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Tranway Technologies Ltd IPO (Tranway IPO) Detail

Jan 27, 2020 - Jan 29, 2020

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

Company Promoters:

Mr. Bharat and Mrs. Kalavathy Bylappa are the promoters of the company.

Company Financials:

Summary of financial Information (Restated)
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

Objects of the Issue:

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

Tranway IPO Details

IPO Opening Date Jan 27, 2020
IPO Closing Date Jan 29, 2020
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹10 per equity share
Market Lot 10000 Shares
Min Order Quantity 10000 Shares
Listing At BSE SME
Issue Size4,240,000 Eq Shares of ₹10
(aggregating up to ₹4.24 Cr)
Fresh Issue4,240,000 Eq Shares of ₹10
(aggregating up to ₹4.24 Cr)
P/E (x)90
Market Cap (₹ Cr.)10.6

Tranway IPO Tentative Timetable

The Tranway IPO open date is Jan 27, 2020, and the close date is Jan 29, 2020. The issue may list on Feb 6, 2020.

IPO Open Date Jan 27, 2020
IPO Close Date Jan 29, 2020
Basis of Allotment Date Feb 3, 2020
Initiation of Refunds Feb 4, 2020
Credit of Shares to Demat Account Feb 5, 2020
IPO Listing Date Feb 6, 2020

Tranway IPO Lot Size

The Tranway IPO market lot size is 10000 shares. A retail-individual investor can apply for up to 2 lots (20000 shares or ₹200,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 10000 ₹100,000
Maximum 2 20000 ₹200,000

Tranway IPO Promoter Holding

Pre Issue Share Holding 99.98%
Post Issue Share Holding 59.99%

Tranway IPO Review

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...

Tranway IPO Subscription Status (Bidding Detail)

The Tranway IPO is subscribed 1.98 times on 1/29/2020 5:56:00 AM. The public issue subscribed 2.87 times in the retail category, 0.00 times in the QIB category, and 1.09 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII1.09
Retail2.87
Total1.98

Tranway IPO Prospectus

Tranway IPO Rating

64
3.4
Rating:Rated 3.4 stars
Vote Here ...

Tranway IPO Listing Date

Listing Date Wednesday, February 5, 2020
BSE Script Code 542923
NSE Symbol
Listing In TS Group of Securities
ISIN INE0BIW01023
IPO Price ₹10 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹10.00
₹11.10
₹11.10
₹11.65
₹11.65

Company Contact Information

Tranway Technologies Ltd
No. 1914, 5th Cross, 18th 'A' Main,
J P Nagar, 2nd Phase,
Bangalore, Karnataka - 560078, India
Phone: 080-46730800
Email: cs@tranwayinc.com
Website: http://www.tranwayinc.com/

Tranway IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: tranway.ipo@linktime.co.in
Website: https://linkintime.co.in/

Tranway IPO FAQs

Tranway IPO is a SME IPO of 4,240,000 equity shares of the face value of ₹10 aggregating up to ₹4.24 Crores. The issue is priced at ₹10 per equity share. The minimum order quantity is 10000 Shares.

The IPO opens on Jan 27, 2020, and closes on Jan 29, 2020.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Tranway IPO opens on Jan 27, 2020 and closes on Jan 29, 2020.

Tranway IPO lot size is 10000 Shares and the minimum order quantity is 10000 Shares.

You can apply in Tranway IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Tranway IPO will be done on Feb 3, 2020, and the allotted shares will be credited to your demat account by Feb 5, 2020. Check the Tranway IPO allotment status.

The Tranway IPO listing date is on Wednesday, February 5, 2020.

Tranway IPO Message Board

Ranked Members  Ranked Members

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37 Comments

19. Arjunsinh Solanki |Mar 16, 2020 12:35:19 AM
THANKS PREMIUM MEMBER
18. GDK |Mar 11, 2020 6:13:41 PM
Its good that Chittogarh team has given the status of member.. so we can ignore these crap messsages..
17. ManishS |Feb 11, 2020 5:04:13 PM
this is the same company for which corporate capital ventures is banned from accessing the capital market. merchant banker has taken issue withdrawal letter in advance and then the matter went to SEBI...
shows the mindset of promoters.


also looking at ratios, it sure looks like something is phishy...
17.1. ManishS |Feb 11, 2020 5:06:25 PM
sorry it was for ICL and not tranway
16. FUNDINGTOUCH |Feb 10, 2020 5:22:29 PM
TRANWAY ONLY BUYERS 13.48 RS .
HP BIG INVESTMENT IN DECCAN HEALTHCARE, RITCO LOGISTICS , NORTHERN SPIRITS , TRANWAY TECHNOLOGIES, SUICH IND...
15. FUNDINGTOUCH |Feb 6, 2020 1:45:45 AM
HP is back he invested in TRANWAY
15.3. Small Investor |Feb 10, 2020 5:13:40 PM
IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
Dear Traders ji
Look Bulk Deals in Particulars Stocks ,Where you find Details
15.4. Small Investor |Feb 10, 2020 5:15:35 PM
IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
In Suich Industries
Patel Family Take a big Stake
14. FUNDINGTOUCH |Feb 7, 2020 12:42:57 AM
TRANWAY GIVEN FANTASTIC RETURNS TO INVESTORS STOCK UP 23% IN 2 DAYS .CURRENTLY RATE @12.23 RS UPPER CIRCUIT.
14.1. Small Investor |Feb 7, 2020 11:10:27 AM
IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
We all made fool in the chakkar of LM
13. RAJAKUMAR |Feb 5, 2020 9:47:25 AM
IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
Dear Small
Allotted 20k
Sold 20k at 11.10
13.1. Small Investor |Feb 5, 2020 11:25:58 AM
IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
Tranway now almost 16% up,we are made fool by LM and almost 800000 lk buyers
12. Splendid |Feb 5, 2020 9:32:09 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Listing @ 10% Premium.. We all made fool.
11. BLR |Jan 30, 2020 9:00:21 AM
Dear Small Investor , even i not applied . I am looking for Madhav copper ltd . let us we will the subscription . LM is good .
10. Small Investor |Jan 29, 2020 4:30:09 PM
IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
Dear Raja,Dinesh,BLR,Medge
I skip to
tranway,Madhav and Janu all three Running IPO
Next upcoming ipos ICL Dairy LM Also Finchore where its another ipo ICL Multi trading India Limited also fail due to Subscription ( Withdrawal )
Chandra Bhagat pharma also Coming but where Few Litigation
9. Medge |Jan 29, 2020 4:05:30 PM
IPO Guru IPO Guru (1000+ Posts, 1700+ Likes)
no any big HNI applied on last day,
finchore again managed to loot RII
9.1. Small Investor |Jan 29, 2020 4:13:09 PM
IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
RII ko ab ipo m apply na krke khud ka ipo lana shuru kr dena chahiy km se km 1x subscription aaram se mil jayega
8. Small Investor |Jan 29, 2020 3:49:44 PM
IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
It Should be list at par or with few listing gain now
7. traderji |Jan 29, 2020 3:18:46 PM
Why subscription is not updating at last day in crucial time. Last update time is 1:51 more than 2 hours. Please update is admin.
6. BLR |Jan 29, 2020 11:18:27 AM
NIIs quota is over i.e 0.93% . No changes from last three days . Poor retails are aggressive now . God only know listing gain !!.
6.3. techuser |Jan 29, 2020 2:32:52 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Seems that it will list in discount.
6.4. hchc |Jan 29, 2020 2:59:50 PM
Listing could b at par
5. Medge |Jan 29, 2020 10:14:50 AM
IPO Guru IPO Guru (1000+ Posts, 1700+ Likes)
Dear Admin
Why subscription table showing QIB column?
Also QIB + HNI + RII = Total, numbers are not matching?

Thank You
5.1. Rekha Rawat |Jan 29, 2020 10:31:44 AM
We are fixing it. Thank You.
5.2. Medge |Jan 29, 2020 11:05:17 AM
IPO Guru IPO Guru (1000+ Posts, 1700+ Likes)
Thank you Mam
4. Medge |Jan 24, 2020 10:44:49 AM
IPO Guru IPO Guru (1000+ Posts, 1700+ Likes)
Below are employee comments about this company.

1)
I have been working at Tranway Technologies

Pros

Nothing, worst management, small single room firm, all manual work

Cons

Salary comes after 18th of every next month. Once they put on deputation you have to write 100 emails for anything. Your F&F will not be done. Employer PF & employee PF deductions from Salary. Higher management people don't even listen or reply to emails. Worst leave policies as only once in a month and that too no advance leave. So basically one has to work whole year to take leaves. Worst staffing firm. They give false promises.Don't Join.

2)
I have been working at Tranway Technologies for more than a year

Pros

nothing, dont do the mistake of joining this company by listening to the employer..Check with previous or current employees and then join

Cons

Everything, no value for humanity, no support for work life balance, salaries will be paid when the employer wishes no regularity on salary date..

Advice to Management

Be loyal and employee friendly, do not act like you are the reason behind our food
4.2. Small Investor |Jan 24, 2020 11:34:30 AM
IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
डिअर
में हमेशा फिनचोर के खिलाफ हु ,क्योकि ये लीड मैनेजर हमेशा रेटिलर्स को लुटता हे याद रखे पावरफुल टेक्नोलॉजी ,श्री कृष्णा इंफ़्रा सुन गोल्ड एंड बहुत सी और कम्पनी हे ,
लेकिन इस आईपीओ में फंडामटेल्स अच्छे लग रहे हे ,हो सकता हे वो कुकिंग फंडामटेल्स हो और हा इस कम्पनी के कर्मचारियों का अनुभव क्या कह रहा हे उसको गौर जरूर कर सकते हे
कंपनी के मालिकों की एवरेज कॉस्ट ऑफ़ शेयर्स जब 11+ हे तो वो आईपीओ 10 इशू प्राइस पर क्यों दे रहे हे
इतनी मेहरबानी क्यों ?

अगर NII की तरफ से अच्छा रिस्पॉन्स मिले तो रिस्क लेकर कूद पड़ो


4.3. Medge |Jan 24, 2020 11:42:49 AM
IPO Guru IPO Guru (1000+ Posts, 1700+ Likes)
Dear Small,

Do not forget mindpool, this company also have similar business model.

I would even say Mindpool is doing better than this TTL.

Keep LM aside.

Now its your call.
3. Medge |Jan 24, 2020 10:31:48 AM
IPO Guru IPO Guru (1000+ Posts, 1700+ Likes)
Another avoid reason is LM finchore.
Big NO when LM is finchore.
2. Medge |Jan 24, 2020 10:30:57 AM
IPO Guru IPO Guru (1000+ Posts, 1700+ Likes)
Costly, avoid.

Do not burn your finger in any nano software company.
software service based companies are very risky.
1. Small Investor |Jan 22, 2020 5:49:18 PM
IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
First looks Its Good Ipo,Avg cost of Promotos is Almost Rs 12
NAV 14+
Issue price is Rs 10
But LM Is Finchore
Wait for Responce of NIIs
1.1. Small Investor |Feb 10, 2020 5:19:06 PM
IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
Till Date this Counter Give Good Return and almost 40000+ profit to Investors