- By Aditya Pratap Singh
- Fri, 27 Dec 2024 10:50 AM (IST)
- Source:JND
Transrail Lighting LimitedShare Price: The shares of Transrail Lighting Limited made a strong debut on stock exchanges after its IPO received an overwhelming response from investors during the bidding period. Transrail Lighting's share price started trading at Rs 585.15 per share on BSE, while on NSE the shares were listed at Rs 590 per share. The newly listed shares of Transrail Lighting gained around 36% profit on the listing.
The listing of shares of Tranrail Lighting followed the early estimates as the shares were trading at around 35-40% premium in the unofficial market or grey market. The decent GMP and debut were pushed by heavy bidding by investors.
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Transrail Lighting IPO Subscription Status
Transrail Lighting IPO, which was opened on December 19, 2024, with a price band of Rs 410 to Rs 432 per equity share, attracted very healthy demand from investors, closing on December 23, 2024. The overall subscription of the public issue achieved an impressive 80 times in three days of bidding.
The Rs 838.91 crore IPO comprised fresh equity shares and an offer-for-sale by existing shareholders. From the total issue size, Rs 400 crore was dedicated to fresh shares and Rs 438.91 crore through the OFS route.
Transrail Lighting was given an initial robust push with anchor investors investing Rs 245.97 crore ahead of the IPO. This further reinforced its positioning as one of the notable players to have entered the Indian primary market this year.
Transrail Lighting is one of India’s leading Engineering, Procurement and Construction (EPC) companies with a primary focus on power transmission and distribution businesses and integrated manufacturing facilities for grid structures, conductors and monopoles. The company has a presence in over 58 countries.
