Transrail Lighting IPO will open on December 19, 2024, and close on December 23, 2024. Transrail Lighting, incorporated in 2008, is an EPC (Engineering, Procurement, and Construction) company that provides comprehensive solutions in the power transmission and distribution sector. In this blog, we’ve covered all the Transrail Lighting IPO details, including the listing date, financials, and competitor analysis.
Transrail Lighting IPO Date 2024
The key pointers for the Transrail Lighting IPO date are:
- Bidding Opening Date: December 19, 2024
- Bidding Closing Date: December 23, 2024
- Basis of Allotment Date: December 24, 2024
- Initiation of Refunds (in case of less or no allotment): December 26, 2024
- Shares Credited to Your Demat Account: December 26, 2024
- IPO Listing Date: December 27, 2024
- Listing on Exchange: NSE and BSE
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Transrail Lighting IPO Details
Transrail Lighting IPO includes both the fresh issue and offer for sale component.
Here are the key details of Transrail Lighting Limited IPO:
- IPO Price Band: NA
- Face Value: ₹2 per share
- Transrail Lighting IPO Lot Size: NA
- Fresh Issue Size and Amount: Shares valued at ₹400 crores
- Offer for Sale and Amount: 1,01,60,000 shares of face value of ₹2
Transrail Lighting IPO Proceeds Usage
Transrail Lighting Limited IPO proceeds will be used for different purposes:
- To fund incremental working capital requirements
- To cover capital expenditure
- For other general corporate requirements
Transrail Lighting IPO Reservations
Transrail Lighting IPO reservations to different investors are:
- For QIBs: Not more than 50% of the net offer
- For NIIs: Not less than 15% of the net offer
- For Retail Investors: Not less than 35% of the net offer
- Transrail Lighting IPO shareholder quota: There is no shareholder quota in this IPO.
Transrail Lighting IPO: Promoter Holding
The current promoters of Transrail Lighting Limited are:
- Ajanma Holdings Private Limited
- Digambar Chunnilal Bagde
- Sanjay Kumar Verma
Ajanma Holdings Private Limited is the promoter selling shareholder in Transrail Lighting IPO.
Transrail Lighting Limited: Company Overview
Transrail Lighting Limited has completed more than 200 projects in the power transmission and distribution vertical as of June 30, 2024. It has integrated manufacturing facilities for lattice structures, conductors, and monopoles. The company has a footprint in 58 countries across India, Asia, and Africa for executing turnkey EPC and supply projects.
The key strengths of the company are its great track record in the power transmission and distribution sector, established manufacturing units, healthy order book, and experienced team of promoters. The company is mainly present in four businesses: power transmission and distribution, civil construction, poles and lighting, and railways.
Transrail Lighting IPO: Financial Performance
Transrail Lighting Limited’s key financials and performance indicators for different periods are as follows:
| Particulars | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | YoY Change (%) |
|---|---|---|---|---|
| Revenue | 929.70 | 4,130.00 | 3,172.03 | 30% |
| Profit After Tax | 51.74 | 233.21 | 107.57 | 117% |
| Assets | 4,836.17 | 4,620.61 | 3,445.49 | 34% |
| Total Borrowing | 603.43 | 643.19 | 604.92 | 6% |
| EBITDA | 120.11 | 477.56 | 293.94 | 62% |
| Order Book | 10,213.07 | 10,100.47 | 9,619.28 | 5% |
*(in ₹ crores)
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- In FY24, Transrail Lighting Limited revenue and PAT grew by 30% YoY and 117% YoY, respectively.
- Assets also increased by 34% from FY23 to FY24 while total borrowing rose by 6% YoY.
- In FY24, EBITDA of Transrail Lighting increased by 62% on a year-on-year basis.
- The order book of the company posted a stable growth of 5% YoY in FY24.
Transrail Lighting IPO: Competitor Analysis
Transrail Lighting Limited’s key ratios in comparison to its peers in the EPC industry are as follows:
| Company Name | EPS (Basic) (₹) | RoNW (%) | EBITDA Margin (%) | Debt-Equity Ratio | ROCE (%) |
|---|---|---|---|---|---|
| Transrail Lighting Limited | ₹19.59 | 21.68% | 11.71% | 0.56 | 24.33% |
| KEC International Limited | ₹13.49 | 8.50% | 6.10% | 0.83 | 23.90% |
| Kalpataru Projects International Limited | ₹31.76 | 10.00% | 8.30% | 0.63 | 16.80% |
| Skipper Limited | ₹7.66 | 9.10% | 9.90% | 0.49 | 20.30% |
| Patel Engineering Limited | ₹3.64 | 9.56% | 17.10% | 0.49 | 15.40% |
*(For FY24 ending)
- Transrail Lighting Limited’s EPS is the second-best amongst its peers while its Return on Net Worth (RoNW) is the highest.
- EBITDA Margin is more than 10% which is a sign of great performance in terms of profitability and efficiency.
- The debt-to-equity ratio is less than 1 which means the company is relying less on debt and funding its business with equity.
- ROCE is the highest amongst the peers highlighting the great returns on capital employed.
Risk Factors in Transrail Lighting IPO
Transrail Lighting IPO GMP is nil as of December 13, 2024. However, GMP is not the only criterion to bid for an IPO.
The company is exposed to various risk factors which can eventually affect the business and investor’s perception:
- The risk of cancellation or delay in the order book may affect the business, operations, and financial condition.
- The project management and turnkey EPC projects are subject to time overruns which can increase the total cost leading to a fall in revenues.
- Revenues are heavily dependent on the tenders secured from PSUs and government agencies.
- The fluctuation in currency exchange rate can impact the cost of raw materials procured and income generated from foreign projects.
- Accounts were inspected by the Ministry of Corporate Affairs in the past and any regulatory actions can impact the reputation.
- Any slowdown or stoppage in the manufacturing units can affect the operations and financial performance.
Transrail Lighting IPO Contact Information
For inquiries related to the Transrail Lighting IPO details, you can contact at the following places:
Registered Office Address: 501, A,B,C,E Fortune 2000, Block G Bandra Kurla Complex, Bandra East Mumbai, Maharashtra 400 051 India
Email: cs@transraillighting.com
Company Website: http://www.transrail.in/
Transrail Lighting IPO Registrar Details:
Registrar Name: Link Intime India Private Limited
Phone: 91 810 811 4949
Email: transraillighting.ipo@linkintime.co.in
For all the insights on Transrail Lighting IPO and detailed expert advice, you can download the SMC ACE App or visit the SMC telegram channels. Take smart decisions and apply for this IPO easily on the SMC ACE App by opening demat account now.
FAQs
1. Is Transrail Lighting Limited listed?
Transrail Lighting Limited (mainboard IPO) will be listed on NSE and BSE on December 27, 2024.
2. What is the size of Transrail IPO?
The issue size of Transrail Lighting IPO includes the fresh issue of shares worth ₹400 crores and an offer for sale of 1.016 crores shares.
3. Who is the CEO of Transrail Lighting Limited?
Randeep Narang is the Managing Director and CEO of Transrail Lighting Limited having an experience of around 35 years in the power transmission and distribution sector.
References:
https://www.sebi.gov.in/filings/public-issues/dec-2024/transrail-lighting-limited-rhp_89478.html
SMC Global Securities Research Team
Author: All Content is verified by SMC Global Securities.
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