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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.
| 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 Size | 4,240,000 shares (aggregating up to ₹4.24 Cr) |
| Fresh Issue | 4,240,000 shares (aggregating up to ₹4.24 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 6,358,800 |
| Share holding post issue | 10,598,800 |
| Market Maker portion | 220,000 shares |
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 Offered | 220,000 (5.19%) |
| Other Shares Offered | 2,010,000 (47.41%) |
| Retail Shares Offered | 2,010,000 (47.41%) |
| Total Shares Offered | 4,240,000 (100%) |
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 |
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 | |||
Mr. Bharat and Mrs. Kalavathy Bylappa are the promoters of the company.
| Share Holding Pre Issue | 99.98% |
| Share Holding Post Issue | 59.99% |
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
| 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 market capitalization of Tranway IPO is Rs 10.6 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 90 |
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
[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...
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)
| Category | Subscription (times) |
|---|---|
| Other | 1.09 |
| Retail | 2.87 |
| Total | 1.98 |
| Listing Date | February 5, 2020 |
| BSE Script Code | 542923 |
| NSE Symbol | |
| ISIN | INE0BIW01023 |
| Final Issue Price | ₹10 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹10.00 |
| ₹11.10 |
| ₹11.10 |
| ₹11.65 |
| ₹11.65 |
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/initial_offer/public-issues.html
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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.
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