Transrail Lighting IPO to open on December 19. Check price band, key dates, and other details
initial public offering (IPO) on December 19, with a price band of Rs 410-432 per share.
The IPO will remain open for public subscription until December 23, while the anchor book is scheduled to open on December 18. The allotment of shares is expected by December 24, with shares credited to investors' demat accounts by December 26. Transrail’s stock is likely to list on exchanges on December 27.
The IPO consists of a fresh equity issue worth Rs 400 crore and an offer-for-sale (OFS) of 1.01 crore shares by promoter Ajanma Holdings. At the upper price band, the OFS is valued at Rs 439 crore, taking the total issue size to approximately Rs 839 crore and giving the company a market capitalization of around Rs 5,800 crore.
Also Read: Sensex slips 300 pts as St stays cautious before Fed meet
The proceeds from the fresh issue will be utilized to meet incremental working capital requirements, fund capital expenditure, and support general corporate purposes.
Stock Trading
Technical Analysis for Everyone — Technical Analysis Course
By — Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities
Stock Trading
Complete Guide to Stock Market Trading: From Basics to Advanced
By — Harneet Singh Kharbanda, Full Time Trader
Stock Trading
Point & Figure Chart Mastery: A Comprehensive Trading Guide
By — Mukta Dhamankar, Full Time Trader, 15 Years Experience, Instructor
Stock Trading
RSI Made Easy: RSI Trading Course
By — Souradeep Dey, Equity and Commodity Trader, Trainer
Stock Trading
A2Z of Stock Trading — Online Stock
