Transrail Lighting IPO subscription started on Thursday, December 19, 2024, and will close on December 23, 2024, as per the schedule. The price band is set at ā¹410 to ā¹432 per share with a face value of ā¹2.
Transrail Lighting IPO Subscription Status
Transrail Lighting IPOĀ Subscribed over 5.4x on its second day till 5.00 PM on 20th December.
- Transrail Lighting IPO subscription QIB investors portion is 1.36 times, while NII subscribed 7.42 times and RII investors subscribed 7.11 times.
- The company has received bids for 7,41,22,210 shares against 1,37,15,425 shares on offer on the second day of subscription.
- Transrail Lighting IPO Subscribed over 5.4x on its second day.
- Transrail Lighting IPO Subscribed over 2.12x on its first day.
About Transrail Lighting Company
Transrail Lighting is a well-known company in power transmission and distribution. With years of experience and a knowledgeable team, itās 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, itās 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 Financial Report
The company reported revenue of ā¹4130 crores in 2024 against ā¹3,172.03 crore in 2023. The company reported Profit of ā¹233.21 crores in 2024 against Profit of ā¹107.57 crores in 2023.
Transrail Lighting IPO GMP:
Transrail Lighting IPO GMPĀ was ā¹180 as of Friday, December 20th. That indicates the IPO is trading at ā¹612 with ā¹180 premium in the grey market against the issue price of ā¹432.
