IPO : Transteel Seating Technologies Limited
|ISSUE TYPE||Book Built Issue IPO|
|ISSUE OPENS ON||October 30, 2023 (Monday)|
|ISSUE CLOSES ON||November 1, 2023 (Wednesday)|
|ISSUE PRICE||Rs.67 To Rs.70 per share|
|ISSUE SIZE||Up to Rs.49.98 Crores|
|FACE VALUE||Rs.10 per share|
Transteel Seating Technologies IPO is a book built issue of Rs 49.98 crores. The issue is a combination of fresh issue of 67.84 lakh shares aggregating to Rs 47.49 crores and offer for sale of 3.56 lakh shares aggregating to Rs 2.49 crores.
Transteel Seating Technologies IPO opens for subscription on October 30, 2023 and closes on November 1, 2023. The allotment for the Transteel Seating Technologies IPO is expected to be finalized on Monday, November 6, 2023. Transteel Seating Technologies IPO will list on NSE SME with tentative listing date fixed as Thursday, November 9, 2023.
Transteel Seating Technologies IPO price band is set at ₹67 to ₹70 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹280,000.
|MINIMUM BID||2000 shares|
|MAXIMUM BID||2000 shares|
|PROMOTER HOLDING||53.83 % (Post-issue)|
|LISTING DATE||November 9,2023 (Thursday)|
Gretex Corporate Services Limited and Pantomath Capital Advisors Pvt Ltd are the book running lead managers of the Transteel Seating Technologies IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Transteel Seating Technologies IPO is Gretex Share Broking.
Refer to Transteel Seating Technologies IPO RHP for detailed information.
Objects of the Issue (Transteel Seating Technologies IPO Objectives)
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects (“Objects of the Issue”):
a) Prepayment/Repayment of Certain Debt Facility availed by our Company
b) Purchase of Equipments to Facilitate Manufacturing
c) Working Capital Requirements
d) General Corporate Purposes.
- SMART IPO using UPI, you can now apply online
For Existing Clients : https://gudwil.in/IPO
Open an account : https://gudwil.in/smartFurther any clarification, feel free to contact your Branch / Relationship Manager.For all your investment needs feel free to reach us. Give us a missed call at 90037 90027. For Support: 044-40329999Warm Regards,