Transpact Enterprises Ltd IPO: GMP, Price, D and size

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Transpact Enterprises Ltd is set to debut in the stock market with an issue size ₹1.35 Cr. Transpact Enterprises Ltd is a biotechnology start-up that offers comprehensive and cost-effective goods and services to persons with disabilities. It primarily creates, develops, and sells the Vestibulator, a therapeutic device designed by the Society for Innovation and Entrepreneurship at lIT Bombay. It is a firm and IRCC-IIT Bombay co-patented technology. The firm outsources device manufacture as well as design elements to a third party and provides patients with bespoke device solutions.

Transpact Enterprises Ltd  IPO Details 

IPO DateAug 26, 2019 to Aug 28, 2019
Listing DateSep 5, 2019
Face Value₹10 per share
Price₹130 per share
Lot Size1000 Shares
Total Issue Size104,000 shares(aggregating up to ₹1.35 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
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Transpact IPO Tentative Dates

EventTentative Date
Opening DateAug 26, 2019
Closing DateAug 28, 2019
Basis of AllotmentSep 3, 2019
Initiation of RefundsSep 4, 2019
Credit of Shares to DematSep 5, 2019
Listing DateSep 6, 2019
UPI Mandate Confirmation Cut-Off Time5.00 PM on the issue closing day

Company Overview 

Transpact Enterprises Ltd, headquartered in Maharashtra, was founded in 2013. It offers comprehensive and cost-effective products and solutions to persons with disabilities. To enhance its products, the firm is always working on technical breakthroughs and interventions. Transpact Enterprises primarily creates, develops, and sells the Vestibulator, a therapeutic device. The gadget was created by the lIT Bombay Society for Innovation and Entrepreneurship. Transpact Enterprises also has a licence to carry out Vestibulator’s commercial activities. It is a firm and IRCC-IIT Bombay co-patented technology. Vestibulator: This is a therapy device that provides optimal vestibular stimulation in situations of vestibular dysfunction. The device’s manufacture, as well as the design elements, are outsourced to a third party. With the use of modern

Industry Overview

Industries are the backbone of the global economy, comprising a diverse range of sectors, including technology, healthcare, finance, retail, manufacturing, and transportation. The technology industry is characterized by rapid innovation and change, while the healthcare industry is growing due to an aging population and increasing demand for services. The finance industry manages money and assets, and the retail industry sells goods directly to consumers. The manufacturing industry produces goods and is facing challenges such as supply chain disruptions and a shortage of skilled workers. Each industry has its unique characteristics, trends, and challenges, but they all play a crucial role in driving economic growth and providing opportunities for businesses and consumers alike.

Company Financials 

ParticularsFor the year/period ended (in Rs. Lakhs)
31-Dec-1831-Mar-1831-Mar-1731-Mar-16
Total Assets51.9246.9823.6018.20
Total Revenue13.00
Profit After Tax(7.10)(9.15)(4.53)(7.06)

Objects of the Issue

The Company intends to apply the Net Funds from the Offering to the following purposes:

  • Preference Shares Redemption
  • Long-term acquisition of R&D facility and Registered Office
  • General Corporate Goals

Strengths 

  • User-friendly gadget with distinctive characteristics
  • Technological underpinning for providing bespoke devices
  • Device with guaranteed quality and certification

Weaknesses 

  • Financial weaknesses
  • Operational weaknesses

Transpact Enterprises Ltd Lead Manager(s)

  • Aryaman Financial Services limited 

Lead Manager Reports

  • IPO Lead Manager Performance Summary
  • IPO Lead Manager Performance Tracker

Company Contact Information

Transpact Enterprises Ltd

204 2nd Floor,Timmy Arcade, Makwana Road Marol,Andheri East, 

Mumbai-400 059

Phone: +91 9224763158

Email: info@transpact.in

Website: http://transpact.in/

Company Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://www.bigshareonline.com/

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