Transteel Seating Technologies IPO Day 2: Issue subscribed 3.4% so far; retail portion booked 5.8x
Read here: Transteel Seating Technologies IPO: Check GMP, subscription status, other key details as SME issue opens Transteel Seating IPO opened for public subscription on October 30, Monday, and will close on November 1, Wednesday. The company is expected to finalise the basis of IPO allotment on November 6, and initiate refunds on November 7, while credit the shares into the demat accounts of eligible investors on November 8.
The equity shares of Transteel Seating Technologies will be listed on NSE SME with a tentative listing date fixed on November 9. (Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Transteel Seating Technologies IPO size is ₹49.98 crore which is a combination of fresh issue of 67.84 lakh equity shares aggregating to ₹47.49 crore and offer for sale (OFS) of 3.56 lakh shares aggregating to ₹2.49 crore.
The IPO price band has been set at ₹67 to ₹70 per share. The IPO lot size is 2,000 shares and the minimum investment amount required by retail investors is ₹140,000.
The book running lead managers of the Transteel IPO are Gretex Corporate Services Ltd and Pantomath Capital Advisors Pvt Ltd, while Bigshare Services Pvt Ltd is the IPO registrar. Also Read: Mamaearth IPO: Should you subscribe? Here's what top 5 brokerages say on Honasa Consumer's book build issue Transteel IPO GMP today, or grey market premium today, is ₹20 per share, as per market observers.
This indicates that Transteel Seating Technologies shares are trading higher by ₹20 apiece than their issue price in the grey market. Considering the grey market premium today and the IPO price of ₹70 per share, the estimated Transteel Seating
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