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The IPO, which concluded on November 1, was oversubscribed by 49.21 times overall. The retail category saw a subscription of 39.82 times, Qualified Institutional Buyers (QIB) subscribed 12.15 times, and non-institutional investors (NII) recorded a high of 122.88 times.
The offering consisted of a fresh issue worth ₹47.49 crore and an offer for sale (OFS) worth ₹2.49 crore. Shares were priced between ₹67 to ₹70 per share with a minimum investment of ₹140,000 and a lot size of 2,000 shares.
The IPO has also generated interest in the grey market where shares are trading at a premium of ₹12 per share, indicating that they are trading above their issue price.
Transteel Seating Technologies’ shares are due to be listed on the NSE SME platform by Wednesday, November 9.
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