The scrip was listed at Rs 11.10. The company is the fourth firm to get listed on the BSE Startup Platform.
Bharat Bylappa, Founder and MD of Tranway Technologies said: “It is really an overwhelming moment for Tranway to receive such an extraordinary response from investors, regulators and the entire startup community for our first IPO and we are truly humbled for the same.”
Founded in 2015, Tranway Technologies is a provider of IT consulting services and emerging technology solutions. Earlier, the Rs 4.2 crore initial public offers (IPO) by Tranway Technologies, had received an overwhelming response last week, with the issue getting oversubscribed 1.88 times.
It came out with an initial public offering of 42,40,000 equity shares of Rs 10 each for cash at a price of Rs 10. The company has successfully completed its public issue on January 29, 2020.
