TRANSRAIL LIGHTING LIMITED IPO
TRANSRAIL LIGHTING LIMITED IPO
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TRANSRAIL LIGHTING LIMITED's successfully completed its Initial Public Offering and commenced trading on 27-12-2024 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 19-12-2024 to 23-12-2024.
Share allotment was finalized on 24-12-2024, 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 IPO About Company
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."
TRANSRAIL LIGHTING IPO Strength Factors
- 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.
TRANSRAIL LIGHTING IPO Risk Factors
- 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.
TRANSRAIL LIGHTING IPO Lead Manager(s)
- Axis Capital Limited
- IDBI Capital Market Services Limited
- Inga Ventures Private Limited
TRANSRAIL LIGHTING IPO Promoter(s)
- Ajanma Holdings Private Limited
- Digambar Chunnilal Bagde
- Sanjay Kumar Verma
TRANSRAIL LIGHTING IPO FAQs
TRANSRAIL LIGHTING LIMITED IPO subscribed 80.86 times. The public issue subscribed 22.07 times in the retail category,201.06times in QIB, and 77.86 times in the HNI (10+) category byNovember 14, 2025 8:13:59 AM (Day 14).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
TRANSRAIL LIGHTING IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
TRANSRAIL LIGHTING IPO FAQs
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