Tranway Technologies Ltd IPO

Tranway Logo

Tranway Technologies Ltd IPO is a BSE SME IPO, which is open for all investors from 27th January 2019, Monday to 29th January 2019, Wednesday. Promoters are offering 4,240,000 equity shares to public through this issue which is worth of Rs 4.24 Crores. For other IPO details on Tranway Technologies Ltd IPO, scroll below

IPO Details

Grey Market Premium of Tranway Technologies Ltd IPO

GMP of Tranway Technologies Ltd IPO is currently Not Available. Grey Market Premium will be updated once it’s available

Allotment Status of Tranway Technologies Ltd IPO

Company Background

Tranway Technologies Ltd IPO is a Bengaluru based provider of staffing solutions and payroll processing, with an annual revenue of Rupees 2.2922 crores.

  • As of 31st Dec 2019, company has 35 employees excluding directors
  • Company has taken an insurance policy for its employees

Date of Incorporation

Tranway Technologies Ltd IPO was incorporated as Tranway Technologies Pvt. Ltd company on 25th March 2015. Company was finally converted into a public limited company on 3rd January 2020 with a Corporate Identification Number, U74900KA2015PTC079480

Promoters of Tranway Technologies Ltd

Mr. Bharat and Mrs. Kalavathy Bylappa are the promoters of the company

Product & Services Offered

Tranway Technologies Ltd  offers following products & services to its clients:-

  • Company offers payroll processing & staffing solutions to its clients
  • Human resource consulting & Contract Staffing
  • Company also provides technical consulting to clients for processed and applied technology

Clientele base of the company

Company caters both domestic and international clients.

  • Infosys Limited
  • US Technology International Private Limited
  • Future Focus Infotech Private Limited
  • Oracle Solution Services (India) Private Limited
  • Impelsys India Private Limited
  • NTT Data Information Processing Services Private Limited
  • NTT Data Global Delivery Services Private Limited
  • Vecrear Technologies Private Limited
  • Assesma Softnet Technologies Private Limited

Purpose of this IPO

Purpose of the issue:

  • To meet up the working capital requirements of the company
  • General corporate purposes
  • To meet issue expenses

Tranway Technologies Ltd IPO Issue Details

Issue Details
Issue Open 27th January 2020, Monday Issue Close 29th January 2020, Wednesday
Issue Type Fixed Price IPO Issue Face Value Rs 10 Per Equity Share
Price Band Rs 10 Per Equity Shares Bid Lot & Minimum order quantity 10000 Shares
Issue Size Rs 4.24 Crore Listing at BSE SME

Tranway Technologies Ltd IPO Timeline

Company Financials

For the year/period ended (₹ in Lakhs)
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

Ratings & Reviews of Tranway Technologies Ltd IPO

As per experts risk investors could apply for IPO at their own risk

Investors are advised to conduct proper due diligence before investing in this IPO

Litigation Details

There are no outstanding litigation pending against the company, directors, promoters, Promoters Group and Group Entity.

Red Herring Prospectus of Tranway Technologies Ltd IPO

Bidding Status

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Listing Day Information

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IPO Lead Managers

  • Finshore Management Services Ltd. is managing the IPO for the company

Address of Tranway Technologies Ltd

Tranway Technologies Ltd
No. 1914, 5th Cross, 18th ‘A’ Main,
J P Nagar, 2nd Phase,
Bangalore, Karnataka – 560078, India

Phone: 080-46730800

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