According to market observers, shares of the company are available at a premium of ₹176 in the grey market today

On BSE, the shares listed at Rs 585.15 per share, reflecting a premium of Rs 153.15, or 35.45 per cent, which was in line with market expectation

IPO of Transrail Lighting had received bids worth close to ₹50,000 crore as the issue had received overall subscription of over 80 times.

Shares of Transrail Lighting Ltd surged nearly 37 per cent on the first day of trading on Friday against the issue price of Rs 432. Transrail Lighting Stocks Debut: Details The stock listed at Rs 585.

Transrail Lighting IPO debuts with high subscription rates, expected listing gain of 40%, and strong anchor investor support.

The Rs 838.91 crore IPO has received an oversubscription of a whopping 80.80 times on the final day of its bidding. Following this, the basis of allotment of the IPO will take place on.

Transrail Lighting sold its shares in the price band of Rs 410-432 apiece, which could be applied for a minimum of 34 shares and its multiples to raise a total of Rs 838.91 crore.

Unlisted shares of Transrail Lighting Ltd are currently trading at Rs 624 per share in the grey market, which is Rs 192 or 44.44 per cent higher than the IPO issue price of Rs 432. It indicates a stellar listing on December 27.

The ₹839 crore mainboard IPO of Transrail Lighting saw overall subscription of 81 times during the three-day period. The issue opened on December 19 and closed on December 23.