Transteel Seating Technologies Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
Back arrow

Transteel Seatin

CMP

72.10

+0.35 (0.49%)

₹70

Offer Price

₹ 49.98 Cr

Issue Size

₹ 1,40,000

Min Investment

2,000

Lot size

Time Line

  • 30
    Oct 2023
    Open
  • 01
    Nov 2023
    Close
  • 02
    Nov 2023
    Finalisation of Basis of Allotment
  • 03
    Nov 2023
    Initiation of Refunds
  • 03
    Nov 2023
    Transfer of Shares to Demat Account
  • 06
    Nov 2023
    Listing Date

Objects of the Offer

  • Leveraging its Market skills and Relationships.

  • Enhance customer base and to establish long-term relationships.

  • To build-up a professional organization.

Products & Services

  • The Company is a known furniture provider.

Strengths

  • Experienced Promoters.

  • Sales, Marketing and Distribution Capabilities.

  • Brand Positioning.

  • Quality Assurance & Control.

Risks

  • There are outstanding legal proceedings involving the Company, Promoters and Directors. Any adverse decision in such proceeding may have a material adverse effect on its business, results of operations and financial condition.

  • Its Registered Office, Factory, Showroom and our Warehouses are not owned by it. The same are occupied by it on a lease basis. Disruption of its rights as lessee or termination of the agreements with the lessor would adversely impact the company operations and, consequently, its business.

  • The company product is subject to frequently changing designs, patterns, customer requirements and tastes, its inability to meet such needs or preferences may affect the company business.

  • The Company`s failure to maintain the quality standards of the products could adversely impact its business, results of operations and financial condition.

  • The company face competition in its business from domestic competitors. Such competition would have an adverse impact on the business and financial performance.

Company Promoters

Promoters Holding

Issue For IPO
28.57%
Pre Holding

79.73%

Post Holding

51.16%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 27.99 (-) 59.48 (112.50%) 37.21 (-)
Gross Profit 27.99 (-) 59.48 (112.50%) 37.21 (-)
Net Income 27.99 (-) 59.48 (112.50%) 37.21 (-)
Assets 27.99 (-) 59.48 (112.50%) 37.21 (-)
Liabilities 27.99 (-) 59.48 (112.50%) 37.21 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Transteel Seating Technologies Ltd 59.48 9.09 52.03 27.59 37.21 0.00 419.66 1.62 0.52
Seasons Furnishings Ltd 7.51 0.29 15.15 15.15 -40.95 0.35 -0.96 1.91 -11.46
Shashwat Furnishing Solutions Ltd 4.57 0.21 5.79 5.79 5.11 1.04 19.82 3.65 0.29

Book Running Managers

  • Gretex Corporate Services Ltd
  • Pantomath Capital Advisors Pvt Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

#28 4th Main Industrial Suburb,
Yeshwanthpur,
Bangalore - 560022
Phone : +91 80953 46346 Email : info@transteel.com www.transteel.com

Offer Related Information

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... More

Take your research to the next level.
Login now to unlock Exclusive Features!

Take your research to the next level.
Login now to unlock Exclusive Features!

Download Our App On: