TRANSRAIL LIGHTING LIMITED
Book Built Issue IPO · NSE, BSE
- Price band
- Rs. 410 to Rs. 432 per Equity Share
- Lot size
- 34 shares
- Issue amount
- ₹0 cr
- Total subscription
- 80.86×
- Opens
- 19 Dec 2024
- Closes
- 23 Dec 2024
- Allotment
- 24 Dec 2024
- Listing
- 27 Dec 2024
Offer at a glance
Issue overview
- Issue size
- —
- Face value
- ₹2 Per Share
- Minimum investment
- ₹13,940
- Fresh issue
- ₹400 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,688
- Issue type
- Book Built Issue IPO
- Shares before issue
- 12,49,96,767
- Shares after issue
- 3,42,56,026
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 34 | ₹14,688 |
| sHNI | 14 | 476 | ₹2,05,632 |
| bHNI | 69 | 2,346 | ₹10,13,472 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 2,00,248 | 44,19,168 |
| HNIs(10L +) | 4,087 | 3,18,181 |
| HNIs (2-10L) | 2,043 | 1,50,204 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 161.01 | 32,371.96 |
| RETAIL | 294.12 | 6,490.87 |
| NIB | 126.05 | 9,631.49 |
| HNIs 2+ | 42.02 | 3,088.67 |
| HNIs 10+ | 84.04 | 6,542.83 |
| EMPLOYEES | 20.02 | 81.5 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Jun-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 4.17 | 19.59 | 9.45 |
| ROE | 4.42 | 24.41 | 15 |
| ROCE | 6.02 | 24.33 | 18.27 |
| RONW | 4.54 | 21.68 | 15.17 |
| Pre IPO | 0 | 23.15 | 0 |
| Post IPO | 28.02 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Transrail Lighting Limited, founded in February 2008, is a top engineering and construction company focused on power transmission and distribution. It manufactures lattice structures, conductors, and monopoles. The company offers EPC services for transmission and distribution lines, civil projects like bridges, tunnels, elevated roads, and cooling towers, as well as manufacturing and providing poles and lighting services, including supply, installation, and testing. Transrail also provides railway services such as overhead electrification, signaling, telecommunication, earthworks, and track linking. Operating in 58 countries, including Bangladesh, Kenya, Tanzania, Niger, Nigeria, Mali, Cameroon, Finland, Poland, and Nicaragua, the company has successfully completed over 200 power transmission and distribution projects. By June 30, 2024, it will have built 34,654 CKM of transmission lines and 30,000 CKM of distribution lines, and supplied 1.3 MMT of towers, 194,534 KM of conductors, and 458,705 poles. With 114 employees in its design and engineering team, Transrail operates four manufacturing units in Vadodara (Gujarat), Deoli (Maharashtra), and two in Silvassa (Dadra and Nagar Haveli).
Strengths
- Proven Expertise: Strong presence in the power transmission and distribution sector with solid execution capabilities.
- Advanced Facilities: Modern manufacturing units ensuring high-quality, reliable output.
- Diversified Order Book: Robust and well-diversified order pipeline indicating stability and market confidence.
Risk factors
- Order Book Vulnerability: Cancellations, delays, or changes in orders can affect operations, finances, and reputation.
- Execution Challenges: Long EPC project timelines may cause time and cost overruns, impacting profitability.
- Government Tender Dependence: With 70–82% revenue from government tenders, delays or fewer tenders pose major business risks.
Promoters
Ajanma Holdings Private Limited
Digambar Chunnilal Bagde
Sanjay Kumar Verma
Registrar & documents
Lead manager
Axis Capital Limited, HDFC Bank Limited, IDBI Capital Market Services Limited, Inga Ventures Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
501, A, B, C, E Fortune 2000, Block G, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra 400 051 India
+91 22 6197 9600
[email protected]Understanding TRANSRAILL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.