Transteel Seating Technologies is set to launch an IPO which will open on October 30, 2023, and close on November 01, 2023. Through this public offer company wants to raise Rs. 49.98 Crore from the primary market, Company fixed the price band of Rs. 70 with a minimum lot of 2000 shares, and list on November 09, according to the preliminary papers filed to the capital market regulator SEBI.
About Transteel Seating Technologies Company: Coming Soon
Check out the IPO allotment status on IPO Deliver.
Transteel Seating Technologies IPO Object
The company intends to use the IPO Funds for the below-mentioned purposes:
- Prepayment/repayment of certain outstanding borrowing/debt facility.
- Purchase of equipment to facilitate manufacturing
- Working capital requirement of the company.
- General corporate purposes and offer expenses.
Transteel Seating Technologies Strength
- Sales, marketing and distribution capabilities
- Brand Positioning
- Quality assurance and control
- Scalable business model
- Experienced promoters
Transteel Seating Technologies Risk Factor
- Company product is subject to frequently changing nature.
- Failure to maintain quality assurance
- Dependency on various kind of suppliers
- High usage of manpower in this business.
Transteel Seating Technologies IPO Review & Rating
| Issue Size (Rs.) | 49.98 crore |
| Issue Price (Rs.) | 70 per share |
| Minimum Lot Size | 2000 shares |
| Total Profit (March 2023) (Rs.) | 9.09 crore |
| RoCE (%) | 36.69% |
| NAV (Rs.) | 18.28per share |
| Listing on | NSE Emerge (SME) |
| IPO Deliver Rating | For Long term |
Transteel Seating Technologies IPO Dates, Price Band & Details
Transteel Seating Technologies IPO will open on October 30, 2023, and close on November 01, 2023. The IPO list on November 09, 2023.
| Type of issue | Fixed Price IPO |
| Issue Size (Rs.) | 49.98 Crore |
| Face Value (Rs.) | 10/- per share |
| IPO Open Date | October 30, 2023 |
| IPO Close Date | November 01, 2023 |
| IPO Allotment Date | November 06, 2023 |
| Refund Date | November 07, 2023 |
| Share Credit Date | November 08, 2023 |
| Listing Date | November 09, 2023 |
Transteel Seating Technologies IPO Offer
Transteel Seating Technologies IPO total issue size is 71,40,000 shares which comprises below mentioned categories.
| Offer Category | Shares Offer | Amount (Rs.) |
| Fresh Issue | 67,84,000 | 47.49 Crore |
| Offer for Sale (OFS) | 03,65,000 | 02.49 Crore |
Transteel Seating Technologies Financials Review (Lakhs)
The following table sets forth the summary of financial information (Standalone) of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 5,961.43 | 2,806.74 | 2,287.74 |
| Net Worth | 2,444.11 | 629.71 | 470.63 |
| Profit | 909.36 | 159.08 | (0.59) |
| Total Borrowings | – | – | – |
Transteel Seating Technologies IPO Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 6.80 | 1.19 | 0.01 |
| RoNW (%) | – | – | – |
| NAV (Rs.) | 18.28 | 4.71 | 3.52 |
Transteel Seating Technologies IPO Peers Comparison (Top 2)
Comparison with the other same segment listed companies in India.
| Company Names | EPS (Rs.) | RoNW (%) | NAV (Rs.) |
| Seasons Furnishing | 0.35 | (40.95) | – |
| Shashwat Furnishing | 1.04 | 5.44 | – |
Transteel Seating Technologies Company Promoters
As per the DRHP and RHP, the company has two Promoter.
| Serial No. | Name |
| 01. | Shiraz Ibrahim |
| 02. | Nasreen Shiraz |
Transteel Seating Technologies Pre-offer and Post-Offer Promoters Shareholding
| Promoter and promoter group Shareholding | Percentage (%) |
| Pre-Issue | 83.75 |
| Post- Issue | 53.83 |
Transteel Seating Technologies IPO Reservation
Transteel Seating Technologies IPO total reservation of 71,40,000 shares, distributed between the below-mentioned categories.
| Category | No. of Shares |
| QIB- Not more than 50% of the offer size | |
| NII- Not less than 35% of the offer size | |
| RII- Not less than 15% of the offer size |
Transteel Seating Technologies IPO – Market Lot Size
An individual investor can apply for a minimum of 1 lot of 2000 Shares and a maximum of 1 lot of 2000 shares. Market lot sizes for retail investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail Minimum | 1 | 2000 | 1,40,000 |
| Retail Maximum | 1 | 2000 | 1,40,000 |
Transteel Seating Technologies IPO – Prospectus
An investor can download/view the Transteel Seating Technologies Limited prospectus copy, which was filed by the company to SEBI, details are as follows.
| Transteel Seating Technologies IPO Prospectus | Download/View Links |
| Draft Red Herring Prospectus (DRHP) | Click here |
| Red Herring Prospectus (RHP) | Click here |
Transteel Seating Technologies IPO Registrar
Bigshare Services Private Limited
Tel No.: 022-62638200
E-Mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
Transteel Seating Technologies IPO lead manager
#1. Gretex Corporate Services Limited
#2. Pantomath Capital Advisors Private Limited
Transteel Seating Technologies IPO Application (How to Apply for an IPO)
There are primary four options for applying for a Transteel Seating Technologies IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Transteel Seating Technologies Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked till the allotment date and after it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Transteel Seating Technologies Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or get refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Option – 4 Apply for IPO through Stock Exchanges
NSE Form – Click to download
BSE Form – Click to download
Submit the form with your bank/broker.
Transteel Seating Technologies Company Details
Transteel Seating Technologies Limited (1995)
Registered Office: No.28, 04th main, Industrial Suburb, Yeshwantpur, Bangalore-560022, Karnataka, INDIA
Tel: +91-8095346 346
Email: info@trasteel.com
Website: www.trasteel.com
Investor Grievances/Compliance Officer: Abhishek Lohia
Transteel Seating Technologies Subsidiary Companies (Top 2)
| Serial No. | Name of Companies |
| 01. | – |
| 02. | – |
Transteel Seating Technologies Company Board (Top 2)
| Serial No. | Name of Directors |
| 01. | Shiraz Ibrahim |
| 02. | Nasreen Shiraz |
Transteel Seating Technologies IPO – Frequently Asked Questions (FAQ’s)
Q-1 What is Transteel Seating Technologies IPO?
Ans: Transteel Seating Technologies brings its SME IPO of Rs. 49.98 crore, on October 30, 2023, with a price band of Rs. 70 per share.
Q-2 what is Transteel Seating Technologies IPO Open date?
Ans: Transteel Seating Technologies IPO opening date is October 30, 2023.
Q-3 what is Transteel Seating Technologies IPO Close date?
Ans: Transteel Seating Technologies IPO closing date is November 01, 2023.
Q-4 What is Transteel Seating Technologies IPO Listing date?
Ans: Transteel Seating Technologies IPO listing date is November 09, 2023.
Q-5 What is Transteel Seating Technologies IPO Minimum investment amount?
Ans: Transteel Seating Technologies IPO minimum investment amount is Rs. 1,40,000.
Q-6 What is Transteel Seating Technologies IPO offer issue Size?
Ans: Transteel Seating Technologies offer an issue size of Rs. 49.98 Crores.
Q-7 What is Transteel Seating Technologies IPO Price Band?
Ans: Transteel Seating Technologies IPO price band is Rs 70 per share.
Q-8 Is Transteel Seating Technologies IPO mainboard IPO or SME IPO?
Ans: Transteel Seating Technologies IPO is the SME IPO.