The Transteel Seating Technologies IPO commenced on October 30, 2023, and concluded on November 1, 2023. The allotment of shares took place on November 6, 2023, and the initiation of refunds began on November 7, 2023. The shares were credited to the demat accounts of investors on November 8, 2023. Finally, the listing of Transteel Seating Technologies on the stock exchange occurred on November 9, 2023.
The Transteel Seating Technologies IPO was priced at ₹67 to ₹70 per share, with a lot size of 2000 shares. The total issue size was ₹49.98 crores, comprising a fresh issue of ₹47.49 crores and an offer for sale of ₹2.49 crores. The IPO was listed on the NSE SME.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Transteel Seating Technologies IPO Basic Details
| Company Name | Transteel Seating Technologies Limited |
| Domain of Company | Online Furniture Store |
| Transteel Seating Technologies IPO GMP Today | ₹18 |
| Transteel Seating Technologies IPO Listing Gain | 25.71% |
| Transteel Seating Technologies IPO Open Date | October 30, 2023 |
| Transteel Seating Technologies IPO Close Date | November 1, 2023 |
| Transteel Seating Technologies IPO Allotment Date | November 6, 2023 |
| Transteel Seating Technologies IPO Listing Date | November 9, 2023 |
| Face Value | ₹10 per share |
| Price | ₹67 to ₹70 per share |
| Lot Size | 2000 Shares |
| Issue Size | 7,140,000 shares of ₹10 (aggregating up to ₹49.98 Cr) |
| Fresh Issue | 6,784,000 shares of ₹10 (aggregating up to ₹47.49 Cr) |
| Offer for Sale | 56,000 shares of ₹10 (aggregating up to ₹2.49 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Company Promoters | Mr. Shiraz Ibrahim and Ms. Nasreen Shiraz |
Transteel Seating Technologies IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹18 | 25.71% | – | – |
| 28 October 2023 | ₹18 | 25.71% | – | – |
Transteel IPO Details:
Transteel started in February 1995 and has more than 20 years of experience in making furniture for businesses. Our manufacturing facility is in Yeshwanthpur, Bangalore, Karnataka.
At Transteel, our top priority is making sure our customers are happy. We know that the customer’s journey begins when they visit our website and lasts until they receive their furniture. We aim to give our customers an outstanding experience by providing a user-friendly website, detailed product information, an easy buying process, and fast delivery. We want to go above and beyond to meet our customers’ expectations.
Transteel Seating Technologies IPO More Details Click Here
Transteel Seating Technologies IPO FAQs
When is Transteel Seating Technologies IPO open?
Transteel Seating Technologies IPO will open on 30 October 2023.
When is Transteel Seating Technologies IPO Close?
Transteel Seating Technologies IPO will be closed on 1 November 2023.
What is Transteel Seating Technologies IPO GMP Today?
The Transteel Seating Technologies IPO GMP aka Grey Market Premium is ₹18.
What is Transteel Seating Technologies IPO Kostak Rates Today?
The Transteel Seating Technologies IPO Kostak Rate is ₹000.
What is Transteel Seating Technologies IPO Subject to Sauda Price Today?
The Transteel Seating Technologies IPO subject to sauda rates is ₹000.
Transteel Seating Technologies IPO Expected Returns?
The Transteel Seating Technologies expected return is 25.71%.
How much will be the listing gain in Transteel Seating Technologies IPO?
Transteel Seating Technologies IPO will get listing gain of 25.71%. (Approx.)
