Indian EPC firm Transrail Lighting debuts on stock market, with IPO oversubscribed 80 times.
Transrail Lighting, an Indian EPC company specializing in power transmission and distribution, is set to debut on the stock market on Friday. The IPO was heavily oversubscribed at 80 times, with shares priced at ₹432. Transrail raised ₹246 crore from anchor investors and will use funds for working capital and other corporate purposes. The company has completed over 200 projects in 58 countries and saw a 30% rise in revenue in FY24.
3 months ago
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