IPO (initial public offering) of Transrail Lighting, engineering and construction company in the power transmission and distribution space, has been concluded after a three-day bidding period on Monday, December 23, 2024. The company has finalized the allotment now. The IPO saw a great overall subscription, reaching 80.80 times the available shares on the third day.
- Qualified Institutional Bidders (QIBs): 201.06 times.
- Non-institutional investors (NIIs): 76.41 times.
- Retail investors: 22.07 times their allotted quota.
- Employees’ Category: 4.07 times.
The company’s IPO started on December 19, 2024, and concluded on December 23, 2024. The company aimed to raise Rs 838.91 crores from this share sale. The company offered 1.39 crore shares for sale, with a price band of Rs 410 to Rs 432 apiece.
Transrail Lighting IPO: GMP
In the grey market, Transrail Lighting’s shares maintained a premium of Rs 192. Furthermore, this suggests a potential listing price of Rs 624, representing a significant 45% premium from the IPO price of Rs 432.
Steps To Check Share Allotment Status
Registrar’s Website
- Go on to the site on Link Intime India: https://linkintime.co.in/Initial_Offer/public-issues.html.
Choose ‘Transrail Lighting’ from the dropdown menu. - Provide your PAN, application number, or DP client ID details.
- Submit and see the allotment status.
BSE Website
- Dive into the IPO allotment page on the BSE website.
- Select the issue type as ‘Equity’.
- From the dropdown menu, choose ‘Transrail Lighting’.
- Enter your application number or PAN (Permanent Account Number).
- Enter the ‘Captcha’.
- Tab on the ‘Search’ option to view the allotment status.
NSE Website
- Go onto the NSE’s website.
- Log in with your User ID and password, if registered, or register yourself.
- Select ‘Transrail Lighting’ from the IPO names menu.
- To check the allotment status, investors have to enter their IPO Application number and other required details.
- Tab on the Submit button to view the allotment status.
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