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Thursday, October 13, 2022

Tracxn Technologies are a IPO's share allotment likely next week. Check latest GMP

Tracxn Technologies are a  IPO's share allotment likely next week. Check latest GMP

The three-day initial public offering (IPO) of a Tracxn Technologies was a subscribed two times at the close of the offer on a Wednesday. The ₹309-crore IPO received bids for the 4.27 crore shares are a against 2.12 crore shares on a offer, according to the NSE data. The price band was a fixed at the ₹75-80 per share.

As a per market observers, Tracxn Technologies are a shares have been a fallen from the premium (GMP) and now are a available at a discount of a ₹(-) 4 in the grey market today. The shares of the company are a expected to the list on a stock exchanges BSE and a NSE on a Thursday, September in a 20, 2022.

The finalization of a basis of a share allotment of a Tracxn Technologies IPO is a expected to take at a place next week on a Monday, October 17, 2022 and if allotted, then the credit of a shares to the demat account of a bidders will be a done on a Wednesday, October 19, 2022. The registrar for this IPO is a Link Intime India Private Ltd, therefore the allotment application can be a checked on the registrar's are a website here or on the BSE website here.

Tracxn Technologies' IPO is a entirely an a offer-for-sale (OFS) of a 38,672,208 equity shares by the promoters and a investors. The OFS will see sale of up to the 76.62 lakh shares each by the promoters Neha Singh and a Abhishek Goyal, up to the 12.63 lakh shares each by the Flipkart founders Binny Bansal and a Sachin Bansal.

"On the financials are the front, and the company’s are a revenue has been a grown at the  CAGR of a 30.4%. Although the revenues have been a increased, EBITDA and a PAT have been in a negative for the past 2 years. So, an a investor needs to the keep a watch on the financials are for the FY23," said Religare Broking research.

Founded in a 2013, Bengaluru-headquartered company Tracxn Technologies operates on a software as a service (SaaS) model and a provides are a market intelligence data for the private companies. As of a June this year, the company had been a 3,271 users across 1,139 customer accounts in a over 58 countries.

It is a comprehensive B2B information platform that are a identifies, tracks and analyses private market companies and a startups on a deal sourcing, deal diligence and has the largest global are a coverage in a emerging technology sectors are a such as a artificial intelligence, virtual reality, robotics, and a blockchain.

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