TMC Transformers (India) Ltd. IPO Details
TMC Transformers (India) was incorporated on February 18, 2009. The company is an integrated, design-led transformer manufacturer offering a comprehensive range of oil-filled, dry-type transformers and compact substations for diverse industries. It is among the few Indian manufacturers with certifications to serve major sectors and holds unique approvals for manufacturing advanced traction transformers for Indian Railways
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 0 | - | - | ₹5,500.0 M | DRHP DOC |
TMC Transformers issue details
TMC Transformers IPO issue size is ₹ 5,500.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
TMC Transformers IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
TMC Transformers NUMBER OF SHARES ON OFFER
TMC Transformers FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 417.2 | 95.7 | -9.8 | -35.7 | 31.9% |
| FY25 | 271.7 | 46.6 | 21.3 | 12.0 | 24.6% |
| FY24 | 247.5 | 15.1 | 11.3 | 3.1 | 9.0% |
TMC Transformers INFORMATION ON IPO ISSUE
About TMC Transformers
TMC Transformers (India) was incorporated on February 18, 2009. The company is an integrated, design-led transformer manufacturer offering a comprehensive range of oil-filled, dry-type transformers and compact substations for diverse industries. It is among the few Indian manufacturers with certifications to serve major sectors and holds unique approvals for manufacturing advanced traction transformers for Indian Railways
Object of the Issue
- Funding capital expenditure towards setting up a greenfield extra high voltage (EHV) transformer manufacturing facility with an aggregate installed capacity of 78,000 MVA at Halol, Gujarat
- Part funding of the incremental working capital requirements of the company
- General corporate purposes
TMC Transformers - PROMOTERS
| Name |
|---|
| Hriday Narayan R Shukla |
TMC Transformers - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Hriday Narayan R Shukla | Chairman & Managing Director |
| Venkatasesha Sita Rama Venugopal Kalavagunta | Executive Director |
| Adit Harshad Dawda | Non-Executive Nominee Director |
| Hemang Mehta | Independent Director |
| Harshil Rajendra Patel | Independent Director |
| Nitin Jayantibhai Rathod | Independent Director |
| Dipali Desai | Independent Director |
TMC Transformers Book Running Lead Manager
Anand Rathi Advisors Limited
tmc.ipo@rathi.com
Intensive Fiscal Services Private Limited
tmc.ipo@intensivefiscal.com
TMC Transformers Registrar to the Offer
MUFG Intime India Private Limited
tmctransformers.ipo@in.mpms.mufg.com
TMC Transformers Strengths
In-house design & engineering capabilities
The company’s in-house design and engineering capabilities enable it to develop customized transformer solutions for complex applications across railways, metro, industrial, and other sectors. Its simulation-led design approach, integrated testing infrastructure, and focus on quality have supported reliable products with no transformer failure warranty claims in the last three fiscals
Integrated manufacturing capabilities
The company operates an integrated manufacturing facility with in-house design, production, and processing capabilities, enabling efficient production of customized transformers and compact substations. Its expanded manufacturing capacity and backward integration into CRGO electrical steel processing strengthen operational efficiency, quality, and timely execution
Railway transformer market leadership
The company has a strong presence in the high-entry-barrier railway transformer segment, supported by unique RDSO certifications and approvals required for Indian Railways projects. Its specialized capabilities and successful execution across multiple railway zones position it as a leading supplier in this technically demanding market
TMC Transformers Risks
Technology obsolescence & adaptation risk
The company operates in a rapidly evolving transformer industry where continuous technological upgrades and changing customer requirements are critical. Failure to adapt to new technologies, higher-specification products, or evolving industry standards could adversely affect its competitiveness and financial performance
Depend on government policies
The company operates in a cyclical industry where order inflows depend heavily on government policies, infrastructure spending, and public procurement activity. Delays or reductions in project approvals, tendering, or capital expenditure could significantly impact revenues, cash flows, and financial performance
Hazardous risks
The company’s manufacturing operations involve handling hazardous and flammable materials, exposing it to risks such as fire, explosions, leaks, and environmental incidents. Any accident or non-compliance with safety regulations could disrupt operations, increase costs, and adversely affect its financial performance and reputation
IPO FAQs
The promoter of the company is Hriday Narayan R Shukla.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.