Transrail Lighting Limited
- Minimum Investment₹13,940
- Price Range₹410 - ₹432
- Issue Size₹838.91 Cr
- Lot Size34 shares
Proceeds of this IPO to be used for
Funding incremental working capital requirements of the company.
Funding capital expenditure of the company.
General corporate purposes.
Strengths & Weaknesses of Transrail Lighting Limited
Established presence in power transmission and distribution
The company has completed more than 200 projects in the power transmission and distribution vertical, along with comprehensive and extensive project execution capabilities in terms of manpower, supply of materials (including self-manufactured products), and availability of world-class machinery, both in India and internationally
Established manufacturing facilities
The company's factories are fitted with advanced computer numerical control (“CNC”) machines, plasma/gas-cutting machines, shearing machines, welding facilities, large-sized galvanizing baths, wire drawing machines, and furnaces. As of June 30, 2024, it has supplied 1.3 million metric tonnes (MMT) of towers, 194,534 kilometers (km) of conductors, and 458,705 poles.
Experienced team
The company has developed key competencies and resources in-house to deliver a project from conceptualization until completion. It has an experienced team of 83 designers and engineers who are specialists in each segment of the business, with a total cumulative experience of more than 17,000 man-months
Long execution periods
The company's project management and turnkey EPC contracts have long execution periods, and time overruns, project-related estimated costs, and revenue estimates may vary from the actual costs incurred and actual revenues generated, which may adversely affect the business, financial condition, results of operations, and future prospects
Dependent on government tenders
The company's business is substantially dependent on tenders being floated by government authorities, public sector undertakings, and utilities, from which it derives a significant portion of its revenues, i.e., approximately 70% of the revenue from operations for three months ended June 30, 2024. Any delays in tenders released by the government authorities or lack of tenders being released by the government entities may have a material adverse effect on its business
Substantial capital expenditure
The company has substantial capital expenditure and working capital requirements involving relatively long implementation periods, and it may require additional financing to meet those requirements. Its indebtedness and the conditions and restrictions imposed on it by its financing arrangements could adversely affect the business
Financials
Earnings Per Share
Balance Sheet
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Total Current Liabilities | -- | |
Total Non-Current Liabilities | -- | |
Total Capital Plus Liabilities | -- | |
Total Shareholder Funds | -- | |
Total Debt to Equity | -- |
Cash Flow
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Cash from Operating Activity | -- | |
Cash from Financing Activities | -- | |
Cash from Investing Activities | -- | |
Net Cash Flow | -- |
About Transrail Lighting Limited
- PromoterAjanma Holdings Private Limited
- PromoterDigambar Chunnilal Bagde
- PromoterSanjay Kumar Verma