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graph-market IPO

Transteel Seating Technologies Ltd

Registered Office: #28 4th Main Industrial Suburb,Yeshwanthpur, Bangalore - 560022, Karnataka, India.
Phone : +91 80953 46346   Fax:
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-23 01-Nov-23 70.00-0.00 0.00-0.00
Minimum Application for shares in Nos : 2000   Further Multiples of : 2000
  Rs 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

No Data Available

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