Tranway Technologies Limited IPO subscription from Jan 27 to Jan 29:
Tranway Technologies Limited launched in 2015, in Karnataka. It was involved in Software product development, testing, and services. The company likes to introduce its IPO in the startup category. The subscription period starts on 27th Jan and it will end on 29th Jan 2020.
|Bid Period||Jan 27 to Jan 29, 2020|
|IPO Type||Fixed Price Issue IPO|
|IPO Size||4,240,000 Eq Shares of Rs 10 (aggregating up to Rs 4.24 crore)|
|Face Value||Rs 10 Per Eq Share|
|Issue Price||Rs 10 Per Eq Share|
|Market Lot||10,000 Shares|
|Minimum Order Quantity||10,000 Shares|
|Listing At||BSE SME|
It is a Fixed Price Issue type of Initial Public Offer with a fresh issue of 42,40,000. The size of the IPO is 4,240,000 Eq Shares of Rs 10 with aggregating up to Rs 4.24 crore. Also, the face value of the issue is Rs 10 per equity share, and the price of the IPO is Rs 10 per eq share. Moreover, the market lot and the minimum order quantity is 10,000 shares.
The lead managers or promoters of this issue are Bharat and Kalavathy Bylappa.
|Pre Issue Share Holding||99.98%|
|Pre Issue Share Holdings.||59.99%|
The company plans to raise Rs 4.2 cr through this IPO. The objects of the FPO, it aimed to utilize the raised amount for End to end technology Services and solutions, and existing long-term client base. The company’s IPO will list BSE SME.
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Disclaimer: This post is just information about the FPO. It does not give any advice or recommendation. Please read the offer document carefully and consult your advisor before investing.