Tracxn Technologies IPO

2022 - 10 - 10

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Image courtesy of "Financial Express"

Tracxn Technologies IPO opens, GMP nil; should you subscribe to ... (Financial Express)

Tracxn Technologies Ltd (TTL) IPO opened for subscription on Monday (10 October). The offer will open for subscription till 12 October (Wednesday).

(The recommendations in this story are by the respective research analysts and brokerage firms. Also, the valuations are not in favor of the investors,” the brokerage said. With the IPO, the company aims to achieve the benefits of listing the equity shares on the stock exchanges and the sale of shares by the selling shareholders (Neha Singh, Abhishek Goyal, Elevation Capital, Accel India IV (Mauritius) Ltd, SCI Investments V, Prashant Chandra, Binny Bansal, Sachin Bansal, WGG International Limited, Sahil Barua, Deepak Singh, Trustees, NRJN Family Trust, Milliways Fund LLC, Rathnagirish Mathrubootham, Trustees, Kolluri Living Trust, Apoletto Asia Ltd and Manoj Kumar Gandhi) in the offer. At the upper price band, it is valued at 240x P/E & 10.9x MCap/sales on Q1FY23 (annualised basis). [Flipkart](https://www.financialexpress.com/about/flipkart/?utm_source=fe_Story&utm_medium=fe_Tags&utm_campaign=referral) intends to garner around Rs 310 crore through an offer for sale (OFS) of 38,672,208 equity shares by the shareholders and promoters. Thus considering the above observations, we assign an “AVOID” rating for the issue,” the brokerage said in its note. There are no listed companies in India whose business portfolio is comparable with that of the company’s business. Out of the total allocation of 17,402,494 equity shares to the anchor investors, 7,526,910 equity shares were allocated to four mutual funds through six schemes amounting to Rs 60.22 crore, 43.25% of the total anchor book size. Company being a leading global provider of differentiated private market data and intelligence has a diverse, longstanding and growing global customer base. “Traxcn is one of the leading players providing private market data services with a growing user base scaling the operations of the company. The minimum investment for a retail investor works out to Rs 14,800 at the upper end of the price band for 185 shares. A retail investor can apply for up to 13 lots or 2,405 shares for an amount of Rs 1,92,400.

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Image courtesy of "Economic Times"

Tracxn Technologies IPO subscribed 6% on day 1 so far (Economic Times)

Tracxn Technologies is one of the leading global providers of differentiated private market data and intelligence in a highly competitive industry but it ...

The company said it intends to gain the benefits of listing the shares on the stock exchanges. The company reported a net loss of Rs 5.35 crore, which was significantly lower than the net loss of Rs 54.03 crore last year. [Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). The quota for qualified institutional investors was not off the mark yet. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) The issue, which kicked off for subscription earlier today, will close on Wednesday, October 12.

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Image courtesy of "Business Insider India"

Tracxn Technologies IPO — 10 things to know about this company ... (Business Insider India)

IPO dates · How much money will the company raise via IPO? · Promoters selling shares via IPO · What does the company do? · Analysts cautious of the IPO · 'Avoid' ...

GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. Delhivery founder Sahil Barua, Freshworks’ Girish Mathrubootham and Sequoia Capital India will also be selling some equity shares as a part of the IPO. The IPO of Bengaluru-based data provider Tracxn Technologies has opened today (October 10) and will close on October 12.

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Image courtesy of "Zee News"

Tracxn Technologies IPO: Muted response to initial public offer ... (Zee News)

Despite strong retail demand, Tracxn Technologies' initial public offering (IPO) attracted a muted response as the issue was subscribed 23 per cent on day 1 ...

According to the reports, the IPO was commanding a grey market premium (GMP) of Rs 6 per share. Non-Institutional Investors (Bid amount of more than ten lakh rupees) were subscribed only 2 per cent. The Flipkart founders-backed IPO received bids for 49,23,775 shares, which was 23 per cent of the total issue size of 2,12,69,714 shares.

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Image courtesy of "ANI News"

Tracxn Technologies IPO opens today (ANI News)

New Delhi [India], October 10: The initial public offering (IPO) of Tracxn Technologies has opened on the equity markets today. The three-day subscription ...

[intelligence](/topic/intelligence) [provider](/topic/provider) has fixed its [IPO](/topic/ipo) prices at Rs 75 and Rs 80 per equity share. The three-day [subscription](/topic/subscription) of Tracxn Technologies [IPO](/topic/ipo) will remain open for bidding till Wednesday. The company also said that it has been incurring losses in the last three years.

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Image courtesy of "Samayam Tamil"

Tracxn Technologies IPO: தொடங்கியது ட்ராக்‌ஷன் ... (Samayam Tamil)

பங்கு விலை 75 ரூபாய் முதல் 80 ரூபாய் வரை. இன்று ட்ராக்‌ஷன் டெக் பங்கின் ஜிஎம்பி (GMP) 6 ...

- ஒரு லாட்டில் 185 பங்குகள். இந்த ஐபிஓவில் ட்ராக்ஷன் பங்கு விலை 75 ரூபாய் முதல் 80 ரூபாய் வரை நிர்ணய்க்கப்பட்டுள்ளது. [ஐபிஓ](https://tamil.samayam.com/business/i/glossary/initial-public-offering)இன்று (அக்டோபர் 10) தொடங்கியுள்ளது.

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Image courtesy of "Livemint"

Tracxn Technologies IPO: GMP, subscription status on day 2 of the ... (Livemint)

As per market observes, Tracx Tech shares are commanding a premium (GMP) of ₹7 in the grey market today. The finalisation of the basis of share allotment could ...

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Image courtesy of "Moneycontrol.com"

Tracxn Technologies IPO subscribed 32% on Day 2, retail portion ... (Moneycontrol.com)

Co-founders Abhishek Goyal and Neha Singh, who hold 23.81 percent shareholding each, will offload 76.62 lakh shares each via the issue.

It is entirely an offer-for-sale and so the company will not receive any funds from the issue. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. First is the company being leading global provider of differentiated private market data and intelligence has diverse, long-standing and growing global customer base. "The company is bringing the issue at a price band of Rs 75-80 per share at P/S multiple of 14 on FY22 basis," said Hem Securities which has a subscribe for long term rating on the issue for a couple of reasons. The company has reserved 75 percent of its offer for qualified institutional buyers, 15 percent for non-institutional investors and the remaining for retail investors. Qualified institutional buyers have not started bidding yet.

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Image courtesy of "News18"

Tracxn Technologies IPO Day 2: GMP, Subscription, Valuation ... (News18)

Tracxn Technologies IPO Day 2: The three-day initial public offering (IPO) of Tracxn Technologies received a tepid response from investors.

As of June this year, the company had 3,271 users across 1,139 customer accounts in over 58 countries. As per market observes, Tracx Tech shares are commanding a premium (GMP) of Rs 7 in the grey market today. “On the financials front, the company’s revenue has grown at a CAGR of 30.4%. Tracxn Technologies has garnered bids for 32 per cent or 68.95 lakh shares against an IPO size of 2.12 crore shares on October 11, the second day of bidding. It is entirely an offer-for-sale and so the company will not receive any funds from the issue. The last day to subscribe to the public offer is October 12 (Wednesday).

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Image courtesy of "Zee Business"

Tracxn Technologies IPO Day 2 today: Check subscription status ... (Zee Business)

Tracxn Technologies IPO Day 2 today: The allotment date is October 17 while the public issue is proposed for listing on both NSE and BSE October 20.

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Image courtesy of "The Economic Times"

tracxn technologies ipo subscription status: Tracxn Technologies ... (The Economic Times)

Tracxn Technologies is one of the leading global providers of differentiated private market data and intelligence in a highly competitive industry but it ...

The company said it intends to gain the benefits of listing the shares on the stock exchanges. The company reported a net loss of Rs 5.35 crore, which was significantly lower than the net loss of Rs 54.03 crore last year. [Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). The quota for qualified institutional investors was not off the mark yet. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) The issue, which kicked off for subscription earlier today, will close on Wednesday, October 12.

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Image courtesy of "Livemint"

Tracxn Technologies IPO: 5 things to know about this SaaS-based ... (Livemint)

Tracxn Technologies is backed by angel investors such as Ratan Tata, Bansals of Flipkart and Sahil Barua of Delhivery.

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