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Transrail Lighting Ltd IPO

We are an Indian engineering, procurement and construction (EPC) company. Our Company primarily focuses on power transmission and distribution business and integrated manufacturing facilities for lattice structures, conductors, and monopoles. We have a track record of four decades in providing comprehensive solutions in the power transmission and distribution sector, on a turnkey basis globally and have been a trusted and longstanding partner.We have completed more than 200 projects in power transmission and distribution verticalsince our inception, along with comprehensive and extensive project execution capabilities in terms of manpower, supply of materials (including self-manufactured products) and availability of world class machinery, both in India and internationally (majorly across Asia and Africa). Our business is divided into four verticals, namely (i) power transmission and distribution, (ii) civil construction, (iii) poles and lighting, and (iv) railways.

Transrail Lighting Ltd IPO Details

Total Shares Offered

₹ 1,94,19,258

Offer to Public

1,01,60,000

Retail Max (Shares)

₹ 66,42,805

Pre Issue Promoters Holding

₹ 10,56,38,484

Exchange

BSE

Issue size

₹ 838.91 Cr

IPO Open Date

Dec 19, 2024

Close Date

Dec 23, 2024

Lot Size

Min Investment

₹ 13,940

Issue Type

Book Building

Listing Date

Dec 27, 2024

Transrail Lighting Ltd IPO Dates

Dec 19, 2024

Opening date

Dec 23, 2024

Closing date

Dec 24, 2024

Basis of Allotment

Dec 26, 2024

Initiation of Refunds

Dec 26, 2024

Credit of Shares

Dec 27, 2024

Listing date

Details

Sector	Type
Sector	Engineering - Turnkey Services
Sub Sector	NA
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	78.96x	9489722	749350922
NII	78.31x	2846917	222951192
Retail	22.62x	6642805	150251712
Employee	4.29x	439815	1886626
Total	57.9x	19419258	1124440452

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

78.96x

78.31x

22.62x

4.29x

57.9x

9489722

2846917

6642805

439815

19419258

749350922

222951192

150251712

1886626

1124440452

Transrail Lighting Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	5,212.24	4,009.23	3,086.14
EBITDA	587.22	419.81	241.69
PAT	334.34	234.66	109.40
Total Assets	5,552.17	4,124.34	2,924.36
Share Capital	26.85	24.79	22.80
Total Borrowings	3,629.45	3,000.16	2,380.10
Operating Activities (Net Cash)	390.58	284.80	155.18
Investing Activities (Net Cash)	-10.02	-0.23	-0.23
Financing Activities (Net Cash)	3,629.45	3,000.16	2,380.10
Net Cashflow	619.63	223.41	193.28

About Transrail Lighting Ltd

Our Company was originally incorporated as `Transrail Lighting Limited' at Mumbai, Maharashtra as a public limited company under the Companies Act, 1956, pursuant to the certificate of incorporation dated February 18, 2008, issued by RoC and commenced operations pursuant to a certificate of commencement of business dated March 14, 2008.

The power transmission and distribution system across India has expanded extensively. The total length of domestic transmission lines rose from 413,407 CKM in Financial Year ended March 31, 2019 to 485,544 CKM in Financial Year ended March 31, 2024. Further, India has the second-largest road network in the world, spanning 6.30 million KM. Large highways/ expressways are the key demand drivers for the high mast lighting in India. With more than 20 expressways planned across the country and with award of approximately 5,000 KM of highways every year in the next five Financial Years, the demand for high masts is expected to be supported by road segment.

Peer Comparison:

K E C International Ltd
Kalpataru Projects International Ltd
Skipper Ltd
Patel Engineering Ltd
Bajel Projects Ltd

Transrail Lighting Ltd Key Points

Strengths

Track record of established presence and growth in power transmission and distribution vertical through our implementation and execution skills.

Established manufacturing facilities.

Strong and diversified Order Book.

Strong in-house designing and engineering.

Experienced promoter(s) with strong management team, technical expertise and business divisions with specialized domain knowledge.

Risk

The company Order Book is subject to cancellation, modification or delay which may materially and adversely affect its business, future prospects, reputation, financial condition and results of operation.

Since its project management and turnkey EPC contracts (including those for power transmission and distribution), have long execution periods and time overruns, project related estimated costs and revenue estimates may vary from the actual costs incurred and actual revenues generated which may adversely affect its business, financial condition, results of operations and future prospects.

The company's business is substantially dependent on tenders being floated by government authorities, public sector undertakings and utilities, from which the company derive a significant portion of its revenues, i.e. approximately 70% of the company revenue from operations for the three months period ended June 30, 2024 and approximately 82% for its average revenue from operations for the Financial Years ended March 31, 2024, March 31, 2023 and March 31, 2022. Any delays in tenders released or no tenders released by such entities may have a material adverse effect on its business and results of operations.

Strategy

Leverage our technical expertise, specialized domain knowledge and experience to expand our core competencies in power transmission and distribution segment, both domestic and international.

Expand our EPC portfolio into other allied/ ancillary infrastructure sectors.

Focusing on expanding the market for our conductors and to leverage our new age HTLS conductors.

Expanding our international business.

Enhancing the Company's pole and lighting business in various product categories.

How To Apply for Transrail Lighting Ltd IPO Online?

Step 1:

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From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Transrail Lighting Ltd IPO?

Transrail Lighting Ltd's IPO offers shares for up to 400 It begins on Dec 19, 2024 and ends on Dec 23, 2024.

What is the price of the Transrail Lighting Ltd IPO?

The price of Transrail Lighting Ltd IPO ranges between ₹410 to ₹432 per share.

What are the open and close dates for the Transrail Lighting Ltd IPO?

The Transrail Lighting Ltd IPO opens on Dec 19, 2024 and closes on Dec 23, 2024.

When will the Transrail Lighting Ltd IPO be allotted?

The allotment for the Transrail Lighting Ltd IPO will be finalised on Dec 24, 2024. The shares will be listed on BSE and NSE on Dec 27, 2024.

What is the minimum lot size required for Transrail Lighting Ltd IPO?

The minimum lot size for Transrail Lighting Ltd IPO is 34 shares, priced between ₹410 to ₹432 per share.

What is the GMP of Transrail Lighting Ltd IPO?

The GMP (Grey Market Premium) of Transrail Lighting Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Transrail Lighting Ltd IPO?

To check the allotment status of Transrail Lighting Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Transrail Lighting Ltd IPO getting listed?

The Transrail Lighting Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Dec 19, 2024, and closes on Dec 23, 2024. The allotment is finalised on Dec 24, 2024.

How do you apply for the Transrail Lighting Ltd IPO?

To apply for the Transrail Lighting Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.