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Transrail Lighting IPO

  • Status: Closed
  • RHP:
  • ₹ 13,940 / 34 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    27 Dec 2024

  • Listing Price

    ₹585.15

  • Listing Change

    35.45%

  • Last Traded Price

    ₹553.55

IPO Details

  • Open Date

    19 Dec 2024

  • Close Date

    23 Dec 2024

  • IPO Price Range

    ₹ 410 - ₹ 432

  • IPO Size

    ₹ 838.91 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    27 Dec 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Transrail Lighting IPO Subscription Status

Last Updated: 23 December 2024 6:05 PM by 5Paisa

Transrail Lighting IPO is set to open on 19 December 2024 and will close on 23 December 2024. Transrail Lighting is an engineering and construction company specializing in power transmission and distribution, along with the manufacturing of lattice structures, conductors, and monopoles. 

The IPO is a combined issue consisting of fresh issue of 0.93 Cr shares aggregating to ₹400.00 Cr and an offer for sale of 1.02 Cr shares aggregating to ₹438.91 Cr. The price range is set at ₹410 to ₹432 per share and the lot size is 34 shares. 

The allotment is scheduled to be finalised on 24 December 2024. It will go public on BSE NSE, with a tentative listing date of 27 December 2024.

Inga Ventures Pvt Ltd, Axis Capital LTd, Hdfc Bank Ltd and Idbi Capital Market Services Ltd are the book running lead managers, while Link Inktime India Pvt Ltd is the registrar. 

Transrail Lighting IPO Size

Types Size
Total IPO Size ₹838.91 Cr.
Offer For Sale ₹438.91 Cr. 
Fresh Issue ₹400.00 Cr. 

Transrail Lighting IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 34 13,940
Retail (Max) 13 442 181,220
S-HNI (Min) 14 476 195,160
S-HNI (Max) 68 2,312 947,920
B-HNI (Min) 69 2,346 961,860

Transrail Lighting IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 197.41 37,95,889 74,93,50,922 32,371.96
NII (HNI) 78.31 28,46,917 22,29,49,288 9,631.41
Retail 22.62 66,42,805 15,02,44,062 6,490.54
Total** 81.98 1,37,15,425 1,12,44,30,728 48,575.41

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Transrail Lighting IPO Anchor Allocation

Anchor Bid Date 18 December, 2024
Shares Offered 56,93,832
Anchor portion Size (In ₹ Cr.) 245.97
Anchor lock-in period end date for 50% shares (30 Days) 23 January, 2025
Anchor lock-in period end date for remaining shares (90 Days) 24 March, 2025

 

1. Incremental financing/working capital requirements of the company;
2. Funding capital expenditure of the company; and
3. General corporate purposes.

Transrail Lighting Limited, established in February 2008, is an engineering and construction company specializing in power transmission and distribution, along with the manufacturing of lattice structures, conductors, and monopoles. The company provides a wide range of services, including EPC (engineering, procurement, and construction) for transmission and distribution lines, civil construction projects such as bridges and elevated roads, and poles and lighting solutions. It also caters to the railway sector with services like overhead electrification, signaling, and track linking. With a presence in 58 countries, Transrail has completed over 200 power transmission and distribution projects, supplying 1.3 MMT of towers, 194,534 KM of conductors, and 458,705 poles as of June 2024.  

Transrail operates four manufacturing units located in Vadodara, Deoli, and Silvassa, supported by a skilled design and engineering team of 114 employees. Its strong and diversified order book, well-established manufacturing facilities, and proven expertise in execution have solidified its position as a key player in the power transmission and distribution sector globally.
 

Peers

Kec International Ltd
Kalpataru Projects International Ltd
Skipper Ltd
Patel Engineering Ltd
Bajel Projects Ltd

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 4,130.00 3,172.03 2,357.20
EBITDA 477.56 293.93 205.67
PAT 233.21 107.57 64.71
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 4,620.61 3,445.49 2,841.87
Share Capital 24.79 22.80 22.71
Total Borrowings 643.19 604.92 469.12
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities 35.49 142.68 50.16
Net Cash Generated From / (used in) investing activities -78.30 -104.53 -81.39
Net Cash Generated From / (used in) financing activities 27.95 29.06 -0.37
Net Increase (Decrease) In Cash And Cash Equivalents -14.87 67.21 -31.60

Strengths

1. Extensive global presence in 58 countries.
2. Proven expertise in EPC for transmission and distribution lines.
3. Four established manufacturing units across strategic locations.
4. Diversified and robust order book ensuring steady revenue.
5. Skilled design and engineering team with 114 professionals.
 

Risks

1. Heavy reliance on the power and infrastructure sectors.
2. Limited workforce size for large-scale global expansion.
3. Exposure to geopolitical risks in foreign markets.
4. High competition in the EPC and manufacturing sectors.
5. Dependency on raw material price fluctuations.
 

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FAQs

Transrail Lighting IPO opens from 19 December to 23 December 2024.

The size of Transrail Lighting IPO is ₹838.91 Cr.

The price of Transrail Lighting IPO is fixed at ₹410 to ₹432 per share. 

To apply for Transrail Lighting IPO, follow the steps given below:

● Login to your 5paisa account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for the Transrail Lighting  IPO.    
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Transrail Lighting IPO is 34 shares and the investment required is ₹13,940.
 

The share allotment date of Transrail Lighting IPO is 24 December 2024

The Transrail Lighting IPO will be listed on 27 December 2024.

Inga Ventures Pvt Ltd, Axis Capital LTd, Hdfc Bank Ltd and Idbi Capital Market Services Ltd  are the book running lead managers for Transrail Lighting IPO.

Transrail Lighting plans to utilise the raised capital from the IPO for:
1. Incremental financing/working capital requirements of the company;
2. Funding capital expenditure of the company; and
3. General corporate purposes.