Tracxn Technologies IPO will open for subscription from 10 October 2022. the company aims for an issue size of ₹309.38 Cr through this IPO.
Tracxn Technologies Limited
The company 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. It was incorporated in 2012 and has been recognized by Forbes as among the ‘Top 100 Analytics Startups of 2015’ and by Business Today as one of the ‘Coolest Startups of India’ in 2016. It has extensive coverage of private companies in emerging technology sectors including IoT, artificial intelligence, virtual reality, robotics, blockchain, and electric vehicles.
The company has an asset-light business model and operates a Software as a Service (SaaS)-based platform, Tracxn, that scanned over 550 million web domains, and profiled over 1.4 million entities across 1,805 feeds categorized across industries, sectors, sub-sectors, geographies, affiliations, and networks globally as of March 31, 2021. This platform had 2,358 users across 855 Customer Accounts in over 50 countries, as of March 31, 2021. Its customers include a number of Fortune 500 companies and their affiliates such as Unilever Industries.
The company’s operations are supported by investments from angel investors such as Ratan Tata, the NRJN Family Trust, Neeraj Arora, Sachin Bansal, Binny Bansal, Amit Ranjan, Girish Mathrubootham, Anand Rajaraman, Amit Singhal, and Ashish Gupta. It has also received investments from Elevation Capital, Accel Partners, Sequoia Capital, Prime Venture Partners, and KB Investments.
Basic details about the company
| Full name | Tracxn Technologies Limited |
| Sector | Information Technology |
| Industry | IT – Software |
| Company Website | https://tracxn.com/ |
Major competitive strengths
- In-house developed, scalable, and secure technology platform.
- One of the leading providers of market intelligence data for private companies globally.
- Experienced promoters, board of directors, and senior management team backed by marquee investors.
- Diverse, longstanding, and growing global customer base.
- Significant cost advantages from India-based operations.
Dates to remember
| IPO Opening date | 10 October 2022 |
| IPO Closing | 12 October 2022 |
| Basis of Allotment | 17 October 2022 |
| Initiation Refunds | 18 October 2022 |
| Credit to Demat Account | 19 October 2022 |
| Listing Date | 20 October 2022 |
Tracxn Technologies IPO Details
| Tracxn Technologies IPO Date | Oct 10, 2022 to Oct 12, 2022 |
| Tracxn Technologies IPO Face Value | ₹1 per share |
| Tracxn Technologies IPO Price | ₹75 to ₹80 per share |
| Tracxn Technologies IPO Lot Size | 185 Shares |
| Issue Size | 38,672,208 shares of ₹1 (aggregating up to ₹309.38 Cr) |
| Offer for Sale | 38,672,208 shares of ₹1 (aggregating up to ₹309.38 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Tracxn Technologies IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 185 | ₹14,800 |
| Retail (Max) | 13 | 2405 | ₹192,400 |
Tracxn Technologies IPO Reservation Details
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
| QIB Shares Offered | 75% |
Tracxn Technologies’ Financial Performance
| FY2019 | FY2020 | FY2021 | FY2022 | |
| Revenue | 66.8 | 6.3 | 55.7 | 65.2 |
| Expenses | 54.4 | 60.3 | 61.1 | 65.5 |
| Net income | 12.4 | (54.0) | (5.3) | (4.8) |
| Margin (%) | 18.6 | (857.1) | (9.5) | (7.4) |
Tracxn Technologies Valuations & Margins
| FY2019 | FY2020 | FY2021 | FY 2022 | |
| EPS | (1.75) | (5.54) | (1.52) | (0.48) |
| PE ratio | – | – | – | NA |
| RONW (%) | 14.96 | (39.95) | (24.06) | (23.49) |
| ROCE (%) | NA | 0.40 | (0.20) | (0.28) |
| EBITDA (%) | (62.04) | (60.12) | (38.97) | (10.10) |
| Net Debt/Equity | NA | NA | NA | NA |
| NAV | (8.50) | (13.87) | 2.28 | 2.06 |
Company Promoters
- Neha Singh
- Abhishek Goyal
Tracxn Technologies IPO Promoter Holding
| Pre Issue Share Holding | 50.93% |
| Post Issue Share Holding |
Lead Manager(s)
- IIFL Securities Ltd
Tracxn Technologies Offer Registrar
Link Intime India Private Limited
C-101, 1st Floor,
247 Park Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: tracxn.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Tracxn Technologies Contact Details
Tracxn Technologies Limited
L-248, 2nd Floor, 17th Cross,
Sector 6, HSR Layout,
Bengaluru 560 102,
Karnataka, India
Phone: +91 90360 90116
E-mail: compliance-officer@tracxn.com
Website: www.tracxn.com;
Tracxn IPO Allotment Status
Tracxn Technologies IPO allotment will be available on Link Intime’s website. Click on this link to get allotment status.
Final thoughts
Tracxn Technologies IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
