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 name | Transteel Seating Technologies Limited |
| Sector | Fast Moving Consumer Goods |
| Industry | Household & Personal Products |
| Company Website | https://transteel.com/ |
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 date | 30 October 2023 |
| IPO Closing | 01 November 2023 |
| Basis of Allotment | 06 November 2023 |
| Initiation Refund | 07 November 2023 |
| Credit to Demat Account | 08 November 2023 |
| Listing Date | 09 November 2023 |
Transteel Seating Technologies IPO details
| Issue type | Book 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 size | 2000 Shares |
| Market Maker portion | 714,000 shares |
| Shareholding pre-issue | 13,394,510 |
| Shareholding post-issue | 20,178,510 |
| Listing Exchange | NSE SME |
Transteel Seating Technologies IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4,000 | ₹280,000 |
Transteel Seating Technologies IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Transteel Seating Technologies Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 2,281.15 | 2,798.86 | 5,947.95 |
| Expenses | 2,267.37 | 2,588.53 | 4,697.86 |
| Net income | (0.59) | 159.08 | 909.36 |
Transteel Seating Technologies Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.01 | 1.19 | 6.80 |
| PE ratio | – | – | – |
| RONW (%) | 0.40 | 25.26 | 37.21 |
| NAV | 3.52 | 4.71 | 18.28 |
| ROCE (%) | 12.86 | 33.74 | 37.06 |
| EBITDA (%) | 6.02 | 13.87 | 25.95 |
| Debt/Equity | 2.10 | 2.11 | 1.10 |
Company Promoters
- Mr. Shiraz Ibrahim
- Ms. Nasreen Shiraz
Promoter Holding
| Pre Issue Share Holding | 83.75% |
| Post Issue Share Holding | 53.83% |
Transteel Seating Technologies IPO Lead Manager(s)
- Gretex Corporate Services Limited
- Pantomath Capital Advisors Pvt Ltd
Transteel Seating Technologies Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
TRANSTEEL SEATING TECHNOLOGIES LIMITED
No. 28, 4th Main, Industrial Suburb,
Yeshwanthpur, Bangalore- 560022, Karnataka
Phone: +91 80953 46346
E-mail: info@transteel.com
Website: www.transteel.com
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
