Transrail Lighting Limited, a leading engineering, procurement, and construction (EPC) company specializing in power transmission and distribution, made a stellar debut on the Indian stock market today, December 27, 2024.
The company’s shares were listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), opening at a significant premium to their initial public offering (IPO) price.
The IPO garnered significant attention, being oversubscribed by 80.80 times. Institutional and retail investors showed strong interest, contributing to the successful listing. Transrail Lighting raised ₹246 crore from anchor investors as part of the ₹839-crore IPO, which included a fresh issue of ₹400 crore and an offer-for-sale of 1.01 crore equity shares by the promoter, Ajanma Holdings Pvt Ltd.
The proceeds from the fresh issue are intended to:
With a legacy spanning over four decades, Transrail Lighting is a key player in the global power transmission and distribution sector. The company operates in 58 countries, including significant presence in Kenya.
For those interested in tracking Transrail Lighting’s share prices, the following platforms provide live updates:
While the robust debut reflects investor confidence in Transrail’s business model and growth potential, stock prices can be volatile, particularly in the initial days following an IPO. Investors are advised to monitor the stock’s performance closely and consult financial advisors before making investment decisions.
Stay tuned for more updates on Transrail Lighting Limited and other market developments.
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