IPO Guru
Bajaj
Listed Mainboard

Transrail Lighting IPO Subscription Status

Transrail Lighting IPO was subscribed 81.92 times when bidding closed on 23 Dec 2024: QIB 197.41x, NII 78.31x, Retail 22.62x.

The Transrail Lighting IPO has been subscribed 81.92x times overall. Retail investors have shown interest with bids for 22.62x the shares available. The Non-Institutional Investor (NII) category has been subscribed 78.31x. Within NII, Big HNI (B-HNI) subscribed 79.8x and Small HNI (S-HNI) subscribed 75.34x. Qualified Institutional Buyers (QIBs) have subscribed 197.41x. Data last updated on 10 Nov, 11:39 PM.

The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 19 Dec, 2024 and closes on 23 Dec, 2024. The shares are expected to list on stock exchanges on 27 Dec, 2024.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Live bidding

Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.

Last updated 10 Nov 2026, 11:39 PM
Category Bid details Times
QIB - of - - 197.41x
NII - of - - 78.31x
bHNI — bid amount above ₹10 Lakh
- - 79.8
sHNI — bid amount ₹2–10 Lakh
- - 75.34
Retail - of - - 22.62x
Employee - of - - 4.29x
TOTAL - - 81.92x
Advertisement

Transrail Lighting IPO allotment probability

Your odds of an allotment in each category at the current subscription.

Retail (up to ₹2 L)
1 out of 23
~4.4% chance per PAN — based on 22.62x subscription. Winners get exactly 1 lot (₹14,688) by SEBI lottery, however many lots you bid.
Small HNI (₹2–10 L)
1 out of 75
~1.3% chance — based on 75.34x subscription. Lottery allots the minimum S-HNI application of 14 lots (₹2.1 L) per winner; bidding bigger doesn't improve odds.
Big HNI (above ₹10 L)
1 out of 80
~1.3% chance — based on 79.8x subscription. Lottery allots the minimum NII application of 14 lots (₹2.1 L) per winner, the same as S-HNI; any shares left over are allotted proportionately.
QIB (institutions)
197.41x
Proportionate allotment — at 197.41x, institutions receive ~0.5% of their bid. No lottery; not open to individual investors. Strong institutional endorsement.

Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.

Subscription insights

What the current book is saying, read off the category numbers above.

Retail Allotment

High demand detected. The retail category is heavily oversubscribed, making the allotment a lottery where only 1 out of every 23 applicants will be successful.

Institutional Backing

Massive institutional interest with QIBs subscribing 197.41x. This often signals long-term confidence from professional funds.

Day-wise subscription history

End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.

Date Total
23 Dec 2024
Day 3
81.92x ▼
QIB197.41x BHNI79.8x SHNI75.34x Retail22.62x Employee4.29x
20 Dec 2024
Day 2
5.31x ▼
QIB1.38x BHNI5.54x SHNI10.61x Retail6.9x
19 Dec 2024
Day 1
2.07x ▼
QIB0.78x BHNI1.44x SHNI3.42x Retail2.87x

Transrail Lighting IPO dates

From the bidding window to listing. Today is 11 November.

Key dates Listed
  1. Open 19 Dec 2024
  2. Close 23 Dec 2024
  3. Allotment 24 Dec 2024
  4. Refund/credit 26 Dec 2024
  5. Listing 27 Dec 2024

What does this subscription data mean?

IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:

  • 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
  • 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
  • 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
  • 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.

Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.

Frequently asked

What is the current subscription status of Transrail Lighting IPO?

As of IPO close date (23 Dec, 2024), the Transrail Lighting IPO is subscribed 81.92x times. Retail category is 22.62x, and NII is 78.31x subscribed.

When is the allotment date for Transrail Lighting IPO?

The allotment for Transrail Lighting IPO is expected to be finalized on 24 December, 2024.

What is the GMP of Transrail Lighting?

The Grey Market Premium (GMP) for Transrail Lighting is currently ₹150, indicating a potential listing gain of 35%.

When will Transrail Lighting IPO list on the stock market?

Transrail Lighting is scheduled to list on BSE and NSE on 27 December, 2024.

What are the chances of getting allotment in Transrail Lighting IPO?

The retail category is oversubscribed at 22.62x, meaning allotment is by lottery. Statistically, approximately 1 in 23 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

What does QIB subscription of 197.41x mean for Transrail Lighting IPO?

Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 197.41x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.

How to check Transrail Lighting IPO allotment status?

After the allotment date (24 Dec, 2024), you can check your Transrail Lighting IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.

Explore Transrail Lighting IPO further

Track every stage of this IPO, from subscription to listing.

IPO Guru App
IPO Guru on Android

Subscription moves by the hour. Get it on your phone.

Live GMP alerts, subscription updates and allotment status for every Mainboard and SME issue — fast, free and secure.

Get it on Google Play Join the WhatsApp channel

Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.

Total
81.92x
QIB
197.41x
NII
78.31x
bHNI
79.8x
sHNI
75.34x
Retail
22.62x
Full IPO details
Advertisement