Transrail Lighting IPO booked 81 times on final day, allotment on Dec 24; check key details

Transrail Lighting IPO was subscribed nearly 81 times on day 3, with bids for more than 112.44 crore shares against 1.39 crore shares available for subscription.

Following a successful IPO subscription, Transrail Lighting Limited is expected to finalise the share allotment status for its initial public offering on December 24. The ₹838.91-crore mainboard issue opened for subscription on December 19.

Strong interest was seen across all investor categories. The Qualified Institutional Buyers (QIBs) led the subscription by booking their category 201.06 times. The QIBs submitted applications for over 74.93 crore shares against 37.26 lakh shares allocated to them. The Non-Institutional Investors (NIIs) booked their segment 76.41 times with applications for 22.29 crore shares compared to 29.17 lakh shares reserved for the category.

The retail portion of the IPO was booked 22.07 times with bids for over 15 crore shares against 68.08 lakh shares on offer.

The IPO investors can check the allotment status on the websites of the NSE, BSE and the issue registrar, Link Intime India Pvt Ltd.

• Head to the official NSE IPO allotment page: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• If you already have an account, log in using your credentials.
• If not, you’ll need to create an account first.
• From the dropdown menu, choose ‘Transrail Lighting IPO’ to find the offering.
• Enter your application number and PAN details for verification.
• Once the required details are entered, click ‘Submit’ to check your allotment status.

• Visit the Link Intime India Pvt Ltd. website at https://linkintime.co.in/initial_offer/public-issues.html
• In the ‘Select Company’ dropdown, pick ‘Transrail Lighting IPO.’
• Choose your preferred method of search — PAN, Application Number, DP ID, or Account Number.
• Enter the required details for the selected option.
• Hit ‘Search’ to view your IPO allotment status.
• Your allotment status will appear on the screen.

Transrail Lighting IPO key details

• Transrail Lighting IPO included a fresh issue of 93 lakh shares, worth ₹400 crore, and an offer-for-sale component of 1.02 crore shares, amounting to ₹438.91 crore.
• Following the IPO allotment, the company will initiate refunds and transfer of shares to the Demat accounts on December 26.
• Shares of Transrail Lighting Ltd will be listed on the BSE and NSE. The tentative listing date is December 27.
• The price band for the Transrail Lighting IPO was fixed between ₹410 and ₹432 per share.
• Retail investors could apply for a minimum of a single lot size, or 34 shares, aggregating to an investment of ₹14,688.
• The book-running lead managers are Inga Ventures Pvt Ltd, Axis Capital Ltd, HDFC Bank Ltd, and IDBI Capital Market Services Ltd.

About Transrail Lighting and IPO objective

Transrail Lighting intends to use the net proceeds from the IPO for three categories: incremental working capital requirements, capital expenditures, and general corporate purposes.

Transrail Lighting Ltd., founded in February 2008, is an engineering and construction firm specialising in power transmission, distribution and infrastructure manufacturing. The company produces lattice structures, conductors and monopoles, key power-project components.

Its services include the supply, engineering, procurement, and construction of transmission and distribution lines, as well as EPC services in civil construction, such as bridges, tunnels, elevated roads, and cooling towers. Transrail Lighting also offers railway-related services, covering overhead electrification, signalling, telecommunication, earthworks, and track linking. It has completed over 200 projects and is present in 58 countries.

Transrail Lighting IPO shareholding pattern

The promoters of Transrail Lighting Ltd. are Ajanma Holdings Private Ltd., Digambar Chunnilal Bagde and Sanjay Kumar Verma. The promoters collectively held 84.5% of the company's shares before the issue. Their post-issue shareholding details are yet to be disclosed.