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SME IPO Status: Listed [30th Oct 2023 to 1st Nov 2023]
Transteel Seating Technologies Limited is bringing its IPO at NSE Emerge. The total equity shares worth Rs 49.98 Cr comprise both the fresh issue and the OFS issue. You can apply in this IPO application from its subscription period 30 Oct 2023 to 01 Nov 2023. The face value of each share is Rs 10. To apply in this IPO application you have to buy at least 2000 shares or its multiples at the Issue price band ranging from Rs 67 to Rs 70 per share.
So please stay connected with us to get the latest update for the IPO of Transteel Seating Technologies Limited including company overview, financials, live subscription, allotment, GMP and more.
| SME IPO Issue Opening Date: | 30th Oct 2023 |
| SME IPO Issue Closing Date: | 1st Nov 2023 |
| SME IPO Issue Price: | ₹67.00-70.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹49.98 Cr |
| Offer for Sale: | ₹2.49 Cr |
| Fresh Issue: | ₹47.49 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 83.75% |
| Promoter Holding Post IPO: | 53.83% |
| Allotment Status: | Allotment Status |
| NSE Code: | TRANSTEEL |
Get important updates regarding Transteel Seating Technologies SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 5th Nov 2023 |
| Refunds Initiation* | 5th Nov 2023 |
| Credit of Shares to Demat* | 5th Nov 2023 |
| SME IPO Listing Date* | 6th Nov 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹67.00-70.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹140000 |
| Min HNI Lots: | 4000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 06-11-2023 | 70.00 | 12 | 18200 | ₹82 (17.14%) | 6-Nov-2023 9:28 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Transteel Seating Technologies Limited was established on February 08, 1995. The company has been supplying companies of all sizes for over two decades. However, in 2019, the company took a big leap by adopting a digital approach and changing the way customers engage with its brand. Thanks you to this change, customers can now conveniently browse and purchase a diverse range of furniture online.
Over the years, the company has focused on what it does well: making performance-oriented tables and chairs. Their furniture solutions blend design, value and ergonomics that ensure their backs stay in top shape day after day. Their in-house engineering and design team provides turnkey solutions as well as interior and workplace furnishings for commercial, residential and educational facilities. Their goal is to develop creative and innovative furniture designs and techniques for manufacturing all products as part of the “Make in India” initiative.
The company offers a wide range of products such as office chairs and office furniture. Its professionals strive to develop products that attract nationwide interest for their workmanship, design, colour combinations, impeccable details, quality and durability.
| Incorporation | Sector | IPO Issue Size | Website |
| 1995 | Interior Designing And Furniture | ₹49.98 Cr | http://www.transteel.com/ |
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.
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,350,000 (29.57%) | 966,000 (21.16%) | 2,250,000 (49.28%) | 4,566,000 | |
| 1 | 30th Oct 2023 19:32 | 0.00x | 1.76x | 2.74x | 1.72x |
| 2 | 31st Oct 2023 19:32 | 0.32x | 2.91x | 7.99x | 4.65x |
| 3 | 1st Nov 2023 19:31 | 12.15x | 122.88x | 39.82x | 49.21x |
Transteel Seating Technologies Limited's revenue increased by 112.4% and profit after tax (PAT) rose by 471.64% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 10,062.18 | 8,347.06 | 3,609.10 | 2,538.33 |
| Revenue | 3,133.39 | 5,961.43 | 2,806.74 | 2,287.74 |
| Profit After Tax | 417.64 | 909.36 | 159.08 | -0.59 |
| Net Worth | 2,860.86 | 2,444.11 | 629.71 | 470.63 |
| Reserves and Surplus | 1,521.41 | 2,385.87 | 605.91 | 446.82 |
| Total Borrowing | 3,853.15 | 2,691.10 | 1,326.75 | 988.55 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Transteel Seating Technologies Limited | 6.8 | 6.8 | 18.28 | 37.21 | ||
| Seasons Furnishing Limited | 0.35 | 0.35 | 11.54 | -40.95 | ||
| Shashwat Furnishing Solutions Limited | 1.04 | 1.04 | 31.73 | 5.44 |
Last Updated on 10-Nov-2023 06:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Transteel Seating Technologies SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Transteel Seating Technologies SME IPO with Zerodha.
Alternate approch to apply in Transteel Seating Technologies SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Transteel Seating Technologies SME IPO Review and Important Updates
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To subscribe or apply in Transteel Seating Technologies SME IPO, you can use the following methods:
| Transteel Seating Technologies SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Transteel Seating Technologies SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Transteel Seating Technologies SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Transteel Seating Technologies SME IPO. Most of the Syndicate Banks provide access to apply in Transteel Seating Technologies IPO via ASBA process. You must have your net banking access, DP ID information to apply in Transteel Seating Technologies SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Transteel Seating Technologies SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Transteel Seating Technologies SME IPO Review and Important Updates
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Transteel Seating Technologies SME IPO is going to be list on 06-11-2023. NSE Code for Transteel Seating Technologies is TRANSTEEL.
Other relevant questions:
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Transteel Seating Technologies SME IPO Allotment Date is 05-11-2023.
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