IPO Details
Bidding Dates
30 Oct '23 - 01 Nov '23
Minimum Investment
₹140,000 / 1 lots ( 2000 Shares )
Price Range
₹67 - ₹70
Maximum Investment
₹140,000 / 1 lots ( 2000 Shares )
Retail Discount
Not Applicable
Issue Size
₹49.98 Cr
Investor category and sub category
Qualified Institutions Buyers | Non-Institutional Investors | Retail Investors |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Oct 30, 2023
IPO Closing Date
Nov 1, 2023
Basis of Allotment
Nov 6, 2023
Initiation of Refunds
Nov 7, 2023
Credit of Shares to Demat Account
Nov 8, 2023
IPO Listing Date
Nov 9, 2023
UPI Mandate Expiry Date
Nov 1, 2023
Transteel Seating Technologies IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Oct 30, 2023 |
0.00x | 1.76x | 2.74x | 1.72x |
Day 2Oct 31, 2023 |
0.32x | 2.91x | 7.99x | 4.65x |
Day 3Nov 1, 2023 |
12.15x | 122.88x | 39.82x | 49.21x |
Transteel Seating Technologies IPO Subscription Live Status
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 12.15 |
| Non-Institutional Buyers | 122.88 |
| Retail Investors | 39.82 |
| Total | 49.21 |
About Company
Incorporated in 1995, Transteel Seating Technologies Limited is a furniture provider. The company has been in the industry for over 2 decades and serves businesses of all sizes, including corporate and B2B. Since its incorporation, it has developed the skill and expertise in making chairs, office furniture and other residential and commercial furniture.
The company has its manufacturing facility in Bangalore, and it has expanded its business footprints in Mumbai, Chennai, Delhi NCR, Pune and Hyderabad. It generates revenue via online, offline and omni channels (a combo of offline & online). During FY 2023, the company generated 40% of revenue from online channels, 30% from offline and the remaining 30% from omni channels.
Traditionally, the Indian furniture market has been unorganised due to the excessive reliance on local carpenters for customised wood-based products. However, the market share of organised players is growing due to changing consumers' preferences for quality products and increased economic formalisation due to the implementation of GST. The online furniture spend is likely to reach US$ 2.2 billion with 5 million unique shoppers by FY 2025-26.
Transteel Seating Technologies Limited IPO Details
Transteel Seating Technologies Limited IPO Date
Transteel Seating Technologies Limited's IPO is a mix of fresh issue and offer for sale (OFS). The fresh issue comprises 67,84,000 shares aggregating up to ₹47.49 Cr, and the OFS comprises 3,56,000 shares of ₹10 aggregating up to ₹2.49 Cr. Transteel Seating Technologies Limited’s IPO will be listed on the NSE SME on November 09, 2023. It is a book-built issue IPO.
Transteel Seating Technologies Limited IPO Price Band
The price range of the IPO has been fixed at ₹67 to ₹70 per share.
The Transteel Seating Technologies Limited IPO lot size is 2,000 shares, and the minimum investment will be ₹1,40,000.
Transteel Seating Technologies Limited IPO Objectives
The objectives of the offer are listed below:
- Prepayment/repayment of existing debt facility.
- Purchase of equipment to facilitate manufacturing.
- Working capital requirements.
- General corporate purposes.
Peer Details
As per DRHP, Transteel Seating Technologies Limited has 2 listed peers.
- Seasons Furnishing Limited.
- Shashwat Furnishing Solutions Limited.
How To Check the Allotment Status of the Transteel Seating Technologies Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Transteel Seating Technologies Limited
Registered office: 7No. 28, 4th Main, Industrial Suburb, Yeshwanthpur,
Bangalore- 560022, Karnataka, India
Phone: +91 80953 46346
E-mail:info@transteel.com
Company Financials
| Financial year | Period Ending on March 30, 2021 ( ₹ lakh ) | Period Ending on September 30, 2023 ( ₹ lakh ) | Period Ending on March 30, 2023 ( ₹ lakh ) | Period Ending on March 30, 2022 ( ₹ lakh ) |
|---|---|---|---|---|
| Total Income | 2,287.74 | 3,133.39 | 5,961.43 | 2,806.74 |
| Profit After Tax (PAT) | -0.59 | 417.64 | 909.36 | 159.08 |
| Assets | 2,538.33 | 10,062.18 | 8,347.06 | 3,609.10 |
Know before investing
Strengths
2-
The company is involved in the manufacturing of modular furniture, and the demand for the same is rising continuously. In addition, the vast marketing and distribution network is providing an edge to the business.
-
The company plans to cater for the increasing demand of its existing customers and also to increase its existing customer base with the help of strengthening the distribution reach of its products nationwide.
Risks
2-
The company is exposed to risk arising from the increase in input cost, which can result in upward pricing.
-
The company operates in an industry which is filled with intense competition from organised and unorganised players. This can impact the result of operations.
Over-Subscribed49.21 times
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Over-Subscribed49.21 times
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Transteel Seating Technologies IPO FAQs
Transteel Seating Technologies Limited’s IPO is a mix of fresh issue and offer for sale (OFS). The fresh issue comprises 67,84,000 shares aggregating up to ₹47.49 Cr, and the OFS comprises 3,56,000 shares of ₹10 aggregating up to ₹2.49 Cr. The price range of the IPO has been decided at ₹67 to ₹70 per share.
The Basis of Allotment will be on November 06, 2023.
The IPO subscription window will open on October 30, 2023.
Retail investors can apply for a minimum of one lot containing 2,000 shares.
Transteel Seating Technologies Limited IPO will be listed on NSE SME. The date of listing is November 09, 2023.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before listing the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
