Transrail Lighting’s IPO was utterly subscribed only a few hours after it started accepting bids on Thursday, concluding day 2 on Friday with a subscription of 5,31 occasions.
The share allotted for retail particular person traders (RIIs) acquired a subscription price of 6.90 occasions, whereas the non-institutional traders’ class was subscribed 7.23 occasions. The allocation for Certified Institutional Patrons (QIBs) noticed a subscription degree of 1.38 occasions.
The general public providing for engineering and development firm Transrail Lighting started on Thursday, December 19, with a value band of ₹410-432 per share. This IPO, which can shut on December 23, generated ₹245.97 crore via its anchor guide on December 18.
On the highest level of the value vary, the IPO has been valued at ₹839 crore, leading to a market capitalization of roughly ₹5,600 crore.
Transrail Lighting stands out as a outstanding EPC firm in India, primarily concentrating on energy transmission and distribution. In addition they function built-in manufacturing services for lattice constructions, conductors, and monopoles.
