Monday, December 23, 2024

Transrail Lighting Limited IPO: Today’s Grey Market Price Update – Final Bidding Day Reminder!

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Transrail Lighting Limited IPO: Today’s Grey Market Price Update – Final Bidding Day Reminder!
Transrail Lighting Limited’s initial public offering (IPO), valued at Rs 839 crore, opened for bidding on December 19 and will conclude on December 23 at 5 PM. The share price is set between Rs 410 to Rs 432, and the stocks are currently trading at a grey market premium (GMP) of Rs 180, indicating potential gains for investors. As of the second day of bidding, the IPO has been fully subscribed 5.31 times, with notable interest from retail and non-institutional investors. The allotment of shares is expected on December 24, with credited shares to be visible in investor accounts by December 26. Proceeds from the IPO will mainly address working capital needs and general corporate purposes. Transrail Lighting specializes in power transmission and distribution and has operations in over 58 countries. The tentative listing date for the shares is December 27.
Original source:
https://www.etnownews.com/markets/transrail-lighting-limited-ipo-gmp-today-check-latest-grey-market-price-last-bidding-day-alert-article-116573478

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