Transrail Lighting, an engineering and construction company specializing in power transmission and distribution, has announced the finalization of its IPO allotment on Tuesday, December 24, 2024. Investors who participated in the three-day bidding can expect notifications regarding fund debits or IPO mandate revocations by Thursday, December 26, 2024.
Key IPO Details
- Issue Period: December 19-23, 2024
- Price Band: Rs 410-432 per share
- Lot Size: 34 shares
- IPO Size: Rs 838.91 crore
- Fresh Issue: Rs 400 crore
- OFS: 1,01,60,000 equity shares
- Oversubscription:
- QIBs: 201.06x
- NIIs: 76.41x
- Retail Investors: 22.07x
- Employees: 4.07x
- Listing Date: December 27, 2024 (tentative)
- Exchanges: NSE and BSE
Grey Market Premium (GMP)
As of now, the GMP for Transrail Lighting is steady at Rs 190-200, indicating a potential listing gain of 44% based on strong investor demand and subscription numbers.
How to Check Allotment Status
On BSE Website
- Visit the BSE Allotment Page.
- Select “Equity” under the issue type.
- Choose Transrail Lighting Limited from the dropdown menu.
- Enter your application number and PAN.
- Complete the captcha verification and click “Search.”
On Link Intime India Portal
- Visit Link Intime India Portal.
- Select the IPO from the dropdown (visible after allotment finalization).
- Choose your identification mode: Application Number, Demat Account Number, or PAN.
- Enter the details and select ASBA or non-ASBA.
- Fill in the captcha and click “Submit.”
About Transrail Lighting
- Incorporated: February 2008
- Specialization: Power transmission, lattice structures, conductors, and monopoles.
- Projects Completed: Over 200 power transmission and distribution projects.
- IPO Managers:
- Book Running Lead Managers: Inga Ventures, Axis Capital, HDFC Bank, IDBI Capital Market Services
- Registrar: Link Intime India
Key Data
| Parameter | Details |
|---|---|
| Issue Period | December 19-23, 2024 |
| Price Band | Rs 410-432 |
| Lot Size | 34 shares |
| Oversubscription | 80.80x overall |
| GMP | Rs 190-200 |
| Listing Date | December 27, 2024 (tentative) |
| Registrar | Link Intime India |
Conclusion
The Transrail Lighting IPO has garnered strong interest from investors, as evidenced by its impressive oversubscription numbers. With a steady GMP and high subscription from institutional and retail investors, the stock is poised for a strong listing. Investors can now check their allotment status and prepare for the listing day.
Disclaimer
This article is for informational purposes only and does not constitute financial or investment advice. Readers are advised to consult with a financial advisor before making any investment decisions.
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