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Tranway Technologies IPO is a fixed price issue of ₹4.24 crores. The issue is entirely a fresh issue of 0.42 crore shares of ₹4.24 crore.
Tranway Technologies IPO bidding started from Jan 27, 2020 and ended on Jan 29, 2020. The allotment for Tranway Technologies IPO was finalized on Feb 3, 2020. The shares got listed on BSE SME on Feb 5, 2020.
Tranway Technologies IPO price is ₹10.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,00,000 (10000 shares). The minimum lot size investment for HNI is 3 lots (30,000 shares), amounting to ₹3,00,000.
Finshore Management Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Nikunj Stock Brokers Ltd..
Refer to Tranway Technologies IPO RHP for detailed Information.
| IPO Date | January 27, 2020 to January 29, 2020 |
| Listing Date | February 5, 2020 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 42,40,000 shares (aggregating up to ₹4.24 Cr) |
| Reserved for Market Maker | 2,20,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.2200 Cr) |
| Net Offered to Public | 40,20,000 shares (aggregating up to ₹4.02 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 63,58,800 shares |
| Share Holding Post Issue | 1,05,98,800 shares |
Tranway IPO offers total 42,40,000 shares. Out of which 20,10,000 (47.41%) allocated to NII, 20,10,000 (47.41%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,20,000 (5.19%) |
| NII (HNI) Shares Offered | 20,10,000 (47.41%) |
| Retail Shares Offered | 20,10,000 (47.41%) |
| Total Shares Offered | 42,40,000 (100.00%) |
Tranway Technologies IPO opens on January 27, 2020, and closes on January 29, 2020.
| IPO Open Date | Mon, Jan 27, 2020 |
| IPO Close Date | Wed, Jan 29, 2020 |
| Tentative Allotment | Mon, Feb 3, 2020 |
| Initiation of Refunds | Tue, Feb 4, 2020 |
| Credit of Shares to Demat | Wed, Feb 5, 2020 |
| Tentative Listing Date | Wed, Feb 5, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jan 29, 2020 |
Investors can bid for a minimum of 10,000 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 | 10,000 | ₹1,00,000 |
| Retail (Max) | 2 | 20,000 | ₹2,00,000 |
| HNI (Min) | 3 | 30,000 | ₹3,00,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2015, Karnataka- based Tranway Technologies Ltd is engaged in the business of Software product development, Software services, Software Testing and Development, Staffing Services, Human Resource Consulting, Contract Staffing, Manpower Supply Services, Recruitment Process Organization (RPO), Training For Employability, and related services.
The company also works as Technical Advisors, Purveyors, and Consultants for processed & applied technology, research & development and technical Know-how.
The core business of Tranway Technologies is offering Staffing solutions and Payroll processing. The company outsources Tranway Payroll to the clients for managing their clients' on-roll employees.
Competitive Strengths
1. End-to-end technology services and solutions
2. Existing long-term client base
| Particulars | For the year/period ended (Rs in Lakhs) | ||||
|---|---|---|---|---|---|
| 30-Sept-19 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 2,71.09 | 2,13.50 | 2,42.46 | 1,08.48 | |
| Total Revenue | 2,29.22 | 5,17.53 | 3,93.93 | 3,11.73 | |
| Profit After Tax | 6.34 | 24.01 | 11.37 | 12.34 | |
The market capitalization of Tranway Technologies IPO is ₹10.60 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 90 |
The Company proposes to utilize the funds which are being raised through this Issue towards the below mentioned objects:
1. To Meet working capital requirement
2. Public issue expenses
3. General corporate purpose
[Dilip Davda] TTL is in a highly competitive and fragmented segment. It is posing threats from big players. Financial data has no match for the asking price even at par value. Higher equity base post issue with negligible top line raises concern. LM has poor track record. Although it has positive NAV and higher acquisition cost of shares by the promoters, only cash surplus, risk savvy investors may consider investment for long term at their own risk. Read detail review...
| Listing Date | February 5, 2020 |
| BSE Script Code | 542923 |
| NSE Symbol | |
| ISIN | INE0BIW01023 |
| Final Issue Price | ₹10 per share |
| BSE Listing Group | TS |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹11.10 |
| Low | ₹11.10 |
| High | ₹11.65 |
| Last Trade | ₹11.65 |
Tranway Technologies Ltd.
No. 1914, 5th Cross, 18th 'A' Main,
J P Nagar,
2nd Phase,
Bangalore Urban, Karnataka, 560078
Phone: 080-46730800
Email: cs@tranwayinc.com
Website: http://www.tranwayinc.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: tranway.ipo@linktime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Tranway Technologies IPO is a SME IPO of 42,40,000 equity shares of the face value of ₹10 aggregating up to ₹4.24 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on January 27, 2020, and closes on January 29, 2020.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Tranway Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Tranway Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tranway Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tranway Technologies IPO opens on January 27, 2020 and closes on January 29, 2020.
Tranway Technologies IPO lot size is 10000, and the minimum amount required for application is ₹1,00,000.
You can apply in Tranway Technologies 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 Tranway Technologies IPO will be done on Monday, February 3, 2020, and the allotted shares will be credited to your demat account by Wednesday, February 5, 2020. Check the Tranway Technologies IPO allotment status.
The Tranway Technologies IPO listing date is on Wednesday, February 5, 2020.
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