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Tracxn Technologies IPO

Tracxn Technologies Limited’s IPO will open on October 10, 2022, to raise approximately Rs 309 crore from the market. The shares will be released in the price band of Rs 75-80. The company provides market intelligence data for private companies. Click here to Apply for Tracxn Technologies IPO

Opening Date

Oct 10, 2022

Closing Date

Oct 12, 2022

Price Band

₹75 - ₹80

per equity share

Issue Size

₹309.00 Cr

Face Value

₹1

per equity share

Market Lot

185 Shares

Opening Date

Oct 10, 2022

Closing Date

Oct 12, 2022

Price Band

₹75 - ₹80

per equity share

Issue Size

₹309.00 Cr

Face Value

₹1

per equity share

Market Lot

185 Shares

Listing at NSE, BSE

Tracxn Technologies Ltd. IPO Important Dates

IPO Open Date Oct 10, 2022
IPO Close Date Oct 12, 2022
Allotment Date Oct 17, 2022
Initiation Of Refunds Oct 18, 2022
Credit Of Shares To
Demat Account
Oct 19, 2022
IPO Listing Date Oct 20, 2022
UPI Mandate Expiry Date MM DD, YYYY

View all upcoming IPOs

Tracxn Technologies IPO Latest News and Subscription Status Today [Live]

At 06:12:00 PM.
  • This IPO has been subscribed 1.99x by 06:12 PM. on Day 3
  • It is a public issue of 21,269,714 equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 1.66
  • (NII) Non-institutional buyers: 0.80
  • (RII) Retail Individual buyers: 4.87
  • Employees: [.]
At 04:20:00 PM.
  • This IPO has been subscribed 1.99x by 04:20 PM. on Day 3
  • It is a public issue of 21,269,714 equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 1.66
  • (NII) Non-institutional buyers: 0.79
  • (RII) Retail Individual buyers: 4.75
  • Employees: [.]
At 01:30:00 PM.
  • This IPO has been subscribed 1.57x by 01:30 PM. on Day 3
  • It is a public issue of 21,269,714 equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 1.37
  • (NII) Non-institutional buyers: 0.62
  • (RII) Retail Individual buyers: 3.59
  • Employees: [.]
At 11:12:00 AM.
  • This IPO has been subscribed 0.76x by 11:12 AM. on Day 3
  • It is a public issue of 21,269,714 equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 0.22
  • (NII) Non-institutional buyers: 0.30
  • (RII) Retail Individual buyers: 3.08
  • Employees: [.]
At 05:00:00 PM.
  • This IPO has been subscribed 0.54x by 05:00 PM. on Day 2
  • It is a public issue of 21,269,714 equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 0.00
  • (NII) Non-institutional buyers: 0.25
  • (RII) Retail Individual buyers: 2.60
  • Employees: [.]
At 03:28:00 PM.
  • This IPO has been subscribed 0.49x by 03:28 PM. on Day 2
  • It is a public issue of 21,269,714 equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 0.00
  • (NII) Non-institutional buyers: 0.14
  • (RII) Retail Individual buyers: 2.33
  • Employees: [.]
At 01:24:00 PM.
  • This IPO has been subscribed 0.39x by 01:24 PM. on Day 2
  • It is a public issue of 21,269,714 equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 0.00
  • (NII) Non-institutional buyers: 0.11
  • (RII) Retail Individual buyers: 1.99
  • Employees: [.]
At 11:08:00 AM.
  • This IPO has been subscribed 0.33x by 11:08 AM. on Day 2
  • It is a public issue of 21,269,714 equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 0.00
  • (NII) Non-institutional buyers: 0.09
  • (RII) Retail Individual buyers: 1.70
  • Employees: [.]
At 05:00:00 PM.
  • This IPO has been subscribed 0.23x by 05:00 PM. on Day 1
  • It is a public issue of 21,269,714equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 0.00
  • (NII) Non-institutional buyers: 0.04
  • (RII) Retail Individual buyers: 1.23
  • Employees: [.]
At 03:57:00 PM.
  • This IPO has been subscribed 0.18x by 03:57 PM. on Day 1
  • It is a public issue of 21,269,714equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 0.00
  • (NII) Non-institutional buyers: 0.01
  • (RII) Retail Individual buyers: 0.97
  • Employees: [.]
At 01:25:00 PM.
  • This IPO has been subscribed 0.11x by 01:25 PM. on Day 1
  • It is a public issue of 21,269,714equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 0.00
  • (NII) Non-institutional buyers: 0.01
  • (RII) Retail Individual buyers: 0.61
  • Employees: [.]
At 11:25:00 AM.
  • This IPO has been subscribed 0.05x by 11:25 AM. on Day 1
  • It is a public issue of 21,269,714equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 0.00
  • (NII) Non-institutional buyers: 0.01
  • (RII) Retail Individual buyers: 0.27
  • Employees: [.]

About Tracxn Technologies Ltd.

The company ranks among the top five global players providing data to private market companies. Tracxn has catered to 3,271 users across 1,139 Customer Accounts in over 58 countries as of June 30, 2022. They have several Fortune 500 companies and/or affiliates on their client list.

Using an asset-light business model and software-as-a-service platform, Tracxn scanned over 550 million web domains and profiled over 1.4 million entities across 1,805 Feeds categorised across industries, sectors, sub-sectors, geographies, affiliations and networks globally, as of May 31, 2021.

Tracxn Technologies Ltd. IPO Objectives

The company wants to carry out the sale of up to 38,672,208 Equity Shares and to enjoy the benefits of listing equity in the stock market.

Why should you invest in the Tracxn Technologies Ltd. IPO?

Here are our top reasons:

  • The company is one of the five global players providing customer data to private companies.
  • Tracxn is backed by angel investors like Ratan Tata, NRJN Family Trust, Neeraj Arora, Sachin Bansal, Binny Bansal, Amit Ranjan, and others.
  • It caters to a diverse, longstanding, and growing global customer base.

Financial Highlights

Particulars For the year/period ended (₹ in million)
  FY21 FY20 FY19
Revenue From Operation 437,786.71 373,342.21 331,871.44
EBITDA (170,574.33) (224,468.79) (205,909.08)
EBITDA Margin (%) (38.97) (60.12) (62.04)
Profit After Tax NA NA NA
EPS (1.52) (5.54) (1.75)
ROE NA NA NA

How to apply for Tracxn Technologies Ltd. IPO?

Retail investors need to apply for the IPO using UPI.

UPI

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for Tracxn Technologies Ltd. IPO and approve the payment on your UPI ID.

Demat Account

Tracxn Technologies Ltd. IPO Noteworthy Highlights:

  • Their customer base has grown at 34.73% CAGR in the last three fiscals from 471 Customer Accounts as of March 31, 2019, to 855 Customer Accounts as of March 31, 2021.
  • As an Indian SaaS company, Tracxn has several cost advantages over its US and UK competitors, like lower employee benefit expenses.

The Brand’s Pros & Cons:

Pros Cons
They use technology and human analysts to process vast data, giving their platform an edge. The company depends on its growing base of customers to increase its revenue; failure to do that will affect future cash flow.
Tracxn is an Indian SaaS company catering to global companies, which gives it a cost advantage in offering more competitive pricing. The company will lose revenue if its customers don’t renew their subscriptions.
They have built a web-crawling and data engine that reviews over 550 million web domains at the back -end, adding 200,000 entities daily to the database. Interruption or performance problems on their platform may adversely impact their business and financial conditions.

Competitive Peers

No listed entities in India are similar to the business line of Tracxn Technologies. Hence, a strict comparison is impossible.

Tracxn Technologies IPO FAQs

What is Tracxn Technologies Ltd. IPO?

The company will raise Rs 309.00 crore in a pure offer for sale IPO.

When will Tracxn Technologies Ltd. IPO allotment be available?

The shares will be allotted to investors on October 17, 2022.

What will be Tracxn Technologies Ltd. IPO lot size?

The lot size for the IPO is 185 shares. The shares will be available in the price band of Rs.75-80.

When will Tracxn Technologies Ltd. IPO open for subscription?

The subscription window will open on October 10, 2022.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot constraining 185 shares.

When will Tracxn Technologies Ltd. list on exchanges?

Tracxn Technologies IPO shares will list on the exchange on October 20, 2022.

How to check the allotment status of Tracxn Technologies Ltd. IPO?

Angel One customers can log in to their accounts to check Tracxn TechnologiesLtd. IPO allotment status.
When checking the allotment status, keep your application, DP ID, and PAN number ready.

What would be the listing gains on Tracxn Technologies Ltd. IPO?

Listing gain is the difference between the IPO's opening and offer prices.
The listing gain results from changing investors' interests, global parameters, and short vs long-term outlooks.

I have finished the application process for Tracxn Technologies Ltd. IPO, but the funds are not yet debited. What is the reason?

The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date.

How to approve the UPI mandate request for Tracxn Technologies Ltd. IPO?

Login to your UPI handle and approve the payment mandate to complete the IPO application process.

Can I submit more than one application for the public issue of Tracxn Technologies Ltd. using one PAN?

You can submit only one application using one PAN card.

What is the minimum order quantity for Tracxn Technologies Ltd. IPO?

The minimum size of the application will be one lot.

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