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 (₹ 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
| Issue Open | 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 |
| Issue 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 |
| 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 |
| 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% |
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 |
| Listing Date | Wednesday, February 5, 2020 |
| BSE Script Code | 542923 |
| NSE Symbol | |
| Listing In | TS |
| ISIN | INE0BIW01023 |
| Issue Price | ₹10 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
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
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 is a SME IPO of 4,240,000 equity shares of the face value of ₹10 aggregating up to ₹4.24 Crores.
The issue price of the IPO is ₹10 Per Equity Share. The minimum order quantity is 10000 Shares per application and the offer type is Fixed Price Issue.
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 application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
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.
Tranway IPO lot size is 10000 Shares and the minimum order quantity is 10000 Shares.
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shows the mindset of promoters.
also looking at ratios, it sure looks like something is phishy...