{"id":4663,"date":"2023-10-28T10:26:26","date_gmt":"2023-10-28T04:56:26","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=4663"},"modified":"2024-08-27T10:14:34","modified_gmt":"2024-08-27T04:44:34","slug":"ipo-transteel-seating-technologies-limited","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/ipo-transteel-seating-technologies-limited\/","title":{"rendered":"IPO : Transteel Seating Technologies Limited"},"content":{"rendered":"

Transteel Seating Technologies Limited IPO<\/h1>\n
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Transteel, a trusted furniture provider with over 20 years of corporate and B2B experience, embraced a digital-first approach in 2019, revolutionizing customer engagement.<\/p>\n<\/div>\n<\/div>\n

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With seamless online browsing and purchasing, we have served over 80,000 satisfied customers and expanded across seven cities in India. Customer satisfaction is our top priority, offering an exceptional experience at every touchpoint. Our user-friendly website enables effortless selection of furniture to transform office spaces according to corporate and B2B requirements, style, and budget. With an extensive product range, superior quality, and customer-centricity, Transteel leads the industry. We continuously introduce new designs to meet the evolving needs of modern workspaces.<\/p>\n

Experience our excellence and redefine furnishing at Transteel, where corporate and B2B clients have trusted us for over two decades.<\/p>\n<\/div>\n<\/div>\n

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\u00a0SYMBOL<\/strong><\/td>\nTRANSTEEL<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE TYPE<\/strong><\/td>\nBook Built Issue IPO<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE OPENS ON<\/strong><\/td>\nOctober 30, 2023 (Monday)<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE CLOSES ON<\/strong><\/td>\nNovember 1, 2023 (Wednesday)<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE PRICE<\/strong><\/td>\nRs.67 To Rs.70 per share<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE SIZE<\/strong><\/td>\nUp to Rs.49.98 Crores<\/strong><\/td>\n<\/tr>\n
\u00a0FACE VALUE<\/strong><\/td>\nRs.10 per share<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Transteel Seating Technologies IPO is a book built issue of Rs 49.98 crores. The issue is a combination of fresh issue of 67.84 lakh shares aggregating to Rs 47.49 crores and offer for sale of 3.56 lakh shares aggregating to Rs 2.49 crores.<\/p>\n

Transteel Seating Technologies IPO opens for subscription on October 30, 2023 and closes on November 1, 2023. The allotment for the Transteel Seating Technologies IPO is expected to be finalized on Monday, November 6, 2023. Transteel Seating Technologies IPO will list on NSE SME with tentative listing date fixed as Thursday, November 9, 2023.<\/p>\n

Transteel Seating Technologies IPO price band is set at \u20b967 to \u20b970 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is \u20b9140,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to \u20b9280,000.<\/p>\n\n\n\n\n\n\n\n\n\n
\u00a0MINIMUM BID<\/strong><\/td>\n2000 shares<\/strong><\/td>\n<\/tr>\n
\u00a0MINIMUM AMOUNT\u00a0<\/strong><\/td>\nRs.1,40,000<\/strong><\/td>\n<\/tr>\n
\u00a0MAXIMUM BID<\/strong><\/td>\n2000 shares<\/strong><\/td>\n<\/tr>\n
\u00a0MAXIMUM AMOUNT\u00a0<\/strong><\/td>\nRs.1,40,000<\/strong><\/td>\n<\/tr>\n
\u00a0PROMOTER HOLDING<\/strong><\/td>\n53.83 % (Post-issue)<\/strong><\/td>\n<\/tr>\n
\u00a0LISTING DATE<\/strong><\/td>\nNovember 9,2023 (Thursday)<\/strong><\/td>\n<\/tr>\n
\u00a0LISTING AT<\/strong><\/td>\nNSE-SME<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Gretex Corporate Services Limited\u00a0and\u00a0Pantomath Capital Advisors Pvt Ltd\u00a0are the book running lead managers of the Transteel Seating Technologies IPO, while\u00a0Bigshare Services Pvt Ltd\u00a0is the registrar for the issue. The market maker for Transteel Seating Technologies IPO is\u00a0Gretex Share Broking.<\/p>\n

Refer to\u00a0Transteel Seating Technologies IPO RHP\u00a0for detailed information.<\/p>\n

Objects of the Issue (Transteel Seating Technologies IPO Objectives)<\/h2>\n

The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects (“Objects of the Issue”):<\/p>\n

a) Prepayment\/Repayment of Certain Debt Facility availed by our Company<\/p>\n

b) Purchase of Equipments to Facilitate Manufacturing<\/p>\n

c) Working Capital Requirements<\/p>\n

d) General Corporate Purposes.<\/p>\n