Transrail Lighting Limited, a leading engineering and construction company in the power transmission and distribution sector, has announced its Initial Public Offering (IPO) to raise up to ₹838.91 crores. The IPO will include both a fresh issue of shares and an offer for sale. Here’s everything you need to know about the IPO, including its timeline, price band, and application details.

IPO Overview

Total Issue Size: ₹838.91 crores
- Fresh Issue: ₹400.00 crores (0.93 crore shares)
- Offer for Sale: ₹438.91 crores (1.02 crore shares)
Price Band: ₹410 to ₹432 per share
Face Value: ₹2 per share
Lot Size: 34 shares
Minimum Investment (Retail): ₹14,688
Minimum Investment (sNII): ₹2,05,632 (476 shares)
Minimum Investment (bNII): ₹10,13,472 (2,346 shares)

The IPO will be available for subscription from December 19, 2024, to December 23, 2024. The allotment is expected to be finalized on December 24, 2024, with the listing set for December 27, 2024, on both the BSE and NSE.

IPO Subscription and Reservation Details

Investor Category

Shares Offered

QIB (Qualified Institutional Buyers)

Up to 50% of Net Issue

Retail

At least 35% of Net Issue

NII (Non-Institutional Investors)

At least 15% of Net Issue

Category Reservation Detail Table

Application Category

Maximum Bidding Limits

Bidding at Cut-off Price Allowed

Only RII (Retail Individual Investor)

Up to ₹2 Lakhs

Yes

Only sNII (Small Non-Institutional Investors)

₹2 Lakhs to ₹10 Lakhs

Only bNII (Big Non-Institutional Investors)

₹10 Lakhs to NII Reservation Portion

Only Employee

Up to ₹5 Lakhs

Yes

Employee + RII/NII

Employee limit: Up to ₹5 Lakhs (Employees may receive a discount if the bidding amount is up to ₹2 Lakhs)

Yes for shareholder/RII, conditions apply

If Applying as RII

Up to ₹2 Lakhs

Yes

If Applying as NII

sNII: ₹2 Lakhs to ₹10 Lakhs and bNII: ₹10 Lakhs and above

Yes, for shareholder or RII

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Transrail Lighting IPO Timeline

IPO Open Date: December 19, 2024
IPO Close Date: December 23, 2024
Basis of Allotment Finalization: December 24, 2024
Initiation of Refunds: December 26, 2024
Credit of Shares to Demat: December 26, 2024
Listing Date: December 27, 2024

Cut-off time for UPI mandate confirmation: 5 PM on December 23, 2024

Company Overview: Transrail Lighting Limited

Incorporated in February 2008, Transrail Lighting is an engineering and construction company focused on power transmission and distribution. They are also involved in manufacturing lattice structures, conductors, and monopoles, alongside providing services in civil construction and railway infrastructure.

Key Services Provided by Transrail Lighting:

Transmission and distribution lines (engineering, procurement, and construction)
Civil construction for bridges, tunnels, elevated roads, and cooling towers
Manufacturing, supply, and installation of poles and lighting
Railway services, including electrification and signaling

Transrail Lighting has completed over 200 projects across 58 countries, including Bangladesh, Kenya, Nigeria, and Finland. The company operates four manufacturing units across India and boasts a strong track record in both domestic and international markets.

Financial Performance of Transrail Lighting

The company has shown a strong growth trajectory in terms of revenue and profit. Below are the financial highlights from the last few years:

Period Ended

30 Jun 2024

31 Mar 2024

31 Mar 2023

31 Mar 2022

Assets (₹ Crore)

4,836.17

4,620.61

3,445.49

2,841.87

Revenue (₹ Crore)

929.70

4,130.00

3,172.03

2,357.20

Profit After Tax (₹ Crore)

51.74

233.21

107.57

64.71

Net Worth (₹ Crore)

1,140.65

1,075.87

709.15

599.32

Total Borrowing (₹ Crore)

603.43

643.19

604.92

469.12

Note: All figures are in ₹ Crore.

Objectives of the IPO

The company aims to use the proceeds from the IPO to:
Support general corporate purposes
Meet incremental working capital requirements
Fund capital expenditure needs

Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice or an endorsement of any IPO or investment opportunity. While we strive to ensure the accuracy of the details shared, the content is based on publicly available information, research, and reports from credible sources. Readers are advised to verify the details independently and consult with a financial advisor before making any investment decisions.Stay informed and exercise caution while making financial decisions.