Tracxn Technologies Limited IPO Detail
Founded in 2013, Tracxn Technologies provides market intelligence data for private companies. The company's extensive global database along with customized solutions and features allows its customers to source and track companies across sectors and geographies to address their requirements.
The company is ranked among the top five players globally in terms of the number of companies profiled offering data of private market companies across sectors and geographies. The company operates a Software as a Service (SaaS)- based platform called Tracxn, which has scanned over 550 million web domains, and profiled over 1.4 million entities across 1,805 feeds categorized across industries, sectors, sub-sectors, geographies, affiliations, and networks globally, as of May 31, 2021. The platform has 2,358 users across 855 customer accounts in over 50 countries. The company offers private company data to its customers for deal sourcing, identifying M&A targets, deal diligence, analysis, and tracking emerging themes across industries and markets, among other uses, through its Tracxn platform.
Competitive Strengths:
- One of the leading providers of market intelligence data for private companies globally
- Diverse, longstanding, and growing global customer base
- In-house developed, scalable, and secure technology platform
- Significant cost advantages from India-based operations
- Experienced promoters, board of directors, and senior management team backed by marquee investors
Company Promoters
Neha Singh and Abhishek GoyalIPO Details
IPO Opening Date | Oct 10, 2022 |
IPO Closing Date | Oct 12, 2022 |
Issue Type | Book Built Issue IPO |
Face Value | ₹1 per equity share |
IPO Price | ₹75 - 80 per equity share |
Market Lot | 185 Shares |
Min Order Quantity | 185 Shares |
Listing At | BSE, NSE |
Issue Size | ₹309.38 Cr |
Fresh Issue | - |
Offer for Sale | ₹309.38 Cr |
Retail Portion | 10% |
IPO Subscription (Bidding Detail)
AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
---|---|---|---|---|---|---|
Day 1 | 0x | - | - | 0.04x | 1.23x | 0.23x |
Day 2 | 0x | - | - | 0.26x | 2.59x | 0.54x |
Day 3 | 1.67x | - | - | 0.8x | 4.87x | 2.01x |
IPO Tentative Timetable
The Tracxn Technologies Limited IPO open date is Oct 10, 2022, and the close date is Oct 12, 2022. The issue may list on Oct 20, 2022.
IPO Open Date | Oct 10, 2022 |
IPO Close Date | Oct 12, 2022 |
Basis of Allotment Date | Oct 17, 2022 |
Initiation of Refunds | Oct 18, 2022 |
Credit of Shares to Demat Account | Oct 19, 2022 |
IPO Listing Date | Oct 20, 2022 |
IPO Lot Size
The Tracxn Technologies Limited IPO market lot size is 185 shares. A retail-individual investor can apply for up to 13 lots (2405 shares or ₹192400).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 185 | ₹14800 |
Maximum | 13 | 2405 | ₹192400 |
IPO Promoter Holding
Pre Issue Share Holding | 50.93% |
Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Millions)
Financial Year | Total Assets | Total Revenue | Profit After Tax |
---|---|---|---|
31-Mar-21 | 484.58 | 557.41 | - 53.47 |
31-Mar-20 | 523.75 | 63.13 | - 540.32 |
31-Mar-19 | 441.13 | 668.30 | 123.99 |
Objects of the Issue:
To achieve the benefits of listing the equity shares on the Stock Exchanges and the sale of up to 38,672,208 Equity Shares by the selling shareholders.
Tracxn Technologies Limited IPO Registrar:
Link Intime India Private Ltd
Tracxn Technologies Limited IPO Lead Manager(s):
IIFL Securities Ltd