Tranway Technologies IPO is all about to make its debut on 27 January 2020, with an issue size of 4.24CR. Tranway Technologies Ltd, a company based in Karnataka, was founded in 2015 and specializes in the development of software products, software services, software testing and development, staffing services, human resource consulting, contract staffing, manpower supply services, recruitment process organizations (RPO), training for employability, and other related services.
The business also serves as technical advisors, suppliers, and consultants for technology that has been processed and applied, for R&D, and for technical know-how.
INDUSTRY OVERVIEW
India is the largest sourcing location in the world, making up about 55% of the US$ 185–190 billion market in 2017–18. With one of the largest technical graduate talent pools in the world and a cost advantage of being 5–6 times less expensive than the US, India enjoys a competitive advantage. Of the 17 largest economies in the world, India’s economy is digitising at the second-fastest rate.
Tranway IPO Details
| IPO Date | Jan 27, 2020 to Jan 29, 2020 |
| Listing Date | Wednesday, February 5, 2020 |
| Face Value | ₹10 per share |
| Price | ₹10 per share |
| Lot Size | 10000 Shares |
| Issue Size | 4,240,000 shares of ₹10(aggregating up to ₹4.24 Cr) |
| Fresh Issue | 4,240,000 shares of ₹10(aggregating up to ₹4.24 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| P/E (x) | 90 |
| Market Cap (₹ Cr.) | 10.6 |
Tranway IPO Tentative Dates
| Event | Tentative Date |
| Opening Date | Jan 27, 2020 |
| Closing Date | Jan 29, 2020 |
| Basis of Allotment | Feb 3, 2020 |
| Initiation of Refunds | Feb 4, 2020 |
| Credit of Shares to Demat | Feb 5, 2020 |
| Listing Date | Feb 6, 2020 |
Company Financials
| 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 |
Objects of the Issue
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
Tranway IPO Prospectus
Company Contact Information
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/
Tranway IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: tranway.ipo@linktime.co.in
Website: https://linkintime.co.in/
Tranway IPO Lead Manager(s)
- Finshore Management Services Limited (Past IPO Performance)
