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Transteel seating technologies IPO Size: 49.98 Cr.
Transteel seating technologies IPO Dates: 30th October, 2023 to 01st November, 2023.
Transteel seating technologies IPO Share Price: Rs. 67 – Rs.70/- Per Share.
Transteel seating technologies IPO Minimum Investment: Rs. 1, 40,000/- for 2000 Shares
Transteel seating technologies IPO expected Returns: 29%
Transteel seating technologies IPO Listing Exchange: NSE SME
Transteel seating technologies IPO Basis of Allotment: 6th November, 2023.
Transteel Seating Technologies, established in 1995 and headquartered in the vibrant city of Bangalore, India, has cemented its reputation as a premier furniture company renowned for quality, durability, and affordability.
With a strong presence in the Indian market, Transteel has become a trusted name in the realm of office and home furniture.
At Transteel, the emphasis on durability is not just a claim; it's a promise. Their furniture is built to withstand the test of time, and with proper care, it can serve you for decades.
This commitment to longevity is paired with versatile and timeless designs that seamlessly blend into various interior settings, be it in corporate offices or the comfort of your home.
One of the distinctive features of Transteel's approach is its customer-centric website, which offers an array of choices to cater to individual preferences.
Customers can easily navigate through a wide selection of furniture, making choices based on style, budget considerations, and even corporate or B2B requirements.
The company specializes in crafting chairs, office furniture, and various residential and commercial furniture. They provide interior solutions for diverse spaces, including commercial areas, residences, and educational institutions.
Transteel has an in-house design team and aligns with the "Make in India" initiative. The IPO total Issue Size is 7,140,000 equity shares with a face value of ₹10 each. The price band is evaluated to ₹67 to ₹70 per share.
The minimum investment for retail investors IPO is required to 2,000 shares for Rs. 1, 40,000/-. The total IPO Size for Transteel Seating Technologies company is ₹49.98 crore.
The IPO includes a fresh issue of 6,784,000 shares worth ₹47.49 crore and an Offer For Sale (OFS) of 356,000 shares worth ₹2.49 crore.
The share price for Transteel seating technologies is Rs. 67- rs. 70 Per share with a minimum lot size of 2000 shares.
For retail investors minimum investment is 2000 shares for Rs. 1,40,000/- and for HNI Investors minimum investment is 4000 shares for Rs. 2,80,000/-.
On Tuesday, the second day of the bidding process, the Transteel Seating IPO has been subscribed to 3.38 times.
According to statistics available at 3:45 p.m., the public issue has received bids for 1.54 crore equity shares, compared to 45.66 lakh equity shares on offer.
So far on October 31, the IPO has been subscribed to 5.86 times in the retail category, 0.32% in the Qualified Institutional Investors' (QIB) category, and 1.89 times in the Non-Institutional Investors' (NII) category.
According to market experts, the Transteel IPO GMP today, or grey market premium, is Rs. 20 per share. This means that Transteel Seating Technologies shares are trading in the grey market for Rs. 20 more than their issue price.
Given the current grey market premium and the IPO price of Rs. 70 per share, market experts estimate Transteel Seating Technologies' share listing price to be Rs. 90 per share, a 28.57% premium.
The lot size for Transteel Seating Technologies is 2000 shares for Rs. 1, 40,000/-.
GMP is an excellent reflection of the true stock narrative. More than the actual price, the GMP trend over time provides information about which way the wind is blowing. Here is a brief GMP summary for Transteel Seating Technologies IPO data.
The Grey Market Price (GMP) trend for Transteel Seating Technologies IPO data from October 24, 2023, to November 2, 2023. On November 2, 2023, the GMP stood at ₹12, a significant drop from ₹20 observed on November 1, 2023.
This decline in GMP over the past two days suggests a shift in market sentiment or factors influencing the IPO's perceived value. Prior to this, GMP had held steady at ₹20 for a couple of days, with slight fluctuations in the days leading up to it.
Transteel seating technologies IPO buy or not:
Transteel seating technologies IPO received a very positive response from investors and the shares were subscribed 30 times over.
Dilip Davda, founder of Six Sigma quoted that, “The Company is in the business of tailor made furniture for its esteemed organized customers in B2B segment. With reduction in debt and de bottle-necking plans, the company is gearing for a fast forward mode. Based on its recent financial performance, the issue appears fully priced. Investors may consider parking of funds for medium to long-term rewards”.
Along with him many financial advisors have kept a high emphasis on investing in Transteel Seating Technologies IPO.
Transteel Seating Technologies IPO. Engaged in the business of Furniture with a digital first approach having it's manufacturing unit located in Yeshwanthpur, Bangalore, Karnataka.
— MNC (@Focus_SME) October 29, 2023
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RHP: pic.twitter.com/j2cBRrb0RQ
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A. Transteel Seating Technologies IPO was open from October 30, 2023, to November 1, 2023.
A. The share price and range for Transteel Seating Technologies IPO was ₹67 to ₹70 per share, and the lot size is 2,000 shares.
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