Transrail Lighting Ltd. made a strong debut on the stock exchanges today, listing at ₹590 on the National Stock Exchange (NSE), a 36.57% premium over its issue price of ₹432 per share. The impressive listing reflects robust demand during its IPO and positive investor sentiment.
IPO Details and Subscription Highlights
- IPO Price Band: ₹410 – ₹432 per share
- Lot Size: 34 shares
- Total Issue Size: 1,94,19,259 shares, aggregating up to ₹838.91 crore
- Fresh Issue: 92,59,259 shares (₹400 crore)
- Offer for Sale: 1,01,60,000 shares (₹438.91 crore)
- Subscription: The IPO was subscribed 81.98 times, with strong participation across categories:
- Qualified Institutional Buyers (QIBs): Subscribed 197.41 times
- Non-Institutional Investors (NII): Subscribed 78.31 times
- Retail Investors: Subscribed 22.62 times
Market Debut
The stock opened at ₹590 on NSE, offering a listing gain of ₹158 per share over the upper price band of ₹432. The strong performance reflects the company’s growth potential and market confidence in its business model.
Disclaimer: This article is for informational purposes only. Please consult a certified financial advisor before making any investment decisions.
