Transteel Seating Technologies IPO

Transteel Seating Technologies IPO will open for subscription from 30 October 2023. The company aims for an issue size of ₹49.98 Cr through this IPO.

Company Overview

Full nameTransteel Seating Technologies Limited
SectorFast Moving Consumer Goods
IndustryHousehold & Personal Products
Company Website

About Company

Incorporated in 1995, Transteel Seating Technologies is a furniture provider with over 20 years of corporate and B2B experience. The company has developed expertise in making chairs, office furniture, and other residential and commercial furniture. The company has also developed an in-house technical and design team to provide turnkey solutions and implementation of interiors and workspaces in Commercial, Residential, and Educational Institutions. Its aim is to develop creative and innovative designs in the furniture space and to develop techniques to make all products as part of the ‘Make in India’ initiative. The products are ready to use and provide space management and are primarily targeted to clients in Education, Healthcare, Hospitality, Banking, Insurance, and Info-Tech Companies.

Transteel Seating Technologies’ products, and services:

  • WFH -Work from Home Furniture
  • Ergonomic Chair
  • Office Table
  • Workstation
  • Office Storage, and Office Furniture

The Objectives of the Issue

  • Prepayment/Repayment of Certain Debt Facility availed by our Company
  • Purchase of Equipment to Facilitate Manufacturing
  • Working Capital Requirements
  • General Corporate Purposes.

Transteel Seating Technologies IPO Timetable

IPO Opening date30 October 2023
IPO Closing01 November 2023
Basis of Allotment06 November 2023
Initiation Refund07 November 2023
Credit to Demat Account08 November 2023
Listing Date09 November 2023
(Cut-off time for UPI mandate confirmation – 5 PM on November 1, 2023)

Transteel Seating Technologies IPO details

Issue typeBook Built Issue IPO
IPO issue size₹49.98 Cr – 7,140,000 shares
Fresh Issue₹47.49 Cr – 6,784,000 shares
Offer for sale₹2.49 Cr – 356,000 shares
Face value₹10 per share
Price Band ₹67 to ₹70 per share
Lot size2000 Shares
Market Maker portion714,000 shares
Shareholding pre-issue13,394,510
Shareholding post-issue20,178,510
Listing ExchangeNSE SME

Transteel Seating Technologies IPO Lot Size

Retail (Min)12000₹140,000
Retail (Max)12000₹140,000
HNI (Min)24,000₹280,000

Transteel Seating Technologies IPO Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Transteel Seating Technologies Financial Performance

 FY 2021FY 2022FY 2023
Net income(0.59)159.08909.36
(Amount in ₹ Lakhs)

Transteel Seating Technologies Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio
RONW (%)0.4025.2637.21
ROCE (%)12.8633.7437.06
EBITDA (%)6.0213.8725.95

Company Promoters

  • Mr. Shiraz Ibrahim
  • Ms. Nasreen Shiraz

Promoter Holding

Pre Issue Share Holding83.75%
Post Issue Share Holding53.83%

Transteel Seating Technologies IPO Lead Manager(s)

  • Gretex Corporate Services Limited
  • Pantomath Capital Advisors Pvt Ltd

Transteel Seating Technologies Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200

Contact Details

No. 28, 4th Main, Industrial Suburb,
Yeshwanthpur, Bangalore- 560022, Karnataka
Phone: +91 80953 46346

Transteel Seating Technologies IPO Allotment Status

Transteel Seating IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.

Final thoughts

Transteel Seating Technologies IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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