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Transrail Lighting IPO is a book-built issue of Rs 838.91 crores. The issue is a combination of a fresh issue of 0.93 crore shares aggregating to Rs 400.00 crores and an offer for sale of 1.02 crore shares aggregating to Rs 438.91 crores.
The IPO opens for subscription on December 19, 2024, and closes on December 23, 2024. The price band is set at ₹410 to ₹432 per share. The minimum lot size for an application is 34 shares.
Company Summary
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.
The company provides the following services:-
- Supply, engineering, procurement, and construction of transmission lines and distribution lines.
- EPC services in civil construction including design concerning bridges, tunnels, elevated roads, and cooling towers.
- Act as manufacturers and service providers in the poles and lighting segment, including supply, installation, and testing.
- The company provides railway services, including overhead electrification, signaling, telecommunication, earthworks, and track linking.
The company has a presence in 58 countries, including Bangladesh, Kenya, Tanzania, Niger, Nigeria, Mali, Cameroon, Finland, Poland, and Nicaragua, with turnkey EPCs and supply projects.
As of December 2024, the company has four manufacturing units. The first one is situated in Vadodara Gujrat, the second one is in Deoli, Maharashtra, and the third and fourth ones are in Silvassa, Dadra, and Nagar Haveli respectively.
As of June 30, 2024, the company supplied 1.3 MMT of towers, 194,534 KM of conductors, and 458,705 poles and the company has 114 employees in the design and engineering team.
Company Financials
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 4,836.17 | 4,620.61 | 3,445.49 | 2,841.87 |
| Revenue | 929.70 | 4,130.00 | 3,172.03 | 2,357.20 |
| Profit After Tax | 51.74 | 233.21 | 107.57 | 64.71 |
| Net Worth | 1,140.65 | 1,075.87 | 709.15 | 599.32 |
| Total Borrowing | 603.43 | 643.19 | 604.92 | 469.12 |
Amount in ₹ Crore | ||||
Objectives of the Issue
The Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Incremental financing-working capital requirements of the company
2. Funding capital expenditure of the company
3. General corporate purposes.
Promoters of the company
1. Ajanma Holdings Private Limited
2. Digambar Chunnilal Bagde
3. Sanjay Kumar Verma
IPO details
| IPO Date | December 19, 2024 to December 23, 2024 |
| Listing Date | Friday, December 27, 2024 |
| Face Value | ₹2 per share |
| Price Band | ₹410 to ₹432 per share |
| Lot Size | 34 Shares |
| Total Issue Size | 1,94,19,259 shares (aggregating up to ₹838.91 Cr) |
| Fresh Issue | 92,59,259 shares (aggregating up to ₹ 400.00 Cr) |
| Offer for Sale | 1,01,60,000 shares of ₹2 (aggregating up to ₹438.91 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Lot allocation details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 34 | ₹14,688 |
| Retail (Max) | 13 | 442 | ₹1,90,944 |
| S-HNI (Min) | 14 | 476 | ₹2,05,632 |
| S-HNI (Max) | 68 | 2,312 | ₹9,98,784 |
| B-HNI (Min) | 69 | 2,346 | ₹10,13,472 |
Allotment Schedule
| Basis of Allotment | Tuesday, December 24, 2024 |
| Initiation of Refunds | Thursday, December 26, 2024 |
| The credit of Shares to Demat | Thursday, December 26, 2024 |
| Listing Date | Friday, December 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 23, 2024 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not Less than 15% of the Net Issue |
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