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Transwarranty Finance IPO is a book build issue of ₹31.20 crores. The issue is entirely a fresh issue of 0.60 crore shares of ₹31.20 crore.
Transwarranty Finance IPO bidding started from Jan 23, 2007 and ended on Feb 2, 2007. The shares got listed on BSE, NSE on Feb 26, 2007.
Transwarranty Finance IPO price band is set at ₹52.00 per share . The lot size for an application is 120. The minimum amount of investment required by an retail is ₹5,760 (120 shares). The lot size investment for sNII is 33 lots (3,960 shares), amounting to ₹2,05,920, and for bNII, it is 161 lots (19,320 shares), amounting to ₹10,04,640.
The issue includes a reservation of up to 1,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
IDBI Capital Markets Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Transwarranty Finance IPO RHP for detailed Information.
| IPO Date | January 23, 2007 to February 2, 2007 |
| Listing Date | February 26, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹48 to ₹55 per share |
| Issue Price Final | ₹52 per share |
| Lot Size | 120 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 60,00,000 shares (aggregating up to ₹31.20 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 80,00,000 shares |
| Share Holding Post Issue | 1,40,00,000 shares |
Transwarranty IPO offers total 60,00,000 shares. Out of which 29,50,000 (49.17%) allocated to QIB, 8,85,000 (14.75%) allocated to NII, 20,65,000 (34.42%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 29,50,000 (49.17%) | NA |
| NII (HNI) Shares Offered | 8,85,000 (14.75%) | NA |
| Retail Shares Offered | 20,65,000 (34.42%) | 17,208 |
| Employee Shares Offered | 1,00,000 (1.67%) | NA |
| Total Shares Offered | 60,00,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Transwarranty Finance IPO opens on January 23, 2007, and closes on February 2, 2007.
| IPO Open Date | Tue, Jan 23, 2007 |
| IPO Close Date | Fri, Feb 2, 2007 |
| Tentative Listing Date | Mon, Feb 26, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Feb 2, 2007 |
Investors can bid for a minimum of 120 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 120 | ₹6,240 |
| Retail (Max) | 32 | 3,840 | ₹1,99,680 |
| S-HNI (Min) | 33 | 3,960 | ₹2,05,920 |
| S-HNI (Max) | 160 | 19,200 | ₹9,98,400 |
| B-HNI (Min) | 161 | 19,320 | ₹10,04,640 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Established in 1994, Transwarranty Finance Limited (TFL) is a Non Banking Financial Services Company (NBFC) with active business in trade finance, corporate finance and investment banking activities.
TFL business line also include corporate advisory services, foreign exchange advisory, financial services BPO to Citi Financial Consumer Finance India Limited, Investment Banking and Wealth Management services to corporates, retail and institutional clients across various cities and towns in India.
TFL revenues comes from three major sources - Corporate Finance, Investment Banking & Advisory Services and Trade Finance.
TFL Subsidiaries:
1. Transwarranty Capital Private Limited (TCPL)
2. Transwarranty Forex & Commodities Private Limited (TFCPL)
3. Transwarranty Credit Care Private Limited (TCCPL)
4. Transwarranty Forex & Commodities DMCC, UAE (TFCD) (Proposed).
| KPI | Values |
|---|---|
| RoNW | 23.86% |
The Company Transwarranty IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Expansion of office premises for increasing the scale of operations | |
| 2 | Strategic investments or acquisition of companies engaged in the business of financial services and banking | |
| 3 | Geographic expansion through opening of regional offices and Overseas Branches | |
| 4 | Transwarranty Capital Pvt. Ltd - Technology up-gradation | 1.57 |
| 5 | Transwarranty Capital Pvt. Ltd - Working capital | 5.60 |
| 6 | Transwarranty Forex & Commodities Pvt. Ltd. - Acquisition and activation of NCDEX membership | 0.40 |
| 7 | Transwarranty Forex & Commodities Pvt. Ltd. - Merger of the foreign exchange broking firm – Trans Warrantyy Forex & Derivatives Company | 0.30 |
| 8 | Transwarranty Credit Care Pvt. Ltd. - Activation of Private Equity/Venture Fund registration with SEBI | 0.20 |
| 9 | Transwarranty Forex & Commodities DMCC - UAE - Acquisition and activation of membership in the Dubai Gold & Commodities Exchange | 1.58 |
| 10 | IPO Expenses |
| Listing Date | February 26, 2007 |
| BSE Script Code | 532812 |
| NSE Symbol | TFL |
| ISIN | INE804H01012 |
| Final Issue Price | ₹52 per share |
| BSE Listing Group | B1 |
Transwarranty Finance Ltd.
Transwarranty Finance Limited (TFL),
403, Regent Chambers,
Nariman Point, Mumbai – 400021
Nariman Point, Maharashtra
Phone: +91 22 2204 7965
Email: ibank@transwarranty.com
Website: http://www.transwarranty.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: transwarrantyipo@intimesprectrum.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Transwarranty Finance IPO is a main-board IPO of 60,00,000 equity shares of the face value of ₹10 aggregating up to ₹31.20 Crores. The issue is priced at ₹52 per share. The minimum order quantity is 120.
The IPO opens on January 23, 2007, and closes on February 2, 2007.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Transwarranty Finance IPO using UPI as a payment gateway. Zerodha customers can apply in Transwarranty Finance IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Transwarranty Finance IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Transwarranty Finance IPO opens on January 23, 2007 and closes on February 2, 2007.
Transwarranty Finance IPO lot size is 120, and the minimum amount required for application is ₹6,240.
You can apply in Transwarranty Finance IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Transwarranty Finance IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Transwarranty Finance IPO allotment status.
The Transwarranty Finance IPO listing date is on Monday, February 26, 2007.
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