Transline Technologies IPO
Transline Technologies IPO Details
Transline Technologies IPO is a 100% book-built offer of 1.61 crore equity shares, entirely an offer for sale (OFS), with a face value of ₹2 per share. The company filed its DRHP with SEBI on August 7, 2025.
The price band and official dates of listing and subscription will be announced by the company later, but the shares are supposed to be listed on the BSE and the NSE platforms. The book-running lead manager of this issue is Motilal Oswal Investment Advisors Ltd., while Bigshare Services Private Ltd. will serve as the Registrar to the issue.
Transline Technologies IPO Date & Timeline
Transline Technologies Ltd. officially filed its Draft Red Herring Prospectus (DRHP) on August 7, 2025. However, the specific Transline Technologies IPO date and subscription timeline remain unannounced. Following regulatory approval, the company will finalize the price band and bidding dates. Once cleared, the schedule for anchor allotment, public bidding and the final listing on the exchange will be formally disclosed.
Transline Technologies IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Transline Technologies IPO GMP is currently trading at ₹[.], reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹[.], which is [.]% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
Company Background
Transline Technologies Ltd. began as "Transline India Business Solution Private Limited," incorporated on February 2, 2001, in New Delhi. Over more than two decades, the business evolved into a comprehensive public limited company, officially changing its name to Transline Technologies Limited on January 6, 2023. Headquartered in New Delhi, the company has transformed into a specialised provider of advanced technology and security solutions, reflecting steady adaptation to the increasing demand for integrated security infrastructure across both public and private sectors in India.
Operations & Product Range
Transline Technologies Ltd. functions as a specialised vendor of e-surveillance and security services that provide complete real-time surveillance systems with the use of high-definition IP cameras, access control systems and advanced video analytics via centralised command and control centers. Besides the hardware components, Transline Technologies Ltd. has also designed software products such as StorePulse, CheckCam and CamStore. The CamStore software is a real-time video compression solution that can reduce bandwidth usage by 90% without affecting the video quality.
Facilities & Capacity
Transline Technologies Ltd.'s business model mainly involves providing technology solutions and software development rather than traditional manufacturing operations. The infrastructure of Transline Technologies Ltd. is mainly based on technology and the command and control centre that acts as the nerve centre for all its e-surveillance operations. It is through technical teams that the company implements surveillance technology infrastructure installation, integration and maintenance activities at customer sites in different geographies, depending on the number of orders.
Brands & Market Presence
Transline Technologies Ltd. has established itself as an end-to-end service provider by developing a strong market identity with its own software product range, such as CamStore, CheckCam and StorePulse. It provides its services to a wide spectrum of clients like government organisations, PSUs and private companies in various fields like information technology, railway, petroleum and natural gas, manufacturing, financial institutions and the education sector.
Revenue Streams & Business Model
The major source of income for Transline Technologies Ltd. comes from the selling, implementation and maintenance of e-surveillance hardware and software products via a highly project-based approach involving the acquisition of large-scale deals from governmental bodies and commercial organisations. One of the factors that can be used to gauge the level of visibility of future revenue includes the order backlog figure of ₹198.68 crore as of the close of FY2025, out of which more than 93% comes from governmental clients.
Management & Shareholding
Transline Technologies Ltd.’s strategic direction is guided by its promoter group, which includes Arun Gupta, Amita Gupta, Drishti Gupta and RKG Enterprises Private Limited. Before the IPO, the promoters held a significant portion of the ownership in the company, but after the IPO, the shareholding of the promoters and other selling shareholders will be diluted as they offload a portion of their stakes to public investors, though they will continue to retain a significant presence in the company's ownership structure.
Board & Key Management
The key members of Transline Technologies Ltd. are responsible for overseeing the company's strategic roadmap, ensuring compliance and guiding financial operations. The executive team is supported by Preeti Kataria, who serves as Company Secretary and Compliance Officer. The company has established necessary committees including an Audit Committee, to ensure transparent financial reporting and adherence to the regulatory standards expected of a publicly listed entity.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Transline Technologies IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Transline Technologies IPO Details
| Detail | Description |
|---|---|
| IPO Date | - |
| Listing Date | - |
| Face Value | ₹2 per share |
| Issue Price Band | - |
| Lot Size | - |
| Sale Type | Offer For Sale |
| Total Issue Size | 1,61,91,500 shares (agg. up to ₹[.] Cr) |
| Reserved for Market Maker | - |
| Fresh Issue(Ex Market Maker) | - |
| Offer for Sale | - |
| Net Offered to Public | - |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 8,96,75,000 shares |
| Share Holding Post Issue | 8,96,75,000 shares |
Transline Technologies IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | - |
| IPO Close Date | - |
| Tentative Allotment | - |
| Initiation of Refunds | - |
| Credit of Shares to Demat | - |
| Tentative Listing Date | - |
| Cut-off time for UPI mandate confirmation | 5:00 PM on the Bid/Offer Closing Date |
Transline Technologies IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | - | ~₹14,000 - ₹15,000 |
| Individual investors (Retail) (Max) | 13-14 | - | Up to ₹2,00,000 |
| S-HNI (Min) | 14-15 | - | Over ₹2,00,000 |
| S-HNI (Max) | 66-70 | - | Up to ₹10,00,000 |
| B-HNI (Min) | 71+ | - | Over ₹10,00,000 |
Transline Technologies IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 70.81% |
| Promoter Holding Post Issue | - |
Competitive Strength:
- • A healthy and diverse clientele comprising governmental departments, PSUs and private companies from various industry verticals.
- • Software-based products such as CamStore and StorePulse set themselves apart from simple hardware vendors.
- • The company's order backlog of ₹198.68 crore gives assurance about future income.
- • More than two decades of successful track record in the e-surveillance and technology solutions space.
Transline Technologies IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 397.47 | 371.91 | 48.33 | 178.56 | 160.63 | 86.08 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 219.50 | 226.34 | 35.47 | 83.70 | 67.49 | 41.43 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 86.72 | 115.49 | 9.88 | 30.05 | 22.48 | 6.90 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 36.86% |
| ROCE | 53.37% |
| Debt/Equity | 0.48 |
| RoNW | 36.86% |
| PAT Margin | 13.00% |
| EBITDA Margin | 21.39% |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.39 | 5.39 |
| P/E (x) |
Transline Technologies IPO Objectives
Since the issue is purely an offer for sale (OFS), the company will not receive any funds from the IPO. The objectives mentioned in the DRHP are:
- • To achieve the benefits of listing on the stock exchanges
- • To enhance corporate visibility and brand image
- • To provide a smooth exit to the existing shareholders
Transline Technologies IPO Review
Transline Technologies Ltd. occupies a critical position in the fast-growing e-surveillance and security solutions sector. By offering a blend of hardware integration and proprietary software, the company has created a comprehensive service model appealing strongly to large-scale institutional clients. Its order book of approximately ₹198.68 crore provides a solid foundation for near-term revenue generation.
However, over 93.92% of the current order book is concentrated in the projects of government customers. While government clients provide large and stable contracts, they can introduce risks related to prolonged payment cycles, bureaucratic delays and dependence on public spending budgets. The technology and software space is also highly competitive, requiring continuous innovation to prevent products like CamStore and CheckCam from becoming obsolete.
However, the offering is primarily an avenue for existing promoters to unlock value. Prospective investors should weigh the company's strong institutional relationships and proprietary technology against the concentration risk of its government-heavy client base and the lack of fresh capital infusion.
Conclusion
Transline Technologies IPO is an opportunity for investors to invest in a growing company that has successfully navigated the e-surveillance market for over 2 decades. With a strong focus on proprietary software and integrated security solutions, the company has secured a significant footprint among government and public sector clients. This issue mainly aims to take advantage of stock exchange platforms in order to increase their scalability and credibility.
IPO DRHP Status
| # | Description | Date | File |
|---|---|---|---|
| 1 | Filed with SEBI/Exchange | 14-08-2025 | View DRHP |
| 2 | SEBI/Exchange approval received | 22-01-2026 | - |
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Read More IPO ReviewsFrequently Asked Questions (FAQs)
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What does Transline Technologies Ltd. do?
The company provides comprehensive e-surveillance and security solutions, combining high-resolution IP cameras and access control systems with proprietary software products like CamStore and StorePulse.
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What are the Transline Technologies IPO details?
A 100% book-built issue consisting entirely of an OFS of up to 1.61 crore equity shares, proposed to be listed on both the BSE and NSE.
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What is the Transline Technologies IPO size?
This issue is entirely an offer for sale (OFS) of 1.61 crore equity shares, with the face value of ₹2 per share.
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What is the Transline Technologies IPO date?
The official dates of subscription and listing will be announced by the company later.
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Who are the promoters of Transline Technologies Limited?
The promoters of the company are The promoters are Arun Gupta, Amita Gupta, Drishti Gupta and RKG Enterprises Pvt. Ltd.
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What are the objectives of the Transline Technologies IPO?
The company won’t receive any proceeds from this issue, as it's entirely an offer for sale (OFS). The company aims to gain listing benefits and provide liquidity to existing shareholders.
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What is the Transline Technologies IPO GMP today?
Not available yet, as the IPO is currently at the DRHP stage.
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Who is the Book Running Lead Manager (BRLM)?
The BRLM of this issue is Motilal Oswal Investment Advisors Limited.