Tracxn Technologies IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022When a company proposes an IPO, it is essential to first forgather details about various attributes which can affect the IPO. Before investing, understand its business, the products it offers, what are its future plans.
So that the investors can easily access all the necessary details and will not have to scroll through different websites or material from different sources, we have compiled all you need to know about the Tracxn IPO.
The given article will take you through a brief summary of Tracxn, from its background to its product line to its financial statements.
| Face Value | Rs 1 |
| Price Band | Rs. 75 to Rs. 80 per share |
| Listing At | BSE, NSE |
| Min. Order Quantity | 185 shares |
| Listing Date | Oct 20, 2022 |
| Offer for Sale | Rs. 309.38 Crore |
| Fresh Issue | – |
| IPO Size | Rs. 309.38 Crore |
| Tick Size | 1 |
Tracxn IPO Overview
The market intelligence data provider company Tracxn Technologies Limited which provides start-ups’ data to its customers and offers seamless solutions for the same has proposed an IPO.
With this IPO the business enterprise will issue about 3,86,72,208 equity shares by way of Offer for Sale which means no fresh issue will take place.
The company has been in operation since 2013 and it has recently received the green flag from SEBI to float its IPO.
Tracxn IPO Important Dates
| Events | Date |
| IPO Opening Date | Oct 10, 2022 |
| IPO Closing Date | Oct 12, 2022 |
| Basis of Allotment Finalization | Oct 17, 2022 |
| Refunds Initiation | Oct 18, 2022 |
| Credit of Shares to Demat Account | Oct 19, 2022 |
| Share Listing Date | Oct 20, 2022 |
Tracxn Technologies Limited filed the DRHP document with SEBI in August 2021 for seeking approval on the same and obtained its observations on 17th November 2021.
The entity is making the requisite preparations to launch the IPO and raise funds.
Tracxn IPO Dates will have a significant impact on its success. Upto now there are no exact dates in respect of the launch of the IPO.
The right or wrong date can inflict a large impact. IPO date means the date on which the security is made open for subscription by the public.
Tracxn IPO Price, Size, Share Offerings
| Face Value | Rs.1 |
| Price Band | Rs. 75 to Rs. 80 per share |
| Offer for Sale | Rs. 309.38 Crore |
| Fresh Issue | – |
| IPO Size | Rs. 309.38 Crore |
With SEBI approval, the parent company of the Tracxn platform is all geared up to raise funds by making an Offer for Sale of about 309.38 crore shares worth by means of Initial Public Offering (IPO).
The price band for determining the Tracxn IPO price and Tracxn IPO Size is not announced yet. The face value of the equity shares is Rs. 1.
Tracxn IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| 20th Oct 2022 | (Rs. 4) | NA | NA |
| 19th Oct 2022 | (Rs. 4) | NA | NA |
| 18th Oct 2022 | (Rs. 4) | NA | NA |
| 17th Oct 2022 | (Rs. 4) | NA | NA |
| 15th Oct 2022 | (Rs. 4) | NA | NA |
| 14th Oct 2022 | NA | NA | NA |
| 13th Oct 2022 | NA | NA | NA |
| 12th Oct 2022 | Rs. 8 | Rs. 500 | NA |
| 11th Oct 2022 | NA | NA | NA |
Grey market is the market where the stocks are traded unofficially. It is not illegal but since the market is unofficial, there exists no rules and regulations and is not regulated by the regulators.
Grey Market Premium is the price at which stocks are traded in the Grey Market. Grey market is also seen as a yardstick to foresee the performance of the stock after it will be listed on the main board.
Tracxn Technologies GMP is out now. It is a technology driven entity and is largely dependent on the same which is expected to grow and can be of interest for investors who invest in companies having a global customer base and prospective diversification.
COVID-19 disrupted our lives majorly leaving us with restrained choices and in such circumstances the operations of the company has been diversifying ever since.
Also, essentially the response is significantly dependent on the performance of the market during the time an IPO is floated.
Tracxn IPO Subscription Status
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 10th Oct | 0.00x | 0.04x | 1.23x | 0.23x |
| 2nd Day -11th Oct | 0.00x | 0.25x | 2.60x | 0.54x |
| 3rd Day – 12th Oct | 1.66x | 0.80x | 4.87x | 2.01x |
| Shares Offered or Net Issue | 11,601,663 | 5,800,831 | 3,867,220 | 21,269,714 |
Tracxn IPO Subscription status is now available in a short time as the IPO will be listed. The company has already received the approval from Securities and Exchange Board of India (SEBI) for its DRHP.
The other related specifications in respect of the floor price, price band and subscription will be updated here soon.
The Lead Managers of the issue are:
- IIFL Securities Limited
The details in respect of the price band and subscription is now available in a short time.
For the Latest Bid details click on the above links.
- Tracxn IPO LIVE Bid details on BSE
- Tracxn IPO LIVE Bid details on NSE
Tracxn IPO Allotment Status
The specifications in regards to the Tracxn IPO Allotment will be made available as the IPO will go live. The quota as reserved for the investors is as follows: for QIBs: 75%, for NII: 15% and for retail investors: 10%.
Link Intime India Private Limited is the registrar of the issue. Link Intime operates across India in the IPO & Corporate Registry business.
The business enterprise holds a prominent name and is known for its excellence and credibility for its services.
Tracxn IPO Live Performance
Keen to know the Tracxn IPO Performance, click on the given below link and get all the important information regarding Tracxn Share Price, its trading and its performance.
Subscribe to Tracxn IPO – Open Free Demat Account Now!
Tracxn – Company Review
Tracxn is an emerging new-age technology entity which propounded a platform for investors where they can discover start-ups from around the world.
It serves as a massive Start-up Data pool for the individuals seeking for investment opportunities.
Not limited to data, it assists in analysing market trends and offers seamless solutions for its customers. It is one of the prominent providers scaling up start-ups of the world.
Ever since its inception in 2013, Tracxn Technologies Private Limited has endeavoured to provide undisrupted information and offer the best.
Tracxn has around 1.4 million active entities through 1,800 feeds grouped in varied industries, sectors, networks globally.
Products or Services
Tracxn evidently is one of the finest and known platform which maintains the data related to start-ups present across the globe.
It employs an Artificial intelligence and human analyst method to collect and maintain its prompt data.
Tracxn has over 6000 active subscribers in 40 countries. The platform strives at supporting and connecting start-ups and investors globally and to give them a channel where the data can be easily accessed.
Promoters and Holding
The founders of the Gurugram based company, NEHA SINGH AND ABHISHEK GOYAL
The management of the entity comprises of:
1. Neha Singh holding the position of Chairperson and Managing Director.
2. Abhishek Goyal holding the position of Vice-chairman and executive director.
3. Ravi Chandra Adusumalli holding the position of Non-Executive Director.
Is Tracxn good for Investment?
The customers of the company are continuously growing and showing high interest in the platform. The platform is performing and is appreciated by its users.
The platform offers mass data about the private companies and start-ups. It is a in-house developed scalable technology platform.
The platform ranks amongst the top 5 players around the globe in the industry and hence is reliable and growing.
Tracxn Financial Statements
| Amount (in INR & Crores) | |||
| 31-Mar-22 | 31-Mar-21 | Mar-20 | |
| Assets | 54.01 | 48.46 | 52.38 |
| Revenue | 65.16 | 55.74 | 6.31 |
| Expense | 65.51 | 61.08 | 60.34 |
| Profit After Tax | -4.852 | -4.152 | -54.826 |
In the year 2022, the company has earned an income of Rs. 54.01 crore and has incurred a loss of Rs.4.852 crore. The entity is gearing up for the IPO and has high growth potential as the technology takes a high pace.
They rank in the top 5 entities globally in their industry.
| Earnings per Equity Share (in Thousand) | |||
| 31-Mar-22 | 31-Mar-21 | Mar-20 | |
| Basic | (0.48) | (0.55) | (5.54) |
| Diluted | (0.48) | (1.52) | (5.54) |
Tracxn IPO Review
Though the company is not in a very strong financial state, it has high expansion and advancement aspects.
It captures a significant base in its respective industry and its data platform and solution are valued supremely.
The objectives of the IPO as led out in the DRHP prescribes is mainly to attain the benefits of listing on the main board. The shares of the entity will be listed on NSE and BSE.
Tracxn IPO Details
Here are few more details you need to know before investing in Tracxn IPO –
Tracxn IPO Issue Object
The Tracxn has proposed diverse objectives for making the IPO offer and some of the objectives are:
- Monitoring utilization of funds from the Offer
- Other confirmations
Tracxn IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Our status as a leading global provider of differentiated private market data and intelligence
- Diverse, longstanding and growing global customer base
- Scalable and secure technology platform conceptualized and developed in-house
- Significant cost advantages from India-based operations; and
- Experienced Promoters, Board of Directors and senior management team, backed by marquee investors
Quantitative factors are:
| Basic EPS | Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | (0.48) | (0.48) | (23.49) | 2.29 |
| 31-Mar-21 | (0.55) | (1.52) | (24.06) | – |
| Mar-20 | (5.54) | (5.54) | (39.95) | – |
Tracxn IPO Lead Managers
Here are the list of Lead managers –
- IIFL Securities Limited
Tracxn IPO Registrar to offer
Check out the details of registrar here –
Link Intime India Private Limited
C 101, 247 Park L.B.S. Marg Vikhroli (West), Mumbai 400 083
Maharashtra, India
Telephone: +91 22 4918 6200
E-mail: tracxn.ipo@linkintime.co.in
Investor grievance e-mail: tracxn.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI registration number: INR000004058
Tracxn IPO – Other Details
- Statutory Auditor – Price Waterhouse Chartered Accountants LLP
- Legal Counsel to the Company – Khaitan & Co
- Bankers to the Company – HDFC Bank Limited, Kotak Mahindra Bank Limited and ICICI Bank Limited.
Tracxn IPO – Conclusion
Operating as a renowned technology driven entity offering platform to connect start-ups globally, Tracxn is coming up with a main-board IPO of 38,672,208 equity shares having the face value of ₹1.
The opening and closing dates of the said IPO are yet to be announced. The DRHP has been approved by SEBI. As per the reports, Link Intime India Private Ltd is the registrar for the IPO.
It is noteworthy that the entire IPO will be an Offer for Sale, which means no fresh issue will take place.Tracxn operates as a dominant player in the market intelligence providers and has been growing rapidly.
But the company accumulates a risk if the platform’s performance is hampered in any way. The growth of this entity is largely dependent on its evolution with the ever enhancing technological advancements.
To Subscribe to Tracxn IPO – Open Demat Account Now!
Tracxn IPO Review FAQs
Check out the FAQs on Tracxn IPO –
What is the Issue Size of Tracxn IPO?
The Company is making an initial public offer of 38,672,208 equity shares. They vividly portray the aspects of the issue in this article.
You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Tracxn IPO?
The price band for this particular IPO ranges between Rs. 75 to Rs. 80. As far as the face value of the share is of concern, it is Rs.1 per share.
What is the Tracxn IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Oct 10, 2022, while the closing date is set at Oct 12, 2022.
What is the Tracxn IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO.
Basis of Allotment finalization is on Oct 17, 2022, refund initiation is on Oct 18, 2022, credit of shares is on Oct 19, 2022, and share listing date is on Oct 20, 2022.
What is the Tracxn IPO Listing Date?
Shares of this company shall be listed in the exchanges Oct 20, 2022. The date, when the listing would be done, is stagnant on Oct 20, 2022.
Who is the Registrar of Tracxn IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Tracxn IPO?
Here are the promoters of this IPO – NEHA SINGH AND ABHISHEK GOYAL. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Tracxn IPO?
They have obtained the GMP of this IPO and it is (Rs. 4). Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Tracxn IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years.
You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Tracxn Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide.
PAT for the financial year 2022 in Thousands is Rs. (4.852), 2021 is (4.152), 2020 is (54.826).
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