Incorporated in 2015, Karnataka- based Tranway Technologies Ltd is engaged in the business of Software product development, Software services, Software Testing and Development, Staffing Services, Human Resource Consulting, Contract Staffing, Manpower Supply Services, Recruitment Process Organization (RPO), Training For Employability, and related services.
The company also works as Technical Advisors, Purveyors, and Consultants for processed & applied technology, research & development and technical Know-how.
The core business of Tranway Technologies is offering Staffing solutions and Payroll processing. The company outsources Tranway Payroll to the clients for managing their clients' on-roll employees.
Competitive Strengths
1. End-to-end technology services and solutions
2. Existing long-term client base
| Purpose | Amount (₹ Cr) |
|---|---|
| To Meet working capital requiremet | — |
| Public issue expenses | — |
| General corporate purpose | — |
| Metric | 30-Sept-19 | 31-Mar-19 | 31-Mar-18 |
|---|---|---|---|
| Total Assets | 271 | 214 | 242 |
| Revenue | 229 | 518 | 394 |
| PAT | 6 | 24 | 11 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 2,010,000 (47%) | — |
| Retail (RII) | — | 2,010,000 (47%) | — |
| Market Maker | — | 220,000 (5%) | — |
| Total | — | 4,240,000 (100%) | — |
* Amount calculated at upper price band (₹10) · ** Total includes all investor categories
- 1 Initiation of Refund 04 Feb 2020
- 2 Credit of Shares to Demat 05 Feb 2020
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
- The IPO P/E of 90x reflects a weak valuation relative to typical market ranges.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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