Tranway Technologies Limited, 4th company to get listed on BSE Startups Platform
Mumbai, February 5, 2020: BSE became the first stock exchange to get the approval from SEBI and launch its Startups platform on 22nd December, 2018.
Tranway Technologies Limited became 4th company to get listed on the BSE Startup Platform on February 5, 2020. Tranway Technologies Limited came out with an initial public offering of 42,40,000 Equity Shares of Rs.10/- Each (“Equity Shares”) for Cash at a Price Of Rs. 10/- Per Equity Share (The “Offer Price”), Aggregating to Rs. ‘424.00’ lacs. The company has successfully completed its public issue on January 29, 2020.
Tranway Technologies Limited is a Karnataka based company whose registered office is at Bangalore. The Core Business is Staffing solutions and Payroll processing. At Tranway, the 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 our offerings. Tranway 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.
Kolkata based Finshore Management Services Limited was the lead manager for Tranway Technologies Limited.
The 4 companies listed on BSE Startups Platform have raised Rs. 19 crores from the market and total market capitalization of these companies as on February 5, 2020 is 66.71 Crores. BSE is the market leader in this segment with a market share of 100 percent.
The response since the launch of this platform by BSE has been very positive and till date, the following 3 companies have already listed on this platform:
1. Alphalogic Techsys Limited
2. Transpact Enterprises Limited
3. Valencia Nutrition Limited
BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualized entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, commodity derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.
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