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Transteel Seating Technologies IPO is a book built issue of Rs 49.98 crores. The issue is a combination of fresh issue of 67.84 lakh shares aggregating to Rs 47.49 crores and offer for sale of 3.56 lakh shares aggregating to Rs 2.49 crores.
Transteel Seating Technologies IPO bidding started from October 30, 2023 and ended on November 1, 2023. The allotment for Transteel Seating Technologies IPO was finalized on Sunday, November 5, 2023. The shares got listed on NSE SME on November 6, 2023.
Transteel Seating Technologies IPO price band is set at ₹67 to ₹70 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹280,000.
Gretex Corporate Services Limited and Pantomath Capital Advisors Pvt Ltd are the book running lead managers of the Transteel Seating Technologies IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Transteel Seating Technologies IPO is Gretex Share Broking.
Refer to Transteel Seating Technologies IPO RHP for detailed information.
| IPO Date | October 30, 2023 to November 1, 2023 |
| Listing Date | November 6, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹67 to ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 7,140,000 shares (aggregating up to ₹49.98 Cr) |
| Fresh Issue | 6,784,000 shares (aggregating up to ₹47.49 Cr) |
| Offer for Sale | 356,000 shares of ₹10 (aggregating up to ₹2.49 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 13,394,510 |
| Share holding post issue | 20,178,510 |
| Market Maker portion | 714,000 shares Gretex Share Broking |
Transteel Seating Technologies IPO offers 7,140,000 shares. 1,350,000 (18.91%) to QIB, 966,000 (13.53%) to NII, 2,250,000 (31.51%) to RII and 1,860,000 (26.05%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,860,000 (26.05%) |
| Market Maker Shares Offered | 714,000 (10.00%) |
| QIB Shares Offered | 1,350,000 (18.91%) |
| NII (HNI) Shares Offered | 966,000 (13.53%) |
| Retail Shares Offered | 2,250,000 (31.51%) |
| Total Shares Offered | 7,140,000 (100%) |
Transteel Seating Technologies IPO raises Rs 13.02 crore from anchor investors. Transteel Seating Technologies IPO Anchor bid date is October 27, 2023. Transteel Seating Technologies IPO Anchor Investors list
| Bid Date | October 27, 2023 |
| Shares Offered | 1,860,000 |
| Anchor Portion Size (In Cr.) | 13.02 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 5, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 3, 2024 |
Transteel Seating Technologies IPO opens on October 30, 2023, and closes on November 1, 2023.
| IPO Open Date | Monday, October 30, 2023 |
| IPO Close Date | Wednesday, November 1, 2023 |
| Basis of Allotment | Sunday, November 5, 2023 |
| Initiation of Refunds | Sunday, November 5, 2023 |
| Credit of Shares to Demat | Sunday, November 5, 2023 |
| Listing Date | Monday, November 6, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 1, 2023 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4,000 | ₹280,000 |
| Lot Size Calculator | |||
The promoters of the Company being Mr. Shiraz Ibrahim and Ms. Nasreen Shiraz
| Share Holding Pre Issue | 83.75% |
| Share Holding Post Issue | 53.83% |
Incorporated in February 1995, Transteel is a furniture company with over 20 years of experience in the corporate and B2B sectors.The company's manufacturing unit is located in , Yeshwanthpur, Bangalore, Karnataka.
At Transteel, customer satisfaction is the number one priority of the company. The company knows that the customer's journey begins the moment they visit the website and continues until the furniture is delivered. Whether it's seamless website navigation, comprehensive product information, an effortless buying process or prompt delivery, company's goal is to provide an exceptional experience that exceeds our customers' expectations.
The competitive strength of the company lies in the following:-
Transteel Seating Technologies Limited's revenue increased by 112.4% and profit after tax (PAT) rose by 471.64% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 10,062.18 | 8,347.06 | 3,609.10 | 2,538.33 |
| Revenue | 3,133.39 | 5,961.43 | 2,806.74 | 2,287.74 |
| Profit After Tax | 417.64 | 909.36 | 159.08 | -0.59 |
| Net Worth | 2,860.86 | 2,444.11 | 629.71 | 470.63 |
| Reserves and Surplus | 1,521.41 | 2,385.87 | 605.91 | 446.82 |
| Total Borrowing | 3,853.15 | 2,691.10 | 1,326.75 | 988.55 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Transteel Seating Technologies IPO is Rs 141.25 Cr.
| KPI | Values |
|---|---|
| ROE | 37.21% |
| ROCE | 36.69% |
| RoNW | 37.21% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.8 | |
| P/E (x) | 16.91 |
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects ("Objects of the Issue"):
a) Prepayment/Repayment of Certain Debt Facility availed by our Company
b) Purchase of Equipments to Facilitate Manufacturing
c) Working Capital Requirements
d) General Corporate Purposes.
[Dilip Davda] The company is in the business of tailor made furniture for its esteemed organized customers in B2B segment. With reduction in debt and de bottle-necking plans, the company is gearing for a fast forward mode. Based on its recent financial performance, the issue appears fully priced. Investors may consider parking of funds for medium to long-term rewards. Read detail review...
The Transteel Seating Technologies IPO is subscribed 49.21 times on November 1, 2023 7:29:00 PM. The public issue subscribed 39.82 times in the retail category, 12.15 times in the QIB category, and 122.88 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 12.15 |
| NII | 122.88 |
| Retail | 39.82 |
| Total | 49.21 |
Total Application : 44,793 (39.82 times)
| Listing Date | November 6, 2023 |
| BSE Script Code | |
| NSE Symbol | TRANSTEEL |
| ISIN | INE0NVI01020 |
| Final Issue Price | ₹70 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹70.00 |
| ₹88.90 |
| ₹86.10 |
| ₹93.30 |
| ₹93.30 |
Transteel Seating Technologies Limited
No. 28, 4th Main, Industrial Suburb
Yeshwanthpur
Bangalore 560022,
Phone: +91 80953 46346
Email: info@transteel.com
Website: http://www.transteel.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Transteel Seating Technologies IPO is a SME IPO of 7,140,000 equity shares of the face value of ₹10 aggregating up to ₹49.98 Crores. The issue is priced at ₹67 to ₹70 per share. The minimum order quantity is 2000 Shares.
The IPO opens on October 30, 2023, and closes on November 1, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Transteel Seating Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Transteel Seating Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Transteel Seating Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Transteel Seating Technologies IPO opens on October 30, 2023 and closes on November 1, 2023.
Transteel Seating Technologies IPO lot size is 2000 Shares, and the minimum amount required is ₹140,000.
You can apply in Transteel Seating Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Transteel Seating Technologies IPO will be done on Sunday, November 5, 2023, and the allotted shares will be credited to your demat account by Sunday, November 5, 2023. Check the Transteel Seating Technologies IPO allotment status.
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RHP
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Pawan Leo| Link | Bookmark |November 21, 2023 10:28:22 AMYour views are solicited on this stock as it is continously falling.