Transrail Lighting
MAINBOARD
Listed
Price Band
₹410 - ₹432
Lot Size
34 Shares
Issue Size
₹400.00 Cr
Fresh Issue
₹280.00 Cr
OFS
₹120.00 Cr
Registrar
Link Intime India Private Limited
AI Sentiment Score
Listing Price
₹553.56
vs Issue: ₹432 (+28.14%)
📅 IPO Timeline
✓
Open
Dec 19, 2024
✓
Close
Dec 23, 2024
✓
Allotment
Dec 24, 2024
✓
Refund
Dec 25, 2024
✓
Demat
Dec 25, 2024
✓
Listing
Dec 27, 2024
📈 Grey Market Premium (GMP) Trendline
Daily consensus GMP movement (₹) recorded across market sources
✨ AI Analysis & Prediction
🔒 Final Reconciled Estimate
Locked post-listing with actual debut performance
Transrail Lighting displays an established operational footprint with expanding revenue streams (29.7% CAGR) and a defensible value proposition.
💪 Strengths
- Demonstrated operational revenue trajectory with resilient top-line growth (29.7% CAGR).
- Established customer relationships and market position across target industry sectors.
- Sound operational capital returns with Return on Capital Employed (ROCE) at 33.6%.
⚠️ Weaknesses
- Exposure to input cost fluctuations and broader macroeconomic supply chain cycles.
- Working capital requirements to support continuous capacity expansion.
- Competitive landscape from both established incumbents and specialized regional players.
🚀 Opportunities
- Industry tailwinds from rising domestic capex and infrastructure spending.
- Operating leverage potential allowing margin expansion as manufacturing utilization rises.
- Geographic diversification and entry into higher-margin specialized product lines.
🛡️ Threats
- Sectoral regulatory shifts and evolving statutory compliance requirements.
- Aggressive pricing actions by domestic competitors impacting gross margins.
- Broader market equity volatility and liquidity fluctuations.
📊 Financial Overview & Growth Trajectory
Multi-year operational scale & net profitability trajectory
| Metric | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue (₹ Cr) | Rs 3,152.00 Cr | Rs 4,077.00 Cr | Rs 5,308.00 Cr | Rs 6,880.00 Cr |
| Net Profit / PAT (₹ Cr) | Rs 108.00 Cr | Rs 233.00 Cr | Rs 329.00 Cr | Rs 404.00 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs 364.00 Cr | Rs 559.00 Cr | Rs 776.00 Cr | Rs 941.00 Cr |
| Borrowings (₹ Cr) | Rs 621.00 Cr | Rs 667.00 Cr | Rs 661.00 Cr | Rs 678.00 Cr |
| Total Assets (₹ Cr) | Rs 3,445.00 Cr | Rs 4,621.00 Cr | Rs 6,233.00 Cr | Rs 7,354.00 Cr |
| ROE % | 0.00% | 0.00% | 0.00% | 0.00% |
| ROCE % | 33.60% | 33.60% | 33.60% | 33.60% |
| Debt / Equity | 0.00 | 0.00 | 0.00 | 0.00 |
Company P/E
15.5x
Industry P/E
17.8x
Debt/Equity
0.30
⚖️ Valuation Benchmark Range
🟢 Attractively Priced vs Industry Peers
Industry 17.8x
IPO 15.5x
0x (Deep Value)
30x (High Multiple)
📋 Live Subscription Status
QIB
201.06x
NII
77.86x
Retail
22.07x
Total
80.80x
🎯 Retail Allotment Probability
4.5% Odds
1 in 22.1 chance (~4.5% probability per PAN)
SEBI Rule: Under SEBI lottery allotment rules, applying for multiple lots under Retail does NOT increase your lottery odds. All valid retail applicants have identical 1-lot odds per PAN.
Updated: Sep 12, 2026 2:40 PM
💼 Issue Structure & Reservation Quota
Capital Structure
₹400.0 Cr
Issue Size
Fresh (70%)
OFS (30%)
Reservation Quota
100%
Allocation
QIB (50%)
NII (15%)
Retail (35%)
QIB
50.00%
Retail
35.00%
NII
15.00%
🔗 Important Links & Lead Managers
- SEBI Filings (DRHP)View on SEBI →
- SEBI Filings (RHP)View on SEBI →
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.