Transrail Lighting IPO Allotment On December 24: How To Check Status Online? GMP Hints At 44% Premium Listing

Transrail Lighting IPO Allotment: The Rs 838.91 crore IPO has received an oversubscription of a whopping 80.80 times on the final day of its bidding. Following this, the basis of allotment of the IPO will take place on Tuesday, December 24, 2024. The latest grey market premium (GMP) signalled at over 44% premium listing on BSE and NSE for Transrail Lighting.

Transrail Lighting IPO Allotment:

Investors can check the allotment status through online modes such as BSE, NSE and registrar of the IPO, Link Intime.

To Check Allotment Status On Link Intime, Click On The Link Below:

https://linkintime.co.in/initial_offer/public-issues.html

Step 1: After opening the link, you will be directed to the main allotment page of Link Intime Private Limited. Select "Transrail Lighting Limited" in the company option.

Step 2: Enter either PAN card number, Application number, DP/Client ID, Account Number or IFSC details to review your application.

Step 2: Click Submit.

To Check The Allotment Status Via BSE, Click On The Link Below:

https://www.bseindia.com/investors/appli_check.aspx

Step 1: After the link opens, select the issue type for the IPO. In the case of Transrail Lighting IPO, the issue type is 'Equity'.

Step 2: Enter the company name Transrail Lighting Limited in the 'Issue Name' option.

Step 3: Enter either the Application Number or PAN card to review the application. And Click Search.

Transrail Lighting IPO GMP Today:

As per Investor Grain, Transrail Lighting IPO's last GMP is Rs 192, last updated Dec 24th 2024 05:04 AM. With a price band of 432.00, Transrail Lighting IPO's estimated listing price is Rs 624 (cap price + today's GMP). The expected percentage gain/loss per share is 44.44%.

Transrail Lighting IPO Listing Date:

After the allotment of basis, Transrail Lighting IPO will either initiate a refund or credit shares in the demat account of eligible shareholders on December 26th. Following this, the listing will take place on December 27th.

Transrail Lighting IPO Subscriptions:

The final day to subscribe to the IPO was on December 23. After market hours, the IPO subscribed by a whopping 80.80 times with bids of 1,12,44,40,452 equity shares against its offered size of 1,39,16,742 equity shares.

Among the bidders, qualified institutional buyers were top subscribers with the portion oversubscribing by 201.06x, while the Non Institutional Investors and Retail Individual Investors portion subscribed by 76.41x and 22.07x respectively.

Transrail Lighting IPO Details:

The 100% book-building IPO opened on December 19 and ended on December 23rd for subscription. The price band for the IPO was fixed at Rs 410 to Rs 432 per share having a face value of Re 1 each.

Proceeds from the IPO are going to be used by Transrail for incremental financing working capital requirements, funding capital expenditure, and general corporate purposes.

About Transrail Lighting Limited:

Transrail is one of the leading Indian engineering, procurement and construction companies with integrated manufacturing facilities for lattice structures, conductors, and monopoles and with over four decades of experience in providing comprehensive solutions on a turnkey basis globally. The company has a track record of more than four decades and has been a trusted and longstanding partner in the sector. Its business is divided into four verticals, namely (i) power transmission and distribution (including substations), (ii) civil construction, (iii) poles and lighting, and (iv) railways.