Tracxn Technologies IPO: The initial public offering (IPO) of Tracxn Technologies Limited, backed by the Flipkart founders, is set to hit primary markets today. The three-day subscription to the Tracxn Technologies IPO opened today and can be redeemed until October 12, 2022. The market research data provider company has set the IPO price of Tracxn Technologies at €75 to €80 per share. Tracxn Technologies shares are now available at a premium of €6 today in the gray market.
Here we list key Tracxn Technologies IPO details in 10 points:
1]Tracxn Technologies IPO GMP: According to market watchers, Tracxn Technologies IPO is now gray market premium (GMP). €6.
2]Tracxn Technologies IPO price: The price range of the public issue was set to €75 to €80 per share.
3]Tracxn Technologies IPO subscription date: The public offering will open on October 10, 2022 and will remain open for bids until October 12, 2022.
4]Tracxn Technologies IPO Size: The market research data provider company aims to generate €309.38 million from its public offering.
5]Tracxn Technologies IPO lot size: A bidder can apply in lots and one lot is 185 company shares.
6]Tracxn Technologies IPO Type: The public offering is book-build and 100% Offer for Sale (OFS).
7]Tracxn Technologies IPO Investment Limit: A tenderer can apply for a minimum of one lot and a maximum of 13 lots. So an investor needs a minimum €14,800 ( €80 x 185) to register for the IPO and an investor can invest a maximum €1.92.400 [( ₹80 x 185) x 13].
8]Tracxn Technologies IPO Grant Date: The preliminary share allocation date is October 17, 2022.
9]Tracxn Technologies listing date: The public offering is scheduled to be listed on both the NSE and the BSE and is expected to enter the secondary market on October 20, 2022.
10]Review of Tracxn Technologies IPO: Whether or not to apply for the IPO, said Abhay Doshi, founder of UnlisteArena.com, “Tracxn has emerged as a major player in the private market data service provider space, offering enterprise-level data maintenance. The company’s operations are based in India offering an advantage in cost efficiency compared to its global competitors. The offering is a full OFS and as such the proceeds are not available to the Company. The company made losses through fiscal 22 and has posted 23 positive results for the 3MFY. Therefore, it will be too early to comment on the company’s performance and valuations.”
“On the financial side, the company’s revenue has increased at a CAGR of 30.4%. Although sales have increased, EBITDA and PAT have been negative for the past two years. Therefore, an investor needs to keep an eye on the financial data FY23,” reports Religare Broking research.
Disclaimer: The views and recommendations made above are those of individual analysts or brokerage firms and not Mint.
Get all the business news, market news, breaking news and latest news updates on Live Mint. Download the Mint News app for daily market updates. More less
Subscribe to something Mint newsletter
* Enter a valid email address
* Thank you for subscribing to our newsletter.
Comments are closed.