Tranway Technologies IPO
(i) The Company was originally incorporated as “Tranway Technologies Private Limited” on March 25, 2015, under the provisions of the Companies Act, 2013 bearing Corporate Identification Number U74900KA2015PTC079480 issued by the Registrar of Companies, Karnataka, Bangalore. Subsequently, the company was converted into Public Limited Company in Jan 2020.
(ii) The Core Business of the company is to provide Staffing solutions and Payroll processing.
a) Staffing Solutions: They provide services for recruiting staff for their clients. We all know for a business to be successful, it needs good staff, as the hiring of the same is a cumbersome task for the companies, so, they take the service of companies like “Tramway Technologies” to provide that facility instead of hiring directly.
Tramway Technologies has a recruiting team comprises of experienced recruitment professionals with extensive domain-expertise adopt innovative-approach in the hiring process to ensure zero gaps between the client’s needs and the offerings.
Tramway Technologies Staffing Services offers both permanent recruitment and contract staffing solutions to clients across the country.
b) Payroll Processing: Tramway Technologies Payroll process outsourcing is designed to manage the payroll of a client’s on-roll employees. The 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.
Objects of the Tranway Technologies IPO:
Tranway Technologies IPO Details:
Open Date: | Jan 27 2020 |
Close Date: | Jan 29 2020 |
Total Shares: | 4,240,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Fixed Issue |
Issue Size: | 4.2 Cr. |
Lot Size: | 10000 Shares |
Issue Price: | ₹ 10 Per Equity Share |
Listing At: | BSE SME |
Listing Date: | Feb 06 2020 |
Promoters And Management:
Financials of Tranway Technologies IPO:
Year | Revenue | EBITDA | OPM | PAT | NPM | Shares | F.V. | EPS | NW | RONW |
2017 | 311.73 | 18.57 | 6% | 12.34 | 4% | 63.58 | 10 | 0.19 | 19.92 | 62% |
2018 | 393.93 | 28.96 | 7% | 11.37 | 3% | 63.58 | 10 | 0.18 | 31.11 | 37% |
2019 | 517.53 | 68.19 | 13% | 24.01 | 5% | 63.58 | 10 | 0.38 | 55.49 | 43% |
Post-IPO | 517.53 | 68.19 | 13% | 24.01 | 5% | 105.98 | 10 | 0.23 | 446.83 | 5% |
CAGR | 29% | 92% | 39% |
Comparison With Peers:
Name of the Company | Revenue Growth in 3 years | PAT Growth | RONW | P/E | Debt | Debt to Net-Worth |
Info Edge | 15.47% | -18.74% | 4.67% | 117 | 37 | 0.04 |
Tranway Technologies | 28.85% | 39% | 10.26% | 6.62 | 147 | 2.4 |
Recommendation on Tranway Technologies IPO:
Lead Manager of Tranway Technologies IPO:
Registrar of Tranway Technologies IPO:
Bid Details of Tranway Technologies IPO as on
29 Jan 2020 | 11:56:04 PM
Category | No.of shares offered | No. of shares bid |
---|---|---|
2,010,000 | 2,190,000 | |
2,010,000 | 5,770,000 | |
220,000 | 220,000 | |
4,240,000 | 8,180,000 |
QIBs | No |
QIBs+HNIs Subscription | 1.09X |
Retail Subscription | 2.87X |
Total Subscription | 1.98X |
Discussion on Tranway Technologies IPO:
2 Comments
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Avoid. The issue price is very high.
https://economictimes.indiatimes.com/markets/ipos/fpos/start-up-ipo-tranway-technologies-to-open-on-january-27/articleshow/73518752.cms