Transrail Lighting Ltd - IPO

Transrail Lighting Ltd IPO Details

Initial public offering of 19,419,258* equity shares of face value of Rs. 2 each (Equity Shares) of Transrail Lighting Limited (The Company or the Company) for cash at a price of RS. 432 per equity share (including a premium of RS. 430 per equity share) (Offer Price) aggregating to Rs. 838.91 crores* (the Offer) comprising a fresh issue of 9,259,258* equity shares of face value of Rs. 2 each aggregating to Rs. 400.00 crores* (the Fresh Issue) and an offer for sale (the Offer for Sale) of 10,160,000* equity shares of face value of Rs. 2 each aggregating to Rs. 438.91* crores by Ajanma Holdings Private Limited (Promoter Selling Shareholder) (Offered Shares). The offer constitutes 14.46 % of the post-offer paid-up equity share capital of the company. The company, in consultation with the brlms, undertook a private placement of specified securities, as permitted under applicable laws, to specified persons, for an amount aggregating to Rs. 50.00 crores (pre-ipo placement). The pre-ipo placement has not exceeded 20% of the fresh issue. The pre - ipo placement was at a price decided by the company, in consultation with the brlms. Since the pre-ipo placement was undertaken, the amount raised from the pre-ipo placement aggregating to Rs. 50.00 crores has been reduced from the fresh issue, subject to the offer complying with rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended (scrr). The company has appropriately intimated the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. The offer included a reservation of 439,814* equity shares, aggregating to Rs. 19.00 crores (constituting 0.33 % of the post offer paid-up equity share capital of the company) for subscription by eligible employees (the Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer constitutes 14.46% and 14.14%, respectively, of the post-offer paid-up equity share capital of the company. The face value of equity shares is Rs. 2 each. The offer price is 216 times the face value of the equity shares. *Subject to finalisation of basis of allotment

Objective of issue

Funding incremental working capital requirements of the company. Funding capital expenditure of the company. General corporate purposes.

Transrail Lighting Ltd Contact Details

Transrail Lighting Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@transraillighting.com

Website - www.transrail.in