Transteel Seating Technologies, an established furniture provider, with more than two decades of industry expertise, embarked on an exciting transformational journey in 2019 by embracing a digital-first approach. This strategic shift has completely revolutionized the way customers interact with the brand offering a seamless experience for exploring and purchasing a diverse range of furniture online. With a track record spanning over 20 years in B2B sectors, Transteel Seating Technologies excels, in creating top-notch tables and chairs that deliver exceptional performance. Their furniture solutions expertly combine design, value, and ergonomics to prioritize the comfort and satisfaction of their customers.
Transteel Seating Technologies has developed a team of design experts to offer complete solutions, for interior and workspace projects, across commercial, residential, and educational sectors. The company is dedicated to promoting inventive furniture designs while also supporting the “Make in India” campaign. They specialize in understanding individual customer needs and customizing their products accordingly.
They offer a range of products including office chairs and furniture that are designed with care to attract attention across the country. Transteel Seating Technologies operates a manufacturing facility, in Bangalore, Karnataka, India. They use a combination of, in-house production and outsourced processes for their operations. To remain competitive they constantly introduce products. Designs that cater to changing consumer demands and market trends while delivering excellent value to their customers.
Transteel Seating Technologies offers a range of products that cater to industries including education, healthcare, hospitality, banking, insurance and information technology. Their focus lies on offering attractive and durable solutions that can be tailored to meet specific needs. The company consistently enhances its manufacturing facilities, design capabilities and craftsmanship to provide high-quality products that are delivered on time without compromising on quality.
In a recent development, Transteel Seating Technologies acquired a property measuring 2,100 sq. ft. from the company’s promoters, issuing shares in exchange. This property is in the process of being converted into a showroom for their products, currently generating rental income. The strategic decision to establish a showroom in this prime location in Bangalore is expected to add significant value to the company.
Transteel Seating Technologies’ product range includes:
1. WFH. Home Office Furniture: This category covers furniture specifically created for people who work from home. It includes items like desks ergonomic office chairs and laptop stands designed to provide a stylish workspace that caters to the increasing trend of work.
2. Ergonomic Chairs: These chairs are designed to support the body offering height, lumbar support, and armrests to promote good posture, comfort, and optimal work performance.
3. Office Tables: Office tables are part of a furniture system designed to offer solutions, for office spaces.
4. Workstations: A workstation is an area where individuals carry out their work tasks. It comes equipped with a desk writing space, computer area, and document storage to create an office environment.
5. Office Furniture: This category provides a range of office storage solutions and furniture options that cater to diverse business needs.
Transteel Seating Technologies is committed to offering quality, diversity, and a customer-centric approach in their product lineup.
Transteel Seating Technologies IPO Complete Details:
Transteel Seating Technologies IPO Timetable:
Company Financial Details:
AS OF NOW, the GMP OF Transteel Seating Technologies is Around 18 Rs.
Objects Of Issue:
a) Settling or Settling Certain Borrowed Funds by Our Company
b) Acquiring Machinery to Enhance Production Capabilities
c) Covering Working Capital Needs
d) Addressing General Corporate Needs
Promoters:
1. Mr. Shiraz Ibrahim:
- Age: 53 years
- Position: Founder, Promoter, and Managing Director
- Educational Background: Bachelor’s degree in Mechanical Engineering from the University of Mysore (1991)
- Professional Experience: Over 27 years of experience
2. Ms. Nasreen Shiraz:
- Age: 48 years
- Position: Promoter and Executive Director
- Professional Experience: Over 26 years of experience
FAQs:
When Transteel Seating Technologies IPO is Opening?
Transteel Seating Technologies IPO is Opening on 30 October 2023.
When Transteel Seating Technologies IPO is Closing?
Transteel Seating Technologies IPO is Closing on 01 November 2023.
What is the Issue Size of Transteel Seating Technologies IPO?
The IPO Issue Size of Transteel Seating Technologies is 49.98 Crore
Price Band of Transteel Seating Technologies IPO?
The price Band of Transteel Seating Technologies IPO is 67 to 70 rupees per share.
What is the minimum investment for a Transteel Seating Technologies IPO?
The minimum investment for Transteel Seating Technologies IPO is 140,000 Rupees.
Allotment Date of Transteel Seating Technologies IPO?
The Allotment of Transteel Seating Technologies IPO is on 06 November 2023.
Listing Date of Transteel Seating Technologies IPO?
The Listing Of Transteel Seating Technologies is Scheduled on 09 November 2023.
One Should Apply for Transteel Seating Technologies IPO or Not?
will update soon
How to apply for Transteel Seating Technologies IPO through the Zerodha Application?
Open Zerodha Application ——–> At the Bottom Click on Orders ——–> Then at the Top Click on IPO ——–> Find Transteel Seating Technologies IPO from the list ——–> Then Click Apply Button ——–> Select Investor Type(Individual) ——–> Enter Your UPI ID ——–> Select @ Extension ——–> Click on Cut-Off Price Box ——–> Enter Quantity ——–>Tick Check Box Of Terms and Conditions ——–> Drag Submit IPO Button On Right Side ——–> Accept IPO Mandate Received in Your UPI Application.
How to apply for Transteel Seating Technologies IPO through the Upstox Application?
Open Upstox Application ——–> At the Bottom Click on Invest ——–> Then Click On “View ongoing IPO” ——–> Find Transteel Seating Technologies IPO from the list ——–> Then Click Apply Button ——–> Enter Your UPI ID ——–> Select Investor Type ——–> Enter the Number of Lots to Purchase ( ENTER 1) ——–> Click on Cut-Off Price Box ——–>Tick Check Box Of Terms and Conditions ——–> Click on Continue ——–> Click on Confirm And Apply ——–> Accept IPO Mandate Received in Your UPI Application.
How to apply for Transteel Seating Technologies IPO through Angel One Application?
Open Angel One Application ——–> At the Bottom Click on Home ——–> Click on IPO Button ——–> Find Transteel Seating Technologies IPO from the list ——–> Click on Transteel Seating Technologies IPO Name ——–> Click on Apply Now ——> Enter Lot (1) ——–> Select Investor Type ——–> Enter UPI ID ——–> Click on “Apply For IPO” —>Click On Proceed ——–> Accept IPO Mandate Received in Your UPI Application.
Who is Transteel Seating Technologies Lead Manager?
Gretex Corporate Services Limited and Pantomath Capital Advisors Private Limited are the Lead Managers of Transteel Seating Technologies.
Where To Check the Allotment of Transteel Seating Technologies IPO?
The allotment status for the Transteel Seating Technologies IPO will be accessible on the Bigshare Services Private Ltd Website.
Transteel Seating Technologies IPO is going to be listed at?
Transteel Seating Technologies IPO is going to be listed at NSE SME.
What is the Lot Size of the Transteel Seating Technologies IPO?
The lot size of the Transteel Seating Technologies IPO is 2000 Shares.
What is the EPS of Transteel Seating Technologies IPO?
The EPS of Transteel Seating Technologies is 6.8 Rupees.
What is the P/E Ratio of Transteel Seating Technologies IPO?
The P/E Ratio of Transteel Seating Technologies is N/A.
What is the ROE of Transteel Seating Technologies IPO?
The ROE of Transteel Seating Technologies is 37.21%.
What is the ROCE of Transteel Seating Technologies IPO?
The ROCE of Transteel Seating Technologies is 36.69%
