₹ 14688 / 34 shares
IPO Details
RHP/DRHPIssue Date
19 Dec - 23 Dec'24
Investment/lot
₹ 14688
Price Range
410 - 432
Lot Size
34
IPO Size
₹ 838.91 cr
IPO Listing Details
Listing On
27 Dec'24
Issue Price
432
Listed Price
--
Retail Gain/Listing Gain
--
IPO Timeline
About Transrail Lighting IPO
Transrail Lighting Limited is an IPO of ₹838.91 crores. The issue consists of an offer for sale of ₹10,160,000 equity shares and a fresh issue of ₹400 crores. The IPO opens for subscription on December 19, 2024 and closes on December 23, 2024.
Objective of Transrail Lighting IPO
- Fund incremental working capital requirements of the company
- Fund capital expenditure of our Company; and
- General corporate purposes.
Transrail Lighting IPO Valuation
| Particulars | Value |
|---|---|
Upper Price Band | ₹432 |
Existing Shares To be sold | 10,160,000 shares |
Fresh Issue | 400 crores |
Market Cap | ₹5800 crores |
EPS | 19.59 |
Transrail Lighting IPO Lot Size
| 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 |
Transrail Lighting IPO Share offer and Subscription Details
| Investor Category | Shares Offered |
|---|---|
QIB Shares Offered | Not more than 50% of the Net Issue |
Retail Shares Offered | Not less than 35% of the Net Issue |
NII (HNI) Shares Offered | Not Less than 15% of the Net Issue |
Industry Outlook
India’s power transmission and distribution industry has seen robust growth, with transmission lines expanding to 485,544 CKM in FY24. Additionally, infrastructure projects like highways and railways are creating opportunities for lighting and poles sectors.
Transrail Lighting IPO Review | Issue details | Financials | IPO Objectives | Key Highlights
Kotak Securities
•03m 39s
Company Information
Transrail Lighting Limited, a four-decade-old EPC company, specialises in power transmission, distribution, and integrated manufacturing of lattice structures, monopoles, and conductors. It operates across sectors like power, civil construction, lighting, and railways.
Transrail Lighting IPO Strengths:
Integrated Operations
Comprehensive manufacturing and EPC capabilities reduce dependency on external vendors.
Diversified Presence
Projects executed in India, Africa, and Asia diversify risk and ensure stable growth.
Experienced Management
A strong leadership team with decades of sectoral expertise.
Transrail Lighting IPO Risk Factors
- Regulatory Challenges: Compliance failures may attract penalties and affect reputation.
- Project Delays: Execution risks in infrastructure projects can affect cash flows and profitability.
- Market Volatility: Dependency on cyclical industries like power and railways introduces earnings variability.
All Financial Information about Transrail Lighting
Comprehensive financial data, including revenue, profit/loss statements, EBITDA, and other critical metrics.
Particulars (in Rs. million)
Particulars (in Rs. million)
Comparison with peers
| Name of the company | Revenue from Operations | EBITDA | PAT |
|---|---|---|---|
Transrail lighting | 4077 | 11.70% | 235 |
Kalpataru Projects | 16760 | 8.20% | 533 |
KEC International | 17383 | 4.90% | 148 |
Tata Projects | 17247 | 3.50% | 139 |
Skipper Ltd | 3282 | 9.70% | 75 |
Patel Engineering | 4412 | 16.40% | 286 |
Bajel Projects | 169 | 0.20% | 4 |
Anchor Investor Information
The Anchor investor date is 18th December 2024.
IPO Registrar and Book Running Lead Managers
-
Axis Capital Limited
-
HDFC Bank Limited
-
IDBI Capital Markets & Securities Limited
-
Inga Ventures Private Limited
Registrar for the IPO is Link Intime India Private Limited
Business Model
- Power Transmission and Distribution: Core revenue driver with turnkey solutions globally.
- Poles and Lighting: Catering to infrastructure needs like highways and urban lighting.
- Railways and Civil Construction: Emerging verticals focusing on modernisation.
Company Growth Trajectory
- Revenue from operations grew from ₹22,841.42 million in FY22 to ₹40,092.30 million in FY24.
- Profit after tax (PAT) increased from ₹647.07 million in FY22 to ₹2,332.05 million in FY24.
Market Position
- The company is a leader in India's power transmission sector, with significant projects across Asia and Africa.
- It leverages in-house manufacturing and execution capabilities to maintain competitiveness in a rapidly growing infrastructure market.
Transrail Lighting Company Profit & Loss
| Metric | Transrail Lighting | Peer 1* | Peer 2* |
|---|---|---|---|
Face Value (₹) | 2 | 10 | 10 |
Price-to-Earnings (P/E) | To Be Determined | 15.23 | 12.67 |
EPS (₹) | 19.59 | 22.14 | 19.75 |
Return on Net Worth (%) | 21.68% | 18.23% | 17.50% |
Net Asset Value/Share (₹) | 86.79 | 105 | 97.5 |
Cash Flow Statements
| Particulars | As of June 30, 2024 | FY March 31, 2024 | FY March 31, 2023 | FY March 31, 2022 |
|---|---|---|---|---|
Profit for the Year | 770.58 | 3,158.13 | 1,473.20 | 906.67 |
Net Cash from Operating Activities | 1,318.72 | 354.85 | 1,426.79 | 501.62 |
Net Cash from Investing Activities | -752.81 | -782.99 | -1,045.30 | -813.91 |
Net Cash from Financing Activities | -781.03 | 279.46 | 290.61 | -3.72 |
Cash & Cash Equivalent (Year-End) | 883.34 | 1,098.46 | 1,247.14 | 575.04 |
How to Check Allotment Status?
You can check the allotment status of shares either on the website of the Bombay Stock Exchange (BSE) or on the website of the registrar — Link InTime India Pvt Ltd. To check the status on the BSE website:
- Visit the BSE website
- Click on “Investor Services” and choose “Application Status Check”
- Choose the issue type — Equity or Debt (Equity in this case)
- Select the Issue Name from the drop-down. The issue name is the company’s name, which is Transrail Lighting Limited.
- Enter your application number or PAN number
- Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status
Follow these steps to know the allotment status on the registrar’s website:
- Visit the Link Intime website
- Choose “Public Issues” from the “Investor Services” drop-down
- Select Transrail Lighting Ltd from the drop-down
- Enter your PAN number or Application number
- Click on “Submit” to know the allotment status
How To Apply for Transrail Lighting Ltd IPO?
Here are the steps to apply for Transrail Lighting Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Transrail Lighting IPO FAQs
What is the minimum lot size required for Transrail Lighting IPO?
The minimum lot size is 34 shares and the investment required is ₹14688.
What is the price band of the Transrail Lighting IPO?
The price band of Transrail Lighting IPO is ₹410 to ₹432.
Where can I read more about Transrail Lighting business?
You can read more about Transrail Lighting and its IPO from the company’s red herring prospectus (RHP) here.
What is the Transrail Lighting Limited IPO?
The TransRail Lighting Limited IPO has an issue size of ₹838.91 crores. The IPO opens for subscription on 17/12/2024 and closes on 23/12/2024.
Who is the Registrar for Transrail Lighting Limited IPO?
Link Intime India Private Limited is the registrar for this IPO.
