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 DateJan 27, 2020 - Jan 29, 2020
Issue TypeFixed Price Issue IPO
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)
Face Value₹10 per equity share
IPO Price₹10 per equity share
Market Lot10000 Shares
Min Order Quantity10000 Shares
Listing AtBSE SME
P/E (x)90
Market Cap (₹ Cr.)10.6

Tranway IPO Tentative Date / Timetable

Bid/Offer Opens OnJan 27, 2020
Bid/Offer Closes OnJan 29, 2020
Finalisation of Basis of AllotmentFeb 3, 2020
Initiation of RefundsFeb 4, 2020
Credit of Shares to Demat AcctFeb 5, 2020
IPO Shares Listing DateFeb 6, 2020

Tranway IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum110000₹100,000
Maximum220000₹200,000

Tranway IPO Promoter Holding

Pre Issue Share Holding99.98%
Post Issue Share Holding59.99%

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 Rating

64
3.4
Rating:Rated 3.4 stars

Vote Here ...

Tranway IPO Listing Date

Listing DateWednesday, February 5, 2020
BSE Script Code542923
NSE Symbol
Listing InTS
ISININE0BIW01023
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

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 FAQs

  1. 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.

  2. When Tranway IPO will open?

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

  3. What is the lot size of Tranway IPO?

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

  4. 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.

  5. 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.

  6. When is Tranway IPO listing date?

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

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Tranway IPO Review / Comments

Arjunsinh Solanki
19. Arjunsinh Solanki  Mar 15, 2020 23:35
THANKS PREMIUM MEMBER
GDK
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..
ManishS
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...
ManishS
17.1. ManishS  Feb 11, 2020 16:06
sorry it was for ICL and not tranway
FUNDINGTOUCH
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...
FUNDINGTOUCH
15. FUNDINGTOUCH  Feb 6, 2020 00:45
HP is back he invested in TRANWAY
Small Investor
15.3. Small Investor  Feb 10, 2020 16:13
IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
Dear Traders ji
Look Bulk Deals in Particulars Stocks ,Where you find Details
Small Investor
15.4. Small Investor  Feb 10, 2020 16:15
IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
In Suich Industries
Patel Family Take a big Stake
FUNDINGTOUCH
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.
Small Investor
14.1. Small Investor  Feb 7, 2020 10:10
IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
We all made fool in the chakkar of LM
RAJAKUMAR
13. RAJAKUMAR  Feb 5, 2020 08:47
IPO Guru IPO Guru (1300+ Posts, 900+ Likes)
Dear Small
Allotted 20k
Sold 20k at 11.10
Small Investor
13.1. Small Investor  Feb 5, 2020 10:25
IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
Tranway now almost 16% up,we are made fool by LM and almost 800000 lk buyers
Splendid
12. Splendid  Feb 5, 2020 08:32
Top Contributor Top Contributor (200+ Posts)
Listing @ 10% Premium.. We all made fool.
BLR
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 .
Small Investor
10. Small Investor  Jan 29, 2020 15:30
IPO Guru 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
Medge
9. Medge  Jan 29, 2020 15:05
IPO Mentor IPO Mentor (700+ Posts, 1200+ Likes)
no any big HNI applied on last day,
finchore again managed to loot RII
Small Investor
9.1. Small Investor  Jan 29, 2020 15:13
IPO Guru 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
Small Investor
8. Small Investor  Jan 29, 2020 14:49
IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
It Should be list at par or with few listing gain now
traderji
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.
BLR
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 !!.
techuser
6.3. techuser  Jan 29, 2020 13:32
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Seems that it will list in discount.
hchc
6.4. hchc  Jan 29, 2020 13:59
Listing could b at par
Medge
5. Medge  Jan 29, 2020 09:14
IPO Mentor 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
Rekha Rawat
5.1. Rekha Rawat  Jan 29, 2020 09:31
We are fixing it. Thank You.
Medge
5.2. Medge  Jan 29, 2020 10:05
IPO Mentor IPO Mentor (700+ Posts, 1200+ Likes)
Thank you Mam
Medge
4. Medge  Jan 24, 2020 09:44
IPO Mentor 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
Small Investor
4.2. Small Investor  Jan 24, 2020 10:34
IPO Guru 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


Medge
4.3. Medge  Jan 24, 2020 10:42
IPO Mentor 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.
Medge
3. Medge  Jan 24, 2020 09:31
IPO Mentor IPO Mentor (700+ Posts, 1200+ Likes)
Another avoid reason is LM finchore.
Big NO when LM is finchore.
Medge
2. Medge  Jan 24, 2020 09:30
IPO Mentor 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.
Small Investor
1. Small Investor  Jan 22, 2020 16:49
IPO Guru 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
Small Investor
20.1. Small Investor  Feb 10, 2020 16:19
IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
Till Date this Counter Give Good Return and almost 40000+ profit to Investors







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