Transrail Lighting IPO is a book built issue of Rs 838.91 crores. The issue is a combination of fresh issue of 0.93 crore shares aggregating to Rs 400.00 crores and offer for sale of 1.02 crore shares aggregating to Rs 438.91 crores.
Transrail Lighting IPO opens for subscription on December 19, 2024 and closes on December 23, 2024. The allotment for the Transrail Lighting IPO is expected to be finalized on Tuesday, December 24, 2024. Transrail Lighting IPO will list on BSE, NSE with tentative listing date fixed as Friday, December 27, 2024.
Transrail Lighting IPO price band is set at ₹410 to ₹432 per share. The minimum lot size for an application is 34. The minimum amount of investment required by retail investors is ₹14,688. The minimum lot size investment for sNII is 14 lots (476 shares), amounting to ₹2,05,632, and for bNII, it is 69 lots (2,346 shares), amounting to ₹10,13,472.
Inga Ventures Pvt Ltd, Axis Capital Limited, Hdfc Bank Limited, Idbi Capital Market Services Limited are the book running lead managers of the Transrail Lighting IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Transrail Lighting IPO RHP for detailed information.
Transrail Lighting IPO Details
| IPO Date | December 19, 2024 to December 23, 2024 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | ₹410 to ₹432 per share |
| Lot Size | 34 Shares |
| Total Issue Size | 1,94,19,259 shares (aggregating up to ₹838.91 Cr) |
| Fresh Issue | 92,59,259 shares (aggregating up to ₹ 400.00 Cr) |
| Offer for Sale | 1,01,60,000 shares of ₹2 (aggregating up to ₹438.91 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 12,49,96,767 shares |
| Share Holding Post Issue | 13,42,56,026 shares |
Transrail Lighting IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not Less than 15% of the Net Issue |
Category Reservation Detail Table
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII | Employee limit: Up to Rs 5 Lakhs (In certain cases, employees are given discount if bidding amount is upto Rs. 2 lakhs)If applying as RII: Upto Rs. 2 lakhsIf applying as NII: sNII > Rs. 2 lakhs and upto Rs. 10 lakhs and bNII > Rs. 10 lakhs | Yes for shareholder/RII |
Transrail Lighting IPO Timeline (Tentative Schedule)
Transrail Lighting IPO IPO opens on December 19, 2024, and closes on December 23, 2024.
| IPO Open Date | Thursday, December 19, 2024 |
| IPO Close Date | Monday, December 23, 2024 |
| Basis of Allotment | Tuesday, December 24, 2024 |
| Initiation of Refunds | Thursday, December 26, 2024 |
| Credit of Shares to Demat | Thursday, December 26, 2024 |
| Listing Date | Friday, December 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 23, 2024 |
Transrail Lighting IPO Lot Size
Investors can bid for a minimum of 34 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 34 | ₹14,688 |
| Retail (Max) | 13 | 442 | ₹1,90,944 |
| S-HNI (Min) | 14 | 476 | ₹2,05,632 |
| S-HNI (Max) | 68 | 2,312 | ₹9,98,784 |
| B-HNI (Min) | 69 | 2,346 | ₹10,13,472 |
| Lot Size Calculator | |||
Transrail Lighting IPO Promoter Holding
The Promoters of the Company are Ajanma Holdings Private Limited, Digambar Chunnilal Bagde and Sanjay Kumar Verma.
| Share Holding Pre Issue | 84.50% |
| Share Holding Post Issue |
About Transrail Lighting Limited
Incorporated in February 2008, Transrail Lighting Limited is an engineering and construction company focused on power transmission and distribution and manufacturing lattice structures, conductors, and monopoles.
The company provides the following services:-
- Supply, engineering, procurement and construction of transmission lines and distribution lines.
- EPC services in civil construction including design in relation to bridges, tunnels, elevated roads and cooling towers.
- Act as manufacturers and service providers in the poles and lighting segment, including supply, installation, and testing.
- The company provides railway services, including overhead electrification, signalling, telecommunication, earthworks, and track linking.
Since its inception, the company has completed over 200 power transmission and distribution projects. The company has a presence in 58 countries, including Bangladesh, Kenya, Tanzania, Niger, Nigeria, Mali, Cameroon, Finland, Poland, and Nicaragua, with turnkey EPCs and supply projects.
As of June 30, 2024, the company has completed the EPC of 34,654 CKM of transmission lines and 30,000 CKM of distribution lines, both domestically and internationally.
As of December 2024, the company has four manufacturing units. The first one is situated in Vadodara Gujrat, second one in Deoli, Maharashtra,and third and fourth one in Silvassa, Dadra and Nagar Haveli respectively.
As of June 30, 2024, the company supplied 1.3 MMT of towers, 194,534 KM of conductors, and 458,705 poles.
As of June 30, 2024, the company has 114 employees in the design and engineering team.
Competitive Strength:
- Strong and diversified Order Book
- Established manufacturing facilities in four locations
- Proven track record of growth and established presence in the power transmission and distribution sector through effective implementation and execution skills.
Company Financials
Transrail Lighting Limited Financial Information (Restated Consolidated)
Transrail Lighting Limited’s revenue increased by 30.2% and profit after tax (PAT) rose by 116.8% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 4,836.17 | 4,620.61 | 3,445.49 | 2,841.87 |
| Revenue | 929.70 | 4,130.00 | 3,172.03 | 2,357.20 |
| Profit After Tax | 51.74 | 233.21 | 107.57 | 64.71 |
| Net Worth | 1,140.65 | 1,075.87 | 709.15 | 599.32 |
| Total Borrowing | 603.43 | 643.19 | 604.92 | 469.12 |
| Amount in ₹ Crore | ||||
Key Performance Indicator
The market capitalization of Transrail Lighting IPO is Rs 5799.86 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 24.41% |
| ROCE | 24.33% |
| Debt/Equity | 0.56 |
| RoNW | 21.68% |
| PAT Margin | 5.65 |
| Price to Book Value | 4.70 |
Check Transrail Lighting IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 18.66 | 15.42 |
| P/E (x) | 23.15 | 28.02 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2024 that is available in RHP.
Objects of the Issue (Transrail Lighting IPO Objectives)
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; and
- General corporate purposes.
Sorry, we couldn’t find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
Transrail Lighting IPO Prospectus
Transrail Lighting Limited Contact Details
Transrail Lighting Limited
501, A,B,C,E Fortune 2000, Block G Bandra
Kurla Complex, Bandra
East Mumbai,-400051
Phone: +91 22 6197 9600
Email: cs@transraillighting.com
Website: https://transrail.in/
Transrail Lighting IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: transraillighting.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html