TRANSRAIL LIGHTING LIMITED
IPO Details
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Lot Distribution
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Company Fin.
₹165(38.19%)
Premium (ELP)
TRANSRAIL LIGHTING LIMITED's successfully completed its Initial Public Offering and commenced trading on Dec 27, 2024 at the NSE, BSE exchange. The company raised TBD through this public offering, comprising TBD in fresh capital.
The IPO was priced within the band of ₹410 to ₹432, with minimum application lots of 34 shares. The offering attracted significant investor interest during its subscription period from Dec 19, 2024 to Dec 23, 2024.
Share allotment was finalized on Dec 24, 2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Transrail Lighting Limited, founded in February 2008, is a top engineering and construction company focused on power transmission and distribution. It manufactures lattice structures, conductors, and monopoles. The company offers EPC services for transmission and distribution lines, civil projects like bridges, tunnels, elevated roads, and cooling towers, as well as manufacturing and providing poles and lighting services, including supply, installation, and testing. Transrail also provides railway services such as overhead electrification, signaling, telecommunication, earthworks, and track linking. Operating in 58 countries, including Bangladesh, Kenya, Tanzania, Niger, Nigeria, Mali, Cameroon, Finland, Poland, and Nicaragua, the company has successfully completed over 200 power transmission and distribution projects. By June 30, 2024, it will have built 34,654 CKM of transmission lines and 30,000 CKM of distribution lines, and supplied 1.3 MMT of towers, 194,534 KM of conductors, and 458,705 poles. With 114 employees in its design and engineering team, Transrail operates four manufacturing units in Vadodara (Gujarat), Deoli (Maharashtra), and two in Silvassa (Dadra and Nagar Haveli).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Proven Expertise: Strong presence in the power transmission and distribution sector with solid execution capabilities.
- Advanced Facilities: Modern manufacturing units ensuring high-quality, reliable output.
- Diversified Order Book: Robust and well-diversified order pipeline indicating stability and market confidence.
- Order Book Vulnerability: Cancellations, delays, or changes in orders can affect operations, finances, and reputation.
- Execution Challenges: Long EPC project timelines may cause time and cost overruns, impacting profitability.
- Government Tender Dependence: With 70–82% revenue from government tenders, delays or fewer tenders pose major business risks.
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