3 months Free Trail

Get world class research developed by an in house team of professionals backed with strong institutional support. With reports that span across time horizons, styles and easily actionable strategies, you are never too far from executing a winning trade.

Key features and benefits of Registeration :
  • My Portfolio : Access 360° View not only of your Portfolio with Emkay, but all your Investment Portfolios
  • Emkay Research : Get Emkay's exclusive Research Reports & Trading Ideas.
  • My Watch list : Track your favorite stocks, Derivatives, Currencies, Commodities, Mutual funds on the go
  • Markets : Grab Stock Market Information at your fingertips
  • News & Announcements : Stay Updated 24x7 with news that matters.
  • Alerts : Get Alerts on Emkay Research, Trading Ideas, news on your portfolio holdings & watchlist

Generate password

Change password

Forgot Customer Code

Would you like to create a personalised login id for logging in to Emkay Website ?

Change Personalised Login ID

Tranway Technologies Ltd. debuts with 11.00% premium at Rs 11.10

Share Source By

Dion Global

05 Feb 2020

Tranway Technologies Ltd. makes a strong debut on the bourses with scrip got listed at Rs 11.10 on the Bombay Stock Exchange, a 11.00 per cent premium to its issue price of Rs 10.00.

The company, which raised 0.42 Cr from initial public offering, was subscribed 1.88 times, receiving bids for 79.71 lakhs shares against the total issue size of 42.40 lakhs shares.

The company, listed under TS Group Securities post its IPO, opened for subscription from Jan 27 to Jan 29.

Following a strong opening, the scrip touched an intraday high of Rs 11.65 and a low of Rs 11.10, before closing the session up by 16.50 per cent to its listing price at Rs 11.65 on the BSE.

The company anticipates using the proceeds of the issue for A To meet the working capital requirements of the company for business operations and expansion in India and AbroadB To meet the Issue ExpensesC General Corporate Purposes.

Finshore Management Services Ltd. as lead managers & Link Intime India Private Limited is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 41,142.66, up 353.28 points, or 0.86 per cent.