Bookbuilding IPO | ₹309 Cr | Listed at BSE, NSE | Mon, Oct 10, 2022 - Wed, Oct 12, 2022
Tracxn Technologies IPO is a book build issue of ₹309.38 crores. The issue is entirely an offer for sale of 3.87 crore shares of ₹309.38 crore.
Tracxn Technologies IPO bidding started from Oct 10, 2022 and ended on Oct 12, 2022. The allotment for Tracxn Technologies IPO was finalized on Oct 17, 2022. The shares got listed on BSE, NSE on Oct 20, 2022.
Tracxn Technologies IPO price band is set at ₹80 per share. The lot size for an application is 185. The minimum amount of investment required by an retail is ₹14,800 (185 shares) (based on upper price). The lot size investment for sNII is 14 lots (2,590 shares), amounting to ₹2,07,200, and for bNII, it is 68 lots (12,580 shares), amounting to ₹10,06,400.
IIFL Capital Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Tracxn Technologies IPO RHP for detailed Information.
IPO Open
Mon, Oct 10, 2022
IPO Close
Wed, Oct 12, 2022
Issue Price
₹80 per share
Market Cap (Pre-IPO)
₹802.48 Cr
| IPO Date | 10 to 12 Oct, 2022 |
| Listed on | Thu, Oct 20, 2022 |
| Face Value | ₹1 per share |
| Price Band | ₹75 to ₹80 |
| Issue Price | ₹80 per share |
| Lot Size | 185 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 3,86,72,208 shares (agg. up to ₹309 Cr) |
| Offer for Sale | 3,86,72,208 shares of ₹1 (agg. up to ₹309 Cr) |
| Share Holding Pre Issue | 10,03,10,185 shares |
| Share Holding Post Issue | 10,03,10,185 shares |
| BSE Script Code / NSE Symbol | 543638 / TRACXN |
| ISIN | INE0HMF01019 |
Tracxn Technologies IPO comprises a total issue size of 3,86,72,208 shares. Out of which, 2,90,04,157 (75.00%) are allocated to QIB, 58,00,831 (15.00%) allocated to NII 38,67,220 (10.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 2,90,04,157 | 75.00% | NA |
| − Anchor Investor Shares Offered | 1,74,02,494 | 45.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,16,01,663 | 30.00% | NA |
| NII (HNI) Shares Offered | 58,00,831 | 15.00% | NA |
| − bNII > ₹10L | 38,67,221 | 10.00% | 1,493 |
| − sNII < ₹10L | 19,33,610 | 5.00% | 746 |
| Retail Shares Offered | 38,67,220 | 10.00% | 20,903 |
| Total Shares Offered | 3,86,72,208 | 100.00% |
Investors can bid for a minimum of 185 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 185 | ₹14,800 |
| Retail (Max) | 13 | 2,405 | ₹1,92,400 |
| S-HNI (Min) | 14 | 2,590 | ₹2,07,200 |
| S-HNI (Max) | 67 | 12,395 | ₹9,91,600 |
| B-HNI (Min) | 68 | 12,580 | ₹10,06,400 |
Tracxn Technologies IPO raises ₹139.22 crore from anchor investors. Tracxn Technologies IPO Anchor bid date is October 7, 2022.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Oct 7, 2022 |
| Shares Offered | 1,74,02,494 |
| Anchor Portion (₹ Cr.) | 139.22 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Nov 16, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Jan 15, 2023 |
Founded in 2013, Tracxn Technologies provides market intelligence data for private companies. The company's extensive global database and customized solutions and features allow 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 on private market companies across sectors and geographies. The company has an asset light business model and operate a Software as a Service ("SaaS")-based platform, Tracxn, that scanned over 662 million web domains, and profiled over 1.84 million entities across 2,003 Feeds categorized across industries, sectors, sub-sectors, geographies, affiliations and networks globally, as of May 31, 2021.
The company has 3,271 users across 1,139 Customer Accounts in over 58 countries, as of June 30, 2022, and its customers include several Fortune 500 companies and/or their affiliates.
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:
| Period Ended |
|---|
| Amount in ₹ Crore |
| KPI | |
|---|---|
| ROE | -24 |
| ROCE | -28 |
| RoNW | -23.49 |
| EBITDA Margin | -10.10% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | -0.48 | |
| P/E (x) | 240 | |
| Promoter Holding | 50.93% | 35.65% |
| Market Cap | ₹802.48 Cr. |
The Tracxn Technologies IPO is subscribed 2.01 times on October 12, 2022 7:00:00 PM (Day 3). The public issue subscribed 4.87 times in the retail category, 1.66 times in the QIB category, and 0.8 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.66 | 1,16,01,663 | 1,92,84,030 |
| NII | 0.8 | 58,00,831 | 46,14,270 |
| bNII (bids above ₹10L) | 0.72 | 38,67,221 | 27,96,275 |
| sNII (bids below ₹10L) | 0.94 | 19,33,610 | 18,17,995 |
| Retail | 4.87 | 38,67,220 | 1,88,31,890 |
| Total | 2.01 | 2,12,69,714 | 4,27,30,190 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Manager and commissions (including underwriting commission and brokerage) | 9.13 |
| 2 | Commission/processing fees for the SCSBs, Sponsor Banks and Bankers to the Offer. Selling commission and Bidding charges for members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.97 |
| 3 | Fees payable to Registrar to the Offer | 0.26 |
| 4 | Printing and stationery expenses | 0.61 |
| 5 | Advertising and marketing expenses | 1.73 |
| 6 | Listing fees, SEBI fees, BSE and NSE processing fees, bookbuilding software fees, and other regulatory expenses | 1.60 |
| 7 | Fees payable to legal counsel | 3.89 |
| 8 | Fees payable to the other advisors to the Offer | 2.80 |
| 9 | Miscellaneous | 0.68 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹80.00 | ₹80.00 |
| Open | ₹83.00 | ₹84.50 |
| Low | ₹83.00 | ₹83.00 |
| High | ₹99.60 | ₹100.00 |
| Last Trade | ₹93.35 | ₹93.25 |
Lead Manager Reports
Tracxn Technologies IPO is a main-board IPO of 3,86,72,208 equity shares of the face value of ₹1 aggregating up to ₹309 Crores. The issue is priced at ₹80 per share. The minimum order quantity is 185.
The IPO opens on Mon, Oct 10, 2022, and closes on Wed, Oct 12, 2022.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Tracxn Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Tracxn Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tracxn Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tracxn Technologies IPO opens on Mon, Oct 10, 2022 and closes on Wed, Oct 12, 2022.
Tracxn Technologies IPO lot size is 185, and the minimum amount required for application is ₹14,800.
You can apply in Tracxn Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Tracxn Technologies IPO will be done on Monday, October 17, 2022, and the allotted shares will be credited to your demat account by Wed, Oct 19, 2022. Check the Tracxn Technologies IPO allotment status.
The Tracxn Technologies IPO listing date is on Thu, Oct 20, 2022.
