Wed Dec 25 00:52:55 UTC 2024: ## Transrail Lighting IPO Overwhelmingly Oversubscribed, Listing Expected Friday

**Mumbai, India** – Transrail Lighting, an engineering and construction company, has successfully concluded its initial public offering (IPO), achieving an astounding 80.80 times oversubscription. The IPO, which ran from December 19-23, offered shares at ₹410-432 per share and raised a total of ₹838.91 crore (approximately $102 million USD).

The strong demand was particularly evident among qualified institutional bidders (QIBs), whose portion was oversubscribed by a massive 201.06 times. Non-institutional investors (NIIs) also showed significant interest, with a 76.41 times oversubscription. Retail investors and employees saw their portions oversubscribed 22.07 and 4.07 times respectively.

The allotment of shares is scheduled to be finalized on December 24th, with investors receiving notifications regarding their allotment or refund by December 26th. The grey market premium (GMP) currently sits at ₹190-200, suggesting a potential listing pop of up to 44%.

Transrail Lighting, established in 2008, specializes in power transmission and distribution projects, boasting a portfolio of over 200 completed projects. The company’s shares are expected to be listed on both the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE) by Friday, December 27th.

Investors can check their allotment status on the BSE website ([https://www.bseindia.com/investors/appli_check.aspx](https://www.bseindia.com/investors/appli_check.aspx)) or the Link Intime India portal ([https://linkintime.co.in/MIPO/Ipoallotment.html](https://linkintime.co.in/MIPO/Ipoallotment.html)). Link Intime India is the registrar for the issue.

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