TRANSRAIL LIGHTING LIMITED INITIAL PUBLIC OFFERING TO OPEN ON THURSDAY, DECEMBER 19, 2024

• Price Band has been fixed at ₹ 410.00 to ₹ 432.00 per equity share, of face value ₹2 each (the “Equity Shares“).

• The Bid/Offer Period will open on Thursday, December 19, 2024 and close on Monday, December 23, 2024.

• The Anchor Investor Bid/Offer Period opens and closes on Wednesday, December 18, 2024.

• Bids can be made for a minimum of 34 Equity Shares and in multiples of 34 Equity Shares thereafter.

• RHP Link: https://ingaventures.com/docs/offer-docs/TLL_RHP.pdf

• For complete details, please do refer to statutory advertisement published on page 24-25 of Financial Express newspaper dated December 16, 2024

Bhubaneswar: Transrail Lighting Limited (“TLL” or “The Company”), shall open the Bid / Offer Period in relation to its initial public offer of the Equity Shares on Thursday, December 19, 2024 for subscription and close on Monday, December 23, 2024. The Anchor Investor Bid/Offer Period opens and closes on Wednesday, December 18, 2024.

The initial public offering comprises of a fresh issue of Equity Shares aggregating up to ₹4,000 million  and an offer for sale aggregating up to 10,160,000 Equity Shares (“Offer for Sale”) by one of the Promoters of the Company, Ajanma Holdings Private Limited (“Promoter Selling Shareholder”).

The Company proposes to utilize the Net Proceeds towards funding (i) incremental working capital requirements of the Company; (ii) capital expenditure of the Company; and (iii) general corporate purposes.

The Price Band of the Offer has been fixed at ₹ 410.00 to ₹ 432.00 per Equity Share. Bids can be made for a minimum of 34 Equity Shares and in multiples of 34 Equity Shares thereafter. 

The Equity Shares of the Company are proposed to be listed on the stock exchanges being BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE” together with BSE, the “Stock Exchanges”). For the purposes of the Offer, BSE is the Designated Stock Exchange.

Inga Ventures Private Limited, Axis Capital Limited, HDFC Bank Limited and IDBI Capital Markets & Securities Limited are the book running lead managers to the Offer (The “BRLMs”).

All capitalised terms used herein but not defined shall have the same meaning as ascribed to them in the Red Herring Prospectus.

The Offer is being made through the Book Building Process, in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of the SEBI ICDR Regulations and in compliance with Regulation 6(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Net Offer shall be allocated on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (“QIB Portion”), provided that the Company may, in consultation with the Book Running Lead Managers, allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (“Net QIB Portion”).

Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds, subject to valid Bids being received at or above the Offer Price, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to all QIBs.

Further, not less than 15% of the Net Offer shall be available for allocation to Non-Institutional Bidders and not less than 35% of the Net Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. One-third of the Non-Institutional Portion shall be available for allocation to Non-Institutional Bidders with a Bid size of more than ₹0.20 million and up to ₹1.00 million and two-thirds of the Non-Institutional Portion shall be available for allocation to Non-Institutional Bidders with a Bid size of more than ₹1.00 million provided that under-subscription in either of these two sub-categories of the Non-Institutional Portion may be allocated to Non-Institutional Bidders in the other sub-category of Non-Institutional Portion in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.

All potential Bidders (except Anchor Investors) are mandatorily required to participate in the Offer through the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA accounts and UPI ID in case of UPI Bidders, as applicable, pursuant to which their corresponding Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”) or by the Sponsor Bank(s) under the UPI Mechanism, as the case may be, to the extent of the respective Bid Amounts. Further, Equity Shares will be allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids received from them at or above the Offer Price. Anchor Investors are not permitted to participate in the Offer through the ASBA process. For details, see “Offer Procedure” on page 401 of the Red Herring Prospectus.