Transteel Seating Technologies Limited IPO
1. Long-Term Experience: Transteel has a history of over two decades in the furniture industry. Their experience spans both corporate and B2B sectors, which has contributed to their expertise in crafting various types of furniture.
2. Digital Transformation: In 2019, Transteel adopted a digital-first approach, which means they have leveraged digital technologies to transform the way customers engage with their brand. This shift allows customers to conveniently browse and purchase furniture from their diverse range online.
3. Product Range: The company specializes in making chairs, office furniture, and other residential and commercial furniture. Their primary focus appears to be on crafting performance-oriented tables and chairs, which prioritize design, value, and ergonomics to ensure customer comfort and back health.
4. Design and Customization: Transteel has developed an in-house technical and design team that provides turnkey solutions and implements interior and workspace designs in various settings, including commercial, residential, and educational institutions. They emphasize understanding the specific requirements of potential customers and designing and delivering products according to the client’s needs.
5. Manufacturing Facilities: The company’s manufacturing facility is located in Yeshwanthpur, Bangalore, India. They appear to employ a combination of in-house manufacturing and outsourcing to vendors for the production of their furniture. This involves the sourcing of molds and the use of injection molding vendors to produce parts, which are then assembled in their factory.
6. Geographic Expansion: Transteel has expanded its presence to various cities in India, including Mumbai, Chennai, Delhi NCR, Pune, and Hyderabad. This expansion enables them to cater to a broader customer base across the country.
7. Sales and Distribution: The business likely relies on a network of sales and distribution channels to reach customers across India. The reference to sales across various locations indicates the reach of their products.
i. Experienced Promoters
ii. Sales, marketing, and distribution capabilities
iii. Brand Positioning
Objects of the Transteel Seating Technologies Limited IPO:
Transteel Seating Technologies Limited IPO Details:
|Open Date:||Oct 30 2023|
|Close Date:||Nov 01 2023|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Built Issue IPO|
|Issue Size:||49.98 Cr.|
|Lot Size:||2000 Shares|
|Issue Price:||₹ 67 - 70 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Nov 09 2023|
Promoters And Management:
Financials of Transteel Seating Technologies Limited IPO:
Particulars ( In Lakhs )
|Revenue from Operations||2,281||2,799||5,948||3,126|
|Cost of Material Consumed||1,186||1,456||2,889||1,595|
|Change in inventories||-103||-150||-361||-329|
|Employee benefits expenses||492||584||1,085||570|
|Depreciation & Amortisation||61||61||70||60|
Comparison With Peers:
|Name of the Company||Revenue (In Crore)||PAT (In Crore)||EPS ( in Rs)||P/E||CMP||Mcap (In Crore)|
|Transteel Seating Technologies Limited||59||9.09||4.50||15.5||70||141|
|Seasons Furnishing Limited||8||0.26||0.35||11.5||4.04||3|
|Shashwat Furnishing Solutions Limited||5||0.21||1.01||32.8||33||7|