Tracxn Technologies IPO GMP

Tracxn Technologies IPO Day 1: The initial public offering (IPO) of Flipkart founders-backed Tracxn Technologies Limited will be launching its Initial ...

Hem Securities said that the company is bringing the issue at a P/S multiple of 14x on an FY22 basis. A few have suggested avoiding the issue citing poor financials, pricey valuations and the fact the IPO is an OFS. Shares of the company will list on both BSE and NSE. For the fiscal year 2021, the company clocked a total revenue of Rs 55.74 crore, which was Rs 63.13 crore a year ago. The minimum investment for a retail investor works out to Rs 14,800 at the upper end of the price band for 185 shares. The last day to subscribe to the public offer is October 12 (Wednesday).

Ahead of its IPO, Tracxn Technologies received Rs 139.22 crore by allocating 17402494 shares to anchor investors at Rs 80 per share a piece.

RECOMMENDED For June quarter, revenues rose 22.93 per cent to Rs 18.40 crore from Rs 14.97 crore in the year-ago quarter. Over 70 per cent of the company’s revenue comes from outside India. Analysts said Tracxn Technologies has an asset light business model and operates a Software as a Service (SaaS)-based platform. "On the financials front, the company’s revenue has grown at a CAGR of 30.4 per cent. "The company is a leading global player, ranking amongst the top 5 in its segment. Considering the high attrition rate in the IT-enabled sector and already double-digit attrition level (49 per cent in FY22 and 13.8 per cent in Q1 FY23) of Tracxn, we are cautiously optimistic on the company’s efforts in bringing down the employee costs," Choice Broking said. At higher price band, Tracxn is demanding an EV/Sales multiple of 12.3 times, which seems to be stretched for a loss-making operation. Religare has 'neutral' rating on the issue while ICICIdirect did not rate the issue. The issue could, at best, be suitable for investors with a fairly long-term view. Ahead of its IPO, the firm attracted Rs 139.22 crore from anchor investors by allocating 17,402,494 shares at Rs 80 per share a piece. The Rs 309.38 crore initial public offer (IPO) by Tracxn Technologies opened for subscription on Monday.

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.

Tracxn IPO subscription status live numbers. Get latest subscription status of Tracxn IPO from NSE and BSE.

Just go to the online bank login and apply via your bank account by selecting the Tracxn IPO in the Invest section. You can apply for Tracxn IPO via ASBA available in your bank account. The other option is you can apply for Tracxn IPO via IPO forms downloaded via NSE and BSE. Tracxn Technologies Limited was incorporated in 2012 as Tracxn Technologies Private Limited and the company’s name was changed to Tracxn Technologies Limited in 2021. You can check the The retail quota is 10%, QIB is 75%, and HNI is 15%.

The IPO of Traxcn Technologies will be open for subscription for three days starting October 10. Potential investors will be able to bid for Tracxn shares ...

The IPO will remain open for three trading days till October 12. The IPO of Traxcn Technologies will be open for subscription for three days starting October 10. Tracxn Technologies is all set to launch an IPO on Monday, October 10 to raise up to Rs 309 crore.

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Tracxn Technologies IPO Opens Today All You Need To Know Tracxn Technologies का आइपीओ सोमवार को खुल गया है।

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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 ...