Transrail Lighting Limited is gearing up for its Initial Public Offering (IPO), scheduled from December 19 to December 23, 2024, with a price band of ₹410 to ₹432 per share. The company plans to raise ₹838.91 crores, including a fresh issue of ₹400 crores and an offer for sale of 10.16 million equity shares. With a turnover of ₹4,077 crores and a profit after tax (PAT) of ₹235 crores for FY 2024, the company positions itself as a strong contender in the lighting sector. The allotment status will be finalized on December 24, 2024, with the shares listing on the stock exchange on December 27, 2024. Owned by Ajanma Holdings Private Limited, Transrail Lighting Limited is also pursuing new projects to expand its market reach.
IPO Details You Must Know
- Transrail Lighting Limited IPO Date: December 19 – December 23, 2024
- Price Range: ₹410 – ₹432 per share
- Lot Size: 34 shares
- Total Issue Size: ₹838.91 crores
- Fresh Issue: ₹400 crores
- Offer for Sale: 10.16 million equity shares
- Allotment Date: December 24, 2024
- Listing Date: December 27, 2024
Financial Overview of Transrail Lighting Limited
- Turnover: ₹4,077 crores (FY 2024)
- Profit After Tax (PAT): ₹235 crores
- Unlisted Share Price: ₹400 – ₹450
- Net Asset Value (NAV) per Share: ₹86.79
- Price-to-Earnings (P/E) Ratio: To be determined post-listing
Who Owns Transrail Lighting Limited?
The company is owned by Ajanma Holdings Private Limited, which is known for its strategic investments in the lighting and infrastructure sectors. Under its management, Transrail Lighting has gained a solid reputation for delivering innovative lighting solutions.
Transrail Lighting Limited Share Price Target and Market Potential
Transrail Lighting Limited is projected to show steady growth, with its share price target potentially reaching new heights due to its robust financial performance and strategic expansion plans. Investors seeking long-term returns may find this IPO a lucrative opportunity.
Transrail Lighting Limited New Projects
The company is actively pursuing new projects in the lighting and infrastructure sectors, aimed at diversifying its product offerings and solidifying its market position. These initiatives are expected to significantly boost its future turnover and profitability.
Understanding Transrail Lighting Limited Unlisted Share Price
Currently, the unlisted share price of Transrail Lighting ranges between ₹400 and ₹450, indicating strong investor interest even before the IPO. This valuation underscores the company’s market potential.
Reviewing the IPO: Pros and Cons
Pros:
- Strong financial performance with high turnover and profitability.
- Strategic new projects that promise future growth.
- Ownership and management by a reputed entity, Ajanma Holdings.
Cons:
- Competitive market dynamics may impact future margins.
- Dependence on successful execution of new projects.
How to Check Transrail Lighting Limited IPO Allotment Status
Investors can check the IPO allotment status through:
- The BSE website.
- Registrar services provided by Link Intime India Pvt Ltd.
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