Public issue of 60,00,000 equity shares of face value Rs. 10/- each of Transwarranty Finance Limited (hereinafter referred to as the company or issuer) at a price of Rs.52/- for cash at a premium of Rs.42/- aggregating Rs.31.20 Crores (hereafter referred to as 'the issue) comprising a reservation of 100,000 equity shares of face value Rs. 10/- each for eligible employees on a competitive basis at a price of Rs.52/- for cash at a premium of Rs.42/- aggregating Rs.0.52 Crores and net issue to public of 59,00,000 equity shares of face value Rs. 10/- each (hereinafter referred to as the net offer to the public). The issue would constitute 42.86% of the post issue paid up capital of the company. Issue Price is Rs.52/- per equity share of face value of Rs.10/- each.Issue price is 5.2 times of the face value