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IPO

IPO Details


Transteel Seating Technologies Ltd
Registered Office: #28 4th Main Industrial Suburb, Yeshwanthpur, Bangalore - 560022, Karnataka
Phone: +91 80953 46346
Email: info@transteel.com
Website: www.transteel.com
Initial public offer of upto 71,40,000* equity shares of face value of Rs. 10.00 each (Equity Shares) of Transteel Seating Technologies Limited (the Company or the Issuer) for cash at a price of Rs. 70 per equity share including a share premium of Rs. 60 per equity share (the Offer Price) aggregating to Rs. 49.98 crores (The Offer) comprising a fresh issue of up to 67,84,000* equity shares by the company aggregating up to Rs. 47.49 crores (the Fresh Issue) and an offer for sale of up to 3,56,000* equity shares aggregating up to Rs. 2.49 crores (The Offer for Sale), by Nasreen Shiraz (Promoter Selling Shareholder). The offer shall constitute 35.38 %* of the post-offer paid-up equity share capital of the company. The offer includes a reservation of upto 7,14,000* equity shares aggregating to Rs. 5.00 crores will be reserved for subscription by market maker to the offer (the Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. net offer of upto 64,26,000* equity shares aggregating to Rs. 44.98 crores (the Net Offer).
Issue Money Payable On
Opens On Closes On Application Allotment
30-Oct-2023 01-Nov-2023 ₹ 70.00 ₹ 0.00
Minimum Application for shares in Nos : 2000 Further Multiples of : 2000
(₹)Cr. Lead Managers to the Issue
Project Cost 41.87 Gretex Corporate Services Ltd
Project Financed through Current Offer 49.98
Post Issue Equity Share Capital 20.18
Issue Price ₹70.00
Projects
Prepayment/Repayment of Existing Debt Facility
Purchase of Equipments to Facilitate Manufacturing
Working Capital Requirements
General Corporate Purposes
Promoted By
Shiraz Ibrahim
Nasreen Shiraz
Listing At
NSE - SME
Registrar to the Issue
Bigshare Services Pvt Ltd

INDIAN INDICES

Sensex

83,184.80 236.57 (0.29%)

Nifty

25,415.80 38.25 (0.15%)

GLOBAL INDICES

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NASDAQ

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