TRANSRAIL LIGHTING LIMITED INITIAL PUBLIC OFFERING TO OPEN ON THURSDAY, DECEMBER 19, 2024


Transrail Lighting Limited (“TLL” or “The Company”), shall open the Bid / Offer Period in relation to its initial public offer of the Equity Shares on Thursday, December 19, 2024 for subscription and close on Monday, December 23, 2024. The Anchor Investor Bid/Offer Period opens and closes on Wednesday, December 18, 2024.

The initial public offering comprises of a fresh issue of Equity Shares aggregating up to ₹4,000 million  and an offer for sale aggregating up to 10,160,000 Equity Shares (“Offer for Sale”) by one of the Promoters of the Company, Ajanma Holdings Private Limited (“Promoter Selling Shareholder”).

The Company proposes to utilize the Net Proceeds towards funding (i) incremental working capital requirements of the Company; (ii) capital expenditure of the Company; and (iii) general corporate purposes.

The Price Band of the Offer has been fixed at ₹ 410.00 to ₹ 432.00 per Equity Share. Bids can be made for a minimum of 34 Equity Shares and in multiples of 34 Equity Shares thereafter.

The Equity Shares of the Company are proposed to be listed on the stock exchanges being BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE” together with BSE, the “Stock Exchanges”). For the purposes of the Offer, BSE is the Designated Stock Exchange.

Inga Ventures Private Limited, Axis Capital Limited, HDFC Bank Limited and IDBI Capital Markets & Securities Limited are the book running lead managers to the Offer (The “BRLMs”).

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