The shares of Tranway Technologies have made a strong debut in the BSE market today. The share price of the IT Consulting and Emerging Technology was listed at the price band fixed at Rs 11.10 a piece.
Founded in 2015, Tranway Technologies is a provider of IT consulting services and emerging technology solutions. Tranway Technologies is also first of the few companies to get listed on BSE startup platform on January 27, 2020. The Rs 4.2 crore initial public offers (IPO) by Tranway Technologies, had received an overwhelming response last week, with the issue getting oversubscribed a whopping 1.88 times
On Bombay Stock Exchange (BSE), the stock price opened at Rs. 11.10, registering an initial gain of 11% higher. The stock has, however, touched an intraday low of Rs 11.10
Commenting on the same, Dr. Bharat, Founder, and MD, Tranway Technologies said “It is really an overwhelming moment for Tranway to receive such an extraordinary response from the investor, regulators and the entire startup community for our first IPO and we are truly humbled for the same”