Transrail Lighting IPO Allotment Today: How to Check Allotment Status?

Transrail Lighting IPO, one of the upcoming IPO, will announce the allotment of shares for its ₹839 crore Initial Public Offering (IPO) today, December 24. The 3-day IPO, which ran from December 19 to December 23, received a strong response, with an overall subscription of 81 times. 

After the allotment is finalised, investors can check their status on the official websites of BSE, NSE, or Link Intime, the IPO’s registrar.

Subscription Status

• Institutional Investors-Subscribed 197 times the 37.95 lakh shares reserved for them.
• Non-Institutional Investors (NIIs)-Subscribed 76.41 times.
• Retail Investors-Subscribed 22.07 times.
• Employees-Subscribed 4.07 times.

Shares will be credited to successful bidders’ Demat accounts, and refunds for unsuccessful bids will be processed on December 26. Transrail Lighting’s shares will be listed on the stock exchanges (NSE and BSE) on December 27.

About Transrail Lighting Ltd

Transrail Lighting Ltd. is an Indian Engineering, Procurement, and Construction (EPC) company specialising in power transmission and distribution. It operates integrated manufacturing facilities for lattice structures, conductors, and monopoles. The company has a strong global presence, operating in over 58 countries.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.