Transrail Lighting IPO Details, Financials, Valuation & Peers
Explore Transrail Lighting IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Transrail Lighting Limited is an Engineering, Procurement, and Construction (EPC) company specializing in power transmission and distribution solutions. With over four decades of experience, the company delivers end-to-end services, from design and manufacturing to execution, for lattice structures, conductors, and monopoles. Transrail operates globally, having completed over 200 projects across Asia, Africa, and other regions, with a strong focus on high-voltage (HV) and extra-high-voltage (EHV) segments. Backed by an integrated manufacturing setup and a diversified client base, the company is well-positioned to address the growing demand for robust transmission and distribution infrastructure domestically and internationally.
Key Points:
- Comprehensive Solutions:
- Expertise in turnkey EPC projects for power transmission and distribution, including substations up to 765 kV.
- Backward integration with in-house manufacturing for towers, conductors, and poles, ensuring cost efficiency and reduced third-party dependencies.
- Global Presence:
- Projects executed in 58 countries, including key regions in Asia, Africa, and Europe.
- Major international clients include Power Grid Company of Bangladesh, Kenya Power and Lighting Company, and Electricidade De Mocambique.
- Project Milestones:
- EPC execution of 34,654 circuit kilometers (CKM) of transmission lines and 30,000 CKM of distribution lines.
- Completed more than 200 projects globally.
- Market Opportunities:
- Indian power sector investments projected to reach ₹3-4 trillion for FY 2025-2029, driven by government schemes like the Revamped Distribution Sector Scheme.
- High demand for electrical infrastructure in Africa, where 43% of the population lacks access to electricity.
Objects of the Issue
- Funding incremental working capital requirements of the Company
- Funding capital expenditure of the Company
- General corporate purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 19 Dec - 23 Dec 2024 |
| IPO Price Band | ₹410 - ₹432 per share |
| Fresh Issue | ₹400 crore |
| Offer For Sale | 10,160,000 Shares (₹438.91 crore) |
| Total IPO Size | ₹838.91 crore |
| Face Value | ₹2 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 19 Dec 2024 |
| IPO Closing Date | 23 Dec 2024 |
| Basis Of Allotment | 24 Dec 2024 |
| Refunds | 26 Dec 2024 |
| Demat Transfer | 26 Dec 2024 |
| IPO Listing Date | 27 Dec 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jun 2024 |
|---|---|---|---|---|
| Total Income | 2,357.20 | 3,172.03 | 4,130.00 | 929.70 |
| Total Expenses | 2,266.53 | 3,024.71 | 3,814.19 | 852.65 |
| Net Profit/Loss | 64.71 | 107.57 | 233.21 | 51.74 |
| NPM (*) | 2.75 | 3.39 | 5.65 | 5.57 |
| Total Assets | 2,841.87 | 3,445.49 | 4,620.61 | 4,836.17 |
| Total Liabilities | 2,178.90 | 2,674.09 | 3,481.49 | 3,631.81 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jun 2024 |
|---|---|---|---|---|
| EPS | 11.62 | 9.45 | 19.59 | 4.17 |
| ROE (%) | 10.51 | 15.00 | 24.41 | 4.42 |
| ROCE (%) | 14.94 | 18.27 | 24.35 | 6.02 |
| D/E Ratio | 0.71 | 0.78 | 0.56 | 0.50 |
| Current Ratio | 1.20 | 1.19 | 1.24 | 1.24 |
| EBITDA MARGIN (%) | 8.75 | 9.32 | 11.71 | 13.12 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Transrail Lighting Limited | 4,009.23 | 22.05 | 19.59 | 21.68 | 86.79 |
| KEC International Limited | 19,914.0 | 91.95 | 13.49 | 8.50 | 159 |
| Kalpataru Projects International Limited | 19,626.00 | 36.72 | 31.76 | 10.00 | 316 |
| Skipper Limited | 3,282.0 | 75.97 | 7.14 | 9.10 | 84 |
| Patel Engineering Limited | 4,544.00 | 15.57 | 3.54 | 9.56 | 38 |
| Bajel Projects Limited | 1,169.0 | 702.97 | 0.37 | 0.80 | 49 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
IPO Reservation
| Investor Type | Shares Offered |
|---|---|
| Qualified Institutional Buyer (QIB) | Not less than 50% |
| Non-Institutional Investor (NII/HNI) | Not less than 15% |
| Retail Individual Investor (RII) | Not less than 35% |
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 197.41 |
| Non-Institutional Investor (NII/HNI) | 78.31 |
| Retail Individual Investor (RII) | 22.62 |
| Total | 81.98 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Link Intime India Private Ltd
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- AJANMA HOLDINGS PRIVATE LIMITED
- DIGAMBAR CHUNNILAL BAGDE
- SANJAY KUMAR VERMA
Lead Managers
- Inga Ventures Private Limited
- Axis Capital Limited
- HDFC Bank Limited
- IDBI Capital Markets & Securities Limited
Company Address
Transrail Lighting Limited
501, A,B,C,E Fortune 2000, Block G Bandra Kurla Complex, Bandra East Mumbai, Maharashtra 400 051 India
Phone: +91 22 6197 9600
Email: cs@transraillighting.com
Website: www.transrail.in
FAQs
- What is the issue size of the Transrail Lighting IPO?The Transrail Lighting IPO has an issue size of ₹838.91 crore. This includes a fresh issue of ₹400 crore and an offer for sale (OFS) of 10,160,000 Shares (₹438.91 crore).
- What is the price band of the Transrail Lighting IPO?The price band for the Transrail Lighting IPO is ₹410 - ₹432 per share.
- What are the bidding dates for the Transrail Lighting IPO?The Transrail Lighting IPO will open for bidding on 19 Dec 2024 and close on 23 Dec 2024.
- What is the allotment date for the Transrail Lighting IPO?The allotment date for the Transrail Lighting IPO is 24 Dec 2024.
- What is the minimum lot size and investment required for the Transrail Lighting IPO?The minimum lot size for the Transrail Lighting IPO is 34 shares and the minimum investment required is ₹14,688.
- What is the listing date for the Transrail Lighting IPO?The listing date for the Transrail Lighting IPO is 27 Dec 2024.
- What is the Transrail Lighting IPO grey market premium?The grey market premium (GMP) for the Transrail Lighting IPO is currently at ₹165, with an expected listing gain of approximately 38.19%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.