The unlisted shares of Transrail Lighting Ltd are currently trading at Rs 624 per share in the gray market, which is Rs 192 or 44.44% higher than the IPO issue price of Rs 432. This marks a wonderful listing on December 27.
Transrail Lighting IPO: Check Allotment Status, GMP, Final Subscription Status
Transrail Lighting IPO Allotment Date, Latest GMP: The allotment of Transrail Lighting IPO will be finalized on Tuesday, December 24. The initial public offer of Transrail Lighting Ltd closed on Monday and received an aggregate subscription of 81.98 times. The Transrail Lighting IPO will be listed on Friday, December 27.
The initial public offer of Transrail Lighting Limited, which was opened between December 19 and December 23, was grossly subscribed 81.98 times. The retail category received an overall subscription of 22.62 times, the NII (non-institutional investors) segment received a subscription of 78.31 times. Its QIB (Qualified Institutional Buyer) category has been subscribed 197.41 times.
The price band of the IPO was fixed at Rs 265 to Rs 279 per piece.
Shares of Transrail Lighting Limited are scheduled to be listed on both BSE and NSE on Friday, December 27.
The allotment of the IPO will be finalized on Monday evening. After allotment, investors will receive a bank debit message. They can also check the IPO allotment status on the BSE and NSE websites as well as on Registrar Link Intime’s portal.
Transrail Lighting IPO GMP Today
According to market observers, the unlisted shares of Transrail Lighting Ltd are currently trading at Rs 624 per share in the gray market, which is Rs 192 or 44.44% higher than the IPO issue price of Rs 432. This marks the outstanding listing on December 27. .
The GMP of 44.44 percent is higher than the gray market premium of 42.82 percent recorded on the first day of the IPO.
GMP is based on market sentiment and changes. The ‘grey market premium’ indicates the willingness of investors to pay more than the issue price.
Transrail Lighting IPO: How to Check Allotment Status Online?
IPO allotment status can be checked online by following these steps:
1) Visit BSE official website via 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 drop box.
4) Enter your Application Number, or Permanent Account Number (PAN).
5) Then, click on ‘I am not a robot’ to confirm yourself and press ‘Search’ option.
The status of your share request will be displayed on your screen.
You can also visit the portal of Direct Link in Time Limited. https://www.linkintime.co.in/Initial_Offer/public-issues.html And Check 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 Private Limited.
The Rs 839 crore IPO was priced at Rs 410-432 per share.
Transrail Lighting Limited has raised Rs 246 crore from anchor investors.
The proceeds from the fresh issue will be used to meet increasing working capital requirements, capital expenditure and general corporate purposes.
Transrail Lighting is one of the leading Indian Engineering, Procurement and Construction (EPC) companies with a core focus on power transmission and distribution business and integrated manufacturing facilities for grid structures, conductors and monopoles.
It has footprints in more than 58 countries.
Inga Ventures, Axis Capital, HDFC Bank, and IDBI Capital Markets & Securities are the book running lead managers for the issue.