Transrail Lighting IPO made a strong debut with a listing gain of 36.57%. The stock opened at ₹590 on the NSE, reflecting a 36.57% premium over its issue price of ₹432. On the BSE, Transrail Lighting shares opened at ₹585.15, also showing a significant gain.
The IPO had a Grey Market Premium (GMP) of ₹165, indicating strong investor interest. This remarkable listing performance highlights the positive market sentiment surrounding the Transrail Lighting IPO.
Overview of Contents
Transrail Lighting IPO Subscription Status
The Transrail Lighting IPO received strong demand across all categories, with a total subscription of 80.80 times. Qualified Institutional Buyers (QIBs) showed significant interest, with their bids oversubscribed by 201.06 times.
Non-Institutional Investors subscribed 76.41 times, while Retail Individual Investors (RIIs) subscribed 22.07 times. Employees also participated, with their category oversubscribed by 4.07 times. The strong demand reflects the positive market sentiment surrounding the IPO.
Details About Transrail Lighting’s IPO
The Transrail Lighting IPO, offering a fresh issue of ₹400 crore and an offer for sale of 1.02 crore shares, will open on December 19, 2024, and close on December 23, 2024. With a tentative listing date of December 27, 2024, the company reported a revenue of ₹4,130 crore and a profit of ₹233.21 crore in 2024, highlighting strong financial growth. Investors may consider this IPO for its long-term potential.
| 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 |
Funds Deployment of This IPO
The funds raised from this IPO will be used for the company’s working capital requirements and essential operational expenses. A portion of the funds will also be allocated for capital expenditure to support business growth, while the remaining funds will be used for general corporate purposes.
About Company
Transrail Lighting Limited, established in 2008, is a leading engineering and construction company specializing in power transmission and distribution. With a presence in 58 countries, it has completed over 200 projects globally. The company manufactures lattice structures, conductors, and monopoles, offering turnkey EPC services.
Operating four manufacturing units in India, Transrail Lighting has a strong track record, with over 34,000 CKM of transmission lines executed. The company has shown consistent growth, with revenue rising from ₹2,139 crore in 2021 to ₹4,130 crore in 2024.
Transrail Lighting’s Financial Background
Transrail Lighting Limited has demonstrated strong financial growth, with revenue increasing from ₹2,357.20 crore in 2022 to ₹4,130 crore in 2024. Profit after tax (PAT) rose significantly from ₹64.71 crore in 2022 to ₹233.21 crore in 2024. As of June 2024, the company reported revenue of ₹929.70 crore and PAT of ₹51.74 crore.