Transrail Lighting Limited IPO GMP

Transrail Lighting is one of the leading Indian engineering, procurement and construction companies with integrated manufacturing facilities for lattice structures, conductors, and monopoles and with over four decades of experience in providing comprehensive solutions on a turnkey basis globally. They have a track record of more than four decades and have been a trusted and longstanding partner in the sector. Their business is divided into four verticals, namely (i) power transmission and distribution (including substations), (ii) civil construction, (iii) poles and lighting, and (iv) railways.

Transrail Lighting, an Book Built Issue amounting to ₹838.91 Crores, consisting an Fresh Issue of 92.59 Lakh Shares worth ₹400.00 Crores and an Offer for Sale of 101.6 Lakh Shares totalling to ₹438.91 Crores. The subscription period for the Transrail Lighting IPO opens on December 19, 2024, and closes on December 23, 2024. The allotment is expected to be finalized on or about Monday, December 23, 2024, and the shares will be listed on the BSE & NSE with a tentative listing date set on or about Friday, December 27, 2024.

The Share price band of Transrail Lighting IPO is set at ₹410 to ₹432 per equity share. The Market Capitalisation of the Transrail Lighting Limited at IPO price of ₹432 per equity share will be ₹5,799.86 Crores. The lot size of the IPO is 34 shares. Retail investors are required to invest a minimum of ₹14,688, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (476 shares), amounting to ₹2,05,632.

Inga Ventures Private Limited, HDFC Bank Limited, Axis Capital Limited and IDBI Capital Markets & Securities Limited are the book-running lead manager while Link Intime India Private Limited is the registrar for the Issue. 

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