Transteel Seating Technologies IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 01, 2023Let’s have a detailed review of the company and analytics of the Transteel Seating Technologies IPO release date, IPO offer price, subscription, Transteel Seating Technologies Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 67 to Rs 70 |
| Listing At | NSE, SME |
| Min. Order Quantity | 2000 Shares |
| Listing Date | November 9, 2023 |
| Offer for Sale | Rs 249 Lakh |
| Fresh Issue | Rs 4749 Lakh |
| IPO Size | Rs 4998 Lakh |
| Tick Size | 1 |
Transteel Seating Technologies IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Transteel Seating Technologies Share Price |
Transteel Seating Technologies IPO – Summary
Their Company was originally incorporated on February 08, 1995, as a Private Limited Company as “Transteel Seating Technologies Private Limited” under the provisions of the Companies Act, 1956 with the Registrar of Companies, Karnataka, Bangalore.
Later in the year 2022, pursuant to a Special Resolution of their Shareholders passed in the Extraordinary General Meeting held on November 04, 2022, their Company was converted from a Private Limited Company to a Public Limited Company.
The Promoter of this company is : MR. SHIRAZ IBRAHIM AND MS. NASREEN SHIRAZ. The lead manager of the issue is GRETEX CORPORATE SERVICES LIMITED and PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Transteel Seating Technologies IPO Date
The opening and closing dates of Transteel Seating Technologies IPO are October 30, 2023, and November 1, 2023, respectively.
Transteel Seating Technologies IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 30th Oct | 0.00x | 1.76x | 2.74x | 1.72x |
| 2nd Day – 31st Oct | 0.32x | 2.91x | 7.99x | 4.65x |
| 3rd Day – 1st Nov | 0.32x | 7.47x | 12.73x | 7.95x |
| Shares Offered or Net Issue | 1,350,000 | 966,000 | 2,250,000 | 5,280,000 |
The shares subscribed by the public will be updated here.
Transteel Seating Technologies IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Transteel Seating Technologies Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | November 6, 2023 |
| Refunds Initiation | November 7, 2023 |
| Credit of Shares to Demat Account | November 8, 2023 |
| Share Listing Date | November 9, 2023 |
Transteel Seating Technologies IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 67 to Rs 70
Transteel Seating Technologies IPO Equity Size
This Initial Public Issue of 7,140,000 Equity Shares of Rs.10 each for cash at a price of Rs 67 to Rs 70 per equity share aggregating to Rs.4998 Lakh.
Transteel Seating Technologies IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 6,784,000 Equity Shares of Rs.10/ each.
Issue Size: 7,140,000 Equity Shares of Rs.10 each, aggregating to Rs.4998 Lakh
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Transteel Seating Technologies IPO – Live Performance
The listing date of this IPO is November 9, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Transteel Seating Technologies Share Price |
Transteel Seating Technologies IPO Grey Market Premium
The Transteel Seating Technologies Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Transteel Seating Technologies IPO – Company Overview
Their company has its manufacturing facility situated at No. 28, 4th Main, Industrial Suburb, Yeshwanthpur, Bangalore 560022, Karnataka, India. They outsource the mould of their products to the vendors to prepare them as per their requirements, these moulds are then given to Injection moulding vendors to mould the part of the products.
Once the parts are ready they are sourced to the factory where they have developed assembly lines to assemble each product. Also, some of the products are manufactured at their factory.
Their company have also expanded its presence in Mumbai, Chennai, Delhi NCR, Pune and Hyderabad. The following tables give a view of sales across India.
Transteel Seating Technologies IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Sep-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 10,062.18 | 8,347.06 | 3,609.10 | 2,538.33 |
| *Total Revenue | 3,133.39 | 5,961.43 | 2,806.74 | 2,287.74 |
| Total Expense | 2,556.76 | 4,697.86 | 2,588.53 | 2,267.37 |
| Profit After Tax | 417.64 | 909.36 | 159.08 | (0.59) |
Earnings per Equity Share (in Lakh)
| 30-Sep-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 3.12 | 6.80 | 1.19 | 0.01 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 909.36 Lakh, Rs. 159.08 Lakh and Rs. (0.59) Lakh respectively.
Transteel Seating Technologies IPO – Promoters
The Promoter of this company is:
- MR. SHIRAZ IBRAHIM
- MS. NASREEN SHIRAZ
List of Related Parties (Key Managerial Personnel)
- Shiraz Ibrahim, Managing Director
- Nasreen Shiraz, Executive Director
- Karan Atul Bora, Non-Executive Director
- Mukesh Singh, Independent Director
Transteel Seating Technologies IPO – Promoters Holding
- Pre-Issue Share Holding – 83.75%
- Post-Issue Share Holding – 53.83%
Transteel Seating Technologies IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 71,40,000 Equity Shares aggregating up to Rs.[●] Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 7,14,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 64,26,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 22,50,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 9,66,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,33,94,510 Equity Shares |
| Equity Shares outstanding after the Issue | 2,01,78,510 Equity Shares |
Transteel Seating Technologies IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Prepayment/Repayment of Certain Debt Facility availed by their Company
- Purchase of Equipment to Facilitate Manufacturing
- Working Capital Requirements
- General Corporate Purposes
Transteel Seating Technologies IPO – Business Strategy
- Leveraging their Market Skills and Relationships
- Enhance customer base and establish long-term relationships
- To build up a professional organization
Transteel Seating Technologies IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Promoters
- Sales, Marketing and Distribution Capabilities
- Brand Positioning
- Quality Assurance & Control
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 162.95 | 37.21 | 437.96 |
| 31-Mar-22 | 668.28 | 25.26 | 2645.30 |
| Mar-21 | 7.84 | 0.40 | 1977.02 |
Transteel Seating Technologies IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Transteel Seating Technologies Limited | 10 | [●] | 6.80 | 37.21 | 5,947.95 |
| Listed Peers | |||||
| Seasons Furnishing Limited | 10 | 11.54 | 0.35 | (40.95) | 751.20 |
| Shashwat Furnishing Solutions Limited | 10 | 31.73 | 1.04 | 5.44 | 456.80 |
Transteel Seating Technologies IPO Lead Managers
| Lead Managers |
| GRETEX CORPORATE SERVICES LIMITED
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED |
Transteel Seating Technologies IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED S6-2, 6th Pinnacle Business Park, Mahakali Caves Road, next to Ahura Centre, Andheri East, Mumbai- 400093, Maharashtra, India Tel No.: +91 – 22 – 6263 8200; Fax No.: +91 – 22 – 6263 8299 E-mail: ipo@bigshareonline.com Investor Grievance E-mail: investor@bigshareonline.com Website: www.bigshareonline.com Contact Person: Mr. Asif Sayyed SEBI Registration No.: INR000001385 |
Transteel Seating Technologies IPO – Other Details
- Statutory Auditor – M/s Gupta Agarwal & Associates Chartered Accountants
- Legal Counsel to the Company – M/S. M. V. KINI LAW FIRM KINI
- Bankers to the Company – ICICI BANK LIMTED
Transteel Seating IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Transteel Seating Technologies Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Transteel Seating Technologies IPO Review FAQs
Check out various FAQs related to Transteel Seating IPO:
What is the Issue Size of Transteel Seating Technologies IPO?
The Company is making an initial public offer of 7,140,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Transteel Seating IPO?
The price band for this particular IPO ranges between Rs 67 to Rs 70. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Transteel Seating IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on October 30, 2023, while the closing date is set at November 1, 2023.
What is the Transteel Seating IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on November 6, 2023, refund initiation is on November 7, 2023, credit of shares is on November 8, 2023, and share listing date is on November 9, 2023.
What is the Transteel Seating Technologies IPO Listing Date?
Shares of this company shall be listed in the exchanges on November 9, 2023. The date, when the listing would be done, is stagnant on November 9, 2023.
Who is the Registrar of Transteel Seating IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Transteel Seating IPO?
Here are the promoters of this IPO -: MR. SHIRAZ IBRAHIM AND MS. NASREEN SHIRAZ. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Transteel Seating IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are also included in this report.
Is Transteel Seating IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Transteel Seating Technologies Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 909.36, 2022 is 159.08, and 2021 is (0.59). PAT from Sep 2023 is 417.64.
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