Transwarranty Finance, a professionally managed financial services and investment banking company is open for subscription. The price band is between Rs 48 to Rs 55 and the company proposes to list the equity shares on the BSE and NSE.

Moneycontrol conducted a poll on market experts to check whether to apply for the public issue or not. Experts opinion were mixed.

The issue closes on February 2, 2007. IDBI Capital Market Services is the sole book running lead manager to the IPO.
 
The company proposes to offer 60,00,000 equity shares of Rs 10 each for cash at a premium. The issue comprises a net issue of 59,00,000 equity shares to the public and a reservation of 1,00,000 equity shares for eligible employees.  The issue would constitute 42.86%of the post Issue paid up capital of the company.
 
The issue is being made through 100% book building process wherein at least 50% of the net issue shall be allocated on a proportionate basis to QIB bidders. 5% of the QIB portion shall be available for allocation on a proportionate basis to mutual funds only, 15% of the net issue shall be available for allocation on a proportionate basis to non-institutional bidders and 35% of the net issue shall be available for allocation on a proportionate basis to retail individual bidders.
 
The issue is being made to raise funds for expansion and increasing the scale of operations, geographic expansion through opening of regional offices, making strategic investments or acquisitions of companies engaged in the business of financial services and/or banking.
 
The company provides corporate finance, trade finance, foreign exchange advisory and other corporate advisory to our institutional and corporate clients and BPO activities to Citi Financial Consumer Finance India. The company is running a 50 seat financial services BPO for the Citi Financial Consumer Finance India for sourcing of personal loans for them.
 
Transwarranty Finance designs structured finance products by using innovative financial models and structures and execute the same for leading companies in India including companies belonging to the Godrej, Tata, Mahindra group and a large number of mid cap and large cap companies from a wide cross section of industries.