Transteel Seating Technologies Limited is a furniture company with over 20 years of experience in the corporate and B2B sectors. The Company has developed the skill and expertise in making chairs, office furniture and other residential and commercial furniture.
The company’s aim is to develop creative and innovative Designs in furniture space and to develop techniques to make all products as part of “Make in India” initiative.
The company’s manufacturing unit is located in , Yeshwanthpur, Bangalore, Karnataka. The company has also expanded its presence in Mumbai, Chennai, Delhi NCR, Pune and Hyderabad.
The company’s products are ready to use and provide space management and are primarily targeted to clients in Education, Healthcare, Hospitality, Banking, Insurance and Info Tech Companies.
Transteel Seating Technologies IPO – Details
| IPO Opening Date | 30 October 2023 |
| IPO Closing Date | 01 November 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 71,40,000 Shares Worth ₹49.98 Crore Fresh Issue: 67,84,000 Shares Worth ₹47.49 Crore Offer For Sale: 3,56,000 Shares Worth ₹2.49 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹67 – ₹70 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Transteel Seating Technologies IPO – Date Schedule
| IPO Open Date | 30 October 2023 |
| IPO Close Date | 01 November 2023 |
| Basis of Allotment | 06 November 2023 |
| Initiation of Refund | 07 November 2023 |
| Credit of Shares to Demat Account | 08 November 2023 |
| IPO Listing Date | 09 November 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Nov 01, 2023 |
Transteel Seating Technologies IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | 1,40,000 |
| Retail (Maximum) | 1 | 2000 | 1,40,000 |
| HNI (Minimum) | 2 | 4000 | 2,80,000 |
Competitive Strengths
- Experienced Promoters.
- Sales, Marketing and Distribution Capabilities.
- Brand Positioning.
- Quality Assurance & Control.
Company Promoters
- Mr. Shiraz Ibrahim
- Ms. Nasreen Shiraz
Object Of The Issue
- Prepayment/Repayment of Certain Debt Facility availed by the Company.
- Purchase of Equipments to Facilitate Manufacturing.
- Working Capital Requirements.
- General Corporate Purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 22.87 | 22.67 | 0 | 9.88 |
| 31 March 2022 | 28.06 | 25.88 | 1.59 | 13.26 |
| 31 March 2023 | 59.61 | 46.97 | 9.09 | 26.91 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 16.91 |
| Market Cap (₹ Cr.) | 141.25 |
| ROE | 37.21% |
| ROCE | 36.69% |
| EPS (Rs) | 6.8 |
| RoNW | 37.21% |
Transteel Seating Technologies IPO Promoter Holding
| Pre Issue Share Holding | 83.75% |
| Post Issue Share Holding | 53.83% |
Transteel Seating Technologies IPO Prospectus
- Transteel Seating Technologies IPO DRHP
- Transteel Seating Technologies IPO RHP
Company Contact Information
| Transteel Seating Technologies Limited No. 28, 4th Main, Industrial Suburb Yeshwanthpur Bangalore 560022 Phone: +91 80953 46346 Email: info@transteel.com Website: http://www.transteel.com/ |
Transteel Seating Technologies IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Transteel Seating Technologies IPO Lead Manager(s)
| 1. Gretex Corporate Services Limited 2. Pantomath Capital Advisors Pvt Ltd |
Transteel Seating Technologies IPO FAQs
| What is Transteel Seating Technologies IPO? Transteel Seating Technologies IPO is a SME IPO. The issue is priced at ₹67 – ₹70 per equity share. The IPO is to be listed on NSE SME. |
| When Transteel Seating Technologies IPO will open? The IPO is to open on 30 October 2023 for QIB – 50%, NII – 15% and Retail – 35% Investors. |
| How to Transteel Seating Technologies IPO? You can apply Transteel Seating Technologies 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 Transteel Seating Technologies IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Transteel Seating Technologies”. 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 Transteel Seating Technologies IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Transteel Seating Technologies”. 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 Edelweiss. |
| What is Transteel Seating Technologies IPO Size? Transteel Seating Technologies IPO size is ₹49.98 crores. |
| What is Transteel Seating Technologies IPO Price Band? Transteel Seating Technologies IPO Price Band is ₹67 – ₹70. |
| What is Transteel Seating Technologies IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,40,000 amount while the maximum bid is 2000 shares with ₹1,40,000. |
| What is the Transteel Seating Technologies IPO Allotment Date? Transteel Seating Technologies IPO allotment date is 06 November 2023. |
| What is the Transteel Seating Technologies IPO Listing Date? Transteel Seating Technologies IPO listing date is 09 November 2023. The IPO is to list on NSE SME. |
