The Company proposes to use the net proceeds from the Offer to fund additional working capital requirements of up to ₹250 crore; Covering capital expenditure up to ₹90.90 crore; and balance for general corporate purposes.
Inga Ventures Private Limited, Axis Capital Limited, HDFC Bank Limited and IDBI Capital Markets & Securities Limited are the lead managers of the offering.
Transrail Lighting is present in more than 58 countries such as Bangladesh, Kenya, Tanzania, Niger, Nigeria, Mali, Cameroon, Finland, Poland, Nicaragua etc. including turnkey EPCs or utility projects. As of September 30, 2023, the company has completed EPC of 33,500 circuit kilometers (CKM) transmission lines and 30,000 CKM distribution lines domestically and internationally. The company is present in all energy transmission and distribution segments, especially in the high-voltage and extra-high voltage segments.
Manba Finance
The Mumbai-based RBI-registered NBFC, which is engaged in financing two-wheelers, used cars, small businesses and personal loans, is aiming to raise full capital by issuing up to 1.57 crore shares of face value of ₹10 each .
