Transrail Lighting IPO listing date: Key points to watch ahead of its debut on NSE and BSE

Transrail Lighting IPO listing date: Transrail Lighting shares are ready to get listed on the stock exchanges—the BSE and the National Stock Exchange (NSE)—on Friday, December 27. Due to high demand from institutional buyers, the initial share sale was booked 80.80 times. The IPO was live from December 19 to December 23.

Transrail Lighting IPO subscription

Receiving bids for 1,12,44,40,452 shares compared to 1,39,16,742 equity shares on offer, the initial public offer was subscribed 80.80 times.

Transrail Lighting IPO objectives

The ₹838.91 crore IPO is a fresh issue of ₹400 crore as well as an offer for sale aggregating to ₹438.91 crore.

The money generated will be used for incremental working capital requirements, capital expenditure and corporate general purposes.

Transrail Lighting IPO listing date and time

Transrail Lighting shares will be listed on the NSE and the BSE on Friday, December 27 at 10 am.

Transrail Lighting financials

Transrail Lighting IPO: Strengths

• The company has completed more than 200 projects, showcasing its extensive implementation skills in power transmission and distribution business nationwide and international markets.
• It has expertise in material supply, manpower and world-class machinery.
• It has an in-house tower testing facility.
• The company has a strong balance of domestic and international orders.

Transrail Lighting IPO: Risks

• Orderbook is subject to modification, delay or cancellation, which can affect the company's finances.
• Long execution periods for EPC contracts can lead to excess costs.
• Transrail Lighting heavily relies on government tenders.
• The company operates in global markets and faces risks of geopolitical uncertainties and currency fluctuations.