Transrail Lighting's IPO fully subscribed hours after opening for bidding

Quick Summary:

The company's IPO is a combination of a fresh issue of shares worth Rs 400 crore and an offer for sale of 1.01 crore equity shares by a promoter Ajanma Holdings Pvt Ltd.

The initial share sale got bids for 1,77,77,512 shares against 1,39,16,742 shares on offer, translating into 1.28 times subscription, according to NSE data till 14:30 hours.

Transrail Lighting's initial public offering (IPO) garnered full subscription hours after opening for bidding on Thursday.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Transrail Lighting Transrail Lighting's IPO Recent IPO Transrail Lighting share

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 16:47:54 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 371 words

Reading Time: 3 minutes read

Sentences: 18 lines

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Copyright Owner: © Business Standard

News ID: 24547835

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