Transrail Lighting Ltd IPO
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Transrail Lighting Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 194.19 L | ₹ 101.6 L | ₹ 66.43 L | ₹ 1,056.38 L | BSE | ₹ 838.91 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 19 Dec, 24 | 23 Dec, 24 | 34 | ₹ 13,940 | Book Building | 27 Dec, 24 |
Transrail Lighting Ltd IPO Dates
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 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Transrail Lighting Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 4,009.23 | 3,086.14 | 2,284.14 |
| EBITDA | 419.81 | 241.69 | 167.59 |
| PAT | 234.66 | 109.40 | 66.45 |
| Total Assets | 4,124.34 | 2,924.36 | 2,374.01 |
| Share Capital | 24.79 | 22.80 | 22.71 |
| Total Borrowings | 3,025.17 | 2,380.10 | 1,792.29 |
| Operating Activities (Net Cash) | 284.80 | 155.18 | 104.29 |
| Investing Activities (Net Cash) | -0.23 | -0.23 | -13.40 |
| Financing Activities (Net Cash) | 3,025.17 | 2,380.10 | 1,792.29 |
| Net Cashflow | 223.41 | 193.28 | 108.09 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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.
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.
Peer Comparison:
- K E C International Ltd
- Kalpataru Projects International Ltd
- Skipper Ltd
- Patel Engineering Ltd
- Bajel Projects Ltd
Transrail Lighting Ltd IPO 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.
- 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.
How To Apply for Transrail Lighting Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
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.
