The floor price of Rs 699.95 is at a discount of 4.45% to the previous day's closing price of Rs 732.55 on the BSE.
The company may offer a discount of not more than 5% on the floor price so calculated for the issue.
Transformers & Rectifiers (India) produces transformers for both domestic and international markets.
The company reported a consolidated net profit of Rs 41.62 crore in Q4 FY24, steeply higher than Rs 9.6 crore in Q4 FY23. Revenue from operations increased 16.96% to Rs 512.7 crore in Q4 FY24.