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15 Days Price Change

Transteel Seat Tech IPO

Closing In

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Issue Size --
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Price Range 67  to  70 per share
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Min Investment ₹70
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Lot Size 1
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Face Value ₹10
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Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Transteel Seating Technologies Ltd is a leading company in the field of innovative and ergonomic seating solutions. Established with a commitment to enhancing comfort and productivity, Transteel specializes in designing and manufacturing high-quality seating products for a wide range of applications. With a strong emphasis on research and development, the company continuously pioneers cutting-edge technologies to create chairs, seats, and furniture that prioritize both form and function. Transteel's product portfolio caters to diverse industries, including office environments, automotive, healthcare, and public transportation. Their seating solutions are celebrated for their durability, modern aesthetics, and advanced features that promote comfort and well-being. Committed to sustainability and customer satisfaction, Transteel Seating Technologies Ltd sets the standard for excellence in the seating industry through its dedication to innovation and quality craftsmanship. Read More

Basic Info

Face Value 10 per share

Price 67  to  70 per share

P/E (x) 11.1

Sales( Cr.) 89

PAT( Cr.) 13

EPS 6.3

Draft Prospectus

Exchange NSE-SME

Promoter

Company Promoters

Mr. Shiraz Ibrahim Ms. Nasreen Shiraz

Pre Issue Share Holding 83.75%

Post Issue Share Holding 53.83%

Listing Details:

Listing Price: 88.9

Listing Gain: 21.26%

Current Price: 124.7

Gain On Issue: 124.7 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Oct 30, 2023
Closing Date Nov 01, 2023
Allotment Nov 02, 2023
Refund Nov 03, 2023
Delivery of Shares Nov 03, 2023
Listing Date Nov 06, 2023

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 140,000
Retail (Max) 1 2000 140,000
S-HNI (Min) 2 4000 280,000
S-HNI (Max) 7 14000 980,000
B-HNI (Min) 8 16000 1,120,000

Objective of the Issue

1. Prepayment/Repayment of Certain Debt Facility availed by our Company 2. Purchase of Equipments to Facilitate Manufacturing 3. Working Capital Requirements 4. General Corporate Purposes

Issue

Category Nos Bid Bid (x)
QIB 3570000 43375500 12.2x
NII 2499000 307077120 122.9x
Retail 1071000 42647220 39.8x
EMP 0 0 0x
Total 7140000 351359400 49.2x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Transteel Seat Tech Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 23 28 59 74 89
Other Income 0 0 0 0 0
Total Income 23 28 60 75 89
Total Expenditure 21 24 44 55 66
Operating Profit 2 4 16 20 22
Interest 1 1 3 4 3
Depreciation 1 1 1 1 1
Exceptional Income / Expenses -0 0 -0 0 0
Profit Before Tax 0 2 13 15 18
Provision for Tax 0 1 3 4 5
Profit After Tax -0 2 9 11 13
Adjustments 0 0 0 0 0
Profit After Adjustments -0 2 9 11 13
Adjusted Earnings Per Share -0 2.9 6.8 5.5 6.3

Transteel Seat Tech Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 5 6 24 78 100
Minority's Interest 0 0 0 0 0
Borrowings 2 4 16 10 14
Other Non-Current Liabilities 1 1 1 1 1
Total Current Liabilities 18 26 43 54 47
Total Liabilities 25 36 83 142 162
Fixed Assets 4 4 4 4 18
Other Non-Current Assets 5 13 28 33 34
Total Current Assets 16 19 51 105 110
Total Assets 25 36 83 142 162

Transteel Seat Tech Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 1 1 0 0
Cash Flow from Operating Activities 2 6 -4 -42 8
Cash Flow from Investing Activities -5 -8 -16 -5 -16
Cash Flow from Financing Activities 3 2 20 47 9
Net Cash Inflow / Outflow -0 0 0 -0 1
Closing Cash & Cash Equivalent 1 1 1 0 1

Transteel Seat Tech Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -0.01 2.9 6.79 5.51 6.28
CEPS(Rs) 1.1 4.02 7.31 5.88 6.97
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 8.59 11.5 18.25 38.59 44.87
Core EBITDA Margin(%) 8.12 14.92 26.54 26.26 25.03
EBIT Margin(%) 5.64 13.02 25.41 25.75 23.78
Pre Tax Margin(%) 0.79 7.8 21.08 20.2 19.84
PAT Margin (%) -0.03 5.68 15.29 14.97 14.29
Cash Profit Margin (%) 2.63 7.87 16.47 15.98 15.86
ROA(%) -0.02 5.18 15.23 9.85 8.32
ROE(%) -0.13 28.91 59.17 21.72 15.04
ROCE(%) 8.82 21.33 42.63 23.24 16.79
Receivable days 38.4 43.48 69.29 83.71 68.48
Inventory Days 189.7 162.08 113.65 102.77 97.02
Payable days 287.71 303.19 250.15 180.36 110.63
PER(x) 0 0 0 10.9 15.08
Price/Book(x) 0 0 0 1.56 2.11
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 0.39 0.44 0.44 2.09 2.55
EV/Core EBITDA(x) 4.68 2.9 1.64 7.81 10.06
Net Sales Growth(%) 0 22.7 112.51 24.84 19.38
EBIT Growth(%) 0 183.23 314.89 26.5 10.25
PAT Growth(%) 0 0 471.64 22.2 13.97
EPS Growth(%) 0 0 133.7 -18.88 13.97
Debt/Equity(x) 2.1 2.11 1.1 0.45 0.42
Current Ratio(x) 0.88 0.75 1.19 1.94 2.34
Quick Ratio(x) 0.23 0.24 0.63 1.61 1.72
Interest Cover(x) 1.16 2.49 5.86 4.64 6.03
Total Debt/Mcap(x) 0 0 0 0.29 0.2

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 20% 47% 0% 0%
Operating Profit CAGR 10% 77% 0% 0%
PAT CAGR 18% 87% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -4% NA% NA% NA%
ROE Average 15% 32% 25% 25%
ROCE Average 17% 28% 23% 23%

Company Contact Information

Transteel Seating Technologies Ltd.

No. 28, 4th Main Industrial Suburb Yeshwanthpur

IPO Lead Manager(s)

Transteel Seating Technologies Ltd.

Gretex Corporate Services Ltd.

Pantomath Capital Advisors Pvt Ltd.

Registrar Info

Transteel Seating Technologies Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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