TRANSRAIL LIGHTING LIMITED (MAINBOARD)
Dec 19, 2024 - Dec 23, 2024
| Price | ₹410 - ₹432 |
| Premium | ₹165 |
|---|---|
| Lot size | 34 |
| Allotment | Dec 25, 2024 |
| Listing | Dec 27, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 34 | 14688 | 195377 |
| sHNI | 14 | 476 | 205632 | 1994 |
| bHNI | 69 | 2346 | 1013472 | 3987 |
Last updated on 23-Dec-2024 19:08:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 3795889 | 749350922 | 197.41 |
| HNIs | 2846917 | 222951192 | 78.31 |
| HNIs 10+ | 1897945 | 151454292 | 79.8 |
| HNIs 2+ | 948972 | 71496900 | 75.34 |
| Retail | 6642805 | 150251712 | 22.62 |
| Employees | 439814 | 1886626 | 4.29 |
| Total | 13725425 | 1124440452 | 81.92 |
Application-Wise Breakup (Approx. no. of Apps) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 3987 | 62369 | 15.64 |
| HNIs (2-10L) | 1994 | 145132 | 72.78 |
| Retail | 195377 | 3744710 | 19.17 |
| Employee | - | 41536 | - |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 163.98 | 32371.96 | 197.41 |
| FIIs | - | 10323.83 | - |
| DIIs | - | 14984.25 | - |
| Mutual funds | - | 1531.19 | - |
| Others | - | 5532.69 | - |
| HNIs | 122.99 | 9631.49 | 78.31 |
| HNIs 10+ | 81.99 | 6542.83 | 79.8 |
| HNIs 2+ | 41 | 3088.67 | 75.34 |
| Retail | 286.97 | 6490.87 | 22.62 |
| Employees | 19 | 81.5 | 4.29 |
| Total | 592.94 | 48575.83 | 81.92 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹114.5 | @8% ₹130.8 | @9% ₹147.2 | @10% ₹163.6 | @11% ₹179.9 | @12% ₹196.3 |
IPO Details
| Issue Size | [1,94,19,259] shares (aggregating up to 838.91 Cr) |
| Fresh Issue | [92,59,259 ] shares (aggregating up to 400 Cr) |
| Offer For Sale | 10,160,000 shares (aggregating up to 438.91 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE,BSE |
| Share holding pre issue | 124,996,767 Shares |
| Share holding post issue | 13,42,56,026 shares |
IPO Reservation
| 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 |
Key Performance Indicators
| KPI | Jun-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 4.42% | 24.41% | 15.00% |
| ROCE | 6.02% | 24.33% | 18.27% |
| RONW | 4.54% | 21.68% | 15.17% |
| D/E | 0.50 | 0.56 | 0.78 |
| EPS (basic) | 4.17 | 19.59 | 9.45 |
| P/E Pre IPO | 23.15 | ||
| P/E Post IPO | 28.02 |
Financial Details (Restated) In Crores
| Period | Jun-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 4,836 | 4,621 | 3,445 | 2,842 |
| Revenue | 930 | 4,130 | 3,172 | 2,357 |
| Profit After Tax | 52 | 233 | 108 | 65 |
| Net Worth | 1,141 | 1,076 | 709 | 599 |
| Total Borrowing | 603 | 643 | 605 | 469 |
About Company
Incorporated in February 2008, Transrail Lighting Limited is a leading engineering and construction company specializing in power transmission and distribution, manufacturing lattice structures, conductors, and monopoles. The company provides EPC services for transmission and distribution lines, civil construction projects such as bridges, tunnels, elevated roads, and cooling towers, and also acts as a manufacturer and service provider in poles and lighting, including supply, installation, and testing. Additionally, it offers railway services encompassing overhead electrification, signaling, telecommunication, earthworks, and track linking. With a presence in 58 countries, including Bangladesh, Kenya, Tanzania, Niger, Nigeria, Mali, Cameroon, Finland, Poland, and Nicaragua, the company has completed over 200 power transmission and distribution projects. As of June 30, 2024, it has executed 34,654 CKM of transmission lines and 30,000 CKM of distribution lines, supplying 1.3 MMT of towers, 194,534 KM of conductors, and 458,705 poles. Supported by 114 employees in its design and engineering team, Transrail operates four manufacturing units located in Vadodara (Gujarat), Deoli (Maharashtra), and two in Silvassa (Dadra and Nagar Haveli).
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Proven Expertise: Established presence and growth in the power transmission and distribution sector, supported by strong implementation and execution capabilities.
State-of-the-Art Facilities: Advanced manufacturing facilities ensuring high-quality and reliable production.
Diversified Order Book: A strong and varied order book, showcasing market trust and business stability.
Order Book Risks: Susceptibility to cancellations, modifications, or delays in the order book, which can impact business operations, financial condition, and reputation.
Execution Challenges: Long execution periods for EPC projects may lead to time overruns, cost variations, and revenue mismatches, adversely affecting profitability.
Dependence on Government Tenders: Heavy reliance on tenders from government and public sector entities (accounting for 70-82% of revenues), with delays or lack of tenders posing significant operational risks.
Link Intime India Pvt Limited
Phone: +91 810 811 4949
Email: transraillighting.ipo@linkintime.co.in
Website: www.linkintime.co.in