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All that you should know about the Company before applying for the IPO.

October 07, 2022     

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.

Company Profile

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.

Who are the Promoters of the Company?

Neha Singh and Abhishek Goyal

Positives about the Company

  • A leading global provider of differentiated private market data and intelligence
  • Diverse, longstanding and growing global customer base
  • Scalable and secure technology platform conceptualized and developed in-house
  • Significant cost advantages from India-based operations
  • Experienced Promoters, Board of Directors and senior management team, backed by marquee investors.

Who are its listed peers?

There are no listed peers in India

Why is the Company going public?

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.

  • To achieve the benefits of listing the equity shares on the stock exchanges
  • To enhance the visibility and brand image of the Company

IPO Details

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)
* at upper price band

Category Wise Availability *

QIB ₹ 232.03 Crore
(75% of the Issue Size)
NIB ₹ 46.41 Crore
(15% of the Issue Size)
Retail ₹ 30.94 Crore
(10% of the Issue Size)
* at upper price band

Indicative Issue Timeline

Activity Date
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
Source: Company RHP  Alternate Text


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