Transrail Lighting Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | December 19, 2024 to December 23, 2024 |
| Listing Date | [.] |
| Face Value | ₹ 2 per share |
| Price Band | ₹ 410 to ₹ 432 per share |
| Lot Size | 34 Shares |
| Total Issue Size | 1,94,19,259 shares (aggregating up to ₹ 838.91 Cr) |
| Fresh Issue | 92,59,259 shares (aggregating up to ₹ 400.00 Cr) |
| Offer for Sale | 1,01,60,000 shares of ₹2 (aggregating up to ₹ 438.91 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 12,49,96,767 shares |
| Shareholding post issue | 13,42,56,026 shares |
About Transrail Lighting Limited IPO
Incorporated in February 2008, Transrail Lighting Limited is a prominent engineering and construction company specializing in power transmission and distribution. The company excels in manufacturing lattice structures, conductors, and monopoles.
Services Offered:
Transrail Lighting Limited provides a comprehensive range of services, including:
- Supply, Engineering, Procurement, and Construction (EPC): Specializing in transmission and distribution lines.
- Civil Construction EPC Services: Expertise in designing bridges, tunnels, elevated roads, and cooling towers.
- Poles and Lighting Segment: Supplying, installing, and testing lighting solutions.
- Railway Services: Overhead electrification, signaling, telecommunication, earthworks, and track linking.
Global Reach and Achievements
Since its inception, Transrail Lighting Limited has completed over 200 power transmission and distribution projects, establishing a presence in 58 countries. These include Bangladesh, Kenya, Tanzania, Niger, Nigeria, Mali, Cameroon, Finland, Poland, and Nicaragua. The company handles turnkey EPCs and supply projects across these regions.
As of June 30, 2024, Transrail has completed the EPC of 34,654 Circuit Kilometers (CKM) of transmission lines and 30,000 CKM of distribution lines worldwide.
Manufacturing Capabilities
By December 2024, Transrail Lighting Limited operates four manufacturing units:
- 1. Vadodara, Gujarat
- 2. Deoli, Maharashtra
- 3. Silvassa, Dadra and Nagar Haveli (two units)
These facilities enable the company to efficiently supply 1.3 million metric tons (MMT) of towers, 194,534 kilometers of conductors, and 458,705 poles as of mid-2024. Transrail Lighting Limited remains committed to delivering innovative and reliable solutions in the power and construction sectors, continually expanding its global footprint and enhancing its expertise.
Transrail Lighting IPO Overview:
- Total Issue Size: ₹838.91 crores
- Fresh Issue: ₹400.00 crores (0.93 crore shares)
- Offer for Sale: ₹438.91 crores (1.02 crore shares)
- Price Per Share: ₹410 to ₹432 per share
- Subscription Period: December 19, 2024 to December 23, 2024
- Minimum Lot Size: 34 shares
- Lead Managers: Inga Ventures Pvt Ltd, Axis Capital Limited, HDFC Bank Limited and IDBI Capital Market Services Limited
- Registrar: Link Intime India Private Ltd
Transrail Lighting IPO Objectives:
The Company proposes to utilise the Net Proceeds towards funding the following objectives:
- Incremental financing working capital requirements of the company.
- Funding capital expenditure of the company.
- General corporate purposes.
Transrail Lighting Limited IPO Financial Information
Latest Revenue
929.70
₹ Crore
Profit After Tax
51.74
₹ Crore
Net Worth
1,140.65
₹ Crore
Total Borrowing
603.43
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 June 2024 | 4,836.17 | 929.70 | 51.74 | 1,140.65 | 603.43 | ||||
| 31 Mar 2024 | 4,620.61 | 4,130.00 | 233.21 | 1,075.87 | 643.19 | ||||
| 31 Mar 2023 | 3,445.49 | 3,172.03 | 107.57 | 709.15 | 604.92 | ||||
| 31 Mar 2022 | 2,841.87 | 2,357.20 | 64.71 | 599.32 | 469.12 | ||||
| Amount in ₹ Crore | |||||||||
Transrail Lighting Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 24.41% |
| ROCE | 24.33% |
| RoNW | 21.68% |
| Debt/Equity | 0.56 |
| P/BV | 4.70 |
| PAT Margin (%) | 5.65 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 18.66 | 15.42 |
| P/E (x) | 23.15 | 28.02 |
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Competitive Strengths
Strong and diversified Order Book
Established manufacturing facilities in four locations
Proven track record of growth and established presence in the power transmission and distribution sector through effective implementation and execution skills.
Download regulatory filings
Transrail Lighting Limited IPO Timeline
| IPO Open Date | Thursday, December 19, 2024 |
| IPO Close Date | Monday, December 23, 2024 |
| Basis of Allotment | Tuesday, December 24, 2024 |
| Initiation of Refunds | Thursday, December 26, 2024 |
| Credit of Shares to Demat | Thursday, December 26, 2024 |
| Listing Date | Friday, December 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 23, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 34 | ₹14,688 |
| Retail (Max) | 13 | 442 | ₹1,90,944 |
| S-HNI (Min) | 14 | 476 | ₹2,05,632 |
| S-HNI (Max) | 68 | 2,312 | ₹9,98,784 |
| B-HNI (Min) | 69 | 2,346 | ₹10,13,472 |