Transrail Lighting IPO Allotment Status: Step-by-Step Guide to Check Allotment Online

The allotment status for Transrail Lighting’s Initial Public Offering (IPO) is expected to be announced on Wednesday. Investors can access the allotment details through the official website of the registrar, Link Intime India Private Ltd, or on the Bombay Stock Exchange (BSE) portal.

How to Check Transrail Lighting IPO Allotment Status

For checking the allotment status, investors may visit the registrar's portal at Link Intime. By entering their PAN, application number, or other required details, they can view their application’s status. Alternatively, the allotment details will also be accessible on the BSE website under the IPO section at BSE Allotment Check.

Subscription Details of Transrail Lighting IPO

The Rs 839 crore IPO witnessed overwhelming demand, receiving bids for 1,12,44,40,452 shares against an available 1,39,16,742 shares, marking an overall subscription of 80.80 times. The Qualified Institutional Buyers (QIB) segment was the most enthusiastic, subscribing 201.06 times. Non-Institutional Investors (NII) bid 76.41 times, while retail investors subscribed 22.07 times.

Price Band and GMP Trends

The price range for the IPO was set between Rs 410 and Rs 432 per share. As per grey market activity reports, Transrail Lighting shares are trading at a premium of Rs 192, reflecting an estimated 44 per cent premium over the higher price band.

Listing Details and Purpose of IPO Proceeds

Transrail Lighting shares are scheduled to debut on the NSE and BSE on December 27, with trading expected to commence at 10:00 AM. The IPO consisted of a fresh issue of Rs 400 crore and an offer-for-sale of 1.01 crore equity shares by promoter Ajanma Holdings Pvt Ltd.

The proceeds from the fresh issue will be allocated to meet incremental working capital needs, fund capital expenditures, and address general corporate purposes.

Transrail Lighting is a prominent EPC (engineering, procurement, and construction) company in India, specializing in power transmission and distribution. The firm also manufactures lattice structures, conductors, and monopoles through its integrated facilities. Operating in over 58 countries, Transrail has established itself as a key player in the global market.