Transrail Lighting IPO - Day 3 Subscription at 12.17 Times

Transrail Lighting's initial public offering (IPO) has received strong investor interest over the three-day period. The IPO witnessed steady growth in demand, with subscription rates growing from 2.13 times on day one, to 5.42 times on day two, and reaching 12.17 times by 11:59 AM on the final day.

Transrail Lighting IPO, which opened on 19th December 2024, has seen varied participation across categories. The Retail Investors segment has shown good interest, reaching 11.93 times subscription, while Non-Institutional Investors achieved remarkable subscriptions at 27.84 times. The QIB portion stands at 1.93 times.

This strong response comes amid positive sentiment in the Indian stock market, particularly towards companies in the engineering and construction sector.

Subscription Status of Transrail Lighting IPO:

*As of 11:59 AM

Here are the subscription details for Transrail Lighting IPO as of Day 3 (23rd December 2024, 11:59 AM):

Total Applications: 24,88,895

Note:

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portion of anchor investors is not included in the total shares offered.

Transrail Lighting IPO Key Highlights:

• Overall subscription reached 12.17 times on the final day
• Retail investors showed strong interest with 11.93 times subscription, worth ₹3,424.36 crores
• Non-Institutional Investors achieved exceptional subscription at 27.84 times
• QIB portion reached 1.93 times subscription
• Total bids received for 16.68 crore shares worth ₹7,208.61 crores
• Applications reached 24,88,895, showing broad-based interest
• Strong investor confidence evident across categories
• The NII segment showed remarkable oversubscription
• Final day response demonstrated robust momentum

Transrail Lighting IPO - Day 2 Subscription at 5.42 Times

• Overall subscription reached 5.42 times
• Retail investors showed strong interest with 7.13 times subscription
• Non-institutional investors increased to 7.42 times
• QIB portion improved to 1.36 times
• Day two witnessed accelerated participation
• Employee portion reached 1.53 times subscription
• The subscription trend indicated growing investor confidence
• Market response showed strong momentum
• All segments demonstrated significant growth

Transrail Lighting IPO - Day 1 Subscription at 2.13 Times

Key Highlights:

• Overall subscription opened well at 2.13 times
• Retail investors led with 2.98 times subscription
• Non-institutional investors showed good interest at 2.17 times
• QIB portion started at 0.77 times
• Employee segment showed moderate interest at 0.70 times
• Opening day witnessed positive response
• Initial momentum indicated market confidence
• Day one subscription set positive tone
• Market response suggested strong potential

About Transrail Lighting Limited:

Established in February 2008, Transrail Lighting Limited has grown into a leading engineering and construction company specializing in power transmission and distribution infrastructure. The company's comprehensive portfolio includes manufacturing lattice structures, conductors, and monopoles, alongside providing end-to-end EPC services for transmission lines, distribution networks, and railway infrastructure.

With operations spanning 58 countries and successful completion of over 200 power transmission and distribution projects, the company has demonstrated strong execution capabilities. Their impressive track record includes EPC completion of 34,654 CKM of transmission lines and 30,000 CKM of distribution lines as of June 2024. The company operates four strategic manufacturing units across Gujarat, Maharashtra, and Dadra and Nagar Haveli, supported by 114 employees in their design and engineering team.

Their financial performance has been robust, achieving 30.2% revenue growth and 116.8% PAT increase between FY2023 and FY2024, underlining their strong operational execution and market position in the power infrastructure sector.

Highlights of the Transrail Lighting IPO:

• IPO type: Book Built Issue
• IPO size: ₹838.91 crores
• Fresh Issue: ₹400.00 crores
• Offer for Sale: ₹438.91 crores
• Face value: ₹2 per share
• Price band: ₹410 to ₹432 per share
• Lot size: 34 shares
• Minimum investment for retail investors: ₹14,688
• Minimum investment for sNII: ₹2,05,632 (14 lots)
• Minimum investment for bNII: ₹10,13,472 (69 lots)
• Listing at: BSE, NSE
• IPO opens: December 19, 2024
• IPO closes: December 23, 2024
• Allotment date: December 24, 2024
• Refund initiation: December 26, 2024
• Credit of shares: December 26, 2024
• Listing date: December 27, 2024
• Lead Managers: Inga Ventures Pvt Ltd, Axis Capital Limited, HDFC Bank Limited, IDBI Capital Market Services Limited
• Registrar: Link Intime India Private Ltd

The initial day's subscription pattern suggests a methodical market approach to evaluating Transrail Lighting's strong position in the power infrastructure sector and its potential to capitalize on growing infrastructure development opportunities both domestically and internationally.