Last Updated:
Unlisted shares of Transrail Lighting Ltd are presently buying and selling at Rs 624 per share within the gray market, which is Rs 192 or 44.44 per cent greater than the IPO problem worth of Rs 432. It signifies a stellar itemizing on December 27.
Transrail Lighting IPO: Check Allotment Status, GMP, Final Subscription Status.
Transrail Lighting IPO Allotment Date, Latest GMP: The allotment of the Transrail Lighting IPO can be finalised on Tuesday, December 24. The preliminary public providing of Transrail Lighting Ltd closed on Monday and obtained an general 81.98 instances subscription. The Transrail Lighting IPO itemizing will happen on Friday, December 27. The newest GMP presently stands at 44.44 per cent, signalling a sturdy itemizing.
The preliminary public providing of Transrail Lighting Ltd, which was opened on between December 19 and December 23, obtained an general 81.98 instances subscription. The retail class recieved a 22.62 instances subscription in complete, the NII (non-institutional traders) portion bought 78.31 instances subscription. Its QIB (certified institutional purchaser) class has been subscribed by 197.41 instances.
The worth band of the IPO was fastened at Rs 265 to Rs 279 apiece.
The shares of Transrail Lighting Ltd are scheduled to be listed on each BSE and NSE on December 27, Friday.
The IPO allotment can be finalised on the Monday night. Once allotted, traders will obtain a financial institution debit message. They may also test the IPO allotment standing on the web sites of BSE and NSE, in addition to on registrar Link Intime’s portal.
Transrail Lighting IPO GMP Today
According to market observers, unlisted shares of Transrail Lighting Ltd are presently buying and selling at Rs 624 per share within the gray market, which is Rs 192 or 44.44 per cent greater than the IPO problem worth of Rs 432. It signifies a stellar itemizing on December 27.
The 44.44 per cent GMP is greater than the 42.82 per cent gray market premium recorded on the primary day of the IPO.
The GMP relies on market sentiments and retains altering. ‘Grey market premium’ signifies traders’ readiness to pay greater than the difficulty worth.
Transrail Lighting IPO: How To Check Allotment Status Online?
The IPO allotment standing will be checked on-line by following these steps:
1) Go to the official BSE web site through the URL —https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, choose ‘Equity’.
3) Under ‘Issue Name’, choose ‘Transrail Lighting Ltd’ within the dropbox.
4) Enter your software quantity, or the Permanent Account Number (PAN).
5) Then, click on on the ‘I’m not a robotic’ to confirm your self and hit ‘Search’ possibility.
Your share software standing will seem in your display screen.
You may also go to direct Link Intime Ltd’s portal — https://www.linkintime.co.in/Initial_Offer/public-issues.html and test the Transrail Lighting IPO allotment standing.
Transrail Lighting IPO: More Details
The firm’s IPO is a mixture of a recent problem of shares value Rs 400 crore and an Offer-for-Sale of 1.01 crore fairness shares by a promoter Ajanma Holdings Pvt Ltd.
The Rs 839-crore IPO had a worth band of Rs 410-432 per share.
Transrail Lighting Ltd has mobilised Rs 246 crore from anchor traders.
Proceeds from the recent problem can be used to fund incremental working capital necessities, to help capital expenditure and for normal company functions.
Transrail Lighting is among the main Indian engineering, procurement and building (EPC) corporations with a major give attention to the ability transmission and distribution enterprise and built-in manufacturing amenities for lattice constructions, conductors, and monopoles.
It has a footprint in additional than 58 international locations.
Inga Ventures, Axis Capital, HDFC Bank, and IDBI Capital Markets & Securities are the guide working lead managers to the difficulty.
