Tracxn Technologies ' IPO is opening from 10 October. The company has priced its IPO at INR 75-80 per share. This IPO opens on October 10 at 10 AM and closes on October 12 at 5 PM. The size of the IPO will be 309.38 crores. In the retail category, the minimum lot size would be 185 stocks at ₹14,800 and the maximum lot size would be 13 lots at 2405 stocks at ₹192,400.
Important information about Traxon Technologies Company.
Since 2012, Tracxn Technologies provides market intelligence services to private companies. As of June, the company had 1139 customer accounts in about 58 countries. There were 3271 users in these customer accounts. More than 70% of the company's revenue comes from outside India. These main customers are in Europe, Middle East and Africa. The PEER or competitive company of this company is Crunchbase, CB Insights, PrivCo and Pitchbook. Traxon Technologies has a vast experience and data base working in IoT, Artificial Intelligence, Virtual Reality, Robotics, and Blockchain. Many of its customers are included in Fortune 500 companies.
Tracxn Technologies IPO Shareholding Details .
This IPO will be completely offer for sale. Total shares will be 38,672,208 (approx. 309 crores) of face value of Re.1 each. The promoters and existing shareholders will sell their holdings. Due to this IPO being completely offer for sale, no new shares will be issued. In this way, whatever amount will come from this IPO, it will not go directly to the company but will go to the promoter and shareholder. The promoters of the company are Neha Singh and Abhishek Goyal. Traxon Technologies also has investments from Flipkart co-founders Binny Bansal and Sachin Bansal, and Delhivery's Sahil Baruah. In this OFS, both the promoters Neha Singh and Abhishek Goyal will sell 76.62 lakh each and Binny Bansal and Sachin Bansal will sell 12.63 lakh each. After this IPO, the promoter's holding will come down from 50.93% to 35.65%.
Important Points of Tracxn Technologies IPO .
| ipo open date | 10 October 2022 |
| IPO closing date | 12 October 2022 |
| date of share allotment | 17 October 2022 |
| refund issue date | 18 October 2022 |
| Date of arrival of shares in demat | 19 October 2022 |
| traxon technologies ipo listing date | 20 October 2022 |
| Traxon Technologies IPO Price | ₹75-80 per share |
| Traxon Technologies IPO Lot Size | 185 shares |
| Traxon Technologies IPO Size | ₹309.38 crore |
| listing exchange | NSE, BSE |
| QIB Reservation | 75% |
| NII (HNI) Reservation | 15% |
| RETAIL Reservation | 10% |
| Promoter holding before IPO | 50.93% |
| Promoter holding after IPO | 35.65% |
profit and loss
The company is in loss for the last 3 years.
| 31 March 2020 | 31 March 2021 | 31 March 2022 | |
| total revenue | 6.3 | 55.7 | 65.2 |
| profit after tax | -54.8 | -4.1 | -4.8 |
| net worth | -135.2 | 22.2 | 20.6 |
| reserve and surplus | -135.4 | 21.3 | 10.6 |
Subscription Status. Subscription Status (Times) 12 October .
| Retail Investor (RII) | 4.87 |
| Non Institutional Investor (NII) | 0.80 |
| Qualified Institutional Investor (QIB) | 1.66 |
| Total Subscription | 2.01 |