The much-awaited Transrail Lighting Initial Public Offering (IPO) is making headlines as its allotment status is set to be finalized today, December 24, 2024. Investors who participated in this IPO are eager to check their allotment status and understand the possible listing price. Here’s a complete guide to keep you informed.
Transrail Lighting IPO Details
| Particulars | Details |
|---|---|
| IPO Date | December 19 to December 23, 2024 |
| Price Band | Rs 410–Rs 432 per share |
| Lot Size | 34 shares |
| Total Issue Size | Rs 838 crore |
| Oversubscription | 80.80 times |
Subscription Highlights
The IPO received an overwhelming response across all investor categories:
| Category | Subscription Times |
|---|---|
| Qualified Institutional Buyers (QIBs) | 201.06 times |
| Non-Institutional Investors (NIIs) | 76.41 times |
| Retail Individual Investors (RIIs) | 22.07 times |
How to Check IPO Allotment Status
Once the allotment is finalized, you can check your status online through these platforms:
1. BSE Website
- Visit: https://www.bseindia.com/investors/appli_check.aspx
- Select “Equity” under the “Issue Type” dropdown.
- Choose “Transrail Lighting Ltd.” from the list.
- Enter your application number or PAN and verify the captcha.
- Click “Search” to view your allotment.
2. Link Intime India Website
- Visit: https://linkintime.co.in/initial_offer/public-issues.html
- Select “Public Issues” under “Investor Services.”
- Choose “Transrail Lighting Ltd.” from the dropdown.
- Provide the required details (PAN, application number, DP/Client ID, or account number/IFSC).
- Click “Submit” to check your status.
Grey Market Premium (GMP) and Listing Expectations
As per the latest trends in the grey market, shares of Transrail Lighting are trading at Rs 624, reflecting a premium of Rs 192 (44.44%) over the upper IPO price band of Rs 432. This indicates that the stock might list at approximately Rs 624, offering a significant return to investors. However, GMP trends are speculative and may not always reflect the actual listing performance.
Important Dates
| Event | Date |
|---|---|
| Allotment Finalization | December 24, 2024 |
| Refunds for Unsuccessful Bids | December 26, 2024 |
| Listing Date | December 27, 2024 |
About Transrail Lighting
Transrail Lighting is a leading engineering, procurement, and construction (EPC) company specializing in power transmission, distribution, and railway projects. With over 200 completed projects across 58 countries, the company operates four manufacturing units in India. As of June 2024, it employed 114 design and engineering professionals.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. FinGuys.in and its authors are not SEBI-registered analysts. Please consult a financial advisor before making any investment decisions. FinGuys.in will not be responsible for any financial losses incurred based on this article.
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