Tranway Technologies’ IPO opens today

BW Online Bureau Jan 27, 2020

Bangalore-based IT Consulting and Emerging Technology firm Tranway Technologies’ IPO open today. The company plans to raise up to Rs 4.2 Cr. through Initial Public Offering (IPO).

The IPO will comprise a fresh Issue of 42,40,000 shares of the face value of Rs.10 each. These scrips will be issued at Rs. 10 per share. The issue will close on January 29th,2020. Following the IPO, the firm is listed on the Start-up platform of BSE Limited and is among the first few Start-ups to be listed on the platform.

Founded in 2015, Tranway Technologies is a provider of IT consulting services and emerging technology solutions. Besides, the company provides Product Development & Support and IT & Non-IT Staffing solutions to enterprises across the globe. Its array of service supports business agility by offering fast, customized, seamless and hassle-free solutions.

Finshore Management Services is the Lead Manager for this issue.