Last updated on November 6, 2023
Transteel Seating IPO description – Incorporated in 1995, Transteel Seating Technologies is a furniture provider with over 20 years of corporate and B2B experience. The company has developed expertise in making chairs, office furniture, and other residential and commercial furniture.
The company has also developed an in-house technical and design team to provide turnkey solutions and implementation of interiors and workspaces in Commercial, Residential, and Educational Institutions. Its aim is to develop creative and innovative designs in the furniture space and to develop techniques to make all products as part of the ‘Make in India’ initiative. The products are ready to use and provide space management and are primarily targeted to clients in Education, Healthcare, Hospitality, Banking, Insurance, and Info-Tech Companies.
Transteel Seating Technologies’ products, and services:
- WFH -Work from Home Furniture
- Ergonomic Chair
- Office Table
- Workstation
- Office Storage, and Office Furniture
Promoters of Transteel Seating – Mr. Shiraz Ibrahim, and Ms. Nasreen Shiraz
Table of Contents
Transteel Seating IPO Details
| Transteel Seating IPO Dates | 30 Oct – 1 Nov 2023 |
| Transteel Seating Issue Price | INR 67 – 70 per share |
| Fresh issue | 67,84,000 shares (INR 45.45 – 47.49 crore) |
| Offer For Sale | 3,56,000 shares (INR 2.39 – 2.49 crore) |
| Total IPO size | 71,40,000 shares (INR 47.84 – 49.98 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 1,40,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
Transteel Seating Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 2,281.15 | 2,798.86 | 5,947.95 |
| Expenses | 2,267.37 | 2,588.53 | 4,697.86 |
| Net income | (0.59) | 159.08 | 909.36 |
Transteel Seating Offer News
- Transteel Seating Technologies RHP
- Transteel Seating Technologies Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Transteel Seating Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.01 | 1.19 | 6.80 |
| PE ratio | – | – | 9.85 – 10.29 |
| RONW (%) | 0.40 | 25.26 | 37.21 |
| NAV | 3.52 | 4.71 | 18.28 |
| ROCE (%) | 12.86 | 33.74 | 37.06 |
| EBITDA (%) | 6.02 | 13.87 | 25.95 |
| Debt/Equity | 2.10 | 2.11 | 1.10 |
Transteel Seating IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 4 November 2023 | 15 | – | 17,500 |
| 3 November 2023 | 15 | – | 18,000 |
| 2 November 2023 | 17 | – | 21,000 |
| 1 November 2023 | 20 | – | 26,000 |
| 31 October 2023 | 20 | – | 26,000 |
| 30 October 2023 | 17 | – | 22,700 |
| 28 October 2023 | 15 | – | 19,000 |
| 27 October 2023 | 16 | – | 19,000 |
| 26 October 2023 | 15 | – | 17,000 |
| 25 October 2023 | 15 | – | 17,800 |
Transteel Seating IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
| Shares Offered | 1,350,000 | 1,680,000 | 2,250,000 | 5,280,000 |
| 1 Nov 2023 | 12.15 | 71.08 | 39.81 | 42.69 |
| 31 Oct 2023 | 0.32 | 2.09 | 7.89 | 4.11 |
| 30 Oct 2023 | 0.00 | 1.01 | 2.68 | 1.46 |
Transteel Seating IPO Allotment Status
Transteel Seating IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Transteel Seating IPO Dates & Listing Performance
| Transteel IPO Opening Date | 30 October 2023 |
| Transteel IPO Closing Date | 1 November 2023 |
| Finalization of Basis of Allotment | 3 November 2023 |
| Initiation of refunds | 3 November 2023 |
| Transfer of shares to demat accounts | 6 November 2023 |
| Transteel IPO Listing Date | 6 November 2023 |
| Opening Price on NSE SME | INR 88.9 per share (up 27%) |
| Closing Price on NSE SME | INR 93.30 per share (up 33.29%) |
Transteel Seating Offer Lead Manager
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
Pantomath Nucleus House, Saki-Vihar Road,
Andheri (East)-400072, Mumbai, Maharashtra, India
Phone: +91-22 6194 6700
Email:Â [email protected]
Website:Â www.pantomathgroup.com
Transteel Seating Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Transteel Seating Contact Details
TRANSTEEL SEATING TECHNOLOGIES LIMITED
No. 28, 4th Main, Industrial Suburb,
Yeshwanthpur, Bangalore- 560022, Karnataka
Phone: +91 80953 46346
E-mail: [email protected]
Website: www.transteel.com
IPO FAQs
What is the Transteel Seating offer size?
Transteel Seating offer size is INR 47.84 – 49.98 crores.
What is the Transteel Seating offer price band?
Transteel Seating public offer price is INR 67 – 70 per share.
What is the lot size of the Transteel Seating IPO?
Transteel Seating offer lot size is 2,000 shares.
What is Transteel Seating IPO GMP today?
Transteel Seating IPO GMP today is INR 15 per share.
What is the Transteel Seating kostak rate today?
Transteel Seating kostak rate today is INR NA per application.
What is Transteel Seating Subject to Sauda rate today?
Transteel Seating Subject to Sauda rate today is INR 17,500 per application.
