Monday, January 13, 2025

Transrail Lighting IPO: Allotment Status, GMP, and Anticipated Listing Price Update

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Transrail Lighting IPO: Allotment Status, GMP, and Anticipated Listing Price Update
The allotment process for the Transrail Lighting IPO is set to be finalized today, December 24, 2024, following a successful subscription period from December 19 to 23, 2024. The IPO, priced in a band of Rs 410-432 per share with a lot size of 34 shares, garnered substantial interest, resulting in oversubscription of 80.80 times with bids totaling over 1.12 billion shares against the 1.39 million shares available. Qualified Institutional Buyers (QIBs) particularly drove the demand, oversubscribing their segment by 201.06 times. Shares are currently trading at a premium of Rs 192 in the grey market, indicating an anticipated listing price of around Rs 624 when the stock debuts on December 27, 2024. Transrail Lighting, established in 2008, specializes in engineering and construction for power transmission and railway projects and boasts a global footprint with over 200 completed projects.
Original source:
https://www.business-standard.com/markets/news/transrail-lighting-ipo-check-allotment-status-gmp-expected-listing-price-124122400130_1.html

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