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    Tmc Transformers India Limited

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    Tmc Transformers India Limited IPO Details

    Listing Date

    -

    Bid Price

    ₹0 - ₹0

    Lot Size

    0 Shares

    Minimum Investment

    ₹

    Issue Size

    ₹0 Cr

    Key Dates to Track

        Here are the important dates you need to know in order to participate in this IPO

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    Offer Start Date

    -

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    Offer End Date

    -

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    Allotment Date

    -

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    Refund Initiation

    -

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    Demat Transfer

    -

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    Listing Date

    -

    Tmc Transformers India Limited Shareholding Pattern

      Pre-Issue Post-Issue
    Promoter Group 0% 0%
    Public Group 100% 100%

    Tmc Transformers India Limited IPO Reservation

    QIB Shares Offered 0 (0%)
    NII (HNI) Shares Offered 0 (0%)
    Retail Shares Offered 0 (0%)
    Anchor Investor Shares Offered 0 (0%)
    Total Shares Offered 0
    Total Shares With Anchor Investor 0

    Tmc Transformers India Limited IPO Lot Size

    Application Lots Shares Amount
    Retail (Min) [-] [-] ₹[-]
    Retail (Max) [-] [-] ₹[-]
    S HNI (Min) [-] [-] ₹[-]
    S HNI (Max) [-] [-] ₹[-]
    B HNI (MIN) [-] [-] ₹[-]

    Tmc Transformers India Limited IPO registrar

    MUFG Intime India Pvt Ltd
    Phone Number +91 810 811 4949
    Email Id tmctransformers.ipo@in.mpms.mufg.com
    Website https://in.mpms.mufg.com

    Tmc Transformers India Limited IPO Lead Manager

    1. Anand Rathi Advisors Limited

    2. Intensive Fiscal Services Private Limited

    Tmc Transformers India Limited Financial Information

    March 31, 2026 March 31, 2025 March 31, 2024
    Net Worth ₹178.91 Cr ₹75.61 Cr ₹28.99 Cr
    Reserves and Surplus ₹178.89 Cr ₹75.59 Cr ₹28.96 Cr
    Total Borrowing ₹117.42 Cr ₹20.7 Cr ₹22.86 Cr

    Strength of Tmc Transformers India Limited

    • Established transformer manufacturer with a demonstrated transition towards higher MVA / kV classes, supporting improved margins and customer profile.
    • Proven track record in supplying to the high-entry-barrier railway sector, supported by RDSO approvals across multiple transformer classes.
    • In-house design and engineering capabilities supported by comprehensive certification and testing infrastructure.
    • Integrated manufacturing capabilities with backward-integrated CRGO processing supporting efficiency, performance and lead time advantages.
    • Strong track record of revenue growth and profitability with continued visibility supported by our order book.

    Risks Involved

    • Our Company derives a substantial portion of its revenue from sale of transformers in the railways sector. During Fiscal 2026, Fiscal 2025 and Fiscal 2024, we derived Rs. 1,760.49 million, Rs. 771.98 million and Rs. 758.84 million which constituted 42.19%, 28.41% and 30.66% of our revenue from operations, from sale of transformers to the railways sector. Any delay in tendering, award and execution of railways projects or any reduction in demand, budgetary allocation, or capital expenditure by the railways sector could adversely affect our business, results of operations, financial condition, and cash flows.
    • We derive a substantial portion of our revenue from operations from our top 10 customers. During Fiscal 2026, Fiscal 2025 and Fiscal 2024, our top 10 customers contributed Rs. 3,114.46 million, Rs. 1,689.23 million and Rs. 1,502.97 million which constituted 74.65%, 62.17 % and 60.72%, respectively, of our revenue from operations. Any loss of any such customers, reduction in orders, adverse changes in their business or financial condition, payment delays could adversely affect our business, results of operations, financial condition and cash flows.
    • Our business is largely dependent on top 10 suppliers being able to procure and provide us with our raw materials. During Fiscal 2026, Fiscal 2025 and Fiscal 2024, purchases from our top 10 suppliers amounted to Rs. 1,900.08 million, Rs. 1,056.73 million and Rs. 1,073.48 million, respectively, constituting 79.92%, 63.32% and 53.38% of the cost of goods sold. We do not have long-term supply arrangements with our suppliers. If one or more of our existing suppliers discontinue their supplies to us, or any inability on our part to procure raw materials from alternate suppliers in a timely manner, or on commercially acceptable terms, the same may adversely affect our business, financial condition and results of operations.
    • We have had instance of delays in payments of statutory dues by our Company in the Fiscal 2026, 2025 and 2024. Any delays in payment of statutory dues in near furture may result in prosecution, imposition of penalties and other actions under applicable law, which may have an adverse impact on our reputation, financial condition and cash flows.
    • Our Company has filed suo-moto adjudication applications for non-compliance with certain provisions under Companies Act, 2013. Consequently, we may be subject to adverse regulatory actions and penalties for any past or future non-compliance, and our business, financial condition and reputation may be adversely affected.
    • Our Statutory Auditors have included certain emphasis of matter in their special purpose consolidated financial statements for the last three years and CARO observations in audit reports of the standalone statutory audited financial statements of our Company and the subsidiary, and there is no assurance that such emphasis of matters or CARO observations will not form part of our financial statements for future periods, which, if included, may have an adverse impact on our results of operations.
    • As of March 31, 2026, our aggregate order book was Rs. 6,734.18 million. The contracts that are included in our order book may be stagnant, delayed, modified, cancelled not fully paid, executed over multiple financial periods or suspended by our customers and therefore our order book is not necessarily indicative of our future revenue or profit. Our actual revenue or profit may be different than the estimates reflected in our order book. Any delay, failure or execution difficulty with respect to projects in our order book could materially affect our business, results of operations and financial condition.
    • Our business is largely dependent on project-based orders from customers operating in the railways, metro rail, renewable energy and BESS, private DISCOM and industrial sectors, and we do not have long-term purchase commitments from them. Any inability to maintain customer relationships, secure repeat orders, qualify for or compete effectively in tender processes where applicable, or otherwise generate new business may adversely affect our business, financial condition, results of operations and cash flows. As a result, our order inflows and revenue visibility are subject to variability based on customers' project pipelines, tendering activity and capital expenditure cycles. Any slowdown in project execution or our inability to secure orders on competitive terms may adversely impact our business, results of operations and cash flows.
    • Our ability to general revenue and maintain profitability depends on sustaining adequate capacity utilisation levels at our manufacturing facilities, and any under-utilisation of our installed capacities, including any reduction in historical utilisation levels of 57.88%, 35.38% and 28.53% at our Transformer Manufacturing Facility and 68.38%, 46.62% and 41.41% at our CRGO Processing Facility in Fiscals 2026, 2025 and 2024, respectively, may adversely affect our business, future prospects, financial condition, results of operations and cash flows.
    • Our exports expose us to various risks inherent in international business operations. Our export revenues constituted Rs.688.11 million, Rs.165.31 million and Rs.340.06 million, representing 16.49%, 6.08% and 13.74%, respectively, of our revenue from operations in Fiscals 2026, 2025 and 2024. We have exported our products to Nigeria, the USA, the Middle East, Australia, Mexico, Nepal, Spain, Zimbabwe and United Kingdom, and any adverse developments in such jurisdictions or in our export operations could materially and adversely affect our business, results of operations, cash flows and financial condition.

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    Frequently Asked Questions

    What is Tmc Transformers India Limited IPO?

    Tmc Transformers India Limited IPO is a IPO of [-] equity shares of a face value of ₹[-] aggregating up to ₹[-] Crores. The issue is priced at ₹[-] to ₹[-] per share. The minimum order quantity is [-] Shares. The IPO opens on [-], and closes on [-]. MUFG Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on .

    When Tmc Transformers India Limited IPO will open?

    The Tmc Transformers India Limited IPO opens on [-] and closes on [-].

    What is the lot size of Tmc Transformers India Limited?

    Tmc Transformers India Limited lot size is [-] shares, and the minimum amount required is ₹[-].

    How to apply for Tmc Transformers India Limited IPO?

    You can apply in Tmc Transformers India Limited IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

    • Login to Bajaj Broking account App/Website & click on IPO
    • Enter the number of lots and price at which you wish to apply.
    • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
    • You will receive a mandate notification to block funds in your UPI app.
    • Approve the mandate request on your UPI and funds will be blocked.

    When is Tmc Transformers India Limited IPO allotment?

    The finalization of Basis of Allotment for Tmc Transformers India Limited IPO will be done on [-], and the allotted shares will be credited to your demat account by [-].

    When is Tmc Transformers India Limited IPO listing date?

    The Tmc Transformers India Limited listing date is [-].

    Who is the registrar of Tmc Transformers India Limited IPO?

    The registrar of Tmc Transformers India Limited IPO is MUFG Intime India Pvt Ltd

    Which company is the book-running lead manager of the IPO?

    Anand Rathi Advisors Limited,Intensive Fiscal Services Private Limited will be the book-running lead manager of this IPO.

    What is the fresh issue of Tmc Transformers India Limited IPO?

    The fresh issue size is ₹[-] Crores equity shares.

    What minimum lot size can retail subscribers subscribe to Tmc Transformers India Limited?

    Retail investors can subscribe to a minimum of one lot, [-] shares and ₹[-] amount.

    How can I approve the UPI mandate request for Tmc Transformers India Limited IPO?

    To apply for Tmc Transformers India Limited IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

    What is the price range of Tmc Transformers India Limited?

    The price of each Tmc Transformers India Limited share will be ranging in between ₹[-] to ₹[-] per share.

    What is the cut-off time for the UPI mandate for Tmc Transformers India Limited IPO?

    The cut-off time for the UPI mandate confirmation is 5:00 PM, [-].

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