The initial public offering (IPO) of Transrail Lighting Limited, a prominent player in the power transmission and distribution sector, witnessed an overwhelming response from investors, with a subscription rate of 80.80 times. The IPO, which opened on December 19, 2024, concluded on December 23, 2024, and the allotment of shares is expected today, December 24, 2024.
Issue Details
The IPO was a book-built issue worth ₹838.91 crore, comprising a fresh issue of 0.93 crore equity shares and an offer-for-sale of 1.02 crore shares. The price band for the issue was set at ₹410–₹432 per share, with a lot size of 34 shares.
The IPO attracted significant interest across all investor categories, showcasing Transrail Lighting’s strong market positioning and investor confidence.
Subscription Highlights
The IPO garnered bids for 112.44 crore shares, far exceeding the 1.39 crore shares on offer. Here’s a breakdown of the subscription:
- Qualified Institutional Buyers (QIBs):
The QIB segment saw an exceptional subscription of 201.06 times, receiving bids for 74.93 crore shares against an offer of 37.26 lakh shares. - Non-Institutional Investors (NIIs):
This category was subscribed 76.41 times, with bids for 22.29 crore shares against the offer of 29.17 lakh shares. - Retail Investors:
Retail participation was strong, with the segment being subscribed 22.07 times, receiving bids for 15.05 crore shares against an offer of 68.08 lakh shares. - Employee Category:
Employees of the company subscribed to the reserved portion 4.07 times, bidding for 18.86 crore shares against the 4.63 crore shares on offer.
Key Dates
- Allotment Date: December 24, 2024
- Listing Date: December 27, 2024
How to Check IPO Allotment Status
Through Link Intime (Registrar’s Website):
- Visit the registrar’s website.
- Select “Transrail Lighting” from the dropdown menu.
- Enter your PAN, application number, or DP client ID details.
- Click on submit to check your status.
Through BSE Website:
- Visit the BSE website.
- Under “Issue Type,” select Equity.
- Choose Transrail Lighting under “Issue Name.”
- Enter your PAN or application number to view your allotment status.
About Transrail Lighting
Transrail Lighting operates in the engineering and construction domain, focusing on power transmission and distribution. Its product portfolio includes lattice structures, conductors, and monopoles. The company also undertakes EPC projects for infrastructure like tunnels, bridges, and elevated roads.
For the quarter ending June 30, 2024, Transrail Lighting reported:
- Revenue: ₹929.70 crore
- Net Profit: ₹51.74 crore
The overwhelming subscription of Transrail Lighting’s IPO reflects its strong market presence and future growth potential in the infrastructure and power sectors. Investors eagerly await the allotment results today, with the company’s listing scheduled for December 27, 2024. This IPO marks a significant milestone for Transrail Lighting, paving the way for further expansion and growth.
