Transrail Lighting IPO Day 2 Live Updates: Key Highlights, Subscription Status, and Insights
Incorporated in February 2008, Transrail Lighting Limited is an engineering and construction company focused on power transmission and distribution and manufacturing lattice structures, conductors, and monopoles. Its IPO bidding opened for subscription on December 19, 2024 and will close on December 23, 2024.
Transrail Lighting Business Overview
The company offers a range of services, including:
- EPC solutions: Comprehensive engineering, procurement, and construction of transmission and distribution lines.
- Civil construction: Design and execution of projects such as bridges, tunnels, elevated roads, and cooling towers.
- Poles and lighting: Manufacturing, supply, installation, and testing services in the poles and lighting segment.
- Railway services: Turnkey solutions for overhead electrification, signaling, telecommunication, earthworks, and track linking.
Since its inception, the company has successfully delivered over 200 power transmission and distribution projects. With a global footprint in 58 countries, including Bangladesh, Kenya, Tanzania, Niger, Nigeria, Mali, Cameroon, Finland, Poland, and Nicaragua, Transrail undertakes turnkey EPCs and supply projects.
As of June 30, 2024, Transrail has completed EPC projects covering 34,654 CKM of transmission lines and 30,000 CKM of distribution lines both in India and abroad. By December 2024, the company operates four manufacturing facilities, located in Vadodara, Gujarat; Deoli, Maharashtra; and two units in Silvassa, Dadra and Nagar Haveli.
Transrail Lighting IPO Day 2 Subscription Status
(December 20, 2024, 11:36:00 AM)
On the second day of bidding, the Transrail Lighting IPO saw an overall subscription of 3.19 times the total shares on offer. The Non-Institutional Investors (NIIs) subscribed to 3.76 times their allotted portion, while Retail Investors subscribed to 4.46 times the shares reserved for them. The subscription rate for Qualified Institutional Buyers (QIBs) stood at 0.77 times, and the Employees' Category recorded a subscription of 1.05 times.
Transrail Lighting IPO Day 1 Subscription Status
(December 19, 2024, End of Day)
On the first day of bidding, the Transrail Lighting IPO saw an overall subscription of 2.13 times the total shares on offer. The Non-Institutional Investors (NIIs) subscribed to 2.17 times their allotted portion, while Retail Investors subscribed to 2.98 times the shares reserved for them. The subscription rate for Qualified Institutional Buyers (QIBs) stood at 0.77 times, and the Employees' Category recorded a subscription of 0.7 times.
Transrail Lighting IPO Details
- The Transrail Lighting IPO, valued at ₹838.91 crores, is a book-built issue comprising a fresh issue of 0.93 crore shares amounting to ₹400 crores and an offer for sale of 1.02 crore shares worth ₹438.91 crores.
- The IPO opened for subscription on December 19, 2024, and will close on December 23, 2024.
- The allotment of shares is expected to be finalized on Tuesday, December 24, 2024, with the listing scheduled on BSE and NSE on Friday, December 27, 2024.
- The price band for the IPO is set at ₹410 to ₹432 per share.
- Investors can apply for a minimum lot size of 34 shares, requiring a retail investment of ₹14,688. For sNII, the minimum investment is 14 lots (476 shares) amounting to ₹2,05,632, while for bNII, the minimum is 69 lots (2,346 shares) totaling ₹10,13,472.
- The IPO is managed by book-running lead managers Inga Ventures Pvt Ltd, Axis Capital Limited, HDFC Bank Limited, and IDBI Capital Market Services Limited, with Link Intime India Private Ltd serving as the registrar.
Use of Proceeds
The company intends to use the net proceeds for several purposes, including meeting its incremental working capital requirements, funding capital expenditure, and supporting general corporate purposes.
Transrail Lighting Financial Highlights
- Revenue increased by 29.60% from Rs. 3,144 crore in FY23 to Rs. 4,074 crore in FY24.
- Profit after tax (PAT) rose by 116.8% between the financial year ending March 31, 2023 and March 31, 2024, from Rs. 107.57 crore to Rs. 233.21 crore.
Key Ratios
|
Years |
FY24 |
|
ROE |
24.41% |
|
ROCE |
24.33% |
|
EBITDA Margin |
11.71% |
|
PAT Margin |
5.65% |
|
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