Tracxn Technologies: Bumper earning opportunity opened from today, invest in this IPO
The initial public offering (IPO) of market intelligence data analytics provider Tracxn Technologies has opened for subscription.
Tracxn Technologies Limited
Tracxn Technologies IPO : If you want to invest for good earning then you can earn bumper through this IPO. Because the Initial Public Offering (IPO) of Tracxn Technologies, a market intelligence data analytics provider, has opened for subscription. The company will raise Rs 309 crore through this IPO. The company has fixed the issue price band at Rs 75-80. Before the IPO, the company has raised Rs 139 crore from anchor investors. Investors can invest money in this IPO till 12 October 2022. This is completely offer for sale. During this time the promoters of the company will sell 38,672,208 shares.
Explain that through the OFS, 76.62 lakh shares of the company’s promoters Neha Singh and Abhishek Goyal and up to 12.63 lakh shares of Flipkart founders Binny Bansal and Sachin Bansal will be sold. Apart from this, 1.09 crore shares of Elevation Capital, 40.2 lakh shares of Accel India IV Mauritius, 21.81 lakh shares of SCI Investments V and 2.07 lakh shares of Sahil Barua will be issued.
10% reserve for these investors
In this IPO, 75 per cent will be reserved for Qualified Institutional Buyers (QIBs), while a quota of 15 per cent will be reserved for non-institutional investors. A 10% stake will be reserved for retail investors. The price band for TraxN Technology IPO is Rs 75-80 per share. Its one lot is of 185 shares. Accordingly, at least Rs 14,800 will have to be invested for one lot.
This company working since 2015
The allotment of shares of TraxN Technologies is likely to take place on October 17. Whereas on October 19, shares can be allotted in the demat account. At the same time, on October 20, the listing of the company can be done on BSE and NSE. TraxN Technologies works on a B2B platform to identify, track and analyze private market companies and startups. This company is working since 2015 and it was started by Neha Singh and Abhishek Goyal.
Know what is financial status?
The company’s turnover in the financial year 2020 was Rs 6.3 crore and then the company had a loss of Rs 54 crore. The turnover of the company in 2021 was Rs 55.7 crore and loss was Rs 5.4 crore. The turnover of the company in the financial year 2022 was Rs 65.2 crore while the loss stood at Rs 4.9 crore. The company’s business grew 22.9 percent in the first quarter of the financial year 2023. Before the issue opened, the company raised Rs 139.22 crore from anchor investors. Experts have expressed a cautious stance on this. Some have advised investors to stay away from it. He says that the company has not yet recovered from the loss and its valuation seems high.