Transrail Lighting is into Engineering EPC Contractor sector and is looking raise funds through Fresh Issue and Offer For Sale
IPO Summary
Transrail Lighting IPO is a public offering of shares by Ajanma Holdings Private Limited, Digambar Chunnilal Bagde and Sanjay Kumar Verma. The IPO will open on December 19 and will close on December 23. The price band is ₹410 to ₹432 per share and the lot size is 34 shares. The issue size is ₹838.91 crore. The shares are expected to be listed on NSE, BSE on December 27 (^). Some additional information that you may find useful are: Share of segment revenue for Power T&D/Civil Construction/Railways/Poles and Lighting in 6MFY24 at 85.2%/8.4%/3.0%/6.3% (v/s 78.0%/10.8%/5.7%/5.6% in FY23).: (**) - based on higher price band (^) indicative datePromoters of the company are Ajanma Holdings Private Limited, Digambar Chunnilal Bagde and Sanjay Kumar Verma Currently promoters hold 86.31% stake in the company. While post-equity promoters stake will be 72.68%
- Company aims to raise between Rs 817 to 839 crs through this IPO.
- The net proceeds of the issue will be utilized to 1) Rs250 cr for working capital 2) Rs90.9 cr for capital expenditure and 3) General corporate Purpose
- Anchor bidding is expected to commence one day prior to the IPO dates. Tentative anchor bidding date would be 18-Dec-24.
- Price band for the IPO has been fixed at Rs 410 to 432 per share and bid lot are in multiple of 34 shares. The implied market cap post-issue at Rs 5,483 to 5,755 crs.
- As per the tentative schedule, allotment date of this IPO is most likely on December 24 and share are expected to be listed on NSE, BSE on December 27.
- Company has direct peer competition in India'a EPC Industry. In Listed space peers include KEC International, Kalpataru Projects International, Skipper, Bajaj Electricals and Patel Engineering among others.
- Inga Ventures, Axis Capital, HDFC Bank, IDBI Capital has been appointed as Merchant Banker to the issue. Link Intime India Pvt. Ltd. has been appointed as official registrar of the issue.
Company has undertaken pre-IPO placement by the way of Pre-IPO Placement and alloted 1,033,057 shares at a price of Rs 484per share. Total value of Pre-IPO placement is Rs. 50. crores issued to The Pre- IPO Placement was made to Volrado Venture Partners Fund IV Gamma, Shyamsundar B. Asawa, Saurabh Sanjay Agrawal, and Divyam Sanjay Agrawal, at a price of ₹484.00 per Equity Share..
Key Pointers of Transrail Lighting IPO:
| Transrail Lighting Limited IPO Snapshot | UdhyamPitch on X | |||
|---|---|---|---|
| Established | City | Sector | Sub-Sector |
| 2008 | Mumbai | Engineering | EPC Contractor |
| Issue | Issue Type | Tentative Listing Date | Listing at |
| IPO (Fresh+OFS) | Book Building | 27-Dec-24 | NSE, BSE |
| IPO Dates | Price Band (Rs/sh) | Face Value (Rs/sh) | Min Lot Qty |
| 19-Dec-24 to 23-Dec-24 | ₹ 410 to 432 per sh | ₹ 2 per sh | 34 sh and in multiples |
| Retail App (min) | Retail App (max) | Non-Retail (Rs2-10L App) | Non-Retail (>Rs10L min App) |
| 34 shares ₹ 14,688 | 442 shares up to ₹ 190,944 | 476 to 2,312 shares ₹ 205,632 to 998,784 | 2,346 shares and above ₹ 1,013,472 and above |
There are highly chances of variation in data. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
About Transrail Lighting Limited
Established in 2008, Transrail Lighting is into engineering, procurement and construction sector with primary focus on power transmission and distribution business and integrated manufacturing facilities for lattice structures, conductors, and monopoles. Company has a track record of four decades in providing comprehensive solutions on a turnkey basis globally. Company's business is divided into four verticals, namely (i) power transmission and distribution, (ii) civil construction, (iii) poles and lighting, and (iv) railways
Share of segment revenue for Power T&D/Civil Construction/Railways/Poles and Lighting in 6MFY24 at 85.2%/8.4%/3.0%/6.3% (v/s 78.0%/10.8%/5.7%/5.6% in FY23).
About Industry
The power transmission and distribution system across India has expanded extensively. The total length of domestic transmission lines rose from 413,407 circuit kilometres (“CKM”) in Financial Year ended March 31, 2019 to 471,341 CKM in Financial Year ended March 31, 2023. Further, India has the second-largest road network in the world, spanning 6.30 million KM. Large highways/expressways are the key demand drivers for the high mast lighting in India. With more than 20 expressways planned across the country and with award of approximately 5,000 KM of highways every year in the next five Financial Years, the demand for high masts is expected to be supported by road segment.
| Transrail Lighting Limited IPO Dates | UdhyamPitch on X | |
|---|---|
| Anchor Open | 18-Dec-24 |
| IPO Open | 19-Dec-24 |
| IPO Close | 23-Dec-24 |
| Allotment | 24-Dec-24 |
| Credit of Shares | 26-Dec-24 |
| Refund | 26-Dec-24 |
| Listing | 27-Dec-24 |
| Anchor Investor Lockin (50% of Anchor book investment) | |
| Anchor Investor Lockin (Balance 50% of Anchor book investment) | |
Kindly note UPI Mandate deadline is 5:00 pm IST on closing date. To avoid last minute issue, request you to approve UPI mandate before 4:00 pm IST on last day. In case, UPI mandate has not been approved during the prescribed time period, applications are liable to get rejected.
There are highly chances of variation in dates. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
| Transrail Lighting Limited IPO - Management Details: | |
|---|---|
| Digambar Chunnilal Bagde , Executie Chairman He holds a bachelor of engineering degree in civil engineering from the Maharaja Sayajirao, University of Baroda. He has over 40 years of experience in EPC industry. Previously, he was associated with Transrail Engineering Company Limited, as its promoter, Associated Transrail Structures Limited as its promoter and Gammon India Limited as the deputy managing director - transmission and distribution. | |
| Randeep Narang, Managing Director and Chief Executive Officer He holds a bachelor degree in commerce from University of Delhi and a post-graduation diploma in marketing from the Institute of Marketing Management, New Delhi. He has also been awarded a certificate of completion on goodyear advanced management skills program – Asia facilitated by the Mahler Company, Inc. He has over 35 years of experience in marketing and T&D. Previously, he was associated with Bharti Airtel Limited in his capacity as the chief operating officer(west), CEAT Kilani Holdings, Sri Lanka as the managing director for CEAT Sri Lanka and with KEC International Limited as President, T&D (International). | |
| Ajit Pratap Singh, Chief Financial Officer He joined the company on January 19, 2024. He holds a bachelor of science degree from Shri Shanu Ji Maharaj University, Kanpur, bachelor of law degree from Chatrapati Shahu Ji Maharaj University, Kanpur, master of science in finance from the Institute of Chartered Financial Analysts of India University, Tripura, post-graduation diploma in business administration from Symbiosis Center of Distance Learning, Pune and has completed the virtual learning programme in strategic management from Indian Institute of Management, Kashipur. He is also a member of the Institute of Company Secretaries of India, Institute of Cost and Works Accountants of India and the Chartered Institute of Public Finance and Accountancy, and a certified management accountant as certified from the Institute of Certified Management Accountants, USA. Previously, he has worked with OPG Power Generation Private Limited, Threads India Limited, Ghazanpar Group, Madhya Pradesh Jaypee Minerals Limited, Vedanta Aluminium Limited, JSW Bengal Steel Limited and South African Coal Mine Holdings. | |
| Rajesh Tekadiwala, Company Secretary and Compliance Officer He has been associated with the Company since September 5, 2019. He holds a bachelor’s degree in commerce from University of Bombay. He is a company secretary and a member of the Institute of Company Secretaries of India. Additionally, He is a qualified chartered accountant certified by the Institute of Chartered Accountants of India. He was previously associated with Standard Chartered Securities India Limited. | |
Visit DRHP / RHP for more details on Board of Directors and Management details.
| Transrail Lighting Limited IPO - Details of Offer/Issue Breakup | UdhyamPitch on X | |||||
|---|---|---|---|---|---|
| Category | Quota (%) | No of Shares-Lower | No of Shares-Upper | Value (Rs Cr)-Lower | Value (Rs Cr)-Upper |
| QIB (Incl Anchor) | 50 | NA | 9,489,722 | NA | 409.96 |
| Non-Retail (NII) | 15 | NA | 2,846,917 | NA | 122.99 |
| Non-Retail (NII): >Rs10L | NA | 1,897,945 | NA | 81.99 | |
| Non-Retail (NII): Rs2L-Rs10L | NA | 948,972 | NA | 41. | |
| Retail | 35 | NA | 6,642,805 | NA | 286.97 |
| Employee | NA | 439,815 | 19. | 19. | |
| Shareholder | NA | . | . | ||
| NA=Not Available or Not Calculated | Upper= Upper Price Band | Lower=Lower Price Band | |||||
There are highly chances of variation in data. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
Check IPO Allotment status of Transrail LightingIPO:
| Transrail Lighting Limited - Anchor Lockin Dates and Details | |
|---|---|
| Anchor Investor Lockin (50% of Investment for 30 days) release of | |
| Anchor Investor Lockin (Balance Investment for 90 days) release of | |
Above information is automatically calculated based on estimations. Chances of errors/changes could be possible due to holidays and/or other conditions. Users are requested to Visit BSE, NSE, SEBI for more information or contact the Company/Merchant Banker/RTA for more information.
| Transrail Lighting Limited - Documents | |
|---|---|
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| Source: SEBI, BSE, NSE |
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