Transteel Seating Technologies Limited

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
Email	info@transteel.com
Website	http://www.transteel.com/

Offer Documents

Transteel Seating Technologies IPO DRHP

Transteel Seating Technologies IPO RHP

Registrar Details

Name	Bigshare Services Pvt Ltd
Phone	91-22-6263 8200
Email	ipo@bigshareonline.com
Website	https://ipo.bigshareonline.com/ipo_status.html

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%