Tranway Technologies was incorporated on March 25, 2015. The company is engaged in the business of software services, software product development, staffing services, human resource consulting, placement Services, manpower supply services, and technical consulting, Advisory, etc.
| Bidding Dates |
|---|
| 27 Jan 2020 - 29 Jan 2020 |
| Subscription |
|---|
| 1.98x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,00,000 | 1 | 2 | 10000 | 4.2 M | ₹10 | 60 % | ₹42.4 M | RHP DOC |
Tranway Technologies IPO SUBSCRIPTION STATUS
29 Jan '20Tranway Technologies IPO overall subscription rate was 1.98 times the total available shares
Tranway Technologies IPO retail subscription rate was 2.87 times in the retail segment
Tranway Technologies IPO non-institutional investor subscription rate was 1.09 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
27 Jan 2020 (Day 1) | 0.25x | 0.93x | - |
28 Jan 2020 (Day 2) | 0.75x | 0.93x | - |
29 Jan 2020 (Day 3) | 2.87x | 1.09x | - |
Tranway Technologies FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| H1FY20 | 0.6 | 22.9 | -0.8 | -0.9 |
| FY19 | 2.4 | 51.3 | 5.9 | 5.6 |
| FY18 | 1.1 | 39.4 | -3.5 | -8.2 |
| FY17 | 1.2 | 31.1 | 0.2 | 0.2 |
Tranway Technologies IPO SUBSCRIPTION STATUS DETAILS
Tranway Technologies had 4.2 M shares on offer
Tranway Technologies IPO offer price was ₹10
Tranway Technologies IPO minimum Investment was ₹100000
Tranway Technologies IPO issue size was ₹ 42.4 M
Tranway Technologies had a minimum lot size of 10000 Shares per application
Tranway Technologies NUMBER OF SHARES ON OFFER
Tranway Technologies IPO IMPORTANT DATES
| Issue Open Date | 27 Jan 2020 |
| Issue close Date | 29 Jan 2020 |
| Allotment Date | 03 Feb 2020 |
| Refund Date | 04 Feb 2020 |
| Demat Account Credit Date | 05 Feb 2020 |
| Listing Date | 06 Feb 2020 |
| Listing on Exchange(s) | BSE |
| Tranway Technologies Allotment Status | Exchange |
Tranway Technologies IPO subscription opened on 27 Jan 2020, and closed on 29 Jan 2020
IPO allotment for Tranway Technologies was finalized on Monday, 03 Feb 2020
IPO listing for Tranway Technologies was on BSE on Thursday, 06 Feb 2020
Tranway Technologies IPO LISTING GAINS
| Issue Price (adjusted) | 10.0 |
| Listing Open Price | 11.1 |
| Listing Close Price | 11.7 |
| Listing Gain% | 11.0% |
| Current Gain% | -46.6% |
Tranway Technologies Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tranway21 Technologies Ltd. | 5.3 | 5.7 | 61.9 | -0.4 | 1.1 | 0.5 | 0.4 | 5.3 | -8.8 | 0.1 | 151.7 | 0.1 | -151.7 |
| Tata Consultancy Services Ltd. | 2445.7 | 884875.7 | 17.8 | 16.6 | 3.2 | 45.9 | 27 | 271423 | 4.7 | 49210 | 1.4 | 137.6 | 1.1 |
| Infosys Ltd. | 1190.7 | 483192.8 | 16 | 1.4 | 2.6 | 31.7 | 18.9 | 182972 | 9.8 | 29440 | 10.2 | 74.6 | 11.1 |
| HCL Technologies Ltd. | 1365.4 | 370523.8 | 21.3 | 8.1 | 2.8 | 22.1 | 14.3 | 131674 | 10.2 | 16642 | -4.3 | 64.2 | 2.6 |
| Wipro Ltd. | 184.6 | 182835.1 | 13.8 | -7.6 | 1.9 | 15 | 9.3 | 96497.7 | 3.8 | 13197.4 | 0.5 | 13.3 | -1.8 |
| Tech Mahindra Ltd. | 1643 | 161027.9 | 31.4 | 2.4 | 2.7 | 16.2 | 9.7 | 56847.3 | 5.6 | 4810.9 | 13.2 | 52.4 | 13.1 |
Tranway Technologies INFORMATION ON IPO ISSUE
About Tranway Technologies
Tranway Technologies was incorporated on March 25, 2015. The company is engaged in the business of software services, software product development, staffing services, human resource consulting, placement Services, manpower supply services, and technical consulting, Advisory, etc.
Object of the Issue
- To meet the working capital requirement
- Public issue expenses
- General corporate purpose
Tranway Technologies - PROMOTERS
| Name |
|---|
| Bharat |
| Kalavathy Bylappa |
Tranway Technologies Lead Manager
Finshore Management Services Limited
ramakrishna@finshoregroup.com
Tranway Technologies Registrar to the Offer
Link Intime India Private Limited
tranway.ipo@linktime.co.in
Tranway Technologies Strengths
Experienced and qualified management team
Bharat has more than 20 years of experience in IT industries, human resources, and talent supply management and Kalavathy Bylappa has more than 20 years of experience in IT industries
End-to-end software solutions
The company offers end-to-end technology services and solutions to clients and has continuously developed offerings to include new-age technologies along with data science and artificial intelligence capabilities, query optimization, and rapid iteration services
Existing Client Base
The company has maintained long-standing relationships with major customers and is successful in building a strong client base for the business
Tranway Technologies Risks
Business practices of customers
The business practices of customers with respect to the collection, use, and management of personal information could give rise to operational interruption, liabilities, or reputational harm as a result of governmental regulation, legal requirements, or industry standards relating to consumer privacy and data protection
Negative cash flow
The company had negative cash flow in recent fiscals and sustained negative cash flow could adversely impact business, financial condition, and results of operations
IPO FAQs
The promoters of the company are Bharat and Kalavathy Bylappa.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 10.0 - 10.0.
The IPO application opens on Jan 27, 2020 and closes on Jan 29, 2020.
The minimum lot size for the IPO is 10000. The maximum lot size for the IPO is 20000.
For all category investors, the minimum application amount for this IPO is Rs. 100,000.0, the maximum value for this IPO is Rs 200,000.0.
This IPO will be allotted on Feb 03, 2020.
The refund will be credited to your account on Feb 04, 2020.
The allotted shares will be credited to your demat on Feb 05, 2020.
Tranway Technologies Ltd.’s shares listed on the stock exchanges on Feb 06, 2020.