A naukri.com initiative
Bloomberg Quint
4d
285
Image Credit: Bloomberg Quint
Transrail Lighting IPO: Check GMP, Day 3 Subscription Status, Price Band And More
- The Transrail Lighting IPO has been subscribed 6.72 times as of Day 3 of bidding after being fully subscribed.
- The grey market premium for the Transrail Lighting IPO stood at Rs 180 as of 8:25 a.m., putting the estimated listing price at Rs 612.
- The company will offer fresh shares, along with a promoter—Ajanma Holdings Pvt.—offloading shares through the maiden public offer.
- Transrail Lighting has already carried out a pre-IPO placement worth Rs 50 crore to Volrado Venture Partners Fund IV Gamma, Shyamsundar B. Asawa, Saurabh Sanjay Agrawal, and Divyam Sanjay Agrawal, at a price of Rs 484 per share.
- The minimum bid quantity for the IPO is 34 shares, and it is open for subscription from 19th to 23rd December.
- Net proceeds from the fresh issue, excluding the Rs 50 crore pre-IPO placement, will be used to fund incrementally working capital requirements and further capital expenditure.
- Transrail Lighting is an engineering, procurement and construction company, primarily focused on transmission and distribution business.
- As of June 2024, the company has undertaken EPC projects spanning 34,654 circuit km transmission lines and 30,000 CKM distribution lines in 58 countries.
- The Indian market accounted for Rs 449.46 crore of its revenue in the June quarter, while Rs 447.44 crore came from abroad.
- Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.
Read Full Article
17 Likes
For uninterrupted reading, download the app