IPO : Transteel Seating Technologies Limited
Transteel Seating Technologies Limited IPO
Transteel, a trusted furniture provider with over 20 years of corporate and B2B experience, embraced a digital-first approach in 2019, revolutionizing customer engagement.
Thank you for reading this post, don't forget to subscribe!With seamless online browsing and purchasing, we have served over 80,000 satisfied customers and expanded across seven cities in India. Customer satisfaction is our top priority, offering an exceptional experience at every touchpoint. Our user-friendly website enables effortless selection of furniture to transform office spaces according to corporate and B2B requirements, style, and budget. With an extensive product range, superior quality, and customer-centricity, Transteel leads the industry. We continuously introduce new designs to meet the evolving needs of modern workspaces.
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| SYMBOL | TRANSTEEL |
| ISSUE TYPE | Book Built Issue IPO |
| ISSUE OPENS ON | October 30, 2023 (Monday) |
| ISSUE CLOSES ON | November 1, 2023 (Wednesday) |
| ISSUE PRICE | Rs.67 To Rs.70 per share |
| ISSUE SIZE | Up to Rs.49.98 Crores |
| FACE VALUE | Rs.10 per share |
Transteel Seating Technologies IPO is a book built issue of Rs 49.98 crores. The issue is a combination of fresh issue of 67.84 lakh shares aggregating to Rs 47.49 crores and offer for sale of 3.56 lakh shares aggregating to Rs 2.49 crores.
Transteel Seating Technologies IPO opens for subscription on October 30, 2023 and closes on November 1, 2023. The allotment for the Transteel Seating Technologies IPO is expected to be finalized on Monday, November 6, 2023. Transteel Seating Technologies IPO will list on NSE SME with tentative listing date fixed as Thursday, November 9, 2023.
Transteel Seating Technologies IPO price band is set at ₹67 to ₹70 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹280,000.
| MINIMUM BID | 2000 shares |
| MINIMUM AMOUNT | Rs.1,40,000 |
| MAXIMUM BID | 2000 shares |
| MAXIMUM AMOUNT | Rs.1,40,000 |
| PROMOTER HOLDING | 53.83 % (Post-issue) |
| LISTING DATE | November 9,2023 (Thursday) |
| LISTING AT | NSE-SME |
Gretex Corporate Services Limited and Pantomath Capital Advisors Pvt Ltd are the book running lead managers of the Transteel Seating Technologies IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Transteel Seating Technologies IPO is Gretex Share Broking.
Refer to Transteel Seating Technologies IPO RHP for detailed information.
Objects of the Issue (Transteel Seating Technologies IPO Objectives)
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects (“Objects of the Issue”):
a) Prepayment/Repayment of Certain Debt Facility availed by our Company
b) Purchase of Equipments to Facilitate Manufacturing
c) Working Capital Requirements
d) General Corporate Purposes.
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