Transrail Lighting Limited (TLL) Sets Price Band for IPO at ₹410-₹432 per Share

 

Mumbai: "Transrail Lighting Limited" (TLL) has fixed the price band for its 'Initial Public Offering' (IPO) at ₹410.00 to ₹432.00 per equity share, with a face value of ₹2 each. The IPO will open for subscription on Thursday, December 19, 2024, and close on Monday, December 23, 2024. The Anchor Investor Bid/Offer Period will open and close on Wednesday, December 18, 2024.

Investors can place bids for a minimum of 34 equity shares and in multiples thereafter.

The IPO comprises a fresh issue of equity shares aggregating up to ₹4,000 million and an offer for sale (OFS) of up to 10,160,000 equity shares by one of the promoters of the company, Ajanma Holdings Private Limited.

The net proceeds from the fresh issue will be used for:

• Incremental working capital requirements of the company.
• Capital expenditure to support the company's growth.
• General corporate purposes.

The company intends to list its equity shares on the BSE Limited (BSE) and National Stock Exchange of India Limited (NSE), with BSE being the Designated Stock Exchange.

The book-running lead managers (BRLMs) for the offer are Inga Ventures Private Limited, Axis Capital Limited, HDFC Bank Limited, and IDBI Capital Markets & Securities Limited.

For complete details, investors can refer to the Red Herring Prospectus (RHP), and a statutory advertisement published on pages 24-25 of Financial Express on December 16, 2024.

Link to RHP: TLL RHP

"Transrail Lighting Limited" focuses on providing lighting and electrical solutions, and this IPO is part of its efforts to raise capital for expanding operations.