Transrail Lighting IPO subscribed 10.84 times on Day 3 so far. Check GMP, review and other details

The IPO of Transrail Lighting was fully subscribed on its final day of bidding, with an overall subscription of 10.84 times. The offer includes a fresh equity issue of Rs 400 crore and an OFS of 1.01 crore shares. Analysts recommend subscribing due to the company’s strong financial health, solid market position, and promising growth prospects. The issue closes on December 23.