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 Date | Aug 26, 2019 to Aug 28, 2019 |
Listing Date | Sep 5, 2019 |
Face Value | ₹10 per share |
Price | ₹130 per share |
Lot Size | 1000 Shares |
Total Issue Size | 104,000 shares(aggregating up to ₹1.35 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Transpact IPO Tentative Dates
Event | Tentative Date |
Opening Date | Aug 26, 2019 |
Closing Date | Aug 28, 2019 |
Basis of Allotment | Sep 3, 2019 |
Initiation of Refunds | Sep 4, 2019 |
Credit of Shares to Demat | Sep 5, 2019 |
Listing Date | Sep 6, 2019 |
UPI Mandate Confirmation Cut-Off Time | 5.00 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
Particulars | For the year/period ended (in Rs. Lakhs) | ||||
31-Dec-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | ||
Total Assets | 51.92 | 46.98 | 23.60 | 18.20 | |
Total Revenue | 13.00 | – | – | – | |
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
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Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/