Transrail Lighting IPO

NiftyTrader • December 18, 2024

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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.

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 Details

IPO Date	December 19, 2024 to December 23, 2024
Listing Date	[.]
Face Value	₹2 per share
Price	₹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
Shareholding pre-issue	12,49,96,767 shares
Share holding post issue	13,42,56,026 shares

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)	67	2,312	₹9,98,784
B-HNI (Min)	68	2,346	₹10,13,472

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.

About Transrail Lighting

Incorporated in February 2008, Transrail Lighting 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:

Proven track record of growth and established presence in the power transmission and distribution sector through effective implementation and execution skills.

Strong and diversified Order Book

Established manufacturing facilities in four locations

Transrail Lighting Financial Information

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

Transrail Lighting IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50% of the Net Offer
Retail Shares Offered	Not less than 35% of the Net Offer
NII (HNI) Shares Offered	Not less than 15% of the Net Offer

Transrail Lighting IPO Timeline (Tentative Schedule)

Transrail Lighting 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
A 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