Transrail Lighting Ltd IPO Opens On December 19. Check IPO Details Issue Date Price

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Transrail Lighting Ltd IPO Opens On December 19. Check IPO Details Issue Date Price

December 19, 2024
Transrail Lighting Ltd  IPO Opens On December 19. Check IPO Details Issue Date Price

Transrail Lighting Ltd is coming out with a fresh public issue to raise Rs. 838.91 crores from the market.

Below are the details of the Transrail Lighting Ltd IPO:

  • Issue opens – December 19th (Thursday)
  • Issue closes – December 23rd (Monday)
  • Issue size – Rs. 838.91 crores
  • Price band – Rs. 410 to 432 per equity share
  • Bid lot – 34 shares and in multiples thereof.

And here are some details of the company and further details on the IPO.

Company Details:

  • The Company was originally incorporated as ‘Transrail Lighting Ltd’ at Mumbai, Maharashtra in February 2008. The company’s Promoters are Ajanma Holdings Private Limited, Digambar Chunnilal Bagde and Sanjay Kumar Verma.
  • The company is Indian engineering, procurement and construction (“EPC”) company focusing primarily on power transmission and distribution business (T&D) and integrated manufacturing facilities for lattice structures, conductors, and monopoles. The company also provides EPC services in relation to air insulated and gas insulated substations.
  • The company has a track record of 4 decades in providing comprehensive solutions in the power T&D sector, on a turnkey basis globally.
  • The company’s business is divided into 4 verticals, namely (i) power transmission and distribution, (ii) civil construction, (iii) poles and lighting, and (iv) railways.
  • The company has completed 200+ projects in power transmission and distribution vertical in India and internationally. The company has footprint in 58 countries like Bangladesh, Kenya, Tanzania, Niger, Nigeria, Mali, Cameroon, Finland, Poland, Nicaragua etc. including turnkey EPCs or supply projects.
  • As of June 30, 2024, the company has constructed 34,654 CKM transmission lines (including more than 22,912 CKM of transmission lines which are above 220 kV in the ultra-high voltage (“UHV”) transmission lines sector.
  • The company owns and operates 4 integrated manufacturing facilities including one tower testing facility, across India. The company procures most of its machinery from countries such as Italy and United Kingdom.
  • The company’s total revenue increased at a CAGR of 32.37% to   ? 4,129.99 Cr in FY 2024 from ? 2,357.19 Cr in FY 2022 while its PAT increased at a CAGR of 89.84% to ? 233.21 Cr in FY2024 from ? 64.71 Cr in FY2022. The company’s Unexecuted Order Book has almost doubled to ? 10,100.47 Cr as on March 31, 2024, from ? 5,907.59 Cr as of March 31, 2022.

Issue Size: Rs. 838.91 Cr.

Employee Reservation: 439814 Equity Shares aggregating upto Rs.19 Cr.

Issue break-up:

QIB - 50 % of the offer - Rs. 409.96 Cr
NIB - 15 % of the offer - Rs. 122.99 Cr.
RET - 35 % of the offer - Rs. 286.97 Cr.

Listing: BSE & NSE

Registrar: Link Intime India Private Limited

UPI : All Retail & NII Bidders (bids up to Rs. 5,00,000) Applications through brokers are compulsorily in UPI Mode

Note

Application made using third party UPI or ASBA Bank A/c are liable to be rejected.

The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs. 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e., Monday, December 23, 2024.

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