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 Details
|IPO Opening Date||Oct 10, 2022|
|IPO Closing Date||Oct 12, 2022|
|Price Band||Rs. 75 to Rs. 80 per share|
|Lot Size||183 Shares|
|Issue Size (Rs. Cr.)||38,672,208 shares of Rs. 1 (aggregating up to Rs. 309.38 Cr)|
|Offer for Sale||38,672,208 shares of Rs. 1 (aggregating up to Rs. 309.38 Cr)|
|Face Value||Rs. 1 per share|
|Issue Type||Book Built Issue IPO|
|Exchange Board||BSE, SME|
|QIB Shares Offered||Not less than 75% of the Offer|
|Retail Shares Offered||Not more than 10% of the Offer|
|NII (HNI) Shares Offered||Not more than 15% of the Offer|
|Basis of Allotment Date||Oct 17, 2022|
|Initiation of Refunds||Oct 18, 2022|
|Credit of Shares to Demat Account||Oct 19, 2022|
|Tracxn Technologies IPO Listing Date||Oct 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.