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Transrail Lighting IPO: Strong Debut with 36% Premium on BSE, NSE

Updated on: Dec 27, 2024, 5:33 PM IST
Transrail Lighting's IPO raised ₹838.91 crore, with shares listing at a 36% premium. The funds will support working capital, capital expenditure, and corporate needs.
Transrail Lighting IPO: Strong Debut with 36% Premium on BSE, NSE
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Transrail Lighting Limited share price made a strong debut on the stock exchanges on Friday, December 27, 2024. The shares listed at ₹585.15 per share on the Bombay Stock Exchange (BSE), reflecting a 35.45% premium over the issue price of ₹432. On the National Stock Exchange (NSE), the shares opened at ₹590 per share, a 36.5% premium over the issue price.

Details of the IPO 

Transrail Lighting’s initial public offering (IPO) raised ₹838.91 crore. It included a fresh issue of 9.3 crore shares worth ₹400 crore and an OFS (offer for sale) of 10.2 million shares worth ₹438.91 crore from the promoter, Ajanma Holdings Pvt Ltd. The IPO was available in a price band of ₹410-432 per share, with a lot size of 34 shares. The offering was highly oversubscribed, with an oversubscription of 80.80 times, as per NSE data.

Use of Proceeds 

The funds raised from the Transrail Lighting’s IPO will be used to meet incremental working capital needs, support capital expenditures, and for general corporate purposes.

Company Overview 

Transrail Lighting is a leading Indian engineering, procurement, and construction (EPC) company, specialising in the power transmission and distribution sector. The company also manufactures lattice structures, conductors, and monopoles.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in securities market are subject to market risks, read all the related documents carefully before investing.

 

Published on: Dec 27, 2024, 10:15 AM IST

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