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Transrail Lighting IPO day 1: Check GMP Today, subscription status and review before applying
Team Finance Saathi
19/Dec/2024
What's covered under the Article:
- Full details about the Transrail Lighting IPO, including its price band and subscription status.
- Trends in the Grey Market Premium (GMP) and expected listing price.
- A step-by-step guide to checking the allotment status and investing in Transrail Lighting IPO.
Transrail Lighting is one of India's leading engineering, procurement, and construction companies. With over four decades of experience, Transrail Lighting has become a trusted partner in the global market, providing comprehensive turnkey solutions in the fields of power transmission, civil construction, lighting poles, and railways. The company has an integrated manufacturing facility for lattice structures, conductors, and monopoles, which are essential for its operations in the power and infrastructure sectors.
The Transrail Lighting IPO is a book-built issue amounting to ₹838.91 Crores, consisting of a fresh issue of 92.59 Lakh shares worth ₹400 Crores and an Offer for Sale of 101.6 Lakh shares totaling ₹438.91 Crores. The IPO subscription opens on December 19, 2024 and closes on December 23, 2024. The allotment of shares is expected to be finalized by December 23, 2024, with the listing scheduled for December 27, 2024 on the BSE and NSE.
The price band for the IPO is set between ₹410 and ₹432 per equity share. At the upper price band of ₹432, the market capitalization of Transrail Lighting 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, while High-Net-Worth Individuals (HNIs) need to invest ₹2,05,632 (for 14 lots or 476 shares).
The IPO is being managed by Inga Ventures Private Limited, HDFC Bank Limited, Axis Capital Limited, and IDBI Capital Markets & Securities Limited, with Link Intime India Private Limited serving as the registrar.
Transrail Lighting IPO Grey Market Premium (GMP)
As of December 17, 2024, the Grey Market Premium (GMP) of Transrail Lighting IPO is ₹176, reflecting a potential listing gain of 40.73%. It's important to note that GMP is speculative, based on demand and supply in the unorganized market, and shouldn't be considered as a definitive indicator of future listing prices. GMP is provided for educational and informational purposes only.
Transrail Lighting IPO Subscription Status
On the first day of the subscription period, as of 12:17 PM on December 19, 2024, the Transrail Lighting IPO was subscribed 0.69 times. This indicates that the demand is still building and could pick up momentum as the subscription period progresses. Investors can check the live subscription status at BSE to stay updated.
Transrail Lighting IPO Anchor Investors
Transrail Lighting has successfully raised ₹245.97 Crores from anchor investors at the price of ₹432 per share. A total of 56,93,832 equity shares have been allocated to these investors, showing confidence in the company’s growth prospects and its upcoming listing. This reflects strong institutional backing and could indicate potential stability in the post-listing phase.
How to Check Transrail Lighting IPO Allotment Status
The allotment date for the Transrail Lighting IPO is December 23, 2024. Here's how you can check your allotment status:
- Visit the registrar’s website.
- Select Transrail Lighting Limited IPO from the available list.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to see if you have been allotted shares.
Financial Performance and Valuation
Transrail Lighting has shown strong financial performance over the years, with revenues from operations for the period ended June 30, 2024, reported at ₹9,297.04 Million. The EBITDA for the same period was ₹1,340.32 Million, and the Profit After Tax (PAT) stood at ₹517.44 Million.
For the Transrail Lighting IPO, the company’s pre-issue EPS is ₹19.59, and the post-issue EPS is expected to be ₹17.37. The P/E ratio at the upper price band stands at 24.87x post-issue, which is relatively attractive compared to the industry’s average of 55.5x. The company’s ROCE for FY24 is 24.33%, and RoE is 24.41%, indicating strong profitability and efficient capital utilization.
Why Invest in Transrail Lighting IPO?
Given the company’s robust financial track record, strong backing from anchor investors, and attractive pricing, the Transrail Lighting IPO presents a potentially lucrative investment opportunity. The listing gains projected through GMP trends and the company’s growth trajectory make this IPO an appealing choice for risk-tolerant investors seeking both short-term listing gains and long-term growth in the power and infrastructure sectors.
The Upcoming IPOs in this week and coming weeks are Ventive Hospitality, Senores Pharmaceuticals, Carraro India, Solar91 Cleantech, Unimech Aerospace, Rosmerta Digital, Indo Farm, and Avanse Financial.
The Current active IPO is Transrail Lighting, Mamata Machinery, DAM Capital Sanathan Textiles, Concord Enviro, Newmalayan Steel, Identical Brain Studios and NACDAC Infrastructure.