The Initial Public Offering of Transrail Lighting Limited, a well-known Indian EPC Company, successfully closed, with the company receiving good response from investors suggesting overall good health. The allotment status of this IPO shall be declared today, December 25, 2024.
IPO Details and Subscription Rates
The IPO raised ₹839 crore, with a price band of ₹410-₹432 per share. Furthermore, gross issue size included a fresh issue of ₹400 crores and an offer-for-sale of 1.01 crore equity shares by promoting Ajanma Holdings Pvt Ltd. It was quite the reaction: 80.80 times the full subscription ratio. Institutional part came at 76.41 times, retail had it covered at 22.07 times, and QIB stood at an astonishing 201.06 times.
Monitor Transrail IPO details via portal
The status of allotment may be obtained online by entering the application number on the website of the registrar of issues, Link Intime India Pvt Ltd. Permanent account number and the applicant’s name shall be required to use the website to check allotment status.
Procedure to check allotment status in BSE
Alternatively, investors can obtain the allotment status on the BSE website. The interested investor needs to go through the link provided at https://www.bseindia.com/investors/appli_check.aspx and provide relevant information to find out how much has been allotted or not allotted.
Grey Market Premium Insight
In grey market parlance, Transrail Lighting’s GMP has shown a remarkable performance. It was trading around ₹192 as last reported, approximately 44 percent higher than the upper price band. This would bode well for the markets as well as listing benefits for the investors.
Transrail Listing Date and Trading Information
BSE and NSE will list Transrail Lighting shares on 27th December 2024. The trading is going to start at 10 AM as per the Indian Standard Time. Investors as well as market players eagerly await an outstanding listing with good GMP and subscription figures.
Utilisation of Transrail Issue Proceeds
The plans are in place regarding the expenditure of the amount collected during the IPO. The company will use the fresh funds to increase working capital, fund capital expenditures, and meet general corporate purposes. This strategic approach will further boost the operation and expansion activities of Transrail Lighting.
Transrail Company Profile and Market Presence
Transrail Lighting Limited ranks among the top Indian EPC companies. It focuses primarily on the power transmission and distribution business. Besides, the company operates a fully integrated production line that manufactures lattice structures, conductors, and monopoles. The company has put up a strong presence in over 58 countries-a characteristic that underlines its leadership in the industry.
Investors expect huge listing gains due to the high subscription rates and strong GMP. However, the market conditions can be quite volatile. It is always advisable that investors consult financial advisors and do thorough research before investing. Keeping abreast of market trends and company developments is very important for making wise investment decisions.
Conclusion
Transrail Lighting Limited’s IPO has garnered great interest from investors, as evident from its high subscription rates and good GMP. It is at this juncture, with the allotment status confirmed and listing date closing in, that investors would be keeping an eye out for how the company will do in the market. The strategic usage of the IPO proceeds by the company coupled with its established market presence bodes well for a bright future for Transrail Lighting in the power transmission and distribution segment.
