Transrail Lighting IPO (Transrail Lighting Limited IPO)
Transrail Lighting IPO open for bidding on 19th December 2024 and ends on 23rd December 2024.
Transrail Lighting Limited is a prominent Engineering, Procurement, and Construction (EPC) company, incorporated in February 2008. It specializes in providing turnkey solutions in power transmission and distribution (T&D), substations, railways, civil construction, and poles & lighting systems. With operations spanning over 50 countries globally, Transrail has established itself as a leading infrastructure partner in diverse sectors, including Asia, Africa, Europe, and the Americas.
The company operates with state-of-the-art manufacturing facilities, including a tower manufacturing capacity of 110,000 TPA, along with plants for conductor production and a testing station. These capabilities support the design, supply, and installation of transmission lines up to 1200kV, as well as monopoles and lighting systems.
Transrail’s strong portfolio includes landmark projects like India’s longest river bridge and the first 500kV transmission line in Central Asia. Their backward integration into manufacturing enhances operational efficiency, ensuring high profit margins.
For more details refer to Transrail Lighting IPO RHP and Transrail Lighting IPO Pulse Score
Transrail Lighting IPO Details
| IPO Date | 19th December 2024 to 23th December 2024 |
| Listing Date | 27th December 2024 |
| Face Value | ₹2 per share |
| Price Band | ₹410 to ₹432 per share |
| Lot Size | 34 Shares |
| Total Issue Size | [•] shares (aggregating up to ₹838.91 Cr) |
| Fresh Issue | [•] 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 |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | <50% |
| NII | >15% |
| bNII | 10% |
| sNII | 5% |
| Retail | >35% |
Transrail Lighting IPO Timeline
| IPO Open | 19th December 2024 |
| IPO Close | 23rd December 2024 |
| Basis Of Allotment | 24th December 2024 |
| Initiation of Refunds | 26th December 2024 |
| Credit of Shares to Demat | 26th December 2024 |
| Listing Date | 27th December 2024 |
Fundamentals
Data as of 30th June 2024
| Market Cap | ₹5,799.86 Cr | P/E Ratio- Pre IPO | 23.15 |
| RoNW* | 4.54% | P/E Ratio- Post IPO | 28.02 |
| RoCE* | 6.02% | P/B Ratio | 4.70 |
| Debt to Equity | 0.50 | PAT Margin | 5.57% |
Note: P/E Ratio -Pre IPO is calculated based on Pre-issue Shareholding and FY Earnings of March 2024. P/E Ratio- Post IPO is calculated based on post-issue shareholding and annualized FY earnings for June 2024. RoCE and RoNW are for three-month period ended June 30, 2024
Transrail Lighting IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of the following objects:
- Funding incremental working capital requirements of the Company;
- Funding capital expenditure of the Company; and
- General corporate purposes.
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