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All that you should know about the Company before applying for the IPO.
The public issue of equity shares of TRACXN TECHNOLOGIES LIMITED will open for subscription on October 10, 2022 and closes on October 12, 2022. It is expected to list on the stock exchanges on October 20, 2022. What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analyse the IPO.
Launched its platform in the Year 2015, the company is among the leading global market intelligence providers for private company data and ranks among the top five players globally in terms of the number of companies profiled, offering data on private market companies across sectors and geographies. They have one of the highest coverage of private companies in emerging technology sectors, including IoT, AI, VR, robotics, blockchain, and EVs. Their platform has 3,271 users across 1,139 Customer Accounts in over 58 countries as of June 30, 2022. Their customers include several Fortune 500 companies and/or their affiliates.
The company has an asset-light business model and operates a Software as a Service (“SaaS”)-based platform, Tracxn, that scanned over 662 million web domains and profiled over 1.84 million entities across 2,003 Feeds categorized across industries, sectors, subsectors, geographies, affiliations, and networks globally.
The company uses an in-house developed algorithm based on a combination of technology and human analysts to process vast amounts of data, create profiles, and provide market intelligence. Over the years, they have developed a systematic process of sourcing data, including technology-based data extraction and instantaneous data upload through APIs. They also rely on information from websites, news reports, press releases, social media, and events to identify and track private market company information. As a part of their sourcing process, they have obtained financial and non-financial information through automation from regulatory filings globally.
Neha Singh and Abhishek Goyal
There are no listed peers in India
Given below are the objectives of the Company –
The Offer is a 100% Offer for Sale issue. The Company will not receive any proceeds from the Offer for Sale and all proceeds from the Offer will go to the Selling Shareholders.
|IPO Size||₹ 309.38 Crore *|
|Offer Mix||100% Offer For Sale issue|
|Price Band||₹ 75 - ₹ 80|
|Lot Size||185 Shares (& in multiples thereof)|
|Face Value||₹ 1|
|Application Amount||Min. ₹ 14,800 (1 lot) | Max. ₹ 1,92,400 (13 lots) [at upper price band]|
|Listing on||NSE & BSE|
|Registrar||Link Intime India Private Limited|
|Cut-off time for UPI Mandate Confirmation||12-October-2022 (up to 05:00 PM)|
₹ 232.03 Crore
(75% of the Issue Size)
₹ 46.41 Crore
(15% of the Issue Size)
₹ 30.94 Crore
(10% of the Issue Size)
|IPO Opens||October 10,, 2022|
|IPO Closes||October 12, 2022|
|Finalization of the basis of allotment||October 17, 2022|
|Unblocking of funds / Initiation of refunds||October 18, 2022|
|Credit of equity shares to Demat accounts||October 19, 2022|
|Listing of equity shares||October 20, 2022|
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