Day 1 of Transrail Lighting IPO: Demand Reaches 1.71 Times, Driven by Retail Investors; Latest GMP Insights

Transrail Lighting’s initial public offering (IPO) commenced today, December 19, with a price band set between ₹410 and ₹432 per share. The IPO aims to raise ₹838 crore through a new share issuance of ₹400 crore and a sale of 1.01 crore equity shares by its promoter, Ajanma Holdings, which holds an 83.22 percent stake in the company. As of the first day of bidding, the IPO has been oversubscribed by 1.71 times, driven by strong interest from retail and institutional investors. Notably, the offering received substantial backing from major financial institutions, generating ₹245.97 crore through its anchor book on December 18. With a focus on power transmission and distribution, Transrail Lighting is positioned to benefit from increased demand in the sector, promising growth opportunities through geographic expansion and product innovation despite potential competition risks. The IPO subscription will remain open until December 23, with shares expected to list on December 27.

Day 1 of Transrail Lighting IPO: Demand Reaches 1.71 Times, Driven by Retail Investors; Latest GMP Insights

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