Transteel Seating Technologies IPO is a book built issue of Rs 49.98 crores. The issue is a combination of fresh issue of 67.84 lakh shares aggregating to Rs 47.49 crores and offer for sale of 3.56 lakh shares aggregating to Rs 2.49 crores.
Transteel Seating Technologies IPO opens for subscription on October 30, 2023 and closes on November 1, 2023. The allotment for the Transteel Seating Technologies IPO is expected to be finalized on Monday, November 6, 2023. Transteel Seating Technologies IPO will list on NSE SME with tentative listing date fixed as Thursday, November 9, 2023.
Transteel Seating Technologies IPO price band is set at ₹67 to ₹70 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹280,000.
Gretex Corporate Services Limited and Pantomath Capital Advisors Pvt Ltd are the book running lead managers of the Transteel Seating Technologies IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Transteel Seating Technologies IPO is Gretex Share Broking.
Refer to Transteel Seating Technologies IPO RHP for detailed information.
Transteel Seating Technologies IPO Details
| IPO Date | October 30, 2023 to November 1, 2023 |
| Listing Date | [9 November 2023] |
| Face Value | ₹10 per share |
| Price Band | ₹67 to ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 7,140,000 shares (aggregating up to ₹49.98 Cr) |
| Fresh Issue | 6,784,000 shares (aggregating up to ₹47.49 Cr) |
| Offer for Sale | 356,000 shares of ₹10 (aggregating up to ₹2.49 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 13,394,510 |
| Share holding post issue | 20,178,510 |
| Market Maker portion | 714,000 shares Gretex Share Broking |
Transteel Seating Technologies IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Transteel Seating Technologies IPO Timeline (Tentative Schedule)
Transteel Seating Technologies IPO opens on October 30, 2023, and closes on November 1, 2023.
| IPO Open Date | Monday, October 30, 2023 |
| IPO Close Date | Wednesday, November 1, 2023 |
| Basis of Allotment | Monday, November 6, 2023 |
| Initiation of Refunds | Tuesday, November 7, 2023 |
| Credit of Shares to Demat | Wednesday, November 8, 2023 |
| Listing Date | Thursday, November 9, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 1, 2023 |
Transteel Seating Technologies IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4,000 | ₹280,000 |
| Lot Size Calculator |
Transteel Seating Technologies IPO Promoter Holding
| Share Holding Pre Issue | 83.75% |
| Share Holding Post Issue | 53.83% |
About Transteel Seating Technologies Limited
Incorporated in February 1995, Transteel is a furniture company with over 20 years of experience in the corporate and B2B sectors.The company’s manufacturing unit is located in , Yeshwanthpur, Bangalore, Karnataka.
At Transteel, customer satisfaction is the number one priority of the company. The company knows that the customer’s journey begins the moment they visit the website and continues until the furniture is delivered. Whether it’s seamless website navigation, comprehensive product information, an effortless buying process or prompt delivery, company’s goal is to provide an exceptional experience that exceeds our customers’ expectations.
The competitive strength of the company lies in the following:-
- Experienced Management team with domain expertise
- Sales and distribution channels across all the states of India.
- The company follows the policy of Value for money providing affordable furniture.
Transteel Seating Technologies Limited Financial Information (Restated)
Transteel Seating Technologies Limited’s revenue increased by 112.4% and profit after tax (PAT) rose by 471.64% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 10,062.18 | 8,347.06 | 3,609.10 | 2,538.33 |
| Revenue | 3,133.39 | 5,961.43 | 2,806.74 | 2,287.74 |
| Profit After Tax | 417.64 | 909.36 | 159.08 | -0.59 |
| Net Worth | 2,444.11 | 629.71 | 470.63 | |
| Reserves and Surplus | 1,521.41 | 2,385.87 | 605.91 | 446.82 |
| Total Borrowing | ||||
| Amount in ₹ Lakhs |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 37.21% |
| ROCE | 36.69% |
| EPS (Rs) | 6.8 |
| RoNW | 37.21% |
Check Transteel Seating Technologies IPO Peer Comparison here.
Objects of the Issue (Transteel Seating Technologies IPO Objectives)
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects (“Objects of the Issue”):
a) Prepayment/Repayment of Certain Debt Facility availed by our Company
b) Purchase of Equipments to Facilitate Manufacturing
c) Working Capital Requirements
d) General Corporate Purposes.
Transteel Seating Technologies Limited Contact Details
Transteel Seating Technologies Limited
No. 28, 4th Main, Industrial Suburb
Yeshwanthpur
Bangalore 560022,
Phone: +91 80953 46346
Email: info@transteel.com
Website: http://www.transteel.com/
Transteel Seating Technologies IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html