Transrail Lighting IPO GMP History
Transrail Lighting IPO has been listed on December 27, 2024 at a listing price of ₹590, against the issue price of ₹432 — a gain of ₹158 (+36.57%). The GMP peaked at ₹175 on 23 December 2024 and reached a low of ₹100 on 16 December 2024. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Transrail Lighting IPO raised ₹838.91 Cr. through its IPO at a price band of ₹410 to ₹432 per share, with a lot size of 34 shares. The IPO was open for subscription from 19 Dec 2024 to 23 Dec 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 11:39 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 26 Dec 2024 | ₹ 150 | ▼ | 35% | — | — |
| 23 Dec 2024 | ₹ 175 | ▲ | 41% | — | — |
| 21 Dec 2024 | ₹ 170 | ▼ | 39% | — | — |
| 19 Dec 2024 | ₹ 175 | ▲ | 41% | — | — |
| 18 Dec 2024 | ₹ 130 | ▲ | 30% | — | — |
| 16 Dec 2024 | ₹ 100 | — | 23% | — | — |
Transrail Lighting IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 19 Dec 2024
- Close 23 Dec 2024
- Allotment 24 Dec 2024
- Refund/credit 26 Dec 2024
- Listing 27 Dec 2024
Transrail Lighting IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹432 |
|---|---|
| GMP-based estimate (pre-listing) | ₹582 (+34.7%) |
| Listing gain / loss | +₹158 per share |
| Listing date | 27 Dec, 2024 |
| Actual listing price | ₹590 (+36.57%) |
Is Transrail Lighting IPO GMP reliable?
Grey market premium for Transrail Lighting IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Transrail Lighting IPO full review for a fundamentals-based assessment before making any grey market trades.
Transrail Lighting IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Transrail Lighting IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Transrail Lighting IPO
Transrail Lighting Limited is an Indian engineering, procurement and construction (EPC) company. It mainly focuses on power transmission and distribution, with integrated manufacturing of lattice structures, conductors and monopoles.
It has a four-decade track record of turnkey solutions in power transmission and distribution globally, and has completed more than 200 projects in that vertical since inception.
Its promoters are Ajanma Holdings, Digambar Chunnilal Bagde and Sanjay Kumar Verma.
The IPO was Rs 838.91 crore, with Rs 400.00 crore of fresh issue and Rs 438.91 crore of offer for sale by Ajanma Holdings. Fresh money was planned for working capital and capital expenditure.
Frequently asked
What is the GMP of Transrail Lighting IPO?
The current Grey Market Premium (GMP) of Transrail Lighting IPO is ₹ 150.
What is the Kostak Price of Transrail Lighting IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Transrail Lighting IPO is not available.
What is the Subject to Sauda Price of Transrail Lighting IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Transrail Lighting IPO?
Transrail Lighting IPO listed on December 27, 2024 at ₹590, against the issue price of ₹432 — a gain of +36.57%.
How did the GMP of Transrail Lighting IPO trend before listing?
The GMP of Transrail Lighting IPO was falling in its final days before listing. The GMP peaked at ₹175 on 23 December 2024. View the day-wise table above for the complete GMP history.
Explore Transrail Lighting IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
