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Unlisted shares of Transrail Lighting Ltd are currently trading at Rs 624 per share in the grey market, which is Rs 192 or 44.44 per cent higher than the IPO issue price of Rs 432. It indicates a stellar listing on December 27.
Transrail Lighting IPO: Check Allotment Status, GMP, Final Subscription Status.
Transrail Lighting IPO Allotment Date, Latest GMP: The allotment of the Transrail Lighting IPO will be finalised on Tuesday, December 24. The initial public offering of Transrail Lighting Ltd closed on Monday and received an overall 81.98 times subscription. The Transrail Lighting IPO listing will take place on Friday, December 27. The latest GMP currently stands at 44.44 per cent, signalling a robust listing.
The initial public offering of Transrail Lighting Ltd, which was opened on between December 19 and December 23, received an overall 81.98 times subscription. The retail category recieved a 22.62 times subscription in total, the NII (non-institutional investors) portion got 78.31 times subscription. Its QIB (qualified institutional buyer) category has been subscribed by 197.41 times.
The price band of the IPO was fixed at Rs 265 to Rs 279 apiece.
The shares of Transrail Lighting Ltd are scheduled to be listed on both BSE and NSE on December 27, Friday.
The IPO allotment will be finalised on the Monday evening. Once allotted, investors will receive a bank debit message. They can also check the IPO allotment status on the websites of BSE and NSE, as well as on registrar Link Intime’s portal.
Transrail Lighting IPO GMP Today
According to market observers, unlisted shares of Transrail Lighting Ltd are currently trading at Rs 624 per share in the grey market, which is Rs 192 or 44.44 per cent higher than the IPO issue price of Rs 432. It indicates a stellar listing on December 27.
The 44.44 per cent GMP is higher than the 42.82 per cent grey market premium recorded on the first day of the IPO.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Transrail Lighting IPO: How To Check Allotment Status Online?
The IPO allotment status can be checked online by following these steps:
1) Go to the official BSE website via the URL —https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Under ‘Issue Name’, select ‘Transrail Lighting Ltd’ in the dropbox.
4) Enter your application number, or the Permanent Account Number (PAN).
5) Then, click on the ‘I am not a robot’ to verify yourself and hit ‘Search’ option.
Your share application status will appear on your screen.
You can also visit direct Link Intime Ltd’s portal — and check the Transrail Lighting IPO allotment status.
Transrail Lighting IPO: More Details
The company’s IPO is a combination of a fresh issue of shares worth Rs 400 crore and an Offer-for-Sale of 1.01 crore equity shares by a promoter Ajanma Holdings Pvt Ltd.
The Rs 839-crore IPO had a price band of Rs 410-432 per share.
Transrail Lighting Ltd has mobilised Rs 246 crore from anchor investors.
Proceeds from the fresh issue will be used to fund incremental working capital requirements, to support capital expenditure and for general corporate purposes.
Transrail Lighting is one of the leading Indian engineering, procurement and construction (EPC) companies with a primary focus on the power transmission and distribution business and integrated manufacturing facilities for lattice structures, conductors, and monopoles.
It has a footprint in more than 58 countries.
Inga Ventures, Axis Capital, HDFC Bank, and IDBI Capital Markets & Securities are the book running lead managers to the issue.
