Embark on the Journey of Growth with Transteel Seating Technologies IPO! Mark your calendars as the Transteel Seating Technologies IPO subscription opens on October 30, 2023, and concludes on November 1, 2023. This book-built issue, valuing at Rs 49.98 crores, comprises a compelling combination of a fresh issue totaling 67.84 lakh shares, amounting to Rs 47.49 crores, and an offer for sale featuring 3.56 lakh shares, aggregating to Rs 2.49 crores.
The Transteel Seating Technologies IPO is championed by Gretex Corporate Services Limited and Pantomath Capital Advisors Pvt Ltd as the book running lead managers, with Bigshare Services Pvt Ltd serving as the trusted registrar for the issue. Gretex Share Broking stands as the market maker, assuring a seamless trading experience.
Transteel Seating Technologies IPO Details
Secure your stake at an attractive price band of ₹67 to ₹70 per share. The minimum application lot size is 2000 shares, with retail investors requiring a minimum investment of ₹140,000. High Net Worth Individuals (HNI) can participate with 2 lots (4,000 shares), equating to an investment of ₹280,000, ensuring substantial engagement.
| IPO Date | October 30, 2023 to November 1, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹67 to ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 7,140,000 shares (aggregating up to ₹49.98 Cr) |
| Fresh Issue | 6,784,000 shares (aggregating up to ₹47.49 Cr) |
| Offer for Sale | 356,000 shares of ₹10 (aggregating up to ₹2.49 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 13,394,510 |
| Share holding post issue | 20,178,510 |
| Market Maker portion | 714,000 shares |
Transteel Seating Technologies IPO Dates
Transteel Seating Technologies IPO opens on October 30, 2023, and closes on November 1, 2023. Anticipate the eagerly awaited allotment results to be unveiled on Monday, November 6, 2023, marking the gateway to a dynamic investment opportunity. Transteel Seating Technologies IPO is slated to list on NSE SME, with the tentative listing date set for Thursday, November 9, 2023.
| Basis of Allotment | Monday, November 6, 2023 |
| Initiation of Refunds | Tuesday, November 7, 2023 |
| Credit of Shares to Demat | Wednesday, November 8, 2023 |
| Listing Date | Thursday, November 9, 2023 |
Transteel Seating Technologies IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4,000 | ₹280,000 |
Transteel Seating Technologies IPO Prospectus
For comprehensive insights, please refer to Transteel Seating Technologies IPO RHP for detailed information on this promising investment prospect.
Objects of the Transteel Seating Technologies IPO
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects (“Objects of the Issue”):
- Prepayment/Repayment of Certain Debt Facility availed by our Company
- Purchase of Equipments to Facilitate Manufacturing
- Working Capital Requirements
- General Corporate Purposes.
About Transteel Seating Technologies Limited IPO
Your Trusted Furniture Partner Since 1995! Founded in February 1995, Transteel boasts over two decades of expertise in crafting exquisite furniture solutions tailored for the corporate and B2B sectors. Nestled in the heart of Yeshwanthpur, Bangalore, Karnataka, our state-of-the-art manufacturing unit is where innovation meets craftsmanship.
Why Choose Transteel?
- Experience Matters: With a legacy spanning more than 20 years, Transteel is backed by an experienced management team renowned for their domain expertise. Our commitment to quality is unmatched, ensuring every piece of furniture tells a story of precision and durability.
- Nationwide Reach: Transteel takes pride in its expansive sales and distribution network that spans every state in India. No matter where you are, our furniture solutions are just a click or a call away.
- Customer-Centric Approach: At Transteel, your satisfaction is our prime focus. From the moment you land on our website to the seamless delivery of your furniture, we prioritize your experience. Our user-friendly website, detailed product information, and effortless buying process guarantee a hassle-free journey.
- Affordability Redefined: Transteel adheres to a ‘Value for Money’ policy, ensuring our customers have access to top-notch, yet affordable furniture solutions. Quality and affordability coexist harmoniously in every piece we create.
Explore our wide range of furniture designed to elevate your workspace and enhance your business environment. Discover Transteel, where passion meets craftsmanship, and your furniture dreams come to life.