Transteel Seating Technologies Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹13(18.57%)
Premium (ELP)
Having completed its public offering, Transteel Seating Technologies Limited's is now listed and trading on the NSE exchange as of Nov 06, 2023. The IPO raised cumulative capital of 71,40,000 Shares, including 67,84,000 Shares in primary capital infusion and ₹2.49 Cr in secondary market transactions.
The IPO was conducted with a price range of ₹67 to ₹70 and minimum investment requirement of 2000 shares. subscription activity between Oct 30, 2023 and Nov 01, 2023 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on Nov 03, 2023 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
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.
Incorporated in February 1995, Transteel is a furniture company with over 20 years of experience serving corporate and B2B clients. Its manufacturing unit is located in Yeshwanthpur, Bangalore, Karnataka. The company focuses strongly on customer satisfaction and believes that the customer journey starts from the moment they visit the website until the furniture is delivered. Transteel aims to provide a smooth experience with easy website navigation, clear product information, a simple buying process, and timely delivery to ensure customers receive exceptional service at every step.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Experienced management team with deep industry expertise
- Pan-India sales & distribution presence across all states
- Value-for-money strategy offering affordable furniture
NA
- Mr. Shiraz Ibrahim
- Ms. Nasreen Shiraz
Transteel Seating Technologies Limited
Bigshare Services Pvt Ltd