Transrail Lighting Limited IPO
MainboardHeavy Electrical Equipment
Listed On: Dec 27, 2024 at ₹ 590.0(NSE)
₹ 14688 /34 Shares
Check AllotmentPrice Summary
Last Closing
592.70 (37.2%)52 Week High
718.9052 Week Low
532.30Last Update
17-Jan-2025 3:30 PM19 Dec, 2024
Open Date23 Dec, 2024
Close Date24 Dec, 2024
Allotment Date27 Dec, 2024
Listing DateIssue Price
₹410-432 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdList Price
590.0(NSE)Listing Date
2024-12-27Market Lot
Retail : 34 Shares (₹14,688/-)S-HNI : 476 Shares (₹2,05,632/-)
B-HNI : 2,346 Shares (₹10,13,472/-)
Lead Manager
Inga Ventures Pvt LtdAxis Capital Limited
Hdfc Bank Limited
Idbi Capital Market Services Limited
Issue Size
Total ₹838.91 Cr :#Fresh Issue : 92,59,259 shares(aggregating up to ₹400.00 Cr) +
#OFS : 1,01,60,000 shares of ₹2(aggregating up to ₹438.91 Cr)
Retail Portion
35% (Number of Retail Applications: 1,95,377 Approx),(Number of S-HNI Applications : 1,993 Approx),
(Number of B-HNI Applications : 3,986 Approx)
Subscription
80.74 timesTransrail Lighting IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 37,95,889 | 28,46,917 18,97,945 9,48,972 | 66,42,805 | 1,37,15,425 |
| Day 1 - 19-12-24 05:00 PM | 0.78 x | 2.10 1.44 x 3.42 x | 2.87 x | 2.07 x |
| Day 2 - 20-12-24 05:00 PM | 1.38 x | 7.23 5.54 x 10.61 x | 6.90 x | 5.31 x |
| Day 3 - 23-12-24 05:00 PM | 201.06 x | 76.40 77.86 x 73.49 x | 21.96 x | 80.74 x |
Transrail Lighting Valuations
EPS Pre IPO
₹18.66/-EPS Post IPO
₹15.42/-P/E Pre IPO
23.15P/E Post IPO
28.02ROE
24.41%ROCE
24.33%Debt/Equity
0.56RoNW
21.68%PAT Margin
5.65Price to Book Value
4.70Transrail Lighting Company Financials All values are in ₹ Cr.
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 4,620.61 | 3,445.49 | 2,841.87 |
| Revenue | 4,130.00 | 3,172.03 | 2,357.20 |
| Profit After Tax | 233.21 | 107.57 | 64.71 |
| Net Worth | 1,075.87 | 709.15 | 599.32 |
| Total Borrowing | 643.19 | 604.92 | 469.12 |
About The Company
Transrail Lighting Limited is one of the India's leading EPC company with more than 40 years of experience in power transmission and distribution. It deals with turnkey solutions; it has its operations in Bangladesh, Kenya, and Nigeria, among other 58 countries.
As of September 30, 2023, it has completed approximately 33,500 circuit kilometres of transmission lines and 30,000 circuit kilometres of distribution lines globally with EPC services in substations up to 765 kV. In FY 2023, its revenue growth was 35.1%, surpassing the industry average.
Apart from power infrastructure, the company is strong in civil construction, poles and lighting, and railway projects, thereby making it a well-established and trusted global player in power solutions.
Transrail Lighting - Strength and Weakness
With over 200 completed projects and extensive experience in transmission lines, substations, and distribution networks, Transrail Lighting Limited demonstrates strong execution capabilities and pre-qualifications in the power sector.
The company boasts well-equipped manufacturing units in Gujarat, Maharashtra, and Dadra and Nagar Haveli, producing a wide range of products including towers, conductors, and poles. These facilities support backward integration, reducing dependence on third-party suppliers.
The company's integrated approach to EPC business includes a team of experienced designers and engineers equipped with leading-edge software. This enables Transrail Lighting Limited to deliver projects efficiently, maintain high safety standards, and capture more value in the EPC value chain.
Transrail Lighting Limited is certified in quality management, environmental management, communication security, and occupational health and safety systems. Strict internal and external inspections ensure timely delivery, competitive pricing, and superior product quality, enhancing customer satisfaction and market reputation.
Transrail Lighting Limited relies heavily on its order book for future revenue projections. However, projects included in the order book, especially those where the company has secured the lowest bid, may face cancellation, modification, or delays beyond its control. This uncertainty could significantly impact the company's business, reputation, and financial performance.
The company's project management and turnkey contracts involve long execution periods, typically 3 to 5 years, which increase the risk of time and cost overruns. Various factors such as price escalation, funding constraints, and adverse weather conditions can lead to unforeseen increases in costs, affecting the company's financial condition and future prospects.
Transrail Lighting Limited derives a significant portion of its revenue from tenders released by government authorities and public sector undertakings. Any delays or reduction in tenders from these entities could adversely affect the company's business and results of operations. Changes in government policies or budget allocations may further impact the company's prospects in this regard.
Transrail Lighting - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Net Worth | |
|---|---|---|---|---|
| Transrail Lighting | 4.69 | 24.87 | 21.7% | 4,130 |
| KEC International | 6.33 | 75.9 | 8.8% | 20,797 |
| Kalpataru Projects | 4.10 | 41.3 | 10.4% | 20,384 |
| Skipper Limited | 7.54 | 61.1 | 9.02% | 4,157 |
| Patel Engineering | 1.32 | 17.6 | 7.50% | 4,680 |
| Bajel Projects | 4.97 | 113 | 0.91% | 1,939 |
Transrail Lighting - Promoter(s)
Pre Issue Share Holding: 84.50%
Post Issue Share Holding: 71.10%
- Ajanma Holdings Private Limited
- Digambar Chunnilal Bagde
- Sanjay Kumar Verma
Transrail Lighting IPO - Issue Objectives
- Incremental financingworking capital requirements of the company
- Funding capital expenditure of the company
- General corporate purposes.
Transrail Lighting IPO - Anchor Investors
Several key institutional investors like Winro Commercial, ICICI Prudential Mutual Fund, Tata Mutual Fund, LIC Mutual Fund, Bandhan Mutual Fund, SBI General Insurance, ITI Mutual Fund, Nuvama, Taurus Flexi Cap Fund, Citrus Global Arbitrage Fund, and BNP Paribas Financial Markets invested in the company via anchor book.
Among others, Bengal Finance and Investments, Varanium India Opportunity, Subhkam Ventures, and Negen Undiscovered Value Fund also became shareholders in the company.
Other Details
Transrail Lighting
501, A,B,C,E Fortune 2000, Block G Bandra, Kurla Complex, Bandra, East Mumbai,-400051Link 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 - FAQs
Ans. Transrail Lighting Limited IPO is a Mainboard IPO. The issue is priced at ₹410-432 per equity share. The minimum order quantity is 34 Shares. The IPO opens on Dec 19, 2024, and closes on Dec 23, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Transrail Lighting Limited IPO opens on Dec 19, 2024 and closes on Dec 23, 2024.
Ans. The size of Transrail Lighting Limited IPO is Total ₹838.91 Cr : #Fresh Issue : 92,59,259 shares(aggregating up to ₹400.00 Cr) + #OFS : 1,01,60,000 shares of ₹2(aggregating up to ₹438.91 Cr).
Ans. The IPO price band is set between ₹410-432 per equity share.
Ans. To apply for Transrail Lighting Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Transrail Lighting Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Transrail Lighting Limited IPO is Dec 24, 2024.
Ans. The Transrail Lighting Limited IPO will be listed on Dec 27, 2024.
Ans. Follow the steps to check the allotment status for Transrail Lighting Limited IPO here.
