What are the open and close dates of the Transteel Seating Technologies Limited ?

Transteel Seating Technologies Limited will be open between 2023-10-30 and 2023-11-01.

What is the allotment date for the Transteel Seating Technologies Limited ?

Transteel Seating Technologies Limited allotment date is 2023-11-06. For Transteel Seating Technologies Limited allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Transteel Seating Technologies Limited ?

For Transteel Seating Technologies Limited, the IPO registrar is Bigshare Services Pvt Ltd. You can check Transteel Seating Technologies Limited allotment status on the website of the registrar.

Where is the Transteel Seating Technologies Limited getting listed?

The shares are proposed to be listed on the BSE and NSE.

When will Transteel Seating Technologies Limited shares be credited to your demat account?

The Transteel Seating Technologies Limited shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.

What is the lot size and minimum order quantity of the Transteel Seating Technologies Limited ?

The Transteel Seating Technologies Limited lot size is 2000 and minimum order quantity is 2000.

What is the price band for the Transteel Seating Technologies Limited ?

Transteel Seating Technologies Limited has set the price band for its IPO at 70 per equity share with a face value of 10.

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IPO

Transteel Seating Technologies Limited

listed

₹1.34LMin. investment

Bid start
30 Oct
Bid end
1 Nov
Allotment
1 Nov
Release of funds
7 Nov
Demat transfer
6 Nov
Listing
6 Nov

Transteel Seating Technologies Limited IPO Details

Issue size

₹49.98Cr

IPO type

SME

Price range

₹67.00 – ₹70.00

Lot size

2000 shares

Price range₹67.00 – ₹70.00

IPO type

SME

Lot size2000 shares

Issue size₹49.98Cr

Checklist

Risk analysis

Debt to Equity ratio

Promoter holdings

Shares pledged

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About Transteel Seating Technologies Limited

Incorporated on February 08, 1995,Transteel, a furniture provider, has been catering to businesses of all sizes for over two decades. However, in 2019, they took a considerable leap by adopting a digital-first approach, transforming the way customers engage with their brand. This shift has made it convenient for customers to browse and purchase their diverse range of furniture online. They are a known furniture provider with over 20 years of corporate and B2B experience. The company has developed the skill and expertise in making chairs, office furniture and other residential and commercial furniture.

The furniture solutions are a mix of design, value, and ergonomics, which ensure that your back stays in good shape, day after day. The company also developed the in-house Technical & Design team to provide turnkey solution and implementation of interior and work space in Commercial, Residential and Educational Institutions. The company's aim is to develop creative and innovative designs in furniture space and to develop techniques to make all products as part of “Make in India” initiative.

The company generates its revenue from online, offline and Omni Channel. However, Transteel facilitates omni channel commerce as well. Omni channel refers to the way organisations might tailor the customer experience for individuals across physical and digital channels.That is depending on the customer’s preference i.e. Direct orders on Their website or Backend orders placed by them on behalf of the customer on the company website, Purchase order and order form signed during a store visit. Transteel acquires customers with a digital first approach. They use their digital assets based on Google platforms to dominate and drive traffic to their website. They then acquire customers using an omnichannel approach based on the customers preferences. Transteel has a strong brand recall due our 25+ Year association with the corporate segment.

Transteel Seating Technologies Limited is set to debut its initial public offering (IPO). The proceeds generated from the Fresh Issue will be allocated towards the following objectives

Prepayment/Repayment of Certain Debt Facility availed by our Company

Purchase of Equipments to Facilitate Manufacturing

Working Capital Requirements

General Corporate Purposes.

Here are key details about the Transteel Seating Technologies Limited IPO:

Company Name	Transteel Seating Technologies Limited Limited		Transteel Seating Technologies Limited IPO Opening Date	30th October,2023
Company Incorporated in	1995Transteel Seating Technologies Limited IPO Issue Size	₹49.98

Frequently asked questions

How to invest in the Transteel Seating Technologies Limited ?

Investors can apply for the Transteel Seating Technologies Limited through their Demat account via the stock exchange or through their broker.

What is the issue size of Transteel Seating Technologies Limited ?

The issue size of the Transteel Seating Technologies Limited is 49.9799999 Cr.

What is 'pre-apply' for Transteel Seating Technologies Limited ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Transteel Seating Technologies Limited shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.