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Transteel Seating SME IPO
Transteel Seating Technologies Limited
₹1,34,000 /2000 sharesMinimum Investment
Transteel Seating SME IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 30 Oct ‘23 - 1 Nov ‘23 | ₹1,34,000 | 2,000 | ₹67 - ₹70 |
| Issue Size | IPO Doc |
|---|---|
| 49.98Cr | RHP PDF |
About Transteel Seating SME
Founded in
1995
Managing director
Mr. Shiraz Ibrahim
Parent organisation
Transteel Seating Technologies Limited
Strengths & Financials of Transteel Seating SME
Strengths
Risks
Transteel Seating has expanded its presence in Mumbai, Chennai, Delhi NCR, Pune, and Hyderabad.
Their diverse product range caters to various preferences and consumer segments, focusing on clients in education, healthcare, hospitality, banking, insurance, and information technology companies.
Transteel Seating handles product delivery and installation through their in-house team of technicians. Third-party logistics are only used for shipping from the factory to branch warehouses and then to customer locations.
They rigorously test their products prior to delivery and installation to meet quality and customer requirements. Tests include visual inspection, mechanical assessment, insulation resistance, operational checks, continuity testing, and temperature and strength evaluations.
Transteel Seating actively participates in government and institutional tenders for bulk customized office furniture and related items.
They provide tailored furniture and installation services based on client specifications and needs. Standard designs and sizes for desks, beds, workstations, wardrobes, and other products are readily available for use.
Transteel Seating is currently involved in legal proceedings that include its promoters and directors. Unfavorable outcomes in these proceedings could significantly harm the company's business, financial condition, and operational results.
The company lacks long-term agreements with its clients, making it susceptible to uncertainties in demand for its services.
Transteel Seating has not yet placed orders for all the machinery needed for its proposed objectives. Delays in ordering and acquiring this machinery could disrupt the implementation schedule and lead to increased costs, impacting the company's revenue and profitability.
The company's business is heavily concentrated in one geographic location, with a significant portion of its revenue coming from a single city, Bangalore. In 2020-2021, 2021-2022, and 2022-2023, 37%, 30%, and 30% of the revenue, respectively, came from Bangalore. Such geographical concentration could pose a risk to the business.
Transteel Seating has issued debt instruments in the past, and any failure to comply with the material covenants of these debt instruments could negatively impact the company's financial position.
It's important to note that the company will not receive the entire proceeds from the offer. The promoter-selling shareholder will receive the proceeds from the offer for sale after deducting applicable expenses and taxes.
The company experienced negative cash flow in its operating and investing activities in 2023, 2022, and 2021. Sustained negative cash flow could hinder the company's growth and overall business.
Transteel Seating SME Financials
*All values are in Rs. Cr
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Application Details of Transteel Seating SME IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹67 - 70 | ₹2 - 5 Lakh |
| High Networth Individual | ₹67 - 70 | ₹2 - 5 Lakh |
For Transteel Seating SME IPO, eligible investors can apply as Regular.