Transrail Lighting Limited is an engineering and construction company focused on power transmission and distribution and manufacturing lattice structures, conductors, and monopoles.
The company provides the following services:
- Supply, engineering, procurement and construction of transmission lines and distribution lines.
- EPC services in civil construction including design in relation to bridges, tunnels, elevated roads and cooling towers.
- Act as manufacturers and service providers in the poles and lighting segment, including supply, installation, and testing.
- The company provides railway services, including overhead electrification, signalling, telecommunication, earthworks, and track linking.
Since its inception, the company has completed over 200 power transmission and distribution projects. The company has a presence in 58 countries, including Bangladesh, Kenya, Tanzania, Niger, Nigeria, Mali, Cameroon, Finland, Poland, and Nicaragua, with turnkey EPCs and supply projects.
As of June 30, 2024, the company has completed the EPC of 34,654 CKM of transmission lines and 30,000 CKM of distribution lines, both domestically and internationally.
As of December 2024, the company has four manufacturing units. The first one is situated in Vadodara Gujrat, second one in Deoli, Maharashtra,and third and fourth one in Silvassa, Dadra and Nagar Haveli respectively.
As of June 30, 2024, the company supplied 1.3 MMT of towers, 194,534 KM of conductors, and 458,705 poles.
As of June 30, 2024, the company has 114 employees in the design and engineering team.
Transrail Lighting IPO – Details
| IPO Opening Date | 19 December 2024 |
| IPO Closing Date | 23 December 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 1,94,19,259 Shares Worth ₹838.91 Crore Fresh Issue: 92,59,259 Shares Worth ₹400.00 Crore Offer For Sale: 1,01,60,000 Shares Worth ₹438.91 Crore |
| Face Value | ₹2 per equity share |
| IPO Price | ₹410 – ₹432 per share |
| Market Lot | 34 Shares |
| Min Order | 34 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Transrail Lighting IPO – Date Schedule
| IPO Open Date | 19 November 2024 |
| IPO Close Date | 23 December 2024 |
| Basis of Allotment | 24 December 2024 |
| Initiation of Refund | 26 December 2024 |
| Credit of Shares to Demat Account | 26 December 2024 |
| IPO Listing Date | 27 December 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 23, 2024 |
Transrail Lighting IPO – Lots Size & Price
| Application | Lots | Shares | 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 |
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.
Company Promoters
- Ajanma Holdings Private Limited
- Digambar Chunnilal Bagde
- Sanjay Kumar Verma
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 2,357.19 | 2,266.53 | 64.70 | 469.12 |
| 31 March 2022 | 3,172.03 | 3,024.71 | 107.56 | 604.92 |
| 31 March 2023 | 4,129.99 | 3,814.18 | 233.20 | 643.19 |
| 30 June 2024 | 929.70 | 852.64 | 51.74 | 603.43 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 24.41% |
| ROCE | 24.33% |
| Debt/Equity | 0.56 |
| RoNW | 21.68% |
| PAT Margin (%) | 5.65 |
| Pre IPO | Post IPO | |
| EPS (Rs) | – | – |
| P/E (x) | – | – |
Object Of The Issue
- Incremental financingworking capital requirements of the company;
- Funding capital expenditure of the company; and
- General corporate purposes.
Transrail Lighting IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | KEC International Limited | 91.95 |
| 2 | 2 | Kalpataru Projects International Limited | 36.72 |
| 3 | 1 | Skipper Limited | 75.97 |
| 4 | 1 | Patel Engineering Limited | 15.57 |
| 5 | 2 | Bajel Projects Limited | 702.97 |
Transrail Lighting IPO Promoter Holding
| Pre Issue Share Holding | 84.51% |
| Post Issue Share Holding | 71.12% |
Transrail Lighting IPO Prospectus
Company Contact Information
| Transrail Lighting Limited 501, A,B,C,E Fortune 2000, Block G Bandra Kurla Complex, Bandra East Mumbai,-400051 Phone: +91 22 6197 9600 Email: cs@transraillighting.com Website: https://transrail.in/ |
Transrail Lighting IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: transraillighting.ipo@linkintime.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
Transrail Lighting IPO Lead Manager(s)
| 1. Axis Capital Limited 2. HDFC Bank Limited 3. Inga Ventures Private Limited 4. IDBI Capital Markets & Securities Limited |
Transrail Lighting IPO FAQs
| What is Transrail Lighting IPO? Transrail Lighting IPO is a main-board IPO. The issue is priced at ₹410 to ₹432 per equity share. The IPO is to be listed on BSE & NSE. |
| When Transrail Lighting IPO will open? The IPO is to open on 19 December 2024 for QIB, NII, and Retail Investors. |
| What is Transrail Lighting IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Transrail Lighting IPO? You can apply Transrail Lighting IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Transrail Lighting IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Transrail Lighting IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Transrail Lighting IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Transrail Lighting IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Transrail Lighting IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Transrail Lighting IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Transrail Lighting IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Transrail Lighting IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Transrail Lighting IPO Size? Transrail Lighting IPO size is ₹838.91 Crore. |
| What is the Transrail Lighting IPO Price Band? Transrail Lighting IPO Price Band is ₹410 to ₹432. |
| What is Transrail Lighting IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 34 Shares with ₹14,688 amount while the maximum bid is 442 Shares with ₹1,90,944. |
| What is the Transrail Lighting IPO Allotment Date? Transrail Lighting IPO allotment date is 24 December 2024. |
| What is the Transrail Lighting IPO Listing Date? Transrail Lighting IPO listing date is 27 December 2024. The IPO is to be listed on BSE and NSE. |
