Transrail Lighting Share Price Live Updates: Transrail Lighting will be included and authorized for trading on the Exchange under the ‘B’ Group of Securities, according to the circular notice from BSE. Additionally, trading members should be aware that the aforementioned stock will participate in the Special Pre-open Session (SPOS) scheduled for Friday, December 27, 2024.
Transrail Lighting’s initial public offering (IPO) was oversubscribed by 80.80 times on the final day of the sale on Monday. The company secured ₹246 crore from anchor investors. This ₹839-crore IPO had a share price range set between ₹410 and ₹432. The offering consists of a fresh issuance of shares amounting to ₹400 crore, in addition to an Offer-for-Sale of 1.01 crore equity shares by the promoter, Ajanma Holdings Pvt Ltd.
The funds raised from the fresh issue will be allocated to cover increasing working capital needs, to finance capital expenditures, and for general corporate activities. Transrail Lighting is recognized as one of the top Indian engineering, procurement, and construction (EPC) firms, primarily concentrating on the power transmission and distribution sector and has integrated manufacturing capabilities for lattice structures, conductors, and monopoles.
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Transrail Lighting Share Price Live Updates: Sagar Shetty, Research Analyst, StoxBox on listing expectations
Transrail Lighting closed for subscription on 23rd December after garnering an overall subscription rate of 80.80 times over its issue size. The robust subscription rate indicates an attractive GMP of 39% over its upper price band. Given its strong order book, the company ensures stable revenue growth, further supported by a mix of international and domestic clients. Furthermore, plans to diversify into allied infrastructure sectors and the solar EPC industry will broaden its market reach and reinforce its position in the infrastructure sector. Given its strong position in the market, the company is poised to capitalize on emerging market opportunities. Thus, we recommend that participants allot the shares to remain invested from a medium- to long-term perspective.
Transrail Lighting Share Price Live Updates: Transrail Lighting shares to debut on bourses today
Transrail Lighting will be included and authorized for trading on the Exchange under the ‘B’ Group of Securities, according to the circular notice from BSE. Additionally, trading members should be aware that the aforementioned stock will participate in the Special Pre-open Session (SPOS) scheduled for Friday, December 27, 2024.
