Transrail Lighting IPO is a main-board IPO of 19419259 equity shares of the face value of ₹ 2 aggregating up to ₹ 838.91 Crores. The issue is priced at ₹410 to ₹432 per share. The minimum order quantity is 34. The IPO opens on December 19, 2024, and closes on December 23, 2024.

Transrail Lighting IPO: Key Dates

Closing Date: December 23 (Monday)

Allotment Finalisation: December 24

Listing on BSE and NSE: December 27 (Friday)

Transrail Lighting IPO: More Details

The Rs 839-crore Transrail Lighting IPO is available for public subscription from December 19 to December 23. The price band has been set at Rs 410-432 per share.

It 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 Ltd. Currently, Ajanma Holdings holds 83.22 per cent stake in the Mumbai-based company.

At the upper end of the price band, the IPO size has been pegged at Rs 839 crore and a market capitalisation of nearly Rs 5,600 crore.

Transrail Lighting Ltd has mobilised Rs 246 crore from anchor investors including ICICI Prudential Mutual Fund and Tata Mutual Fund. Apart from these, Winro Commercial (India) Ltd, Bengal Finance and Investments, SBI General Insurance Company and LIC Mutual Fund are the top anchor investors, according to a circular uploaded on BSE’s website.