IPO Details

Bidding Dates

29 Oct '23 - 31 Oct '23

Minimum Investment

₹140,000 / 1 lots ( 2000 Shares )

Price Range

₹67 - ₹70

Maximum Investment

₹140,000 / 1 lots ( 2000 Shares )

Retail Discount

Not Applicable

Issue Size

₹49.98 Cr

Investor category and sub category

Qualified Institutions Buyers  |   Non-Institutional Investors  |   Retail Investors   |  

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Oct 29, 2023

IPO Closing Date

Oct 31, 2023

Basis of Allotment

Nov 5, 2023

Initiation of Refunds

Nov 6, 2023

Credit of Shares to Demat Account

Nov 7, 2023

IPO Listing Date

Nov 8, 2023

UPI Mandate Expiry Date

Oct 31, 2023

Transteel Seating Technologies IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Oct 29, 2023

0.00x 1.76x 2.74x 1.72x

Day 2Oct 30, 2023

0.32x 2.91x 7.99x 4.65x

Day 3Oct 31, 2023

12.15x 122.88x 39.82x 49.21x

Transteel Seating Technologies IPO Subscription Live Status

Investor Category Subscription (Times)
Qualified Institutions Buyers 12.15
Non-Institutional Buyers 122.88
Retail Investors 39.82
Total 49.21

About Company

Incorporated in 1995, Transteel Seating Technologies Limited is a furniture provider. The company has been in the industry for over 2 decades and serves businesses of all sizes, including corporate and B2B. Since its incorporation, it has developed the skill and expertise in making chairs, office furniture and other residential and commercial furniture.

The company has its manufacturing facility in Bangalore, and it has expanded its business footprints in Mumbai, Chennai, Delhi NCR, Pune and Hyderabad. It generates revenue via online, offline and omni channels (a combo of offline & online). During FY 2023, the company generated 40% of revenue from online channels, 30% from offline and the remaining 30% from omni channels.

Traditionally, the Indian furniture market has been unorganised due to the excessive reliance on local carpenters for customised wood-based products. However, the market share of organised players is growing due to changing consumers' preferences for quality products and increased economic formalisation due to the implementation of GST. The online furniture spend is likely to reach US$ 2.2 billion with 5 million unique shoppers by FY 2025-26.

Transteel Seating Technologies Limited IPO Details

Transteel Seating Technologies Limited IPO Date

Transteel Seating Technologies Limited's IPO is a mix of fresh issue and offer for sale (OFS). The fresh issue comprises 67,84,000 shares aggregating up to ₹47.49 Cr, and the OFS comprises 3,56,000 shares of ₹10 aggregating up to ₹2.49 Cr. Transteel Seating Technologies Limited’s IPO will be listed on the NSE SME on November 09, 2023. It is a book-built issue IPO.

Transteel Seating Technologies Limited IPO Price Band

The price range of the IPO has been fixed at ₹67 to ₹70 per share.

Transteel Seating Technologies Limited IPO Lot Size

The Transteel Seating Technologies Limited IPO lot size is 2,000 shares, and the minimum investment will be ₹1,40,000.

Transteel Seating Technologies Limited IPO Objectives 

The objectives of the offer are listed below:

  • Prepayment/repayment of existing debt facility. 
  • Purchase of equipment to facilitate manufacturing.
  • Working capital requirements.
  • General corporate purposes.

Peer Details

As per DRHP, Transteel Seating Technologies Limited has 2 listed peers.

  1. Seasons Furnishing Limited.
  2. Shashwat Furnishing Solutions Limited.

How To Check the Allotment Status of the Transteel Seating Technologies Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the IPO Section and then to IPO Orders
  • Select the individual IPO that you had applied for and check the allotment status.
  • Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Transteel Seating Technologies Limited

Registered office: 7No. 28, 4th Main, Industrial Suburb, Yeshwanthpur,

Bangalore- 560022, Karnataka, India

Phone: +91 80953 46346 

E-mail:info@transteel.com

Company Financials

Financial year Period Ending on March 30, 2021 ( ₹ lakh ) Period Ending on September 30, 2023 ( ₹ lakh ) Period Ending on March 30, 2023 ( ₹ lakh ) Period Ending on March 30, 2022 ( ₹ lakh )
Total Income 2,287.74 3,133.39 5,961.43 2,806.74
Profit After Tax (PAT) -0.59 417.64 909.36 159.08
Assets 2,538.33 10,062.18 8,347.06 3,609.10

Know before investing

Strengths

2
  1. The company is involved in the manufacturing of modular furniture, and the demand for the same is rising continuously. In addition, the vast marketing and distribution network is providing an edge to the business.

  2. The company plans to cater for the increasing demand of its existing customers and also to increase its existing customer base with the help of strengthening the distribution reach of its products nationwide.

Risks

2
  1. The company is exposed to risk arising from the increase in input cost, which can result in upward pricing.

  2. The company operates in an industry which is filled with intense competition from organised and unorganised players. This can impact the result of operations.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Over-Subscribed49.21 times

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Over-Subscribed49.21 times

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Transteel Seating Technologies IPO FAQs

What is Transteel Seating Technologies Limited’s IPO?

Transteel Seating Technologies Limited’s IPO is a mix of fresh issue and offer for sale (OFS). The fresh issue comprises 67,84,000 shares aggregating up to ₹47.49 Cr, and the OFS comprises 3,56,000 shares of ₹10 aggregating up to ₹2.49 Cr. The price range of the IPO has been decided at ₹67 to ₹70 per share.

When will Transteel Seating Technologies Limited’s IPO be allotted?

The Basis of Allotment will be on November 06, 2023.

When will Transteel Seating Technologies Limited’s IPO open for subscription?

The IPO subscription window will open on October 30, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot containing 2,000 shares.

When will Transteel Seating Technologies Limited list on exchanges?

Transteel Seating Technologies Limited IPO will be listed on NSE SME. The date of listing is November 09, 2023.

How do I check the allotment status of the Transteel Seating Technologies Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the IPO Section and then to IPO Orders
  • Select the individual IPO that you had applied for and check the allotment status.
  • Angel One will notify you of your IPO allotment status via push notification and email.

What would be the listing gains on the Transteel Seating Technologies Limited IPO?

Listing gains cannot be ascertained before listing the IPO on the stock exchange.

I have finished the application process for the Transteel Seating Technologies Limited IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you. 

How do I approve the UPI mandate request for Transteel Seating Technologies Limited’s IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Transteel Seating Technologies Limited using one PAN?

You can submit only one application using your PAN card.