Everything you need to know about Transrail Lighting Limited IPO

About

Transrail Lighting Limited is an Indian EPC company specialising in power transmission and distribution, with integrated manufacturing facilities for lattice structures, conductors, and monopoles. With four decades of experience, they have completed over 200 projects across Asia and Africa, establishing a presence in 58 countries. As of June 30, 2024, they have executed 34,654 CKM of transmission lines and 30,000 CKM of distribution lines, including substations up to 765 kV. Known for their expertise in HV and EHV segments, they also operate in civil construction, poles and lighting, and railways, delivering turnkey solutions globally.

Issue size

Funds Raised in the IPO Amount
Overall TBA
Offer for Sale TBA

Utilisation of proceeds

Purpose INR crores (%)
Funding incremental working capital requirements 250 (73.37%)
Funding capital expenditure 90.73 (26.63%)
General corporate purposes TBA

Financials

Financial Year Ended March 2022 March 2023 March 2024 June 2024
Total Assets 2,841.87 3,445.49 4,620.61 4,836.17
Revenue 2,357.20 3,172.03 4,130.00 929.70
Profit After Tax 64.71 107.57 233.21 51.74

Amount in crores*

Strengths

  • Established a four-decade track record in power transmission and distribution projects.
  • Comprehensive capabilities, including in-house manufacturing of key components like monopoles and lattice structures.
  • Global presence, with successful project execution in 58 countries across Asia and Africa.
  • Expertise in handling high-voltage and extra-high-voltage EPC projects up to 765 kV.

Risks

  • Dependence on timely regulatory approvals for large infrastructure projects.
  • Exposure to geopolitical and economic risks in international markets.
  • Financial risks due to high working capital needs and potential debt levels.
  • Market risks arising from volatility in raw material prices, particularly steel and aluminum.

IPO schedule

Issue open date 2024-12-19
Issue close date 2024-12-23
UPI mandate deadline 2024-12-23 (5 PM)
Allotment finalization 2024-12-24
Refund initiation 2024-12-26
Share credit 2024-12-26
Listing date 2024-12-27
Mandate end date 2025-01-07
Lock-in end date for anchor investors (50%) 2025-01-23
Lock-in end date for anchor investors (remaining) 2025-03-24
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