 against Profit of ₹107.57 crores in 2023.
