How To Check Transrail Lighting IPO Allotment Status; Get Latest GMP Ahead Of Listing On Dec. 27
The grey market premium of the Transrail Lighting IPO was Rs 192 as of 8:25 a.m. on Dec. 24.
The share allotment of Transrail Lighting Ltd. is set to be finalised on Tuesday, a day after the initial public offering witnessed a strong demand from investors. The IPO was booked 80.80 times on the back of demand from qualified institutional investors, NSE data showed.
In total, investors applied for 1,12,44,40,452 shares against the 1,39,16,742 shares put on offer for the mainboard IPO.
Retail investors booked their quota by 22.07 times. Non-institutional investors (NIIs) subscribed to their quota 76.41 times, while the issue was booked 201.06 times in the qualified institutional buyers (QIB) category. The employee quota was overbooked 4.07 times
The Rs 838.91-crore Transrail Lighting IPO is a combination of a fresh issue of 93 lakh shares worth Rs 400 crore and an offer for sale of 1.02 crore shares totalling Rs 438.91 crore.
The listing of the mainboard issue, which was open from Dec. 19 to Dec. 23, is likely to be done on Dec. 27.
Inga Ventures, Axis Capital, HDFC Bank, and IDBI Capital Markets & Securities are the book-running lead managers to the issue.
Investors who have applied for Transrail Lighting IPO shares will now look for their share allotment status. Here is how to check on BSE, NSE and the registrar Link Intime India's websites.
How To Check Transrail Lighting IPO Allotment Status On BSE
Visit the IPO allotment page on the BSE website here.
Select 'Equity' as your Issue Type.
Choose 'Transrail Lighting Limited' from the dropdown menu.
Enter your application number or PAN.
Clear the 'Captcha'.
Click on Search to check allotment.
How To Check Transrail Lighting IPO Allotment Status On Link Intime
Visit the IPO allotment page on Link Intime India here.
From the dropdown menu, select 'Transrail Lighting Limited' from the list of companies.
Choose from PAN, Application Number, DP/Client ID or Account Number/IFSC to view your allotment status
Enter the required details based on your selection
Hit 'Submit' to check the allotment status
Transrail Lighting IPO GMP Today
The grey market premium of the Transrail Lighting IPO was Rs 192 as of 8:25 a.m. on Dec. 24, indicating a listing gain of 44.44%, with the listing price being Rs 624 apiece -- according to InvestorGain.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
Use Of Proceeds
Transrail Lighting will use the proceeds from the fresh issue of the IPO to fund working capital requirements, capital expenditure and general corporate purposes.
About Transrail Lighting Ltd.
Founded in February 2008, Transrail Lighting Limited is an engineering and construction company specialising in power transmission and distribution, as well as the manufacturing of lattice structures, conductors, and monopoles.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
