Tranway Technologies IPO Details

Tranway Technologies IPOTranway 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)

  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

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]

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

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]

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)


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