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 (₹ 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 Date	Jan 27, 2020 - Jan 29, 2020
Issue Type	Fixed Price Issue IPO
Issue Size	4,240,000 Eq Shares of ₹10 (aggregating up to ₹4.24 Cr)
Fresh Issue	4,240,000 Eq Shares of ₹10 (aggregating up to ₹4.24 Cr)
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
P/E (x)	90
Market Cap (₹ Cr.)	10.6

Tranway IPO Tentative Date / Timetable

Bid/Offer Opens On	Jan 27, 2020
Bid/Offer Closes On	Jan 29, 2020
Finalisation of Basis of Allotment	Feb 3, 2020
Initiation of Refunds	Feb 4, 2020
Credit of Shares to Demat Acct	Feb 5, 2020
IPO Shares Listing Date	Feb 6, 2020

Tranway IPO Lot Size and Price (Retail)

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 Subscription Status (Bidding Detail)

Tranway IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	NII	RII	Total
Shares Offered	2,010,000	2,010,000	4,020,000
Jan 29, 2020 05:56	1.09x	2.87x	1.98x

Tranway IPO Prospectus

› Tranway IPO DRHP
› Tranway IPO RHP

Tranway IPO Rating

3.4

Rating:

Vote Here ...

Tranway IPO Listing Date

Listing Date	Wednesday, February 5, 2020
BSE Script Code	542923
NSE Symbol
Listing In	TS
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
Volume

BSE SME
₹10.00
₹11.10
₹11.10
₹11.65
₹11.65
1,410,000

Tranway IPO Reviews / Ratings

Dilip Davda - Other

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
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

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

Tranway IPO Lead Manager(s)

Finshore Management Services Limited

Lead Manager Reports

Tranway IPO FAQs

What is Tranway IPO?

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.
When Tranway IPO will open?

The Tranway IPO opens on Jan 27, 2020 and closes on Jan 29, 2020.
What is the lot size of Tranway IPO?

Tranway IPO lot size is 10000 Shares and the minimum order quantity is 10000 Shares.
How to apply for Tranway IPO?

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.
When Tranway IPO allotment?

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.
When is Tranway IPO listing date?

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

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Useful Articles

Tranway IPO Review / Comments

19. Arjunsinh Solanki Mar 15, 2020 23:35

THANKS PREMIUM MEMBER

18. GDK Mar 11, 2020 17:13

Its good that Chittogarh team has given the status of member.. so we can ignore these crap messsages..

17. ManishS Feb 11, 2020 16:04

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 16:06

sorry it was for ICL and not tranway

16. FUNDINGTOUCH Feb 10, 2020 16:22

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 00:45

HP is back he invested in TRANWAY

Load more comments (2 replies)

15.3. Small Investor Feb 10, 2020 16:13

IPO Guru (1400+ Posts, 700+ Likes)

Dear Traders ji
Look Bulk Deals in Particulars Stocks ,Where you find Details

15.4. Small Investor Feb 10, 2020 16:15

IPO Guru (1400+ Posts, 700+ Likes)

In Suich Industries
Patel Family Take a big Stake

14. FUNDINGTOUCH Feb 6, 2020 23:42

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 10:10

IPO Guru (1400+ Posts, 700+ Likes)

We all made fool in the chakkar of LM

13. RAJAKUMAR Feb 5, 2020 08:47

IPO Guru (1300+ Posts, 900+ Likes)

Dear Small
Allotted 20k
Sold 20k at 11.10

13.1. Small Investor Feb 5, 2020 10:25

IPO Guru (1400+ Posts, 700+ Likes)

Tranway now almost 16% up,we are made fool by LM and almost 800000 lk buyers

12. Splendid Feb 5, 2020 08:32

Top Contributor (200+ Posts)

Listing @ 10% Premium.. We all made fool.

11. BLR Jan 30, 2020 08:00

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 15:30

IPO Guru (1400+ Posts, 700+ 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 15:05

IPO Mentor (700+ Posts, 1200+ Likes)

no any big HNI applied on last day,
finchore again managed to loot RII

9.1. Small Investor Jan 29, 2020 15:13

IPO Guru (1400+ Posts, 700+ 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 14:49

IPO Guru (1400+ Posts, 700+ Likes)

It Should be list at par or with few listing gain now

7. traderji Jan 29, 2020 14:18

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 10:18

NIIs quota is over i.e 0.93% . No changes from last three days . Poor retails are aggressive now . God only know listing gain !!.

Load more comments (2 replies)

6.3. techuser Jan 29, 2020 13:32

Top Contributor (300+ Posts, 200+ Likes)

Seems that it will list in discount.

6.4. hchc Jan 29, 2020 13:59

Listing could b at par

5. Medge Jan 29, 2020 09:14

IPO Mentor (700+ Posts, 1200+ 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 09:31

We are fixing it. Thank You.

5.2. Medge Jan 29, 2020 10:05

IPO Mentor (700+ Posts, 1200+ Likes)

Thank you Mam

4. Medge Jan 24, 2020 09:44

IPO Mentor (700+ Posts, 1200+ 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

Load more comments (1 replies)

4.2. Small Investor Jan 24, 2020 10:34

IPO Guru (1400+ Posts, 700+ 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 10:42

IPO Mentor (700+ Posts, 1200+ 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 09:31

IPO Mentor (700+ Posts, 1200+ Likes)

Another avoid reason is LM finchore.
Big NO when LM is finchore.

2. Medge Jan 24, 2020 09:30

IPO Mentor (700+ Posts, 1200+ 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 16:49

IPO Guru (1400+ Posts, 700+ 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

20.1. Small Investor Feb 10, 2020 16:19

IPO Guru (1400+ Posts, 700+ Likes)

Till Date this Counter Give Good Return and almost 40000+ profit to Investors

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