Transteel Seating Technologies IPO Listing: The shares of Transteel Seating Technologies made an honest debut on the inventory market in the present day, November 6. Transteel Seating Technologies shares have been listed at ₹88.90 apiece on the NSE SME, a premium of 27% from its challenge worth of ₹70 per share.

Transteel Seating Technologies IPO opened for public subscription on October 30 and closed on November 1. The IPO share allotment was finalised on November 3.

Transteel Seating IPO acquired sturdy demand from buyers throughout its bidding course of. The IPO was subscribed 49.21 occasions in complete. The public challenge acquired bids for 22.46 crore fairness shares as in comparison with 45.66 lakh fairness shares on the supply.

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The SME IPO was subscribed 39.82 occasions within the retail class, 12.15 occasions within the Qualified Institutional Investors’ (QIB) class and 122.88 occasions within the Non-Institutional Investors’ (NII) class.

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The firm raised ₹49.98 crore from the IPO which was a mix of contemporary challenge of 67.84 lakh fairness shares aggregating to ₹47.49 crore and supply on the market (OFS) of three.56 lakh shares aggregating to ₹2.49 crore.

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Transteel Seating IPO worth band was set at ₹67 to ₹70 per share and the IPO lot dimension was 2,000 shares.

Transteel Seating Technologies had raised ₹13.02 crore from anchor buyers forward of the IPO.

Transteel Seating Technologies is a furnishings firm within the company and B2B sectors. The firm has its manufacturing unit positioned in Karnataka.

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