Inga Ventures Pvt Ltd
Axis Capital Limited
Hdfc Bank Limited
Idbi Capital Market Services Limited
Transrail Lighting Limited is an engineering and construction company focused on power transmission and distribution and manufacturing lattice structures, conductors, and monopoles. The company provides railway services, including overhead electrification, signalling, telecommunication, earthworks, and track linking. The company has a presence in 58 countries, including Bangladesh, Kenya, Tanzania, Niger, Nigeria, Mali, Cameroon, Finland, Poland, and Nicaragua, with turnkey EPCs and supply projects. As of June 30, 2024, the company has completed the EPC of 34,654 CKM of transmission lines and 30,000 CKM of distribution lines, both domestically and internationally.
As of December 2024, the company has four manufacturing units. The first one is situated in Vadodara Gujrat, second one in Deoli, Maharashtra,and third and fourth one in Silvassa, Dadra and Nagar Haveli respectively.
For the year/period ended (Rs. in Cr.)
| FY24 | FY23 | FY22 | |
|---|---|---|---|
| Total Revenue | 4,130.00 | 3,172.03 | 2,357.20 |
| Profit After Tax | 233.21 | 107.57 | 64.71 |
| EPS | 19.59 | 9.45 | 11.62 |
| OPM (%) | 11.71% | 9.32% | 8.75% |
| PATM (%) | 5.65% | 3.39% | 2.75% |
For year/ period ended ( in Cr.)
| Company Name | Market Cap (Cr.) | Price | P/BV | P/E | Sales (Cr.) FY23 |
Net Profits(Cr.) FY23 |
|---|---|---|---|---|---|---|
| Transrail Lighting Limited | 5,799.86 | 432 | 4.70 | 22.05 | 4,130.00 | 233.21 |
| Bajel Projects Ltd. | 3,397.31 | 294.05 | 5.82 | 173.2 | 1,140.00 | 4.29 |
| KEC International Ltd. | 31,014.96 | 1,165.10 | 6.13 | 73.56 | 19,914.17 | 346.78 |
| Patel Engineering Ltd. | 4,888.94 | 57.9 | 1.37 | 14.49 | 4,544.11 | 301.6 |
Offer for Sale – The Offer for Sale is up to 10,160,000 Equity Shares by the Promoter Selling Shareholder. The Company will not receive any proceeds from the Offer for Sale. Further, the proceeds of the Offer for Sale shall be received by the Promoter Selling Shareholder and will not form part of the Net Proceeds.
Fresh Issue
The Company proposes to utilise the Net Proceeds towards funding the following objects:1) Funding incremental working capital requirements of our Company;2) Funding capital expenditure of our Company; and3) General corporate purposes.
At the upper price band, the IPO is valued at 22.05 times of P/E multiple. Considering the future growth prospects, well-informed investors may subscribe this IPO for medium to long term
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