Transteel Seating Technologies IPO: The book-built IPO of Transteel Seating Technologies is priced at Rs 49.98 crores. The issue consists of an offer to sell 3.56 lakh shares, valued at Rs 2.49 crores, and a fresh issue of 67.84 lakh shares, valued at Rs 47.49 crores.
The price range for Transteel Seating Technologies’ IPO is ₹67 to ₹70 per share. An application must have a minimum lot size of 2000 shares. Retail investors are required to invest a minimum of ₹140,00. HNI investments require a minimum lot size of two lots, or 4,000 shares, totaling ₹280,000.
Subscriptions for the Transteel Seating Technologies IPO begin on October 30, 2023, and conclude on November 1, 2023. On Monday, November 6, 2023, the allocation for the Transteel Seating Technologies IPO is anticipated to be completed. The tentative listing date for Transteel Seating Technologies’ initial public offering (IPO) on the NSE SME is Thursday, November 9, 2023.
Bigshare Services Pvt Ltd is the registrant for the Transteel Seating Technologies IPO, while the book running lead managers are Gretex Corporate Services Limited and Pantomath Capital Advisors Pvt Ltd. Gretex Share Broking is the market maker for the Transteel Seating Technologies first public offering.
Transteel Seating Technologies IPO Overview
| Transteel Seating Technologies Limited Company Overview | |
|---|---|
| Company Name | Transteel Seating Technologies Limited |
| IPO Opening Date | 30 October, 2023 |
| IPO Closing Date | 01 November, 2023 |
| Face Value | 10₹ Per Share |
| Share Price Range | 67₹ – 70₹ |
| Lot Size | 2000 Shares Per Lot |
| GMP | Check Here |
| Issue Type | Book Built Issue |
| Total IPO Issue Size | 7,140,000 Shares |
| Fresh Issue Size | 6,784,000 Shares |
| IPO Listing At | NSE SME |
| Share Holding Pre Issue | 13,394,510 |
| Share Holding Post Issue | 20,178,510 |
| More IPO’s | Check Here |
Transteel Seating Technologies IPO Lot Size
Investors may make a minimum offer of 2000 shares and an amount greater than that. The table below displays the lowest and maximum investments made in shares and money by HNIs and retail investors.
| Transteel Seating Technologies Limited IPO Lot Size | |
|---|---|
| Minimum Retail Applications | 01 Lot |
| Maximum Retail Applications | 01 Lot |
| Minimum HNI Applications | 02 Lots |
| Total Shares In Single Lot | 2000 Shares |
| Amount For Single Lot | ₹140,000 |
Transteel Seating Technologies IPO Time Table (Tentative)
The IPO for Transteel Seating Technologies starts on October 30, 2023, and ends on November 01, 2023.
| Transteel Seating Technologies Limited IPO Time Table Complete Details | |
|---|---|
| IPO Initiation Date | 30 October, 2023 |
| IPO Ending Date | 01 November, 2023 |
| Basis Of Allotment | 06 November, 2023 |
| Initiation Of Refund | 07 November, 2023 |
| Shares Credit To Demat Account | 08 November, 2023 |
| Date Of Listing | 09 November, 2023 |
| Cut Off Time For UPI Mandate Confirmation | 05:00 PM, 01 November, 2023 |
Transteel Seating Technologies IPO Reservation Details
| Transteel Seating Technologies Limited IPO Reservation Overview | |
|---|---|
| Shares Offered To Retailers | Not Less Than 35% Of Net Offer |
| Shares Offered To HNI | Not Less Than 15% Of Net Offer |
| Shares Offered To QIB | Not More Than 50% Of Net Offer |
Transteel Seating Technologies Company Financials
| Transteel Seating Technologies Limited Company Financials Information | |
|---|---|
| This Data Is Of | 30 September, 2023 |
| Total Revenue | 3,133.39 |
| Assets | 10,062.18 |
| Profit After Tax | 417.64 |
| Net Worth | – |
| Reserves And Surplus | 1,521.41 |
| Debt | – |
| All Amount In ₹ Lakh | |
Transteel Seating Technologies Promoters Holding
| Share Holding Pre Issue | 83.75% |
| Share Holding Post Issue | 53.83% |
Transteel Seating Technologies Key Performance Indicators
| Transteel Seating Technologies Limited Key Performance Indicators | |
|---|---|
| KPI | Values |
| EPS | 6.8 |
| ROE | 37.21% |
| ROCE | 36.69% |
| RoNW | 37.21% |
Is Transteel Seating Technologies IPO Contact Details.
| Transteel Seating Technologies Limited Contact Details | |
|---|---|
| Company Address | No. 28, 4th Main, Industrial Suburb Yeshwanthpur Bangalore 560022 |
| Phone | +91 80953 46346 |
| info@transteel.com | |
| Website | http://www.transteel.com/ |
Is Transteel Seating Technologies IPO Good Or Bad To Buy?
Transteel is a furniture firm with more than 20 years of expertise in the corporate and B2B sectors. It was founded in February 1995.The company’s manufacturing facility is situated in Bangalore, Karnataka’s Yeshwanthpur neighborhood.
Transteel places the utmost importance on client satisfaction. The business is aware that a customer’s experience doesn’t end when they view the website; it doesn’t end until the furniture is delivered. The company’s objective is to create an amazing experience that surpasses our clients’ expectations, whether it be through easy website navigation, thorough product information, a simple purchasing process, or timely delivery.
What Is The Future Of Transteel Seating Technologies Stock?
- seasoned management group with subject-matter experience.
- Channels for sales and distribution in every Indian state.
- The business offers reasonably priced furniture while adhering to the value for money policy.
What Is The Objective Of Transteel Seating Technologies IPO Issue?
The main objective’s of Transteel Seating Technologies IPO issue are :-
- Repayment or prepayment of a certain debt facility that our company has accessed.
- Acquisition of Machinery to Promote Production.
- Minimum Working Capital Needs.
- General Company Objectives.
How To Apply For Transteel Seating Technologies IPO?
The Transteel Seating Technologies IPO application form and payment can both be completed online. Through the net banking feature of your bank account, you can access the ASBA IPO application. UPI IPO applications are provided by brokers who do not offer banking services. On this page, you can get more details on how to apply for an IPO online using Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When Is Transteel Seating Technologies IPO Allotment?
The Allotment Date For Transteel Seating Technologies IPO Is November 06, 2023.