| Transrail Lighting IPO GMP | Transrail Lighting IPO Analyst View | Transrail Lighting IPO Allotment |
Transrail Lighting IPO subscription starts on 19 December 2024 and will close on 23 December 2024. The company plans to raise around INR 816.56 – 838.91 crores via the IPO. The price band is fixed at INR 410 – 432 per share. Transrail Lighting IPO market lot has 34 shares, and the minimum application amount is INR 14,688. The retail quota is 35%, QIB is 50%, and NII is 15%.
Check Transrail Lighting IPO Subscription Status here. The subscription figures are taken from BSE and NSE and are updated at regular intervals. Here you can find Transrail Lighting IPO Subscription Status segregated by days and investor categories.
Transrail Lighting IPO Subscription Status – Live Updates
Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.
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Transrail Lighting – Business Background
Transrail Lighting is a prominent Indian engineering, procurement, and construction (EPC) company specializing in power transmission and distribution. With over 40 years of experience, the company has established itself as a trusted partner globally, delivering comprehensive turnkey solutions across various sectors, including civil construction and railway electrification. Transrail operates in more than 58 countries, executing projects that encompass 34,654 circuit kilometers of transmission lines and 30,000 circuit kilometers of distribution networks as of June 2024.
The company’s extensive portfolio includes manufacturing facilities in Gujarat, Maharashtra, and Dadra and Nagar Haveli, where it produces a range of products such as towers, conductors, and poles. This vertical integration allows Transrail to maintain high-quality standards while reducing reliance on third-party suppliers. Their expertise spans high voltage (HV) and extra high voltage (EHV) segments, with capabilities to execute substations up to 765 kV.
Transrail Lighting’s customer base includes various international clients across continents such as North America, Europe, Africa, and Asia. The company has completed over 200 projects, showcasing its strong execution capabilities and effective project management.
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Investor Categories in Transrail Lighting IPO Subscription
The three most important categories of IPO investors defined by SEBI are part of Transrail Lighting IPO.
Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.
Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.
Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.
The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).
Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. If the IPO-bound company does not fulfill this criterion, only 10% of shares are reserved for retail investors.
Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.
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Transrail Lighting IPO Subscription Status FAQs
When will the Transrail Lighting IPO subscription start?
Transrail Lighting IPO subscription starts on 19 December and ends on 23 December 2024.
How to subscribe to Transrail Lighting IPO?
You can subscribe to the IPO through ASBA and non-ASBA options. To use ASBA, login to your bank account and apply for the IPO online. Alternatively, you can download the form online or obtain a physical form, then submit the completed form to your broker or bank.
When will Transrail Lighting IPO be listed?
Transrail Lighting IPO will be listed on 27 December 2024, on the BSE and NSE stock exchanges.
