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:-
- 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.
Company Promoters
IPO Details
| IPO Opening Date | Oct 30, 2023 |
| IPO Closing Date | Nov 01, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹67 - 70 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE 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)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| 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 Date | Oct 30, 2023 |
| IPO Close Date | Nov 01, 2023 |
| Basis of Allotment Date | Nov 06, 2023 |
| Initiation of Refunds | Nov 07, 2023 |
| Credit of Shares to Demat Account | Nov 08, 2023 |
| IPO Listing Date | Nov 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).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹140000 |
| Maximum | 1 | 2000 | ₹140000 |
IPO Promoter Holding
| Pre Issue Share Holding | 83.75% |
| Post Issue Share Holding | 53.83% |
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
Yeshwanthpur
Bangalore 560022,
