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Tranway Technologies Ltd IPO (Tranway IPO) Detail

January 27, 2020 - January 29, 2020

Tranway IPO is a fixed price issue of Rs 4.24 crores. The issue is entirely a fresh issue of 42.4 lakh shares.

Tranway IPO bidding started from January 27, 2020 and ended on January 29, 2020. The allotment for Tranway IPO was finalized on Monday, February 3, 2020. The shares got listed on BSE SME on February 5, 2020.

Tranway IPO price is ₹10 per share. The minimum lot size for an application is 10000 Shares. The minimum amount of investment required by retail investors is ₹100,000.

Finshore Management Services Limited is the book running lead manager of the Tranway IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Tranway IPO RHP for detailed information.

Tranway IPO Details

IPO Date January 27, 2020 to January 29, 2020
Listing Date February 5, 2020
Face Value ₹10 per share
Price ₹10 per share
Lot Size 10000 Shares
Total Issue Size4,240,000 shares
(aggregating up to ₹4.24 Cr)
Fresh Issue4,240,000 shares
(aggregating up to ₹4.24 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion220,000 shares

Tranway IPO Reservation

Tranway IPO offers 4,240,000 shares. 2,010,000 (47.41%) to NII, 2,010,000 (47.41%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered220,000 (5.19%)
Other Shares Offered2,010,000 (47.41%)
Retail Shares Offered2,010,000 (47.41%)
Total Shares Offered4,240,000 (100%)

Tranway IPO Timeline (Tentative Schedule)

Tranway IPO opens on January 27, 2020, and closes on January 29, 2020.

IPO Open Date Monday, January 27, 2020
IPO Close Date Wednesday, January 29, 2020
Basis of Allotment Monday, February 3, 2020
Initiation of Refunds Tuesday, February 4, 2020
Credit of Shares to Demat Wednesday, February 5, 2020
Listing Date Wednesday, February 5, 2020
Cut-off time for UPI mandate confirmation 5 PM on January 29, 2020

Tranway IPO Lot Size

Investors can bid for a minimum of 10000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 10000 ₹100,000
Retail (Max) 2 20000 ₹200,000
Lot Size Calculator

Tranway IPO Promoter Holding

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

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

About Tranway Technologies Ltd

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 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

Key Performance Indicator

The market capitalization of Tranway IPO is Rs 10.6 Cr.

Pre IPO Post IPO
P/E (x) 90

Objects of the Issue (Tranway IPO Objectives)

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 Review (May apply)

[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...


Tranway IPO Subscription Status (Bidding Detail)

The Tranway IPO is subscribed 1.98 times on January 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)
Other1.09
Retail2.87
Total1.98

Tranway IPO Prospectus

Tranway IPO Rating

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

Tranway IPO Listing Details

Listing Date February 5, 2020
BSE Script Code 542923
NSE Symbol
ISIN INE0BIW01023
Final Issue Price ₹10 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹10.00
₹11.10
₹11.10
₹11.65
₹11.65

Check IPO Performance…

Tranway Technologies Ltd Contact Details

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/initial_offer/public-issues.html

Tranway IPO - Buy or Not

Tranway IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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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 share. The minimum order quantity is 10000 Shares.

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

Tranway IPO lot size is 10000 Shares, and the minimum amount required is ₹100,000.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Tranway 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 IPO allotment status.

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

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members

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37 Comments

19. Arjunsinh Solanki |   Link |  Bookmark |March 16, 2020 12:35:19 AM
THANKS PREMIUM MEMBER
18. GDK |   Link |  Bookmark |March 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 |   Link |  Bookmark |February 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 |   Link |  Bookmark |February 11, 2020 5:06:25 PM
sorry it was for ICL and not tranway
16. FUNDINGTOUCH |   Link |  Bookmark |February 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 |   Link |  Bookmark |February 6, 2020 1:45:45 AM
HP is back he invested in TRANWAY
15.3. Small Investor |   Link |  Bookmark |February 10, 2020 5:13:40 PM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
Dear Traders ji
Look Bulk Deals in Particulars Stocks ,Where you find Details
15.4. Small Investor |   Link |  Bookmark |February 10, 2020 5:15:35 PM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
In Suich Industries
Patel Family Take a big Stake
14. FUNDINGTOUCH |   Link |  Bookmark |February 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 |   Link |  Bookmark |February 7, 2020 11:10:27 AM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
We all made fool in the chakkar of LM
13. RAJAKUMAR |   Link |  Bookmark |February 5, 2020 9:47:25 AM (1400+ Posts, 1200+ Likes)
Dear Small
Allotted 20k
Sold 20k at 11.10
13.1. Small Investor |   Link |  Bookmark |February 5, 2020 11:25:58 AM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
Tranway now almost 16% up,we are made fool by LM and almost 800000 lk buyers
12. Splendid |   Link |  Bookmark |February 5, 2020 9:32:09 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Listing @ 10% Premium.. We all made fool.
11. BLR |   Link |  Bookmark |January 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 |   Link |  Bookmark |January 29, 2020 4:30:09 PM
IPO Guru IPO Guru (1900+ Posts, 1000+ 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 |   Link |  Bookmark |January 29, 2020 4:05:30 PM
IPO Guru IPO Guru (1200+ Posts, 1900+ Likes)
no any big HNI applied on last day,
finchore again managed to loot RII
9.1. Small Investor |   Link |  Bookmark |January 29, 2020 4:13:09 PM
IPO Guru IPO Guru (1900+ Posts, 1000+ 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 |   Link |  Bookmark |January 29, 2020 3:49:44 PM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
It Should be list at par or with few listing gain now
7. traderji |   Link |  Bookmark |January 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 |   Link |  Bookmark |January 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 |   Link |  Bookmark |January 29, 2020 2:32:52 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Seems that it will list in discount.
6.4. hchc |   Link |  Bookmark |January 29, 2020 2:59:50 PM
Top Contributor Top Contributor (300+ Posts, 800+ Likes)
Listing could b at par
5. Medge |   Link |  Bookmark |January 29, 2020 10:14:50 AM
IPO Guru IPO Guru (1200+ Posts, 1900+ Likes)
Dear Admin
Why subscription table showing QIB column?
Also QIB + HNI + RII = Total, numbers are not matching?

Thank You
5.1. Rekha Rawat |   Link |  Bookmark |January 29, 2020 10:31:44 AM
We are fixing it. Thank You.
5.2. Medge |   Link |  Bookmark |January 29, 2020 11:05:17 AM
IPO Guru IPO Guru (1200+ Posts, 1900+ Likes)
Thank you Mam
4. Medge |   Link |  Bookmark |January 24, 2020 10:44:49 AM
IPO Guru IPO Guru (1200+ Posts, 1900+ 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 |   Link |  Bookmark |January 24, 2020 11:34:30 AM
IPO Guru IPO Guru (1900+ Posts, 1000+ 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 |   Link |  Bookmark |January 24, 2020 11:42:49 AM
IPO Guru IPO Guru (1200+ Posts, 1900+ 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 |   Link |  Bookmark |January 24, 2020 10:31:48 AM
IPO Guru IPO Guru (1200+ Posts, 1900+ Likes)
Another avoid reason is LM finchore.
Big NO when LM is finchore.
2. Medge |   Link |  Bookmark |January 24, 2020 10:30:57 AM
IPO Guru IPO Guru (1200+ Posts, 1900+ Likes)
Costly, avoid.

Do not burn your finger in any nano software company.
software service based companies are very risky.
1. Small Investor |   Link |  Bookmark |January 22, 2020 5:49:18 PM
IPO Guru IPO Guru (1900+ Posts, 1000+ 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 |   Link |  Bookmark |February 10, 2020 5:19:06 PM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
Till Date this Counter Give Good Return and almost 40000+ profit to Investors