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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 ₹80.00 per share . The lot size for an application is 185. The minimum amount of investment required by an retail is ₹13,875 (185 shares). 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 Date | October 10, 2022 to October 12, 2022 |
| Listing Date | October 20, 2022 |
| Face Value | ₹1 per share |
| Issue Price Band | ₹75 to ₹80 per share |
| Issue Price Final | ₹80 per share |
| Lot Size | 185 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 3,86,72,208 shares (aggregating up to ₹309.38 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 10,03,10,185 shares |
| Share Holding Post Issue | 10,03,10,185 shares |
Tracxn Technologies IPO offers total 3,86,72,208 shares. Out of which 2,90,04,157 (75.00%) allocated to QIB, 1,16,01,663 (30.00%) allocated to QIB, 58,00,831 (15.00%) allocated to NII, 38,67,220 (10.00%) allocated to RII and 1,74,02,494 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum 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%) |
Tracxn Technologies IPO raises ₹139.22 crore from anchor investors. Tracxn Technologies IPO Anchor bid date is October 9, 2022. Tracxn Technologies IPO Anchor Investors list
| Bid Date | October 9, 2022 |
| Shares Offered | 1,74,02,494 |
| Anchor Portion Size (In Cr.) | 139.22 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 16, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 15, 2023 |
Tracxn Technologies IPO opens on October 10, 2022, and closes on October 12, 2022.
| IPO Open Date | Mon, Oct 10, 2022 |
| IPO Close Date | Wed, Oct 12, 2022 |
| Tentative Allotment | Mon, Oct 17, 2022 |
| Initiation of Refunds | Tue, Oct 18, 2022 |
| Credit of Shares to Demat | Wed, Oct 19, 2022 |
| Tentative Listing Date | Thu, Oct 20, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Oct 12, 2022 |
Investors can bid for a minimum of 185 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
| Particulars | For the year/period ended (₹ in Crore) | ||||
|---|---|---|---|---|---|
| 30-Jun-22 | 30-Jun-21 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 56.78 | 49.93 | 54.01 | 48.46 | 52.38 |
| Total Revenue | 19.08 | 15.44 | 65.16 | 55.74 | 6.31 |
| Profit After Tax | 0.923 | -0.837775 | -4.852 | -4.152 | -54.826 |
| Net Worth | 22.98 | 22.04 | 20.64 | 22.22 | -135.24 |
| Reserves and surplus | 12.95 | 21.14 | 10.61 | 21.32 | -135.44 |
The market capitalization of Tracxn Technologies IPO is ₹802.48 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 240 |
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
[Dilip Davda] TTL has posted annual losses till the last fiscals. Its financial data in Rupees Thousand appears to be an eyewash. Based on FY23-Q1 earnings, the issue is greedily priced discounting all near-term positives. This being a pure long-term bet, investors may wait to buy at a discount post-listing as it may take some time to wipe out carried forward losses. There is no harm in skipping this pricy bet. Read detail review...
| Listing Date | October 20, 2022 |
| BSE Script Code | 543638 |
| NSE Symbol | TRACXN |
| ISIN | INE0HMF01019 |
| Final Issue Price | ₹80 per share |
| BSE Listing Group | B |
Tracxn Technologies Ltd.
48, First Floor, DVG Road,
Basavangudi, Bengaluru – 560 004,
Karnataka, India
Bengaluru, Karnataka
Phone: +91 90360 90116
Email: compliance-officer@tracxn.com
Website: https://tracxn.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: tracxn.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Tracxn Technologies IPO is a main-board IPO of 3,86,72,208 equity shares of the face value of ₹1 aggregating up to ₹309.38 Crores. The issue is priced at ₹80 per share. The minimum order quantity is 185.
The IPO opens on October 10, 2022, and closes on October 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 October 10, 2022 and closes on October 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 Wednesday, October 19, 2022. Check the Tracxn Technologies IPO allotment status.
The Tracxn Technologies IPO listing date is on Thursday, October 20, 2022.
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