Fixed Price IPO | ₹4 Cr | Listed at BSE SME | Mon, Jan 27, 2020 - Wed, Jan 29, 2020
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 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) (based on upper price). The minimum lot size for investment in 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 DRHP for detailed Information.
IPO Open
Mon, Jan 27, 2020
IPO Close
Wed, Jan 29, 2020
Issue Price
₹10 per share
Market Cap (Pre-IPO)
₹10.60 Cr
| IPO Date | 27 to 29 Jan, 2020 |
| Listed on | Wed, Feb 5, 2020 |
| Face Value | ₹10 per share |
| Issue Price | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 42,40,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 2,20,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.2200 Cr) |
| Fresh Issue (Ex Market Maker) | 40,20,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 40,20,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 63,58,800 shares |
| Share Holding Post Issue | 1,05,98,800 shares |
| BSE Script Code | 542923 |
| ISIN | INE0BIW01023 |
Tranway Technologies IPO comprises a total issue size of 42,40,000 shares. The net offer to the public is 40,20,000 shares, after excluding 2,20,000 shares allotted on a firm basis. Of the Net offer 20,10,000 (50.00%) allocated to NII 20,10,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 20,10,000 | 50.00% | 47.41% |
| Retail Shares Offered | 20,10,000 | 50.00% | 47.41% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,20,000 | 5.19% | |
| Total Shares Offered | 42,40,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| 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 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the working capital requirements of the company for business operations and expansion in India and Abroad. | 3.64 |
| 2 | General Corporate Purposes. | 0.25 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 90 | |
| Promoter Holding | 99.98% | 59.99% |
| Market Cap | ₹10.60 Cr. |
The Tranway IPO is subscribed 1.98 times on January 29, 2020 5:56:00 AM (Day 3). The public issue subscribed 2.87 times in the retail category, 0 times in the QIB category, and 1.09 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.09 | 20,10,000 | 21,90,000 |
| Retail | 2.87 | 20,10,000 | 57,70,000 |
| Total | 1.98 | 40,20,000 | 79,60,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including Underwriting Commission, Brokerage, Selling Commission and upload Fees, Registrar to the Issue, Legal Advisors etc. and other out of Pocket Expenses. | 0.26 |
| 2 | Advertising and Marketing Expenses. | 0.02 |
| 3 | Regulators Including Stock Exchanges. | 0.05 |
| 4 | Printing and distribution of Issue Stationary. | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹11.10 |
| Low | ₹11.10 |
| High | ₹11.65 |
| Last Trade | ₹11.65 |
Lead Manager Reports
Tranway Technologies IPO is a SME IPO of 42,40,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on Mon, Jan 27, 2020, and closes on Wed, Jan 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 Mon, Jan 27, 2020 and closes on Wed, Jan 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 Wed, Feb 5, 2020. Check the Tranway Technologies IPO allotment status.
The Tranway Technologies IPO listing date is on Wed, Feb 5, 2020.
