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Transteel Seating Technologies IPO Detail

Transteel Seating Technologies IPO Detail

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:-

  1. Experienced Management team with domain expertise
  2. Sales and distribution channels across all the states of India.
  3. The company follows the policy of Value for money providing affordable furniture.

Company Promoters

IPO Details

IPO Opening DateOct 30, 2023
IPO Closing DateNov 01, 2023
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹67 - 70 per equity share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtNSE SME
Issue Size₹49.98 Cr
Fresh Issue₹47.49 Cr
Offer for Sale₹2.49 Cr
Retail Portion 42.61%

IPO Subscription (Bidding Detail)

Day 1 0.00x 1.76x 2.71x - 1.71x
Day 2 0.32x 2.91x 7.94x - 4.62x
Day 3 12.15x 122.88x 39.82x - 49.21x

IPO Tentative Timetable

The Transteel Seating Technologies IPO open date is Oct 30, 2023, and the close date is Nov 01, 2023. The issue may list on Nov 09, 2023.

IPO Open DateOct 30, 2023
IPO Close DateNov 01, 2023
Basis of Allotment DateNov 06, 2023
Initiation of RefundsNov 07, 2023
Credit of Shares to Demat AccountNov 08, 2023
IPO Listing DateNov 09, 2023

IPO Lot Size

The Transteel Seating Technologies IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹140000).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding83.75%
Post Issue Share Holding53.83%

Company Financials:

For the year/period ended (₹ in Lakhs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 2538.33 2287.74 -0.59
31-Mar-22 3609.10 2806.74 159.08
31-Mar-23 8347.06 5961.43 909.36

Objects of the Issue:

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 IPO Registrar:

Bigshare Services Pvt Ltd

Transteel Seating Technologies IPO Lead Manager(s):

Gretex Corporate Services Limited Pantomath Capital Advisors Pvt Ltd

Company Contact Information:

Transteel Seating Technologies

No. 28, 4th Main, Industrial Suburb


Bangalore 560022,