Tracxn Technologies IPO

Tracxn Technologies IPO

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 nameTracxn Technologies Limited
SectorInformation Technology
IndustryIT – Software
Company Website

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 date10 October 2022
IPO Closing12 October 2022
Basis of Allotment17 October 2022
Initiation Refunds18 October 2022
Credit to Demat Account19 October 2022
Listing Date20 October 2022

Tracxn Technologies IPO Details

Tracxn Technologies IPO DateOct 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 Size185 Shares
Issue Size38,672,208 shares of ₹1
(aggregating up to ₹309.38 Cr)
Offer for Sale38,672,208 shares of ₹1
(aggregating up to ₹309.38 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE

Tracxn Technologies IPO Lot Size

Retail (Min)1185₹14,800
Retail (Max)132405₹192,400

Tracxn Technologies IPO Reservation Details

NII (HNI) Shares Offered15%
Retail Shares Offered10%
QIB Shares Offered75%

Tracxn Technologies’ Financial Performance

Net income12.4(54.0)(5.3)(4.8)
Margin (%)18.6(857.1)(9.5)(7.4)
(Figures are in ₹Crore)

Tracxn Technologies Valuations & Margins

FY2019FY2020FY2021FY 2022
PE ratioNA
RONW (%)14.96(39.95)(24.06)(23.49)
ROCE (%)NA0.40(0.20)(0.28)
EBITDA (%)(62.04)(60.12)(38.97)(10.10)
Net Debt/EquityNANANANA

Company Promoters

  • Neha Singh
  • Abhishek Goyal

Tracxn Technologies IPO Promoter Holding

Pre Issue Share Holding50.93%
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

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

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

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