Listed
Transrail Lighting IPO
Transrail Lighting IPO is a book built issue of Rs 838.91 crores. The issue is a combination of fresh issue of 0.93 crore shares aggregating to Rs 400.00 crores and offer for sale of 1.02 crore shares aggregating to Rs 438.91 crores. Transrail Lighting IPO bidding started from December 19, 2024 and ended on December 23, 2024. The allotment for Transrail Lighting IPO was finalized on Tuesday, December 24, 2024. The shares got listed on BSE, NSE on December 27, 2024.
Min Investment
₹14,688
Lot Size
34 Shares
Price Range
₹432
Issue Size (₹ Cr.)
₹432 per share
IPO Type
Mainboard
Key Metrics
Face Value
₹ 2 per share
GMP
Subscription
81.98x
EPS
₹ 15.42
P/E Ratio
28.02 x
RoNW
21.68%
ROE
24.41%
Debt to Equity (₹ Cr.)
0.07
Timeline
IPO Opened19/12/2024Thursday
IPO Closed23/12/2024Monday
Allotted24/12/2024Tuesday
Refunded26/12/2024Thursday
Listed27/12/2024Friday
Strengths
- Low Debt & Strong Financial Stability – With a Debt-to-Equity ratio of 0.07, the company operates with minimal debt, reducing financial risk and improving flexibility for future growth.
- Established Market Presence – Transrail Lighting is a leading player in the power transmission and lighting infrastructure sector, benefiting from government projects and industrial demand.
- Diverse Product Portfolio – The company offers transmission towers, poles, substation structures, and lighting solutions, catering to multiple industries, reducing dependency on a single revenue source.
- Strong Order Book & Growth Prospects – With increasing investments in power and infrastructure projects, Transrail is well-positio
- Stable Revenue & Profit Growth – The company has demonstrated consistent revenue growth over the years, supported by long-term contracts and government tenders.
Weaknesses
- Dependence on Government Contracts – A significant portion of revenue comes from government infrastructure and electrification projects, making it vulnerable to policy changes, project delays, and budget constraints.
- High Working Capital Requirements – The company operates in a capital-intensive industry, requiring large upfront investments in manufacturing, raw materials, and project execution, leading to potential cash flow constraints.
- Competitive Market – Faces intense competition from both domestic and international players in the power transmission and lighting infrastructure sector, impacting pricing power and market share.
- Raw Material Price Volatility – Fluctuations in steel, copper, and aluminum prices can affect production costs, leading to potential margin compression if not effectively managed.
- Regulatory & Compliance Risks – Being part of the infrastructure and power sector, the company is subject to strict environmental, safety, and labor regulations, which could lead to delays or additional costs.
Financials
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets(₹Cr) | 4,836.17 | 4,620.61 | 3,445.49 | 2,841.87 |
| Revenue(₹Cr) | 929.70 | 4,130.00 | 3,172.03 | 2,357.20 |
| Profit After Tax (₹Cr) | 51.74 | 233.21 | 107.57 | 64.71 |
| Net Worth(₹Cr) | 1,140.65 | 1,075.87 | 709.15 | 599.32 |
| Total Borrowing(₹Cr) | 603.43 | 643.19 | 604.92 | 469.12 |
Subscription Details
| Day | # of Share Offered | Number of Lots Offered | 19th Dec 2024 19:04 | 20th Dec 2024 18:56 | 23rd Dec 2024 18:21 |
|---|---|---|---|---|---|
| QIB | 37,95,889 | 111644 | 0.77x | 1.36x | 197.41x |
| NII | 28,46,917 | 83733 | 2.17x | 7.42x | 78.31x |
| S-NII | 9,48,972 | 27911 | 3.54x | 10.92x | 75.34x |
| B-NII | 18,97,945 | 55822 | 1.48x | 5.67x | 79.80x |
| RII | 66,42,805 | 195377 | 2.98x | 7.13x | 22.62x |
| EMP | 4,29,814 | 12642 | 0.70x | 1.53x | 4.39x |
| Total | 1,37,15,425 | 403395 | 2.13x | 5.42x | 81.98x |
| Category | Number of Shares offered | Number of Shares Bid | Bid Amount(Rs Cr) | ||
|---|---|---|---|---|---|
| QIB | 37,95,889 | 74,93,50,922 | 32,371.96 | ||
| NII | 28,46,917 | 22,29,49,288 | 9,631.41 | ||
| Small NII | 9,48,972 | 22,29,49,288 | 3,088.58 | ||
| Big NII | 18,97,945 | 15,14,54,292 | 6,542.83 | ||
| RII | 66,42,805 | 15,02,44,062 | 6,490.54 | ||
| EMP | 4,29,814 | 18,86,456 | 81.49 | ||
| Total | 1,37,15,425 | 1,12,44,30,728 | 48,575.41 |
Company Details
- 501, A,B,C,E Fortune 2000, Block G Bandra Kurla Complex, Bandra East Mumbai,-400051
+91 22 6197 9600
- cs@transraillighting.com
- https://transrail.in/
Registrar Details
- Link Intime India Private Ltd
+91-22-4918 6270
- transraillighting.ipo@linkintime.co.in
- https://linkintime.co.in/Initial_Offer/public-issues.html
