Subscribe for Transrail Lighting Ltd IPO; Anand Rathi

Anand Rathi, has come out with its report on Transrail Lighting Ltd. The research firm has recommended to “ Subscribe” the ipo in its research report as on December 17 2024.

Broker Research

December 18, 2024 / 15:30 IST

IPO

Anand Rathi, Transrail Lighting Ltd

Transrail Lighting Limited is an Indian engineering, procurement and construction (“EPC”) company. The company primarily focuses on power transmission and distribution business and integrated manufacturing facilities for lattice structures, conductors, and monopoles. They have a track record of four decades in providing comprehensive solutions in the power transmission and distribution sector, on a turnkey basis globally and have been a trusted and longstanding partner. They have completed more than 200 projects in power transmission and distribution vertical since their inception, along with comprehensive and extensive project execution capabilities in terms of manpower, supply of materials (including selfmanufactured products) and availability of world class machinery, both in India and internationally (majorly across Asia and Africa).

Valuation and Outlook

The company is well-positioned to supply T&D products and efficiently manage multiple projects across various countries. We believe that the issue is fairly priced and recommend “Subscribe – Long Term” rating to the IPO.

For all IPO report, click here