Transteel Seating Technologies Ltd

Miscellaneous

Offer Period :

30th to 11th Nov 2023

Established in February 1995, Transteel, a seasoned furniture company based in Bangalore, prioritizes customer satisfaction. With over 20 years of expertise, they focus on delivering an exceptional end-to-end experience, from website visit to prompt furniture delivery. The company's competitive strengths include an experienced management team, Read more... nationwide sales and distribution channels, and a commitment to providing value for money through affordable furniture solutions.Read less

Transteel Seating Technologies Ltd IPO Details

IPO Date 30th to 11th Nov 2023 Minimum Investment ₹140000 / 1 Lots
Listing Date 2023-11-06 Maximum Investment ₹140000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹49.98 Crores
Price ₹70 to ₹70 per share Fresh Issue ₹47.49 Crores
Lot Size 1 Lots (2000 Shares) Offer For Sale ₹ 2.49
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 30th to 11th Nov 2023
Listing Date 2023-11-06
Face Value ₹10 per share
Price ₹70 to ₹70 per share
Lot Size 1 Lots (2000 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹140000 / 1 Lots
Maximum Investment ₹140000 / 1 Lots
Total Issue Size ₹49.98 Crores
Fresh Issue ₹47.49 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

30th Oct

IPO Starts

1st Nov

IPO Ends

2nd Nov

Allotment Date

3rd Nov

Initiation of Refund

3rd Nov

Credit of Shares to Demat Account

6th Nov

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 79.73 51.16
Public Group 20.27 48.84

Transteel Seating Technologies Ltd IPO Reservation

QIB Shares Offered 1284000(17.98%)
NII (HNI) Shares Offered 966000(13.53%)
Retail Shares Offered 2250000(31.51%)
Anchor Investor Shares Offered 1926000(26.97%)
Total Shares Offered 7140000
Total Shares With Anchor Investor 7140000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Transteel Seating Technologies Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91 - 22 - 6263 8200
Email Id ipo@bigshareonline.com
Our Website www.bigshareonline.com

Transteel Seating Technologies Ltd IPO Lead Manager

1. Gretex Corporate Services Ltd

2. Pantomath Capital Advisors Pvt Ltd

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Transteel Seating Technologies Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Transteel Seating Technologies Ltd

1. Experienced Promoters.

2. Sales, Marketing and Distribution Capabilities.

3. Brand Positioning.

4. Quality Assurance & Control.

Risks Involved

1. There are outstanding legal proceedings involving the Company, Promoters and Directors. Any adverse decision in such proceeding may have a material adverse effect on its business, results of operations and financial condition.

2. Its Registered Office, Factory, Showroom and our Warehouses are not owned by it. The same are occupied by it on a lease basis. Disruption of its rights as lessee or termination of the agreements with the lessor would adversely impact the company operations and, consequently, its business.

3. The company product is subject to frequently changing designs, patterns, customer requirements and tastes, its inability to meet such needs or preferences may affect the company business.

4. The Company's failure to maintain the quality standards of the products could adversely impact its business, results of operations and financial condition.

5. The company face competition in its business from domestic competitors. Such competition would have an adverse impact on the business and financial performance.

6. The company is dependent on various kinds of Supplier for the supply of raw materials, services and finished goods.

7. Its ability to remain competitive may be adversely affected by rapid technological changes and its ability to access such technology.

8. The company's business involves usage of manpower and any unavailability of the employees or shortage of contract labour or any strikes, work stoppages, increased wage demands by workmen or changes in regulations governing contractual labour may have an adverse impact on its cash flows and results of operations.

9. Its business is capital intensive. If its experience insufficient cash flows to meet required payments on the company debt and working capital requirements, there may be an adverse effect on its operations.

10. Heavy dependence on the Promoters for the continued success of its business through his continuing services, strategic guidance and support.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Transteel Seating Technologies Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-11-06 91652 TRANSTEEL
INE0NVI01020
₹70 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹70 ₹70
Open ₹0 ₹88.9
Low ₹0 ₹86.1
High ₹0 ₹93.3
Low ₹0 ₹86.1

Frequently Asked Questions

What is Transteel Seating Technologies Ltd IPO?

Answer Field

Transteel Seating Technologies Ltd IPO is a SME IPO of 71,40,000 equity shares of a face value of ₹10 aggregating up to ₹49.98 Crores. The issue is priced at ₹70 to ₹70 per share. The minimum order quantity is 2000 Shares. The IPO opens on October 30, 2023, and closes on November 01, 2023. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Transteel Seating Technologies Ltd IPO will open?

Answer Field

The Transteel Seating Technologies Ltd IPO opens on October 30, 2023 and closes on November 01, 2023.

What is the lot size of Transteel Seating Technologies Ltd?

Answer Field

Transteel Seating Technologies Ltd lot size is 2000 shares, and the minimum amount required is ₹1,40,000.

How to apply for Transteel Seating Technologies Ltd IPO?

Answer Field

You can apply in Transteel Seating Technologies Ltd 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 Transteel Seating Technologies Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Transteel Seating Technologies Ltd IPO will be done on November 02, 2023, and the allotted shares will be credited to your demat account by November 03, 2023.

When is Transteel Seating Technologies Ltd IPO listing date?

Answer Field

The Transteel Seating Technologies Ltd listing date is November 06, 2023.

Who is the registrar of Transteel Seating Technologies Ltd IPO?

Answer Field

The registrar of Transteel Seating Technologies Ltd IPO is Bigshare Services Pvt Ltd

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

Answer Field

Gretex Corporate Services Ltd,Pantomath Capital Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Transteel Seating Technologies Ltd IPO?

Answer Field

The fresh issue size is ₹47.49 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Transteel Seating Technologies Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 2000 shares and ₹1,40,000 amount.

How can I approve the UPI mandate request for Transteel Seating Technologies Ltd IPO?

Answer Field

To apply for Transteel Seating Technologies Ltd 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 Transteel Seating Technologies Ltd?

Answer Field

The price of each Transteel Seating Technologies Ltd share will be ranging in between ₹70 to ₹70 per share.

What is the cut-off time for the UPI mandate for Transteel Seating Technologies Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, November 01, 2023.

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