Transrail Lighting IPO Live
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Schedule of Transrail Lighting
| Issue open date | 19 Dec 2024 |
| Issue close date | 23 Dec 2024 |
| UPI mandate deadline | 23 Dec 2024 (5 PM) |
| Allotment finalization | 24 Dec 2024 |
| Refund initiation | 26 Dec 2024 |
| Share credit | 26 Dec 2024 |
| Listing date | 27 Dec 2024 |
| Mandate end date | 07 Jan 2025 |
| Lock-in end date for anchor investors (50%) | 23 Jan 2025 |
| Lock-in end date for anchor investors (remaining) | 24 Mar 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Transrail Lighting
Transrail Lighting Limited is an Indian EPC company specialising in power transmission and distribution, with integrated manufacturing facilities for lattice structures, conductors, and monopoles. With four decades of experience, they have completed over 200 projects across Asia and Africa, establishing a presence in 58 countries. As of June 30, 2024, they have executed 34,654 CKM of transmission lines and 30,000 CKM of distribution lines, including substations up to 765 kV. Known for their expertise in HV and EHV segments, they also operate in civil construction, poles and lighting, and railways, delivering turnkey solutions globally.
Financials of Transrail Lighting
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹838.91 crores |
| Fresh Issue | ₹400 crores |
| Offer for Sale | ₹438.91 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding incremental working capital requirements | 250 (73.37%) |
| Capital expenditure | 90.73 (26.63%) |
Strengths
- Four-decade track record in power transmission and distribution projects.
- In-house manufacturing of key components.
- Global presence, with project execution in 58 countries across Asia and Africa.
- Expertise in high-voltage and extra-high-voltage EPC projects up to 765 kV.
Risks
- Dependence on timely regulatory approvals for large infrastructure projects.
- Exposure to geopolitical and economic risks in international markets.
- Financial risks due to high working capital needs and potential debt levels.
- Market risks arise from volatility in raw material prices, particularly steel and aluminium.
Subscription Figures for Transrail Lighting
Subscription numbers as of 5:00 PM on 20 Dec 2024:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 37.27 | 51.51 | 1.38x |
| HNI (₹2L+) | 29.20 | 210.99 | 7.23x |
| Retail (upto ₹2L) | 68.08 | 469.92 | 6.90x |
| Employees | 4.63 | 6.50 | 1.40x |
| Total | 139.17 | 738.94 | 5.31x |