An initial public offering (IPO) of Rs 838.91 crore was book-built for Transrail Lighting. It coupled an offer by promoter Ajanma Holdings Pvt Ltd to sell 10.2 million shares for a total of Rs 438.91 crore with a new issue of 9.3 crore shares for Rs 400 crore. With a lot size of 34 shares and a price range of Rs 410–432, the IPO attracted a resounding amount of investor interest.
Bidding for Transrail Lighting’s initial public offering (IPO) began on December 19, 2024, and finished on December 23, 2024. On Tuesday, December 24, 2024, the allocation for the Transrail Lighting IPO was finalized. On December 27, 2024, the shares were listed on the BSE and NSE.
| IPO Date | December 19, 2024 to December 23, 2024 |
| Listing Date | December 27, 2024 |
| 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 |
| Share Holding Pre Issue | 12,49,96,767 shares |
| Share Holding Post Issue | 13,42,56,026 shares |
Transrail Lighting IPO Dates
Transrail Lighting IPO IPO opens on December 19, 2024, and closes on December 23, 2024.
| 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 |
Details of Transrail Lighting Limited
Transrail Lighting Limited, an engineering and construction firm specializing in power transmission and distribution, was founded in February 2008 and produces monopoles, conductors, and lattice structures.
The following services are offered by the business:
1. Transmission and distribution line supply, engineering, procurement, and construction.
2. Bridge, tunnel, elevated road, and cooling tower design are among the civil construction EPC services.
serve as producers and suppliers of lighting and poles, handling testing, installation, and delivery.
3. The company offers railway services, such as track connection, earthworks, telecommunication, overhead electricity, and signalling.
4. The company has finished more than 200 power transmission and distribution projects since its founding. 58 nations, including Bangladesh, Kenya, Tanzania, Niger, Nigeria, Mali, and Cameroon, are home to the company.