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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
Mr. Bharat and Mrs. Kalavathy Bylappa are the promoters of the company.
| 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 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
| 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 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) |
| P/E (x) | 90 |
| Market Cap (₹ Cr.) | 10.6 |
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 |
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 |
| Pre Issue Share Holding | 99.98% |
| Post Issue Share Holding | 59.99% |
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...
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)
| Category | Subscription (times) |
|---|---|
| NII | 1.09 |
| Retail | 2.87 |
| Total | 1.98 |
| 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 |
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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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: tranway.ipo@linktime.co.in
Website: https://linkintime.co.in/
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.
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