By laksh5382 
Transrail Lighting IPO Day 1 Live Updates: The public offering for engineering and construction company Transrail Lighting is set to begin today (Thursday, December 19), with a price band of 410-432 per share. This IPO, scheduled to close on December 23, has been generated 245.97 crore through its anchor book on 18th December.
Several leading institutional investors including Vinro Commercial, ICICI Prudential Mutual Fund, Tata Mutual Fund, LIC Mutual Fund, Bandhan Mutual Fund, SBI General Insurance, ITI Mutual Fund, Nuvama, Taurus Flexi Cap Fund, Citrus Global Arbitrage Fund and BNP Paribas Financial Markets have participated. Invested in the company through Anchor Book.
The company’s planned IPO involves issuing a new share in total Rs 400 crore with the sale of 1.01 crore equity shares by its promoter, Ajanma Holdings Pvt Ltd. Currently, Ajanma Holdings holds 83.22 per cent stake in the Mumbai-based firm. At the highest point of the price range, the IPO is valued at 839 crore, resulting in a market capitalization of approx 5,600 crores.
Transrail Lighting stands as a leading EPC company in India, primarily focusing on power transmission and distribution. They also operate integrated manufacturing facilities for lattice structures, conductors and monopoles.
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Transrail Lighting IPO Day 1 Live Updates: What GMP signals before subscription
Transrail Lighting IPO GMP is +145 today. This indicates that Transrail Lighting’s share price was trading at a premium. 145 in the gray market, according to InvestorGain.com.
The estimated listing price of Transrail Lighting share price is shown here, taking into account the upper end of the IPO price band and the existing premium in the gray market. 577 per share, which is 33.56% higher than the IPO price 432.
Based on gray market activities over the last nine sessions, the current GMP ( 145) indicates a possible decline. Minimum GMP has been recorded 0, while the maximum is According to experts at InvestorGain.com, 145.
The ‘grey market premium’ refers to the willingness of investors to pay more than the issue price.
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