Transteel Seating Technologies Limited

Company Profile
Company Name Transteel Seating Technologies Limited
Open Date 30-10-2023
Close Date 01-11-2023
Exchange NSE SME
Lot Size 2,000 Shares
Issue Price ₹ 67 to ₹ 70 per share
Issue Size 7,140,000 shares
Application Amount ₹ 1,40,000
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply
Transteel Seating Technologies Limited was originally incorporated in the year 1995 and has its registered office in Karnataka Bangalore. The company is a known furniture provider with over 2 decades of corporate and B2B experience. The company’s aim is to develop creative and innovative designs in furniture space and to develop techniques to make all products as part of “Make in India” initiative. The company has its manufacturing facility situated at Yashwanthapur, Bangalore. As of 31st March 2023, the Company has 178 employees on its payroll.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-22 Mar-23 Sept-23
Total Assets 3,609.10 8,347.06 10,062.19
Net Assets 629.72 2,444.11 2,860.86
Total Borrowings 964.11 1,120.78 1,841.74
Total Revenue 2,806.74 5,961.43 3,133.39
Profit After Tax 159.09 909.36 417.65

Tentative Timeline

Opening Date 30-10-2023
Closing Date 01-11-2023
Basis of Allotment 06-11-2023
Initiation of Refunds 07-11-2023
Credit of Shares to Demat 08-11-2023
Listing Date 09-11-2023

Objects of the Issue

Prepayment/Repayment of Certain Debt Facility availed by our Company
Purchase of Equipments to Facilitate Manufacturing
Working Capital Requirements
General Corporate Purposes.

Contact Information

Registered Office Transteel Seating Technologies Limited - No. 28, 4th Main, Industrial Suburb, Yeshwanthpur, Bangalore- 560022, Karnataka, India
Phone +91 80953 46346

Registrar Details

Name Bigshare Services Pvt Ltd
Phone 91-22-6263 8200

IPO Reservation

Market Maker Shares Offered 714,000 (13.52%)
QIB Shares Offered 1,350,000 (25.57%)
NII (HNI) Shares Offered 966,000 (18.30%)
Retail Shares Offered 2,250,000 (42.61%)
Total Shares Offered 5,280,000 (100%)

Shareholding Pattern

Share Holding Pre Issue 83.75%
Share Holding Post Issue 53.83%

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