Transrail Lighting’s IPO was fully subscribed just hours after it started accepting bids on Thursday, ending the second day on Friday with 5,31 times subscription.
The share allotted to retail individual investors (RIIs) received a subscription rate of 6.90 times, while the non-institutional investors category received a subscription of 7.23 times. The allotment for qualified institutional buyers (QIBs) saw a subscription level of 1.38 times.
The public offering of engineering and construction company Transrail Lighting launched on Thursday, December 19 with a price band 410-432 per share. This IPO, scheduled to close on December 23, has been generated 245.97 crore through its anchor book on 18th December.
At the highest point of the price range, the IPO is valued at 839 crore, resulting in a market capitalization of approx 5,600 crores.
Transrail Lighting stands as a leading EPC company in India, primarily focusing on power transmission and distribution. They also operate integrated manufacturing facilities for lattice structures, conductors and monopoles.