Tranway Technologies IPO Details
Tranway Technologies IPO description – Tranway Technologies is engaged in the business of Software services, Software product development, Software Testing and Development, Staffing Services, Body Shopping, Contract Staffing, Human Resource Consulting, Placement Services, Manpower Supply Services, Soft Skills Training, Training For Employability, Recruitment Process Organization (RPO), and such other related services to undertake either individually or in association with any other entity, in India or abroad. The company also works as Technical Consultant, Advisor and Purveyor of technical Know-how, formulate, processed and applied technology to organize and pursue Research and Development. The company’s core business is Staffing solutions and Payroll processing. Staffing Solutions: It offers both permanent recruitment and contract staffing solutions to clients across the country. The information technology services are provided in various models that help its client to opt for faster achievements. Payroll Processing: Tranway Payroll process outsourcing is designed to manage the payroll of a client’s on-roll employees. Its payroll processing services are configured to meet comprehensive requirements including Salary calculation, Payslip generation, Statutory reports under various laws, Leave management, MIS and Year-End activities.
Promoters of Tranway Technologies – Mr Bharat and Mrs Kalavathy Bylappa
Tranway Technologies IPO details | |
Subscription Dates | 27 – 29 January 2020 |
Price Band | INR10 per share |
Fresh issue | 4,240,000 shares (INR4.24 crore) |
Offer For Sale | Nil |
Total IPO size | 4,240,000 shares (INR4.24 crore) |
Minimum bid (lot size) | 10,000 shares |
Face Value | INR10 per share |
Retail Allocation | 50% |
Listing On | BSE Startup platform |
Tranway Technologies’ financial performance (in INR lakh) |
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 | FY2017 | FY2018 | FY2019 | 6M FY2020 |
Revenue | 311.7 | 393.9 | 517.5 | 229.2 |
Expenses | 294.1 | 378.6 | 485.0 | 219.9 |
Net income | 12.3 | 11.4 | 24.0 | 6.3 |
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Registrar of Tranway Technologies
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in
Valuation of Tranway IPO (as of 30 Sep 2019)
Earnings Per Share (EPS): INR1.51 Price/Earnings (PE ratio): 6.62
Return on Net Worth (RONW): 10.26% Net Asset Value (NAV): INR14.72 per share
Tranway IPO Subscription Details
Day | Subscription (no. of times) |
Day 1 | 0.56 |
Day 2 | 0.79 |
Day 3 | 1.87 |
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Tranway Technologies Contact Details
Tranway Technologies Limited
No. 1914, 5th Cross, 18th ‘A’ Main
J P Nagar, 2nd Phase
Bangalore, Karnataka – 560078
Phone: +91 080 46730800
Email: [email protected]
Website:Â www.tranwayinc.com
Tranway IPO Allotment Status
Tranway IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Listing Performance of Tranway Technologies
IPO Opening Date: 27 January 2020
IPO Closing Date: 29 January 2020
Finalisation of Basis of Allotment: 3 February 2020
Initiation of refunds: 4 February 2020
Transfer of shares to demat accounts: 4 February 2020
Listing Date: 5 February 2020
Opening Price on BSE Startup platform: INR11.10 per share (up 11% from IPO price)
Closing Price on BSE Startup platform: INR11.65 per share (up 16.5% from IPO price)