Transrail Lighting IPO listing today. Here’s what GMP indicates ahead of debut

Transrail Lighting shares debut on the NSE SME platform, expected to list at a 38% premium. The IPO, with a robust subscription of 80 times, raised Rs 839 crore. The company specializes in power transmission and distribution, having completed numerous projects globally, and reported significant revenue and profit increases in FY24. Transrail Lighting shares debut on the NSE SME platform, expected to list at a 38% premium. The IPO, with a robust subscription of 80 times, raised Rs 839 crore. The company specializes in power transmission and distribution, having completed numerous projects globally, and reported significant revenue and profit increases in FY24.  Economic Times