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Tracxn Technologies Limited IPO Detail

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 Goyal

IPO Details

IPO Opening DateOct 10, 2022
IPO Closing DateOct 12, 2022
Issue TypeBook Built Issue IPO
Face Value₹1 per equity share
IPO Price ₹75 - 80 per equity share
Market Lot185 Shares
Min Order Quantity185 Shares
Listing AtBSE, 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 DateOct 10, 2022
IPO Close DateOct 12, 2022
Basis of Allotment DateOct 17, 2022
Initiation of RefundsOct 18, 2022
Credit of Shares to Demat AccountOct 19, 2022
IPO Listing DateOct 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).

ApplicationLotsSharesAmount (Cut-off)
Minimum1185₹14800
Maximum132405₹192400

IPO Promoter Holding

Pre Issue Share Holding50.93%
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