The Transteel Seating Technologies IPO started on October 30, 2023, and ended on November 1, 2023. Shares were allocated on November 6, 2023, and refund processes began on November 7, 2023. On November 8, 2023, the shares were credited to investors demat accounts. Transteel Seating Technologies was officially listed on the stock exchange on November 9, 2023.
During the IPO, Transteel Seating Technologies offered shares at a price range of ₹67 to ₹70 per share, and the lot size was 2000 shares. The total issue size was ₹49.98 crores, with ₹47.49 crores from new shares and ₹2.49 crores from shares for sale. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Transteel IPO Subscription Update Video
Transteel Seating Technologies IPO Subscription Status
The Transteel Seating Technologies IPO on October 30, 2023 was subscribed times, with the retail category being subscribed times, the NII (Non-Institutional Investor) category being subscribed times, the QIB (Qualified-Institutional Buyers) category being subscribed times.
| Category | Subscription |
| QIB | x |
| NII | x |
| Retail | x |
| Total | x |
Transteel Seating Technologies IPO Basic Details
| Company Name | Transteel Seating Technologies Limited |
| Domain of Company | Online Furniture Store |
| 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 |
About Transteel Seating Technologies Limited
Transteel, a furniture company, started in February 1995, has over 20 years of experience in serving corporate and B2B clients. Our manufacturing facility is based in Yeshwanthpur, Bangalore, Karnataka.
At Transteel, our top priority is ensuring customer satisfaction. We understand that the customer’s journey begins when they visit our website and continues until they receive their furniture. Whether it’s easy website navigation, detailed product information, a simple purchasing process, or quick delivery, our aim is to provide an outstanding experience that goes beyond what our customers expect.
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Transteel Seating Technologies IPO FAQs
What is the start and end date of Transteel Seating Technologies IPO Subscription?
The Transteel Seating Technologies IPO started on October 30, 2023, and ended on November 1, 2023.
When does Transteel Seating Technologies IPO Subscription open?
The Transteel Seating Technologies IPO open on October 30, 2023.
When does Transteel Seating Technologies IPO Subscription close?
The Transteel Seating Technologies IPO Close on November 1, 2023.
What is the allotment date of Transteel Seating Technologies IPO?
The allotment date for Transteel Seating Technologies IPO is November 6, 2023.
When is the initial refund date of Transteel Seating Technologies IPO?
The initial Refund date for Transteel Seating Technologies IPO is November 7, 2023.
When were the shares credited to investors demat accounts for the Transteel Seating Technologies IPO?
The shares for the Transteel Seating Technologies IPO were credited to investors demat accounts on November 8, 2023.
When will Transteel Seating Technologies IPO be listed on the stock market?
Transteel Seating Technologies IPO stock market will be listed on November 9, 2023 at 10 am.
What was the price range of the Transteel Seating Technologies IPO shares?
The Transteel Seating Technologies IPO shares were offered at a price range of ₹67 to ₹70 per share.
What was the lot size for the Transteel Seating Technologies IPO shares?
The lot size for the Transteel Seating Technologies IPO shares was 2000 shares.
What was the total issue size of the Transteel Seating Technologies IPO?
The total issue size of the Transteel Seating Technologies IPO was ₹49.98 crores.
How were the shares allocated among different types of investors for the Transteel Seating Technologies IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Transteel Seating Technologies IPO listed?
The Transteel Seating Technologies IPO was listed on the NSE SME.
What is the Transteel Seating Technologies IPO Subscription Status?
Transteel Seating Technologies IPO is subscribed Times.
