Transrail Lighting share price surges up to 6% as firm bags ₹2,752 crore order in T&D sector; check details

However, minutes later, the stock pared gains.

Last seen, the stock was trading 2.51% higher at ₹500.30 apiece on the NSE.

With the latest win, its order book has touched the level of ₹7,400 crore, the company said in a statement.

The company's MD & CEO, Randeep Narang, said, "With this addition, our YTD order inflows have crossed Rs 7,400 crore; this is a growth of 90% vis-a-vis last year, further strengthening our position in the industry."

Transrail Lighting IPO and listing details

Shares of Transrail Lighting surged nearly 37% on the first day of trading on December 27, 2024, against the issue price of ₹432.

The stock listed at ₹585.15, reflecting a jump of 35.45% from the issue price on the BSE. Later in the trade, it soared 39.81% to ₹604.

Shares of the firm started the day at ₹590, surging 36.57% on the NSE.

The initial public offering (IPO) of Transrail Lighting received 80.80 times subscription on the last day of the share sale.

Transrail Lighting's ₹839 crore initial share sale had a price band of ₹410 - ₹432 per share.

The company's IPO had a combination of a fresh issue of shares worth ₹400 crore and an offer-for-sale of 1.01 crore equity shares by promoter Ajanma Holdings Pvt. Ltd.

Proceeds from the fresh issue will be used to fund incremental working capital requirements, to support capital expenditure, and for general corporate purposes.

About Transrail Lighting

Transrail Lighting is one of the leading Indian engineering, procurement, and construction (EPC) companies with a primary focus on the power transmission and distribution business and integrated manufacturing facilities for lattice structures, conductors, and monopoles.

It has a footprint in more than 58 countries.