Transrail Lighting shares made their stock market debut today, listing at Rs 590 on the NSE, marking a premium of 37 percent over the issue price of Rs 432 per share. The robust listing was broadly in line with market expectations, and comes on the back of strong investor demand during the IPO, which was subscribed 81 times.
Highlights of Transrail Lighting IPO and listing
Engineering and construction company Transrail Lighting raised Rs 839 crore through its IPO, which closed on December 23. The public issue included a fresh issue of Rs 400 crore and an offer-for-sale of Rs 438.9 crore by promoter Ajanma Holdings. Proceeds from the fresh issue will be utilised for working capital requirements, capital expenditure, and general corporate purposes.
What should investors do now?
Analysts remain optimistic about the company’s long-term potential. Narendra Solanki, Head of Fundamental Research at Anand Rathi Shares, advises investors to hold shares to benefit from Transrail Lighting’s strong order book of Rs 10,213 crore and market visibility. "The issue is fairly priced, and long-term growth is supported by the company’s diversification plans and global presence," he said.
For conservative investors, analysts suggest booking partial profits on listing gains, while long-term investors may retain their positions to capitalise on the company’s growth in the power transmission and distribution sector.
Growth outlook
Transrail Lighting’s strategic focus on expanding its global footprint and entering new markets positions it well to tap into the growing demand for power infrastructure. With a presence in 58 countries and an integrated manufacturing capability, the company is expected to deliver stable growth backed by its robust order book and favourable market trends.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
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