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Transteel Seating Technologies Ltd

Registered Office : #28 4th Main Industrial Suburb,Yeshwanthpur,Bangalore Karnataka 560022 Phone : +91 80953 46346
Fax :

Email : info@transteel.com

Website : www.transteel.com

Initial public offer of upto 71,40,000* equity shares of face value of Rs. 10.00 each ("Equity Shares") of Transteel Seating Technologies Limited (the "Company" or the "Issuer") for cash at a price of Rs. 70 per equity share including a share premium of Rs. 60 per equity share (the "Offer Price") aggregating to Rs. 49.98 crores ("The Offer") comprising a fresh issue of up to 67,84,000* equity shares by the company aggregating up to Rs. 47.49 crores (the "Fresh Issue") and an offer for sale of up to 3,56,000* equity shares aggregating up to Rs. 2.49 crores ("The Offer for Sale"), by Nasreen Shiraz ("Promoter Selling Shareholder"). The offer shall constitute 35.38 %* of the post-offer paid-up equity share capital of the company. The offer includes a reservation of upto 7,14,000* equity shares aggregating to Rs. 5.00 crores will be reserved for subscription by market maker to the offer (the "Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. net offer of upto 64,26,000* equity shares aggregating to Rs. 44.98 crores (the "Net Offer").

Issue

Opens On

Closes On

30-Oct-2023

01-Nov-2023

Money Payable On

Application

Allotment

70.00

0.00

Minimum Application for shares in Nos : 2000.0 Further Multiples of : 2000.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

41.87

49.98

20.18

70.00

Gretex Corporate Services Ltd

Pantomath Capital Advisors Pvt Ltd

Projects

Prepayment/Repayment of Existing Debt Facility

Purchase of Equipments to Facilitate Manufacturing

Working Capital Requirements

General Corporate Purposes

Promoted By

Shiraz Ibrahim

Nasreen Shiraz

Listing At

NSE - SME

Registrar to the Issue

Bigshare Services Pvt Ltd