Transrail Lighting Limited made its stock market debut on Friday, December 27, 2024, with shares listing at a premium of 36.57% on the National Stock Exchange (NSE). The stock opened at ₹590 per share, significantly above its issue price of ₹432, delivering a windfall to investors who secured allotments. However, the stock experienced minor corrections during the day, trading at ₹570.80 by 11:45 am.
Key Highlights of Transrail Lighting IPO Listing
Listing Day Price Movement
- Issue Price: ₹432 per share
- Listing Price (NSE): ₹590 (+36.57%)
- Current Price: ₹570.80 (-3.25%)
- High: ₹605
- Low: ₹544.50
- Market Cap: ₹7,663.33 crore
Subscription Details
The IPO was oversubscribed 80.80 times, demonstrating immense interest across investor categories.
- Qualified Institutional Buyers (QIBs): 201.06 times
- Non-Institutional Investors (NIIs): 76.41 times
- Retail Investors: 22.07 times
Trading Statistics
- Traded Volume: 144.88 lakh shares
- Traded Value: ₹839.32 crore
Financial Performance
Transrail Lighting’s robust financial performance in recent years fueled strong investor sentiment.
- Revenue Growth: From ₹2,284 crore in FY22 to ₹4,009 crore in FY24
- Net Profit Growth: From ₹64.71 crore in FY22 to ₹233.21 crore in FY24
- Q1 FY25 Revenue: ₹896.9 crore
- Q1 FY25 Net Profit: ₹51.74 crore
Board of Directors and Leadership
- Digambar Bagde: Executive Chairman
- Randeep Narang: Managing Director and CEO
- Shrikant Chaturvedi, Sanjay Verma: Non-Executive Directors
- Independent Directors:
- Vinod Dasari
- Ranjit Jatar
- Ashish Gupta
- Major General Dr. Dilawar Singh
About Transrail Lighting
Transrail Lighting is a leading engineering, procurement, and construction (EPC) firm specializing in power transmission and distribution. The company plays a critical role in building infrastructure to enhance power distribution networks across India and beyond.
IPO Details and Objectives
The ₹838.91 crore IPO was a mix of fresh issue and offer-for-sale (OFS). The company raised ₹400 crore through the fresh issue, and the proceeds are allocated towards:
- Incremental working capital requirements
- Capital expenditure
- General corporate purposes
The IPO’s lead manager was Nuvama Wealth Management Ltd, and the registrar was Link Intime India Pvt Ltd.
Transrail Lighting’s strong debut on the stock exchanges reflects its robust fundamentals and the power sector’s growing significance in India’s economic landscape.
