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Transrail Lighting IPO allotment date likely today. GMP, how to check allotment status
Team Finance Saathi
24/Dec/2024
What's covered under the Article:
- Transrail Lighting IPO details including price band, subscription status, and expected listing gains.
- Insights into Transrail Lighting's financial performance and IPO valuation.
- Grey Market Premium (GMP) trend and expected listing price.
Transrail Lighting Limited is one of the leading Indian engineering, procurement, and construction companies with a vast experience of over four decades in delivering turnkey solutions globally. The company specializes in integrated manufacturing of lattice structures, conductors, and monopoles. The business is divided into four key verticals:
- Power transmission and distribution, including substations
- Civil construction
- Poles and lighting
- Railways
The Transrail Lighting IPO is a Book Built Issue amounting to ₹838.91 Crores, comprising:
- A Fresh Issue of 92.59 Lakh shares, amounting to ₹400.00 Crores
- An Offer for Sale of 101.6 Lakh shares, totaling ₹438.91 Crores
The subscription period for the IPO opened on December 19, 2024, and closed on December 23, 2024. The allotment date is expected to be finalized on December 23, 2024, and shares are set to be listed on BSE & NSE on December 27, 2024.
The price band for the IPO is set at ₹410 to ₹432 per equity share, and the market capitalization of Transrail Lighting at the upper price of ₹432 per share will be ₹5,799.86 Crores. The lot size for the IPO is 34 shares, and retail investors are required to invest a minimum of ₹14,688. The minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (476 shares), amounting to ₹2,05,632.
Transrail Lighting IPO GMP Today:
The Grey Market Premium (GMP) of Transrail Lighting IPO has shown strong potential with a ₹176 premium, indicating an expected listing gain of 40.73%. The GMP reflects strong demand for the shares in the grey market, though investors should note that it is unofficial and can fluctuate based on market sentiment. The GMP trend has shown an increase over the past few days, with the price expected to list around ₹608 based on current trends.
Transrail Lighting IPO Subscription Status:
The subscription status of the Transrail Lighting IPO has been impressive. As of December 23, 2024, the IPO was subscribed 80.80 times on the final day of the subscription period, showing strong interest from investors, especially institutional investors.
Transrail Lighting IPO Anchor Investors Report:
Transrail Lighting has raised ₹245.97 Crores from Anchor Investors at a price of ₹432 per share. The company allocated 56,93,832 equity shares to the anchor investors, reflecting strong institutional confidence in the company’s business model and growth prospects.
Transrail Lighting IPO Review:
Transrail Lighting has reported impressive revenues over the years, with ₹9,297.04 Million in revenues for the period ending on June 30, 2024, and ₹41,299.99 Million for FY2024. The company’s EBITDA for FY2024 is ₹5,310.33 Million, and its Profit After Tax (PAT) is ₹2,332.09 Million, showing steady growth in its profitability.
For the Transrail Lighting IPO, the company is issuing shares at a pre-issue EPS of ₹19.59 and a post-issue EPS of ₹17.37. The P/E ratio at the upper price band of ₹432 is 22.05x (pre-issue) and 24.87x (post-issue), compared to the industry P/E ratio of 55.5x, indicating that the IPO is undervalued compared to its peers. The company’s Return on Capital Employed (ROCE) for FY24 is 24.33%, and its Return on Equity (RoE) is 24.41%, both of which are strong metrics for long-term growth potential.
Given the financial performance, the strong GMP, and the solid subscription demand, Transrail Lighting IPO appears to be a promising investment for both listing gains and long-term growth. Risky investors may consider applying for the IPO, keeping in mind its growth trajectory and the potential for a strong listing price.
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