Last Updated:
Unlisted shares of Transrail Lighting Ltd are presently trading at Rs 624 per share in the grey market, which is Rs 192 or 44.44 percent greater than the IPO concern cost of Rs 432. It suggests an excellent listing on December 27.
Transrail Lighting IPO: Check Allotment Status, GMP,Final Subscription Status
Transrail Lighting IPO Allotment Date, Latest GMP: The part of the Transrail Lighting IPO will certainly be settled on Tuesday, December 24. The going public of Transrail Lighting Ltd shut on Monday and obtained a general 81.98 times membership. The Transrail Lighting IPO listing will certainly happen on Friday, December 27. The most current GMP presently stands at 44.44 percent, signalling a durable listing.
The going public of Transrail Lighting Ltd, which was opened up on in between December 19 and December 23, obtained a general 81.98 times membership. The retail classification recieved a 22.62 times membership in total amount, the NII (non-institutional financiers) section obtained 78.31 times membership. Its QIB (certified institutional purchaser) classification has actually been subscribed by 197.41 times.
The cost band of the IPO was taken care of at Rs 265 to Rs 279 each.
The shares of Transrail Lighting Ltd are set up to be provided on both BSE and NSE on December 27, Friday.
The IPO part will certainly be settled on the Monday night. Once set aside, financiers will certainly get a financial institution debit message. They can likewise examine the IPO part condition on the sites of BSE and NSE, in addition to on registrar Link Intime’s website.
Transrail Lighting IPO GMP Today
According to market onlookers, unpublished shares of Transrail Lighting Ltd are presently trading at Rs 624 per share in the grey market, which is Rs 192 or 44.44 percent greater than the IPO concern cost of Rs 432. It suggests an excellent listing on December 27.
The 44.44 percent GMP is greater than the 42.82 percent grey market costs tape-recorded on the very first day of the IPO.
The GMP is based upon market beliefs and maintains transforming. ‘Grey market premium’ suggests financiers’ preparedness to pay greater than the concern cost.
Transrail Lighting IPO: How To Check Allotment Status Online?
The IPO part condition can be examined on-line by complying with these actions:
1) Go to the main BSE web site using the link–https://www.bseindia.com/investors/appli_check.aspx
2) Under ‘Issue Type’, choose ‘Equity’.
3) Under ‘Issue Name’, choose ‘Transrail Lighting Ltd’ in the dropbox.
4) Enter your application number, or the Permanent Account Number (FRYING PAN).
5) Then, click the ‘I am not a robot’ to validate on your own and strike ‘Search’ choice.
Your share application condition will certainly show up on your display.
You can likewise see straight Link Intime Ltd’s website– and examine the Transrail Lighting IPO part condition.
Transrail Lighting IPO: More Details
The firm’s IPO is a mix of a fresh concern of shares worth Rs 400 crore and an Offer- for-Sale of 1.01 crore equity shares by a marketer Ajanma Holdings Pvt Ltd.
The Rs 839-crore IPO had a rate band of Rs 410-432 per share.
Transrail Lighting Ltd has actually mobilised Rs 246 crore from support financiers.
Proceeds from the fresh concern will certainly be made use of to money step-by-step functioning resources demands, to sustain capital investment and for basic business objectives.
Transrail Lighting is among the leading Indian design, purchase and building (EPC) firms with a main concentrate on the power transmission and circulation service and incorporated production centers for latticework frameworks, conductors, and monopoles.
It has an impact in greater than 58 nations.
Inga Ventures, Axis Capital, HDFC Bank, and IDBI Capital Markets & & Securities are guide running lead supervisors to the concern.
