Transrail Lighting IPO: 8 Things Investors Should Know
HDFC securities
HDFC securities is one of the leading stock broking companies in India, and a subsidiary of HDFC Bank.
Transrail Lighting is set to launch its much-anticipated IPO, opening on December 19, 2024, and closing on December 23, 2024. This IPO offers a unique opportunity for investors to tap into India's expanding infrastructure and energy sector. With HDFC Securities, investing is now simplified.
Here's Everything You Need to Know About Transrail Lighting?
1. Strong Industry Presence: Transrail Lighting has a well-established presence in India's infrastructure and power transmission sectors.?
2. Large IPO Size: The issue size is ?838.91 crores, a substantial offering signaling investor confidence and market potential.?
3. Competitive Pricing: The price band is set between ?410 to ?432 per share, making it accessible for retail investors.?
4. Diverse Revenue Streams: The company benefits from multiple revenue verticals, including power transmission, lighting infrastructure, and EPC contracts.?
5. Growing Infrastructure Sector: India’s increasing focus on smart cities and rural electrification provides a significant growth opportunity.?
6. Healthy Promoter Holding: Promoters hold 84.5% pre-issue shares, showcasing their confidence in the company.?
7. Strong Financial Footing: With fresh capital and a focus on growth, the company’s fundamentals appear strong.?
8. Support from Reputed Managers: Book running lead managers include top firms like Axis Capital, HDFC Bank, and IDBI Capital.
About Transrail Lighting?
Transrail Lighting is a leading player in the power transmission and distribution infrastructure sectors in India. The company provides turnkey solutions across transmission lines, lighting infrastructure, and railway electrification. With decades of experience, Transrail Lighting plays a pivotal role in powering India’s growing energy and infrastructure needs.
Key Details of the IPO?
- IPO Date: December 19, 2024 to December 23, 2024?
- Price Band: ?410 to ?432 per share?
- Lot Size: 34 Shares?
- Total Issue Size: 1,94,19,259 shares (aggregating to ?838.91 Cr)
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- Fresh Issue: ?400 Cr (92,59,259 shares)?
- Offer for Sale: ?438.91 Cr (1,01,60,000 shares)?
The IPO structure ensures that retail, QIB, and HNI investors have fair access with clear allocation guidelines.
Financials of Transrail Lighting?
Transrail Lighting's robust financial performance strengthens its investment appeal.
- Assets: ?4,836.17 crore
- Revenue: ?929.70 crore
- Profit After Tax: ?51.74 crore
- Net Worth: ?1,140.65 crore
- Total Borrowing: ?603.43 crore
Objectives of the IPO?
The primary objectives of Transrail Lighting's IPO include:?
1. Incremental financing working capital requirements of the company;
2. Funding capital expenditure of the company; and
3. General corporate purposes.
Conclusion?
The Transrail Lighting IPO presents a promising investment opportunity, backed by its strong presence in India's power and infrastructure sectors. With clear growth objectives, competitive pricing, and healthy promoter backing, the company is poised for expansion. Retail investors can start bidding at an affordable entry point, making it an attractive proposition.