3 - 5 minutes readTracxn Technologies IPO Date

Tracxn Technologies IPO Details: Tracxn Technologies announced the price range for its initial public offering on October 4, 2022. The issue will be priced at Rs. 75 to Rs. 80 per equity share. The private market intelligence platform intends to raise between Rs. 209 and 309 crore through the IPO. It also stated that the IPO will begin on October 10 and will be open for subscription until October 12.

Tracxn’s subscription-based platform provides customers with private company data for deal sourcing, identifying M&A targets, deal diligence, analysis, and tracking emerging themes across industries and markets, among other things.

Tracxn Technologies IPO

Tracxn Technologies IPO Details

IPO Opening DateOct 10, 2022
IPO Closing DateOct 12, 2022
Price BandRs. 75 to Rs. 80 per share
Lot Size183 Shares
Issue Size (Rs. Cr.)38,672,208 shares of Rs. 1 (aggregating up to Rs. 309.38 Cr)
Offer for Sale38,672,208 shares of Rs. 1 (aggregating up to Rs. 309.38 Cr)
Face ValueRs. 1 per share
Issue TypeBook Built Issue IPO
Exchange BoardBSE, SME
QIB Shares OfferedNot less than 75% of the Offer
Retail Shares OfferedNot more than 10% of the Offer
NII (HNI) Shares OfferedNot more than 15% of the Offer
Basis of Allotment DateOct 17, 2022
Initiation of RefundsOct 18, 2022
Credit of Shares to Demat AccountOct 19, 2022
Tracxn Technologies IPO Listing DateOct 20, 2022

Tracxn Technologies IPO Date

The Tracxn Technologies’s IPO will begin on Oct 10 and end on Oct 12, 2022. Bidding for anchors will begin on October 7, and shares will be distributed on October 17. The stock will go public on October 20.

Tracxn Technologies IPO Issue Size

Tracxn Technologies IPO issue size is Rs. 309.38 Cr. Notably, promoters Neha Singh and Abhishek Goyal will sell approximately 76.62 lakh equity shares through the OFS, while Flipkart founders Binny Bansal and Sachin Bansal will sell 12.63 lakh shares.

Elevation Capital will also sell up to 1.09 crore equity shares, while Accel India IV Mauritius will sell 40.2 lakh shares, SCI Investment V will sell up to 21.81 lakh shares, and Sahil Barua will sell 2.07 lakh shares.

Tracxn Technologies IPO Price Band

The Tracxn Technologies Limited IPO price band has been set at Rs. 75 to Rs. 80 per equity share for its Rs 309-crore initial public offering (IPO).

Tracxn Technologies IPO Lot Size

The Tracxn Technologies initial public offering lot size is 185 shares. A retail investor can apply for up to 13 lots (2405 shares or Rs. 192,400).

Tracxn Technologies Allotment Date and Listing Date

The tentative timing for the share allocation announcement is Oct 17, 2022. Tracxn Technologies IPO listing date is Oct 20, 2022.

About Tracxn Technologies Limited IPO

Tracxn Technologies, founded in 2013, provides market intelligence data to private companies. Customers can source and track companies across sectors and geographies using the company’s extensive global database and customised solutions and features.

In terms of the number of companies profiled, the company ranks among the top five in the world, offering data on private market companies across sectors and geographies. As of May 31, 2021, the company’s asset-light business model and Tracxn’s Software as a Service (“SaaS”)-based platform had 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 June 30, 2022, the company had 3,271 users across 1,139 Customer Accounts in over 58 countries, and its customers included several Fortune 500 companies and/or their affiliates.

Through its Tracxn platform, the company provides private company data to its customers for use in deal sourcing, identifying M&A targets, deal diligence, analysis, and tracking emerging themes across industries and markets, among other things.

Promoters of Tracxn Technologies IPO

Promoters of Tracxn Technologies IPO’s promoters are Neha Singh and Abhishek Goyal.

Tracxn Technologies IPO FAQs

What is Tracxn Technologies IPO?

Tracxn Technologies IPO is a main-board IPO of 38,672,208 equity shares with a face value of Rs. 1 and a total value of Rs. 309.38 Crores. The share price ranges from Rs. 75 to Rs. 80. A minimum order quantity of 185 Shares is required.

The initial public offering (IPO) begins on October 10, 2022 and ends on October 12, 2022. The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and NSE.

When Tracxn Technologies IPO will open?

The Tracxn Technologies IPO opens on Oct 10, 2022 and closes on Oct 12, 2022.

What is the lot size of Tracxn Technologies IPO?

Tracxn Technologies IPO lot size is 183 Shares.

How to apply for Tracxn Technologies IPO?

You can apply in Tracxn Technologies IPO online using either UPI or ASBA as 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.

When Tracxn Technologies IPO allotment?

The Tracxn Technologies IPO Basis of Allotment will be finalised on October 17, 2022, and the allotted shares will be credited to your demat account by October 19, 2022.

When is Tracxn Technologies IPO listing date?

The Tracxn Technologies IPO listing date is 20 Oct 2022.

Who is the registrar of Tracxn Technologies IPO?

Link Intime India Private Ltd is the registrar for Tracxn Technologies IPO.

What is Tracxn Technologies IPO Price Band?

Tracxn Technologies IPO price band is Rs. 75 to Rs. 80 per equity share.