Transteel Seating Technologies IPO Details ( Transteel Seating Technologies Limited IPO Review )
(30 Oct 2023 – 1 Nov 2023)
Transteel, a furniture company, was founded in February 1995. With over 20 years of experience in serving corporate and B2B sectors, our manufacturing unit is situated in Yeshwanthpur, Bangalore, Karnataka.
Our top priority at Transteel is ensuring customer satisfaction. We understand that the customer’s journey starts the moment they visit our website and lasts until their furniture is delivered. Whether it’s easy website navigation, detailed product information, a simple buying process, or speedy delivery, our aim is to provide an outstanding experience that goes beyond what our customers expect.
Transteel Seating Technologies Limited Company Product
- WFH -Work from Home Furniture
- Ergonomic Chair
- Office Table
- Workstation
- Office Storage and Office Furniture
Transteel Seating Technologies Limited IPO Competitive Strength
- Experienced Promoters
- Sales, marketing, and distribution capabilities
- Brand Positioning
- Quality Assurance and Control
Transteel Seating Technologies IPO Financials Performance ( Results )
Transteel Seating Technologies Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 2,538.33 | 2,287.74 | -0.59 | 0.01 | 470.63 | 3.52 | 446.82 | |
| 31-Mar-22 | 3,609.10 | 2,806.74 | 159.08 | 1.19 | 629.71 | 4.71 | 605.91 | |
| 31-Mar-23 | 8,347.06 | 5,961.43 | 909.36 | 6.80 | 2,444.11 | 18.28 | 2,385.87 | |
| 30-Sep-23 | 10,062.18 | 3,133.39 | 417.64 | 3.12 | 21.36 | 1,521.41 |
Objective of Transteel Seating Technologies IPO Issue
- Prepayment/Repayment of Certain Debt Facility availed by our Company
- Purchase of Equipments to Facilitate Manufacturing
- Working Capital Requirements
- General Corporate Purposes
Transteel Seating Technologies IPO Basic Details
| IPO Date | Oct 30, 2023 to Nov 1, 2023 |
| Listing Date | Thursday, 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 | 356,000 shares of ₹10 (aggregating up to ₹2.49 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 13,394,510 |
| Share holding post issue | 20,178,510 |
| Company Promoters | Mr. Shiraz Ibrahim and Ms. Nasreen Shiraz |
Transteel Seating Technologies IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Transteel IPO Timetable
Transteel IPO will open on October 30, 2023 and close on November 1, 2023. You can join Transteel Seating Technologies IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 30 October 2023 (Monday) |
| Closing Date | 1 November 2023 (Wednesday) |
| Basis of Allotment | 6 November 2023 (Monday) |
| Initiation of Refunds | 7 November 2023 (Tuesday) |
| Credit of Shares to Demat | 8 November 2023 (Wednesday) |
| Listing Date | 9 November 2023 (Thursday) |
| Deadline for UPI mandate confirmation | 5 PM on 1 November 2023 |
Transteel Seating IPO Lot Size
For retail investors in Transteel Seating IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹140,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹140,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| S-HNI (Min) | 2 | 4000 | ₹280,000 |
Transteel Seating Technologies IPO Promoter Holding
The company’s promoters include Mr. Shiraz Ibrahim and Ms. Nasreen Shiraz.
| Pre Issue Share Holding | 83.75% |
| Post Issue Share Holding | 53.83% |
Transteel Seating Technologies Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 141.25 |
| Earning Per Share (EPS) | ₹6.80 per Equity Share |
| Net Asset Value (NAV) | ₹21.36 per Equity Share |
| Post P/E Ratio (P/E) (x) | 16.91 |
| Return on Net Worth (RoNW) (%) | 37.21 |
| Return on equity (ROE) (%) | 37.21 |
| Return on Capital Employed (ROCE) (%) | 36.69 |
| Debt/Equity Ratio | Coming Soon |
Transteel Seating Technologies Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CPM (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Transteel Seating Technologies Limited | Consolidated | 70 | 10.00 | 6.80 | 16.91 | 37.21 | 18.28 |
| Peer Group | |||||||
| Seasons Furnishing Limited | Consolidated | 4.04 | 10.00 | 0.35 | 11.54 | -40.95 | – |
| Shashwat Furnishing Solutions Limited | Consolidated | 33.01 | 10.00 | 1.04 | 31.73 | 5.44 | – |
Transteel Seating Technologies IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 29 October 2023 | ₹18 | – | – |
| 28 October 2023 | ₹18 | – | – |
Transteel Seating Technologies IPO Detail Video:
link
Transteel Seating Technologies IPO Subscription Status (Bidding Detail)
The Transteel Seating Technologies IPO on November 1, 2023 at 7:00:00 PM was subscribed 49.21 times, with the retail category being subscribed 39.82 times, the NII (Non-Institutional Investor) category being subscribed 122.88 times, QIB (Qualified-Institutional Buyers) category being subscribed 12.15 times.
| Category | Subscription |
| QIB | 12.15x |
| NII | 122.88x |
| Retail | 39.82x |
| Total | 49.21x |
Transteel Seating Technologies IPO Prospectus
| Transteel Seating Technologies IPO DRHP | Download |
| Transteel Seating Technologies IPO RHP | Download |
| Transteel Seating Technologies IPO Anchor Investors Details PDF | Download |
Transteel Seating Technologies IPO Rating
| Our Rating | 3.0/5.0 |
Transteel Seating Technologies Company Contact Information
Transteel Seating Technologies Limited
Registered Office: No. 28, 4th Main, Industrial Suburb, Yeshwanthpur, Bangalore- 560022, Karnataka, India.
Contact Person: Mr. Abhishek Lohia, Company Secretary and Compliance Officer
Email Id: info@transteel.com
Tel No: +91 80953 46346
Website: www.transteel.com
Our Promoters: Mr. Shiraz Ibrahim and Ms. Nasreen Shiraz
Transteel Seating Technologies IPO Registrar
Bigshare Services Private Limited
Registered Office: S6-2, 6th Pinnacle Business Park, Mahakali Caves Road,
next to Ahura Centre, Andheri East, Mumbai- 400093,
Maharashtra, India
Tel No.: +91 – 22 – 6263 8200
Fax No.: +91 – 22 – 62638299
E-mail: ipo@bigshareonline.com
Investor Grievance E-mail: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Asif Sayyed
SEBI Registration No.: INR000001385
Transteel Seating Technologies IPO Lead Manager
Gretex Corporate Services Limited
Registered Office: Office No. 13, 1st Floor, New Bansilal Building, Raja Bahadur
Mansion, 9-15, Homi Modi Street, Fort, Mumbai– 400001,
Maharashtra, India.
Tel No.: +91 96532 49863
Email: info@gretexgroup.com
Website: www.gretexcorporate.com
Contact Person: Ms. Dimple Magharam Slun / Ms. Rashmi Ranjan
SEBI Registration No: INM000012177
CIN: L74999MH2008PLC288128
Pantomath Capital Advisors Private Limited
Registered Office: Pantomath Nucleus House, Saki-Vihar Road, Andheri (East)-
400072, Mumbai, Maharashtra, India.
Tel: +91-22 6194 6700,
Email and Investor Grievance Id: ipo@pantomathgroup.com
Website: www.pantomathgroup.com
Contact Person: Ms. Bharti Ranga/ Ms. Punam Thadeshwar
SEBI Registration No: INM000012110
Transteel Seating Technologies IPO FAQs
What is the lot size of Transteel Seating Technologies IPO?
The total size of Transteel Seating Technologies IPO is ₹49.98 crores out of which ₹47.49 crores is fresh issue and ₹2.49 crores is offer for sale (OFS).
When will Transteel Seating Technologies IPO start?
Transteel Seating Technologies IPO will open from 30 October 2023 and IPO will close on 1 November 2023.
What is the open date of Transteel Seating Technologies IPO?
Transteel Seating Technologies IPO will open date from 30 October 2023.
What is the last date ( close date ) of Transteel Seating Technologies IPO?
Transteel Seating Technologies IPO will close from 1 November 2023.
What is the price band of Transteel Seating Technologies IPO?
Transteel Seating Technologies IPO price band is ₹67 to ₹70. ( Upper Price Band: ₹70, Lower Price Band: ₹67 )
What is the minimum amount required to apply for Transteel Seating Technologies IPO?
The minimum investment for retailers to apply for Transteel Seating Technologies IPO is ₹140,000 and the maximum investment is ₹140,000.
What is going on gray market premium of Transteel Seating Technologies IPO?
View gray market premium of Transteel Seating Technologies IPO by Clicking Here
How much is the GMP of Transteel Seating Technologies IPO?
Watch Transteel Seating Technologies IPO GMP Today: Click Here
What is the allotment date of Transteel Seating Technologies IPO?
The allotment date of Transteel Seating Technologies IPO is 6 November 2023.
How to check allotment status in Transteel Seating Technologies IPO?
To check the allotment status of Transteel Seating Technologies IPO, first of all go to the registrar website by clicking here, select your bad Transteel Seating Technologies IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Transteel Seating Technologies IPO?
The listing date of Transteel Seating Technologies IPO is 9 November 2023.
How much will be the listing gain in Transteel Seating Technologies IPO?
View listing gain of Transteel Seating Technologies IPO by Clicking Here
How much time Transteel Seating Technologies IPO is subscribed?
Total 49.21 times subscribed in Transteel Seating Technologies IPO out of which 39.82 times subscription was done in retail quota, 122.88 times subscription in NII quota and 12.15 times subscription in QIB quota.
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