Transrail Lighting IPO Closes Today: Issue Size, Date, Likely Listing Date, GMP, Details Here

Today, 23rd December, 2024 is the last day to subscribe to Transrail IPO . The bidding started on 19th December. The stocks will be listed on NSE and BSE on a future date.

Transrail IPO: Details

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 bidding started from December 19, 2024 and ended on December 23, 2024. The allotment for the Transrail Lighting IPO is expected to be finalized on Tuesday, December 24, 2024. The IPO will list on BSE, NSE with tentative listing date fixed as Friday, December 27, 2024. 

The IPO price band is set at Rs 410 to Rs 432 per share. The minimum lot size for an application is 34. The minimum amount of investment required by retail investors is Rs14,688. The minimum lot size investment for sNII is 14 lots (476 shares), amounting to Rs., 2,05,632, and for bNII, it is 69 lots (2,346 shares), amounting to Rs., 10,13,472.

Transrail Lighting IPO subscribed 14.46 times. The public issue subscribed 12.69 times in the retail category, 4.73 times in QIB, and 33.38 times in the NII category.

Tranrail IPO: In A Nutshell

Price Band             Rs 410 to Rs 432 per share
Lot Size                 34 Shares
Total Issue Size     1,94,19,259 shares
(aggregating up to Rs 838.91 Cr)
Fresh Issue            92,59,259 shares
(aggregating up to Rs  400.00 Cr)
Offer for Sale        1,01,60,000 shares of ₹2
(aggregating up to Rs 438.91 Cr)
Issue Type            Book Built Issue IPO
Listing At              BSE, NSE

Transrail Lighting IPO: Grey Market Premium 

Transrail Lighting IPO last  Grey Market Premium (GMP) is around Rs 180. It is estimated Transrail Lighting IPO will have a listing price is Rs., 612 (cap price + GMP).

Transrail Lighting is an Indian engineering, procurement and construction companies providing integrated turnkey solutions across business verticals, and have manufacturing facilities for lattice structures, conductors, and monopoles. 

They have completed more than 200 projects in power transmission and distribution vertical, along with comprehensive and extensive project execution capabilities in terms of manpower, supply of materials (including self-manufactured products) and availability of world class machinery, both in India and internationally.

They have a comprehensive execution profile for overhead transmission lines, monopole lines, underground cables, distribution networks as well as sub-stations.They have developed extensive pre-qualifications in power transmission and distribution business owing to our extensive experience in the sector.

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