Transteel Seating Technologies, incorporated on February 08, 1995, is a furniture provider that has been catering to businesses of all sizes for over two decades.
| Bidding Dates |
|---|
| 30 Oct 2023 - 01 Nov 2023 |
| Subscription |
|---|
| 31.57x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,40,000 | 1 | 1 | 2000 | 7.1 M | ₹67 - ₹70 | 64.62 % | ₹478.4 M - ₹499.8 M | RHP DOC |
Transteel Seating IPO SUBSCRIPTION STATUS
01 Nov '23Transteel Seating IPO overall subscription rate was 31.57 times the total available shares
Transteel Seating IPO retail subscription rate was 35.85 times in the retail segment
Transteel Seating IPO non-institutional investor subscription rate was 111.5 times in the non-institutional investor category
Transteel Seating IPO Qualified Institutional Bidder subscription rate was 4.59 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
01 Nov 2023 (Day 3) | 35.85x | 111.5x | 4.59x |
31 Oct 2023 (Day 2) | 7.1x | 3.27x | 0.12x |
30 Oct 2023 (Day 1) | 2.41x | 1.58x | 0x |
Transteel Seating FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 41.8 | 312.6 | -78.4 | -81.5 | 25.8% |
| FY23 | 90.9 | 594.8 | -39.6 | -50.7 | 26.0% |
| FY22 | 15.9 | 279.9 | 60.3 | 56.2 | 13.9% |
| FY21 | -0.1 | 228.1 | 18.5 | 8.3 | 6.0% |
Transteel Seating IPO SUBSCRIPTION STATUS DETAILS
Transteel Seating had 7.1 M shares on offer
Transteel Seating IPO offer price was in the range ₹67 - ₹70
Transteel Seating IPO minimum Investment was ₹140000
Transteel Seating IPO issue size was ₹ 478.4 M - ₹ 499.8 M
Transteel Seating had a minimum lot size of 2000 Shares per application
Transteel Seating NUMBER OF SHARES ON OFFER
Transteel Seating IPO IMPORTANT DATES
| Issue Open Date | 30 Oct 2023 |
| Issue close Date | 01 Nov 2023 |
| Allotment Date | 02 Nov 2023 |
| Refund Date | 02 Nov 2023 |
| Demat Account Credit Date | 03 Nov 2023 |
| Listing Date | 06 Nov 2023 |
| Listing on Exchange(s) | NSE |
| Transteel Seating Allotment Status | Exchange |
Transteel Seating IPO subscription opened on 30 Oct 2023, and closed on 01 Nov 2023
IPO allotment for Transteel Seating was finalized on Thursday, 02 Nov 2023
IPO listing for Transteel Seating was on NSE on Monday, 06 Nov 2023
Transteel Seating IPO LISTING GAINS
| Issue Price (adjusted) | 70.0 |
| Listing Open Price | 88.9 |
| Listing Close Price | 93.3 |
| Listing Gain% | 27.0% |
| Current Gain% | 61.4% |
Transteel Seating Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Transteel Seating Technologies Ltd. | 113 | 228 | 12 | 0.2 | 1.6 | 16.6 | 7.7 | 139.6 | 57 | 22.3 | 76 | 9.4 | 50.1 |
| Sheela Foam Ltd. | 677.4 | 7397.4 | 34.5 | 0.1 | 1.8 | 4.9 | 3.1 | 3875.1 | 8.5 | 159.6 | 66.1 | 19.6 | 273.1 |
| Greenlam Industries Ltd. | 273.7 | 6983.4 | 75.1 | 0.4 | 2.2 | 4.8 | 1.9 | 3054.3 | 18.4 | 56.3 | -19.3 | 3.6 | 172.9 |
| Responsive Industries Ltd. | 169.4 | 4517.4 | 30.4 | -1.2 | 3.2 | 9.5 | 8 | 1404.2 | -1.6 | 148.4 | -25.4 | 5.6 | -25.4 |
| Wakefit Innovations Ltd. | 127.8 | 4233.1 | 21.9 | 2.7 | 16.7 | 10.8 | 1534.4 | 17.5 | 189.2 | 640.4 | 5.8 | ||
| Euro Pratik Sales Ltd. | 314.1 | 3210.1 | 41.6 | 85.9 | 9.6 | 24.9 | 19.4 | 343 | 17.7 | 77.1 | 0.5 | 7.5 | 0.5 |
Transteel Seating INFORMATION ON IPO ISSUE
About Transteel Seating
Transteel Seating Technologies, incorporated on February 08, 1995, is a furniture provider that has been catering to businesses of all sizes for over two decades.
Object of the Issue
- Prepayment/repayment of certain debt facilities availed by the company.
- Purchase of equipment to facilitate manufacturing.
- Working capital requirements.
- General corporate purposes.
Transteel Seating - PROMOTERS
| Name |
|---|
| Shiraz Ibrahim |
| Nasreen Shiraz |
Transteel Seating Lead Manager
Gretex Corporate Services Limited
info@gretexgroup.com
Transteel Seating Lead Manager of the Issue
Pantomath Capital Advisors Private Limited
ipo@pantomathgroup.com
Transteel Seating Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Transteel Seating Strengths
Sales, marketing, and distribution capabilities
The company has been supplying its products pan India and has a widespread domestic presence. It maintains a dedicated sales and marketing team focused on generating significant demand for the products in India
Brand positioning
The company's brands give it a broader platform to market the products to the customer
Transteel Seating Risks
Legal proceedings
There are outstanding legal proceedings involving the company, its promoters, and directors. Any adverse decision in such proceedings may have a material adverse effect on the business
Faces competition
The company faces competition in the business from domestic competitors. Such competition could have an adverse impact on our business and financial performance
IPO FAQs
This IPO consists of an offer for sale of up to Rs 2.5 crore, of 356,000 shares. It also consists of a fresh issue of Rs 47.5 crore.
The promoters of the company are Shiraz Ibrahim and Nasreen Shiraz.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 67.0 - 70.0.
The IPO application opens on Oct 30, 2023 and closes on Nov 01, 2023.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 140,000.0, the maximum value for this IPO is Rs 140,000.0.
This IPO will be allotted on Nov 02, 2023.
The refund will be credited to your account on Nov 02, 2023.
The allotted shares will be credited to your demat on Nov 03, 2023.
Transteel Seating Technologies Ltd.’s shares listed on the stock exchanges on Nov 06, 2023.