Listing Details
- Listing Exchange NSE SME
- Listing Date 06-Nov-23
- IPO Price Range ₹ 67 to ₹ 70
- Listing Price ₹ 88.9
- Listing Change -
- Last Traded Price ₹ 63.7
- Current Change -
Transteel Seating IPO Details
- Open Date 30-Oct-23
- Close Date 01-Nov-23
- Lot Size 2000
- IPO Size ₹ 49.98 Cr
- IPO Price Range ₹ 67 to ₹ 70
- Min Investment ₹ 134000
- Listing Exchange NSE SME
- Basis of Allotment 06-Nov-23
- Refunds 07-Nov-23
- Credit to Demat Account 08-Nov-23
- Listing Date 09-Nov-23
Transteel Seating Technologies IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 30-Oct-23 | 0.00 | 1.76 | 2.74 | 1.72 |
| 31-Oct-23 | 0.32 | 2.91 | 7.96 | 4.63 |
| 01-Nov-23 | 12.15 | 122.88 | 39.82 | 49.21 |
Transteel Seating IPO Synopsis
Transteel Seating Technologies Limited IPO is all set to open from 30th October to 1st November 2023. Transteel Seating Technologies is a furniture company. The IPO includes a fresh issue of 6,784,000 shares worth ₹47.49 cr and an Offer For Sale (OFS) of 356,000 shares worth ₹2.49 cr. The total IPO size is ₹49.98 cr. The share allotment date is 6th November, and the IPO will be listed on 9th November on the stock exchanges. The price band is ₹67 to ₹70 per share and the lot size is 2000 shares.
Gretex Corporate Services Ltd and Pantomath Capital Advisors Pvt Ltd are the book-running lead managers for this IPO, while Bigshare Services Pvt Ltd is the registrar.
Objectives of Transteel Seating Technologies IPO:
Transteel Seating Technologies plans to utilize the raised capital from the IPO to:
● To pre-pay or repay certain borrowings obtained.
● To fund the equipment purchase for manufacturing.
● For working capital requirements.
● General corporate purposes.
About Transteel Seating Technologies
Established in 1995, Transteel Seating Technologies Limited is a furniture company. The company has years of experience in offering furniture for corporate as well as B2B sectors. Transteel’s manufacturing unit is in Yeshwanthpur, Bangalore, Karnataka and places utmost importance on customer satisfaction.
The company also recognizes that the customer's journey starts from their initial website visit and extends all the way to furniture delivery. Be it effortless website navigation, detailed product information, a smooth purchasing procedure, or swift delivery, Transteel aims to offer a remarkable experience to its customers.
Peer Comparison
● Seasons Furnishing Limited
● Shashwat Furnishing Solutions Limited
For More Information:
Webstory on Transteel Seating Technologies IPO
Transteel Seating Technologies IPO GMP
Transteel Seating Technologies Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 59.48 | 27.99 | 22.81 |
| EBITDA | 15.44 | 3.88 | 1.37 |
| PAT | 9.09 | 1.59 | -0.0059 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 83.47 | 36.09 | 25.38 |
| Share Capital | 0.58 | 0.24 | 0.24 |
| Total Borrowings | 59.02 | 29.79 | 20.68 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -3.96 | 6.03 | 1.85 |
| Net cash from / (used in) investing activities | -16.14 | -8.22 | -5.17 |
| Net cash flow from / (used in) financing activities | 20.36 | 2.22 | 3.29 |
| Net increase (decrease) in cash and cash equivalents | 0.27 | 0.019 | -0.035 |
Transteel Seating IPO Key Points
-
Strengths
1. The company has great sales, marketing, and distribution capabilities.
2. PAN-India presence is a plus.
3. The company believes in providing customers value for their money and has positioned the furniture at an affordable price.
4. Focus on Quality Assurance and Control.
5. The company has an experienced and qualified professional management team.
-
Risks
1. The company’s product is subject to frequently changing designs, patterns, customer requirements and tastes.
2. The company operates in a competitive industry.
3. The business is capital-intensive.
4. Geographical concentration of revenue can impact the business.
5. Negative cash flows in the past.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Transteel Seating IPO FAQs
What is the minimum lot size and investment required for the Transteel Seating Technologies IPO?
The minimum lot size of Transteel Seating IPO is 2000 shares and the investment required is ₹1,34,000.
What is the price band of the Transteel Seating IPO?
The price for Transteel Seating IPO is ₹67 to ₹70 per share.
When does the Transteel Seating Technologies IPO opens and closes?
Transteel Seating Technologies IPO opens from 30th October to 1st November 2023.
What is the size of the Transteel Seating Technologies IPO issue?
The size of Transteel Seating IPO is ₹49.98 cr.
What is the allotment date of the Transteel Seating Technologies IPO?
The share allotment date of Transteel Seating IPO is 6th November 2023.
What is the Transteel Seating Technologies IPO listing date?
The Transteel Seating IPO will be listed on 9th November 2023.
Who are the book runners for the Transteel Seating Technologies IPO?
Gretex Corporate Services Ltd and Pantomath Capital Advisors Pvt Ltd are the book-running lead managers for Transteel Seating IPO.
What is the objective of the Transteel Seating IPO?
Transteel Seating Technologies plans to utilize the raised capital from the IPO to:
1. To pre-pay or repay certain borrowings obtained.
2. To fund the equipment purchase for manufacturing.
3. For working capital requirements.
4. General corporate purposes.
How to apply for the Transteel Seating Technologies IPO?
To apply for Transteel Seating IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Transteel Seating Technologies IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Transteel Seating Technologies IPO
Contact Information
Transteel Seating Technologies Limited
No. 28, 4th Main, Industrial Suburb
Yeshwanthpur
Bangalore 560022,
Phone: +91 80953 46346
Email: info@transteel.com
Website: http://www.transteel.com/
Transteel Seating Technologies IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Transteel Seating Technologies IPO Lead Manager
Gretex Corporate Services Limited
Pantomath Capital Advisors Pvt Ltd