Transsteel Sitting Technologies’ IPO marked a strong debut on the stock market, listing at Rs 88.90 per share, boasting a 27% premium.
Shortly after, the company’s shares hit the 5% upper circuit, reaching Rs 93.30. Notably, the IPO’s price range was set at Rs 67 to Rs 70 per share.
Lot Size Details
Transsteel Sitting Technologies’ IPO was available to investors from October 30 to November 1, 2023.
The IPO’s total size was Rs 49.98 crore, consisting of 67.84 lakh shares through a fresh issue.
It’s important to note that the lot size for the IPO was 2000 shares, requiring a minimum investment of Rs 1,40,000 for any interested investor.
Exceptional Subscription Interest
On the final day of the IPO offering, Transsteel Sitting Technologies witnessed over 49 times the subscription.
The retail category garnered 39.82 times subscription, while the Qualified Institutional Buyers section reached 12.15 times, and the Non-Institutional Investors category achieved a remarkable 122.88 times subscription.
