What is the issue size of Transteel Seating Technologies IPO?

The issue size of the Transteel Seating Technologies IPO is Rs 49.98 cr

What is 'pre-apply' for Transteel Seating Technologies IPO?

Pre-apply will alow you to apply for the Transteel Seating Technologies IPO 2 days before the subscription period starts.

If I pre-apply for Transteel Seating Technologies IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Transteel Seating Technologies IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Transteel Seating Technologies IPO order is placed?

We will notify you when your Transteel Seating Technologies IPO order is placed with the exchange.

What are the open and close dates of the for Transteel Seating Technologies IPO?

Transteel Seating Technologies IPO will be open between 30 Oct - 1 Nov, 2023.

What is the lot size and minimum order quantity of the Transteel Seating Technologies IPO?

Transteel Seating Technologies Limited IPO lot size is 2000 shares.

What are the allotment dates for the Transteel Seating Technologies IPO?

Transteel Seating Technologies IPO allotment date is 6 Nov, 2023. For Transteel Seating Technologies IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Transteel Seating Technologies IPO?

Transteel Seating Technologies IPO registrar is Bigshare Services Pvt Ltd. You can check Transteel Seating Technologies IPO allotment status on the website of the registrar.

Where is the Transteel Seating Technologies IPO getting listed?

The shares are proposed to be listed on NSE SME.

Transteel Seating SME IPO

Transteel Seating Technologies Limited

₹1,34,000 /2000 sharesMinimum Investment

Transteel Seating SME IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
NSE₹70.00₹89.00₹19.00 (27.14%)
Transteel Seating SME IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
30 Oct ‘23 - 1 Nov ‘23₹1,34,0002,000₹67 - ₹70
Issue SizeIPO Doc
49.98CrRHP PDF
About Transteel Seating SMETransteel Seating has provided furniture for businesses of all sizes for over twenty years. In 2019, the company went for a digital-first approach.
Transteel Seating specializes in crafting chairs, office furniture, and various residential and commercial furniture. Their core focus remains on creating performance-oriented tables and chairs.
The company has an in-house technical and design team that offers comprehensive solutions for interior and workspace projects in commercial, residential, and educational institutions.
They offer a wide range of products, including office chairs and office furniture.
The company operates a manufacturing facility at Bangalore, Karnataka. However, Transteel Seating has also expanded its presence in key Indian cities, including Mumbai, Chennai, Delhi NCR, Pune, and Hyderabad.;
Parent Organisation
Transteel Seating Technologies Limited
Founded
1995
Managing Director
Mr. Shiraz Ibrahim
Strengths & Risks
Transteel Seating has expanded its presence in Mumbai, Chennai, Delhi NCR, Pune, and Hyderabad.
Their diverse product range caters to various preferences and consumer segments, focusing on clients in education, healthcare, hospitality, banking, insurance, and information technology companies. 
Transteel Seating handles product delivery and installation through their in-house team of technicians. Third-party logistics are only used for shipping from the factory to branch warehouses and then to customer locations.
They rigorously test their products prior to delivery and installation to meet quality and customer requirements. Tests include visual inspection, mechanical assessment, insulation resistance, operational checks, continuity testing, and temperature and strength evaluations.
Transteel Seating actively participates in government and institutional tenders for bulk customized office furniture and related items.
They provide tailored furniture and installation services based on client specifications and needs. Standard designs and sizes for desks, beds, workstations, wardrobes, and other products are readily available for use.
Transteel Seating is currently involved in legal proceedings that include its promoters and directors. Unfavorable outcomes in these proceedings could significantly harm the company's business, financial condition, and operational results.
The company lacks long-term agreements with its clients, making it susceptible to uncertainties in demand for its services.
Transteel Seating has not yet placed orders for all the machinery needed for its proposed objectives. Delays in ordering and acquiring this machinery could disrupt the implementation schedule and lead to increased costs, impacting the company's revenue and profitability.
The company's business is heavily concentrated in one geographic location, with a significant portion of its revenue coming from a single city, Bangalore. In 2020-2021, 2021-2022, and 2022-2023, 37%, 30%, and 30% of the revenue, respectively, came from Bangalore. Such geographical concentration could pose a risk to the business.
Transteel Seating has issued debt instruments in the past, and any failure to comply with the material covenants of these debt instruments could negatively impact the company's financial position.
It's important to note that the company will not receive the entire proceeds from the offer. The promoter-selling shareholder will receive the proceeds from the offer for sale after deducting applicable expenses and taxes.
The company experienced negative cash flow in its operating and investing activities in 2023, 2022, and 2021. Sustained negative cash flow could hinder the company's growth and overall business.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹67 - 70₹2 Lakh
High Networth Individual₹67 - 70₹2 - 5 Lakh
For Transteel Seating SME IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
NSE	₹70.00	₹89.00	₹19.00 (27.14%)

Bidding Dates	Min. Investment	Lot Size	Price Range
30 Oct ‘23 - 1 Nov ‘23	₹1,34,000	2,000	₹67 - ₹70

Issue Size	IPO Doc
49.98Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹67 - 70	₹2 Lakh
High Networth Individual	₹67 - 70	₹2 - 5 Lakh

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