The Transrail Lighting IPO comprises an up-to-date offering of equity shares valued at 400 crores and an offer for sale of 1.02 crore shares offered by the promoter Ajanma Holdings Pvt Ltd.
Transrail Lighting IPO: The Initial public offering of Transrail Lighting Ltd will open to public participation on the 19th of December. The offering will close on the 23rd of December.
The price is not yet been announced.
In the prospectus with red herrings (RHP) it is the first share sale will consist of an issue of equity shares of 400 crore, and an offer for sale of 1.02 million shares offered by Promoter Ajanma Holdings Pvt Ltd.
At present, Ajanma Holdings has an 83.22 percent share in the Mumbai-based firm.
The auction for anchor investors takes place on the 18th of December.
The IPO profits can be used to finance capital expenditures, finance working capital needs and for general corporate objectives.
Indian IPO market is changing the key trends in 2024 as well as what’s to come 2025
Transrail Lighting IPO: Reservation
The firm is putting aside 50 percent of the issue to accredited institutional buyers, 35% of it for retail investors, and the other 15% to non-institutional investors.
Transrail Lighting is engaged in engineering procurement, construction and engineering (EPC) services that concentrate on distribution and power transmission manufacturing and business facilities for lattice structures, conductors and Monopoles. The business is active in more than 58 nations.
It’s completed an EPC comprising 33,500 circuit kilometers of transmission lines, and 30000 circuit kilometres of distribution lines across India as well as other countries.
Axis Capital, Inga Ventures, IDBI Capital Markets & Securities as well as HDFC Bank are the issue’s lead managers for the book, and Link Intime India is the official registrar.
Transrail Lighting IPO: Financials
The company’s post-tax profits consolidated has increased by 116.79 percentage up to Rs233.21 crore for the fiscal period 2023-23. For the previous year the net profit of the company was Rs107.57 crore.
Revenue jumped 30.2 percent to reach the tune of Rs4,130 crore for FY24. This as compared with Rs3,172.03 crore in FY23.
In the initial quarter of FY25’s fiscal year, revenues and net profits were Rs929.70 million and Rs51.74 crore, respectively.
Transrail Lighting’s net value is at Rs1,140.65 million as of June 30, 2024.
Transrail Lighting is a leading engineering, procurement and construction (EPC) company that specializes in distribution and power transmission. Transrail Lighting also has integrated facilities to manufacture the construction of lattices, conductors and Monopoles. Its activities extend to more than 58 nations as well as a record of the construction of more than 33,500 miles of transmission lines, and 30000 circuit kilometres of distribution lines both international and domestically at the time of its September 30 2023.
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