Tranway Technologies Ltd - IPO

Tranway Technologies Ltd IPO Details

Initial Public Issue of 42,40,000 Equity Shares of face value of Rs. 10 each (equity shares) of Tranway Technologies Limited (the company or the issuer) for cash at a price of Rs. 10 per equity share, (the issue price), aggregating to Rs. 4.24 Crores (the issue), of which 2,20,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 10 per equity share, aggregating to Rs.0.22 Crores will be reserved for subscriptions by the market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. issue of 40,20,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 10 per equity share, aggregating to Rs. 4.02 Crores is herein after referred to as the net issue. The issue and the net issue will constitute 40.00% and 37.93% respectively of the post issue paid up equity share capital of the company.The face value of the equity share is Rs. 10 each and the issue price is Rs. 10 i.e. 1.00 time of the face value of the Equity shares. The minimum lot size is 10,000 equity shares.

Objective of issue

Funding the Working Capital Requirements of the Company. General Corporate Purposes.

Tranway Technologies Ltd Contact Details

Tranway Technologies Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@tranwayinc.com

Website - www.tranwayinc.com