Tranway Technologies IPO Review, Dates, Allotment, Size, Live Bid Details, GMP & RHP

Last Updated Date: Sep 02, 2023

Let’s have a detailed review of the company and analytics of the Tranway Technologies Limited IPO release date, IPO offer price, subscription, Tranway Technologies IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things. Stock Broker Complaints

Tranway Technologies IPO Review & Ratings

IPO Ratings & Review
Criteria	Ratings
Industry Sentiments	7.9/10
Industry Ranking	7.2/10
Company Background	8.2/10
Company Reputation	7.7/10
Competitive Edge	7.2/10
Financial Statements	8.0/10
Popularity Index	7.9/10
Promoters Reputation	8.0/10
Retail Appetite	7.1/10
Top Brokers Review	7.8/10
Overall Ratings	7.5/10
Star Ratings	★★★★☆

Summary of Tranway Technologies IPO

Tranway Technologies IPO

Their company is engaged in the business of Software services, Software product development, Software Testing and Development, Staffing Services, Body Shopping, Contract Staffing, Human Resource Consulting, Placement Services, Manpower Supply Services, Soft Skills Training, Training For Employability, Recruitment Process Organization [RPO], and such other related services to undertake either individually or in association with any other entity, in India or abroad.

Their company also carries out carry on business as Technical Consultants, Advisors and Purveyors of technical Know-how, formulate, processed and applied technology and to organize and pursue Research and Development in areas chosen from time to time or any such other business/businesses and services as may be decided mutually from time to time.

From FY 2016-17 to FY 2018-2019, as per the Restated Financial Statements

The revenue from operation of the company in FY 2018-19 increased to Rs.513.38 Lacs as against Rs.393.93 Lacs in the FY 2017-18. During the FY 2017-18 the revenue from operation of the company increased to Rs.393.93 Lacs as against Rs.310.90 Lacs in the FY 2016-17.
The total expenditure excluding depreciation, interest and tax amount, for the FY 2018-19 has increased to Rs.449.33 Lacs as against Rs.364.97 Lacs in the FY 2017-18. The total expenditure excluding depreciation, interest and tax amount, for the FY 2017-18 has increased to Rs.364.97 Lacs as against Rs.293.15 Lacs in the FY 2016-17

The Promoters of this company are MR. BHARAT AND MRS. KALAVATHY BYLAPPA. The lead manager to the issue is FINSHORE MANAGEMENT SERVICES LIMITED. The Registrar to this issue is LINK INTIME INDIA PRIVATE LIMITED.

List of Upcoming IPOs

Tranway Technologies IPO Dates

The opening and the closing date of Tranway Technologies IPO is Jan 27 – Jan 29, 2020.

Tranway Technologies IPO Subscription

BSE Startup Bid Details – TRANWAY

Day / Date	QIB	NII	RII	Total Subscription
1st Day – Jan 27	0.00x	0.93x	0.25x	0.59x
2nd Day – Jan 28	0.00x	0.93x	0.75x	0.84x
3rd Day – Jan 29	0.00x	1.11x	2.83x	1.97x
Shares Offered or Net Issue	–	2,010,000	2,010,000	4,020,000

The shares subscribed by the public will be updated here.

Tranway Technologies IPO Allotment Status

Here, you can find the Allotment Status of this IPO. Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.

Basis of Allotment Finalization	Feb 4, 2020
Refunds Initiation	Feb 5, 2020
Credit of Shares to Demat Account	Feb 6, 2020
Share Listing Date	Feb 7, 2020

Tranway Technologies IPO Price Band / Cash Price

The face value of each share is Rs.10, and the cash price of the IPO is Rs.10.

Tranway Technologies IPO Size

This Initial Public Issue of 42,40,000 Equity Shares of Rs.10 each for cash at a price of Rs.10 per equity share aggregating to Rs.424.00 lakhs.

Tranway Technologies IPO Share Offering

Public Issue: The Fresh Issue of 42,40,000 Equity Shares by their Company of Rs.10 each at a price of Rs.10 per equity share aggregating to Rs.424.00 lakhs,

Net Issue : The Net Issue of 40,20,000 Equity Shares of Rs.10 each at Rs.40 per Equity Share aggregating to Rs. 402.00 lakhs.

Tranway Technologies Limited – Company Overview

Their Company was originally incorporated as “Tranway Technologies Private Limited” on March 25, 2015 under the provisions of the Companies Act, 2013. Subsequently their company was converted into Public Limited Company and the name of their Company was changed to “Tranway Technologies Limited”.

Their Company is led by Mr. Bharat, Founder and Managing Director, who has a proven track record of business creation, development and optimization. Their IT technology team is led by their Director, Kalavathy Bylappa, an IT thought leader with two decades of experience in the implementation of IT services and projects.

Tranway Technologies Core Business

Staffing Solutions: At Tranway, their recruiting team comprises experienced recruitment professionals with extensive domain-expertise adopt innovative-approach in the hiring process to ensure zero gaps between client’s need and their offerings.

Tranway Staffing Services offers both permanent recruitment and contract staffing solutions to clients across the country. The information technology services are provided in various models that help their client to opt for faster achievements.

Payroll Processing: Tranway Payroll process outsourcing is designed to manage the payroll of a client’s on-roll employees. Their payroll processing services are configured to meet comprehensive requirements including Salary calculation, Payslip generation, Statutory reports under various laws, Leave management, MIS and Year-End activities.

Tranway Technologies – Expertise

Their technological solutions are result-oriented and help to transform and grow any organization by optimizing performance and delivering measurable success. This company helps in building leadership with dedication and aspiration to invent and achieve business goals in the age of Artificial Intelligence (AI) adaptation.

Their team consists of skilled professionals whom they hire and who provide unmatched guidance and support with market driven insights. Their leaders have decades of experience and expertise in the niche industries and have evolved strategic approaches to address diverse business needs.

They offer staffing services in varied streams including Telecom, IT, Automobiles, Services, Engineering and other sectors. Their integrated approach utilizes the right combination of people, process and technology, enabling them to deliver the valued services.

Tranway Technologies Overseas Operations

Tranway is a Company where business is not just made but innovated for each of its client. Their client started getting the feel that they have found a partner in them, not merely an agency and yes, they have procured it.

They are providers of on Demand Development projects expertise in applications development technology. They help companies to develop their own business application & also provide peer to peer solution from designing to development of the software. Their dedicated development center is located in India providing the services to global teams.

They provide the services of a qualified software development firm(s) experienced in providing and installing new accounting software, conversion of historical data, general guidelines for proper workflow and security, start-up training and on-going support and maintenance of all applications and to replace the current system and expand it by adding Project Management, Asset/Inventory Management, work order tracking, document management.

Tranway Technologies Limited: Business strategies

Focus on Increase in Volume of Sales
Quality Assurance
Increase geographical presence
Improving operational efficiencies
Leveraging their Market skills and Relationships

Tranway Technologies Ltd – Financial Statements

On the basis of Standalone statement:

Amount (in INR)
	30-Sep-19	31-Mar-19	Mar-18	31-Mar-17
Total Assets	2,71,09,466	2,13,50,562	2,42,46,447	1,08,48,744
Total Revenue	2,29,22,202	5,17,53,051	3,93,93,352	3,11,73,027
Total Expense	2,19,94,708	4,85,03,642	3,78,61,288	2,94,12,783
Profit After Tax	6,34,573	24,01,859	11,37,558	12,34,459

Earnings per Equity Share (in INR)

Amount (in INR)
	30-Jun-19	Mar-19	31-Mar-18	31-Mar-17
Basic & Diluted	317.29	1,200.93	568.78	617.23

Tranway Technologies IPO – Promoters

The Promoters of this company are:

MR. BHARAT
MRS. KALAVATHY BYLAPPA

List of Related Parties (Key Managerial Personnel)

Ms. Anitha R, Company Secretary and Compliance Officer
Ms. Preeti Sandeep Byse, Chief Financial Officer
Mr. Bharat, Promoter and Managing Director

Interest of Promoters in the Company

Their Promoters are interested in their Company to the extent of their respective Equity shareholding in their Company and any dividend distribution that may be made by their Company in the future.

Interests of Promoter in property of their Company

None of their Promoters or Group Entities have any interest in any property acquired by their Company within two (2) years of the date of this draft prospectus or proposed to be acquired by it or in any transaction in acquisition of land or any construction of building or supply of machinery.

Tranway Technologies IPO Offer Details or Issue Details

Particulars	No. Of Equity Shares
Equity Shares Offered	Up to 42,40,000 Equity Shares, aggregating up to Rs.424.00 Lakhs
Of which:
Market Maker Reservation Portion	2,20,000 Equity Shares, aggregating up to Rs.22.00 Lakhs
Net Issue to the Public	Up to 40,20,000 Equity Shares, aggregating up to Rs.402.00 Lakhs
Of which:
Retail Individual Investors	20,10,000 Equity, share aggregating Rs.201 lakhs
Other investors	20,10,000 Equity, share aggregating Rs.201 lakhs
Equity Shares outstanding prior to the Issue	63,58,800 Equity Shares
Equity Shares outstanding after the Issue	1,05,98,800 Equity Shares

Tranway Technologies IPO Issue Object

These are the IPO Issue Objects of the company:

A. To meet the working capital requirements of the company for business operations and expansion in India and Abroad

B. To meet the Issue Expenses

C. General Corporate Purposes

Tranway Technologies Limited: Competitive Strength

Experienced & Qualified Management Team
End-to-end Software Solutions and Support
Existing Client Base

Tranway Technologies IPO – Basis of the Offer Price

The issue price in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

Established and proven track record;
Leveraging the experience of their Promoters;
Experienced management team and a motivated and efficient work force;
Cordial relations with their customers
Quality Assurance & Control

Tranway Technologies IPO – Quantitative Factors

	Basic & Diluted EPS	RONW in %	NAV (Rs.)
31-Mar-17	617.23	61.97	996.01
31-Mar-18	568.78	36.56	1,555.73
31-Mar-19	1,200.93	43.28	2,774.51

Price to Earnings (P/E) ratio in relation to Price band of Rs.10 to Rs.10 per Equity Share

Particulars	P/E ratio
Highest	–
Average	–
Lowest	–

Tranway Technologies Limited: Competitive Peers

	Face Value (Rs.)	P/E	EPS (Basic) (Rs.)	Return on Net Worth (%)	NAV per share (Rs.)
Tranway Technologies Limited^	10	6.62	1.51	10.26	14.72
Listed Peers
Info Edg. (India) Ltd	10	100.5	24.9	12.71	189.7

Tranway Technologies IPO Lead Managers

Lead Manager

FINSHORE MANAGEMENT SERVICES LIMITED
Anandlok”, Block-A, 2nd Floor, Room No. 207, 227 A.J.C Bose Road,
Kolkata-700020, West Bengal
Telephone: +91 – 33 – 22895101
Email: ramakrishna@finshoregroup.com
Website: www.finshoregroup.com
Investor Grievance Email: info@finshoregroup.com
Contact Person: Mr. S. Ramakrishna Iyengar
SEBI Registration No: INM000012185
CIN No: U74900WB2011PLC169377

Tranway Technologies IPO Registrar to Offer

Registrar to the Offer

LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park, L. B. S. Marg, Vikhroli (West),
Mumbai – 400 083, Maharashtra, India
Tel No: +91 22 4918 6200; Fax No: +91 22 4918 6060
Website: www.linkintime.co.in
Email: tranway.ipo@linktime.co.in
Investor Grievance Email: tranway.ipo@linktime.co.in
Contact Person: Ms. Shanti Gopalkrishnan
SEBI Registration No: INR000004058
CIN No: U67190MH1999PTC118368

Other Details:

Statutory Auditor – Luharuka & Co.
Legal Counsel to the Company – J MUKHERJEE & ASSOCIATES
Bankers to the Company – ICICI BANK LIMITED, KARNATAKA BANK LIMITED

Tranway Technologies IPO Review by Top 10 Stock Brokers

Top Stock Brokers Review	Company Reputation	Competitive Edge	Financial Statement	Popularity Index	Promoters Reputation
Angel Broking	7.5/10	7.4/10	8.5/10	8.1/10	7.1/10
Sharekhan	7.2/10	7.1/10	8.6/10	8.1/10	7.2/10
Kotak Securities	7.3/10	7.5/10	8.4/10	8.1/10	7.3/10
ICICI Direct	7.3/10	7.3/10	8.7/10	8.1/10	7.1/10
IIFL	7.5/10	7.2/10	8.8/10	8.0/10	7.1/10
Edelweiss	7.5/10	7.4/10	8.4/10	8.3/10	7.2/10
Zerodha	7.4/10	7.1/10	8.5/10	8.1/10	7.0/10
5Paisa	7.1/10	7.1/10	8.4/10	8.1/10	7.1/10
Karvy	7.4/10	7.3/10	8.2/10	8.1/10	7.1/10
Motilal Oswal	7.1/10	7.1/10	8.6/10	8.3/10	7.2/10