Transrail Lighting Ltd
Transrail Lighting Ltd, a prominent engineering and construction company specializing in power transmission and distribution, is set to launch its Initial Public Offering (IPO) on December 19, 2024. This article provides a comprehensive overview of the IPO, including key details and important dates for potential investors.
Company Overview
Established in February 2008, Transrail Lighting Ltd offers turnkey solutions in power transmission, distribution, and rural electrification. The company also provides lighting solutions for outdoor applications. With a presence in over 58 countries, Transrail has completed more than 200 projects, including the EPC of 34,654 circuit kilometers (CKM) of transmission lines and 30,000 CKM of distribution lines, both domestically and internationally.
IPO Timeline
- IPO Opening Date: December 19, 2024
- IPO Closing Date: December 23, 2024
- Basis of Allotment Date: December 24, 2024
- Initiation of Refunds: December 26, 2024
- Credit of Shares to Demat Accounts: December 26, 2024
- Listing Date: December 27, 2024
Price Band and Lot Size
- Price Band: ₹410 to ₹432 per equity share
- Face Value: ₹2 per share
- Lot Size: 34 shares
- Minimum Investment: ₹14,688 for one lot
Financials
Transrail Lighting Ltd has demonstrated robust financial performance in recent years:
- FY 2023 Revenue: ₹3,152.2 crore
- FY 2023 Net Profit: ₹107.6 crore
- FY 2024 Revenue: ₹4,076.5 crore
- FY 2024 Net Profit: ₹233.2 crore
- Q1 FY 2025 Revenue: ₹915.8 crore
- Q1 FY 2025 Net Profit: ₹51.7 crore
Strengths
- Extensive Experience: Over 200 completed projects in power transmission and distribution.
- Global Presence: Operations in more than 58 countries.
- Diverse Service Portfolio: Comprehensive solutions in power transmission, distribution, and lighting.
Risks
- Market Dependency: Performance is closely tied to the health of the infrastructure and power sectors.
- Competitive Industry: Faces significant competition from other established players in the EPC sector.
IPO Anchor Investors Details
Details regarding anchor investors will be available after the allocation on December 18, 2024.
IPO Promoter Holding
The promoters of Transrail Lighting Ltd are:
- Ajanma Holdings Private Limited
- Digambar Chunnilal Bagde
- Sanjay Kumar Verma
| Promoter | Pre-Issue Holding | Post-Issue Holding |
|---|---|---|
| Ajanma Holdings Private Limited | 83.22% | [Data not available] |
| Digambar Chunnilal Bagde | [Data not available] | [Data not available] |
| Sanjay Kumar Verma | [Data not available] | [Data not available] |
IPO Grey Market Premium (GMP)
As of December 17, 2024, the Grey Market Premium for Transrail Lighting Ltd’s IPO is approximately ₹120 per share, indicating a potential listing gain of around 27.78%.
| Date | GMP (₹) | Expected Listing Price (₹) |
|---|---|---|
| December 17, 2024 | 120 | 552 |
Final Thoughts
Transrail Lighting Ltd’s upcoming IPO offers investors an opportunity to invest in a well-established company with a strong track record in the power transmission and distribution sector. However, potential investors should carefully consider the associated risks and conduct thorough due diligence before making investment decisions.