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Transrail Lighting files DRHP with SEBI to raise funds via IPO

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Transrail Lighting files DRHP with SEBI to raise funds via IPO

Mumbai-based Transrail Lighting Limited has filed Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).

According to the draft prospectus, the issue has a face value of Rs. 2 each and consists of a fresh issue worth Rs. 450 crore and an offer for sale of up to 10,160,000 equity shares by the Promoter Selling Shareholders. The offer for sale consists of the sale of equity shares by Ajanma Holdings Private Limited.

Inga Ventures, Axis Capital, HDFC Bank, IDBI Capital Markets & Securities are the book-running lead managers for the IPO, and Link Intime India Private Limited is the registrar of the offer. The equity shares are proposed to be listed on the BSE and NSE.

Transrail Lighting is an engineering, procurement and construction (EPC) company with integrated manufacturing facilities for lattice structures, conductors, and monopoles. The company’s business is divided into four verticals, namely power transmission & distribution (including substations), civil construction, poles & lighting, and railways.

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