Transteel Seating Technologies Ltd
Price Range
₹67 - ₹70
-
Min. Quantity
2,000
Closes on
1 November 2023
-
Min. investment
₹1,40,000/2,000 Shares
Transteel Seating Technologies Ltd IPO Timeline
Transteel Seating Technologies Ltd. was originally incorporated on February 08, 1995 as a Private Limited Company as 'Transteel Seating Technologies Private Limited' with the Registrar of Companies, Karnataka, Bangalore. Later in year 2022, the Company got converted to Public Limited Company and name of the Company has been changed to Transteel Seating Technologies Limited' through a Fresh Certificate of Incorporation upon Conversion on April 19, 2023 by Registrar of Companies, Bangalore.
| Event | Date |
|---|---|
| Transteel Seating Technologies Ltd IPO Opening Date | 30 October 2023 |
| Transteel Seating Technologies Ltd IPO Closing Date | 1 November 2023 |
| Basis of Allotment | 2 November 2023 |
| Initiation of Refunds | 3 November 2023 |
| Credit of Shares to Demat | 3 November 2023 |
| Transteel Seating Technologies Ltd IPO Listing Date | 6 November 2023 |
Transteel Seating Technologies Ltd IPO Details
| Transteel Seating Technologies Ltd IPO Date | 30 October 2023 to 1 November 2023 |
| Transteel Seating Technologies Ltd IPO Face Value | ₹10 per share |
| Transteel Seating Technologies Ltd IPO Price | ₹67 to ₹70 per share |
| Transteel Seating Technologies Ltd IPO Lot Size | 2,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹49.98 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹47.49 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹2.49 Cr) |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Shiraz Ibrahim, Nasreen Shiraz |
Transteel Seating Technologies Ltd IPO Lot Size
The Transteel Seating Technologies Ltd IPO lot size is 2,000 shares. A retail-individual investor can apply for up to 1 lots (2,000 shares or ₹1,40,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 2,000 | ₹1,40,000 |
| Maximum | 1 | 2,000 | ₹1,40,000 |
- Strengths
- Risks
- Opportunities
- Experienced Promoters.
- Sales, Marketing and Distribution Capabilities.
- Brand Positioning.
- Quality Assurance & Control.
Company Financials
Transteel Seating Technologies Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 142.27 | 74.63 | 11.11 |
| 03-2023 | 83.47 | 59.61 | 9.10 |
| 03-2022 | 36.09 | 28.07 | 1.59 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Prepayment/Repayment of Existing Debt Facility
- Purchase of Equipments to Facilitate Manufacturing
- Working Capital Requirements
- General Corporate Purposes
Transteel Seating Technologies Ltd IPO Promoter Holding
| Pre Issue Share Holding | 19.6% |
| Post Issue Share Holding | 13.01% |
Transteel Seating Technologies Ltd IPO Subscription Status (Bidding Detail)
The Transteel Seating Technologies Ltd IPO is subscribed 31.5692 times on 1 November 2023 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 31.5692 |
Transteel Seating Technologies Ltd IPO Prospectus
Transteel Seating Technologies Ltd IPO Listing Date
| BSE Script | 91652 |
| NSE Symbol | TRANSTEEL |
| Listing In | NSE - SME |
| ISIN | INE0NVI01020 |
| IPO Price | ₹70 |
| Face Value | ₹10 |
Company Contact Information
#28 4th Main Industrial SuburbYeshwanthpur,Bangalore-560022
Phone: +91 80953 46346
Email: info@transteel.com
Website: www.transteel.com
Transteel Seating Technologies Ltd IPO Registrar
Transteel Seating Technologies Ltd IPO Lead Manager(s)
- Gretex Corporate Services Ltd
- Pantomath Capital Advisors Pvt Ltd
FAQ
What is the issue size of Transteel Seating Technologies Ltd IPO?
I have pre-applied for Transteel Seating Technologies Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.