Transteel Seating Technologies IPO Allotment Status
Quick take on Transteel Seating Technologies IPO
The IPO of Transteel Seating Technologies Ltd opened for subscription on 30th October 2023 and closed for subscription on 01st November 2023. The stock of the company has a face value of ₹10 per share and it is a book built IPO with the indicative price band of ₹67 to ₹70 per share. The IPO of Transteel Seating Technologies Ltd has a fresh issue component as well as an offer for sale (OFS) component. As part of the fresh portion of the IPO, Transteel Seating Technologies Ltd will issue 67,84,000 shares (67.84 lakhs), which at the upper band IPO price of ₹70 per share aggregates to a fresh fund raising of ₹47.49 crore. The offer for sale (OFS) entails the sale of 3,56,000 shares (3.56 lakhs), which at the upper band IPO price of ₹70 per share aggregates to a total OFS size of ₹2.49 crore. The entire 3.56 lakh shares are being offered by promoter shareholder, Nasreen Shiraz. The overall size of the IPO of Transteel Seating Technologies Ltd will, therefore, entail the issue and sale of 71,40,000 shares (71.40 lakhs), which at the upper band IPO price of ₹70 per share aggregates to ₹49.98 crore in total.
How to apply for the Transteel Seating Technologies Ltd IPO?
The minimum lot size for the IPO investment will be 2,000 shares. Thus, retail investors can invest a minimum of ₹140,000 (2,000 x ₹70 per share) in the IPO. That is also the maximum that the retail investors can invest in the IPO. HNI / NII investors can invest a minimum of 2 lots comprising of 4,000 shares and having a minimum lot value of ₹280,000. There is no upper limit on what the QIBs as well as what the HNI / NII investors can apply for. The IPO of Transteel Seating Technologies has a market maker allocation of 7,14,000 shares to the market maker, Gretex Share Broking Ltd and they will provide two-way quotes to ensure liquidity on the counter and low basis costs post listing. The promoter stake post the IPO will get diluted from 83.75% to 53.83%. The company will use the fresh issue funds for purchase of manufacturing equipment, repayment / prepayment of loans, and working capital needs. Gretex Corporate Services Ltd and Pantomath Capital Advisors Private Ltd will be the lead managers to the issue and Bigshare Services Private Ltd will be the registrar to the issue.
Check the Allotment Status of Transteel Seating Technologies Ltd
Since this is an NSE SME IPO, there is no facility to check on the exchange website and BSE only offers allotment status for the mainboard IPOs and for BSE SME IPOs. If you have applied for the IPO, you can either check your allotment status on the website of the IPO registrar, Bigshare Services Private Limited; or you can use the broker link provided, in case your broker is giving such a direct linkage. Here are the steps that you need to follow to check allotment status on the registrar website.
Transteel Seating Technologies Ltd IPO Registrars
Registrar to IPO: Bigshare Services Private Ltd
There are three things to remember. Firstly, you can just click on the hyper link given above and directly go to the allotment checking page. The second option, in case you are not able to click on the link, is to copy the link and paste in your web browser. Thirdly, there also a way to access this page via the home page of Bigshare Services Private Ltd by clicking on the IPO Allotment Status link displayed prominently on the home page. It all works the same.
Once you enter the IPO allotment check landing page of Bigshare Services Private Ltd, you are given the choice to select from 3 servers viz. Server 1, Server 2, and Server 3. There is nothing to be confused, as these are just server backups in case one of the servers is experiencing too much traffic. You can select any of these 3 servers and in case you are finding problems accessing one of the servers, then try the other one. There is no difference, which server you select; the output would still be the same.
This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Transteel Seating Technologies Ltd from the dropdown box. The basis of allotment will be finalized on 06th November 2023, so in this case, you can access the details on the registrar website either late on 06th November 2023 or by middle of 07th November 2023. Once the company is selected from the dropdown box, you have 3 methods to check the allotment status for the IPO.
- Firstly, you can access the allotment status using Application Number / CAF Number. Enter the Application / CAF number and then click on Search Button. Enter the application exactly it is given in the acknowledgement slip given to you post the IPO application process. After that you can click on the Search button to get the details of shares allotted to you in the IPO.
- Secondly, you can search by Beneficiary ID of your demat account. From the dropdown box, you must first select the depository name where your demat account is held i.e., NSDL or CDSL. In the case of NSDL, enter the DP id and Client id in separate boxes as provided. In case of CDSL, just enter the CDSL client number. Remember that the NSDL string is alphanumeric while the CDSL string is a numeric string. The details of your DP and client ID are available in your online DP statement or in the statement of account. After that you can click the Search Button in both cases.
- Thirdly, you can also search by Income Tax PAN number. Once you select PAN (permanent account number) from the dropdown menu, enter your 10-digit PAN number, which is an alphanumeric code. The PAN number will be available on your PAN card or on top of your income tax returns filed. Once you enter the PAN, click on the Search Button.
The IPO status with number of shares of Transteel Seating Technologies Ltd allotted will be displayed on the screen. You can save a screenshot of the screen for future reference. Once again, you can verify the demat credit by the close of 08th November 2023, or later.
Transteel Seating Technologies Ltd Subscriptions Status
Here is a break-up of the total shares issued by the company and its quota allocated for different classes of investors. This is the key to your chances of allotment in the IPO.
|Investor Category||Shares Offered|
|Market Maker Shares||7,14,000 shares (10.00% of total issue size)|
|Anchor Allocation Quota||18,60,000 shares (26.05% of total issue size)|
|QIB Shares Offered||13,50,000 shares (18.91% of total issue size)|
|NII (HNI) Shares Offered||9,66,000 shares (13.53% of total issue size)|
|Retail Shares Offered||22,50,000 shares (31.51% of total issue size)|
|Total Shares Offered||71,40,000 shares (100.00% of total issue size)|
The response to the IPO of Transteel Seating Technologies Ltd was relatively robust and it was subscribed by 49.21X overall at the close of bidding on 01st November 2023 with the retail segment seeing 39.82 times subscription, the HNI / NII portion seeing 122.88 times subscription. The QIB portion of the IPO saw 12.15 times subscription. The table below captures the overall allocation of shares with the oversubscription details as of the close of the IPO on 01st November 2023.
(₹ in crore)
|HNIs / NIIs||122.88||9,66,000||11,87,00,000||830.90|
DisclaimerInvestment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
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