IPO Issue Details
Issue Price / Price Band₹432 per share (Fixed Price)
Face Value₹2 Per Share
Lot Size34 Shares per Lot
Total Issue Size1,94,19,258 shares (aggregating up to ₹838.91 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenThu, 19 Dec 2024
Subscription CloseMon, 23 Dec 2024
Anchor AllotmentWed, 18 Dec 2024
Basis of AllotmentTue, 24 Dec 2024
Initiation of RefundsThu, 26 Dec 2024
Credit of Shares to DematThu, 26 Dec 2024
Listing DateFri, 27 Dec 2024
UPI Mandate Deadline2024-12-23
Application & Investment Details
Retail — Min (1 Lots)₹14,688 — 34 shares
Retail — Max (13 Lots)₹190,944 (13 Lots)
HNI — Min (14 Lots)₹2,05,632 — 476 shares
EPS (Pre-IPO)₹18.66
EPS (Post-IPO)₹15.42
P/E Ratio (Pre-IPO)23.15x
P/E Ratio (Post-IPO)28.02x
Pre-IPO Promoter Holding12,49,96,767 shares
Post-IPO Promoter Holding13,42,56,026 shares
Fresh Issue Shares92,59,258 shares (aggregating up to ₹400.00 Cr)
Offer for Sale Shares1,01,60,000 shares of ₹2 (aggregating up to ₹438.91 Cr)
About Transrail Lighting Ltd.
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 BookEstablished manufacturing facilities in four locationsProven track record of growth and established presence in the power transmission and distribution sector through effective implementation and execution skills.
Objects of the Issue
Transrail Lighting Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Incremental financing working capital requirements of the company;
2
Funding capital expenditure of the company; and
3
General corporate purposes.
Shareholding & Lock-in
Pre-IPO Promoter Holding
12,49,96,767 shares
Post-IPO Promoter Holding
13,42,56,026 shares
Lock-in Period (30%)January 23, 2025
Lock-in Period (50%)March 24, 2025