Key Financial Metrics of Transrail Lighting.
Revenue from operations (₹ crore) for Q1FY25FY24FY23FY22.3086.14 2284.14 4009.23 896.90 are Transrail Lighting’s main financial indicators. Revenue from Other Operations (cr)A profit of 67.29 66.02 65.87 18.88 (in Indian rupees) EPS (₹) Basic: 51.74 233.21 107.57 64.71 4.17 19.59 9.45 11.62
(Note: Q1FY25 EPS is not annualized.)
Source: RHP
Transrail Lighting’s IPO: Fund Utilization.
The Mumbai-based company intends to raise 400 crores with the new offering, and 438.91 crores would go to the selling promoter. In addition to the ₹50 crore pre-IPO placement, the net proceeds from the new offering would be utilized to pay for other working capital requirements.An initial public offering (IPO) will be used to issue shares by an EPC business that handles power transmission and distribution. This offering comprises the sale of shares held by its promoter, Anjumah Holdings Private Limited, in addition to the issuance of fresh shares. The company has already secured a pre-IPO placement of ₹50 crores with investors including Shyamsundar B. Asawa, Saurabh Sanjay Agarwal, Divyam Sanjay Agarwal, and Volrado Venture Partners Fund IV Gamma.
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About Transrail Lighting.
With an emphasis on the transmission and distribution sector, Transrail Lighting is a construction, engineering, and procurement company. It operates integrated production facilities for forged structures, monopoles, and conductors. The company has completed 200 projects successfully in its forty years of operation and provides comprehensive solutions to significant players in the global sector.
GMP of Transrail Lighting IPO.
As of Monday at 8:25 AM, the Grey Market Premium (GMP) for Transrail Lighting’s IPO was ₹180… This amounts to 41.67% more than the IPO price, or an expected listing price of ₹612. (Note: GMP is purely speculative and not an official price indicator.)
Subscription Data for Transrail Lighting IPO.
The IPO has received strong interest from all three investment groups, with a total subscription of 9.13 times so far.
For non-institutional investors (NIIs), 19.03 times
9.62% of individual investors
The number of qualified institutional buyers (QIBs) is 1.40 times greater.
Should You Apply for the Transrail Lighting IPO?.
The IPO is categorized as “Subscribe – Long Term,” according to stock firm Anand Rathi, which cites the need for transmission and distribution (T&D) lines due to government initiatives and the growing demand for electricity. The company is well-positioned to manage multiple global projects and offer T&D goods. According to analysts, the pricing seem reasonable.
At the upper price range, the company is worth 24.8 times its FY24 EPS, and following the issuance of stock, its market capitalization is ₹57,998.6 million. The market cap-to-sales ratio is 1.4 based on FY24 statistics. The ₹400 crore obtained from the new offer would be used to finance working capital needs, capital expenditures, and overall business goals.
The initial public offering (IPO) is expected to begin on December 23, 2024, and shares are expected to list on Friday, December 27, 2024.
Stocks at 52-Week Lows as of December 23, 2024.
Among the equities that have dropped to their 52-week lows today are Rajratan Global, Berger Paints India, AIA Engineering, Indian Railway Catering and Tourism Corporation (IRCTC), and Relaxo Footwears.
Market Performance:
The Nifty 50 was up 124.65 points, or 0.53%, at 10:12:40 IST.
Sensex: Up 635.84 points, or 0.81%.
Bank Nifty: Up 436.9 points, or 0.86%.
Other stocks reached 52-week highs today, including GE T&D India, Pearl Global Industries, BSL, Aar Aar Industries, and Zen Technologies.
HDFC Bank, AU Small Finance Bank, ICICI Bank, Federal Bank, and Axis Bank are among the top gainers in the BSE Sensex Index and Bank Nifty Index, while Bank of Baroda, Punjab National Bank, and Canara Bank are among the top performers.
