Tracxn Technologies Limited initiated its business operations in 2013. IT provides market intelligence data to the private companies. Its extensive database allows its customers to track companies across sectors and geographies as per the requirements. It is ranked five globally in the field of work it is. It has more than 3271 users across 11139 Accounts in more than 58 countries.
IPO DETAILS
Tracxn Technologies Limited IPO is set to launch on 10th Oct., 2022. The subscription timeline extends till 12th Oct., 2022. The size for the IPO is 309.38 Crore Rs.. Shares issued through Offer For Sale are worth 309.38 Crore Rs. No shares are issued through Fresh Issue mode. The lot size is 185 shares and the price range is 75 Rs. – 80 Rs./ share. The company is going to get listed at both the exchanges NSE and BSE. The face value per share is Re. 1 and this is a book built issue. The registrar for the company is Link Intime India Private Limited.
TABULAR REPRESENTATION OF IPO DETAILS
| IPO OPENING DATE | 10th Oct., 2022 |
| CLOSING DATE FOR IPO | 12th Oct., 2022 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 1 Re. per share |
| IPO price band | 75 Rs. – 80 Rs. |
| LOT SIZE | 185 shares |
| MINIMUM ORDER QUANTITY | 185 shares |
| ISSUE SIZE | 309.38 Crore Rs. |
| OFFER FOR SALE | 309.38 Crore Rs. |
| FRESH ISSUE | No shares |
| LISTING AT | NSE, BSE |
| LISTING DATE | 20th Oct., 2022 |
IMPORTANT DATES
| IPO OPENING DATE | 10th Oct., 2022 |
| CLOSING DATE FOR IPO | 12th Oct., 2022 |
| IPO ALLOTMENT DATE | 17th Oct., 2022 |
| REFUNDS | 18th Oct., 2022 |
| DEMAT A/C CREDITED ON | 19th Oct., 2022 |
| IPO LISTING DATE | 20th Oct., 2022 |
Tracxn Technologies Limited IPO begins for subscription from 10th Oct., 2022. The IPO subscription would continue till 12th Oct., 2022. The allotment status for the shareholders who applied would come on 17th Oct., 2022. The refunds for the ones who did not get allotment would be initiated on 18th Oct., 2022. The DEMAT accounts of shareholders would be credited on 19th Oct., 2022. The listing of the company would be accompanied on 20th Oct., 2022.
Lead Managers
The lead managers are :
- IIFL Securities Limited
The minimum lot size for the company is decided at 185 shares. This holding accounts to 14800 Rs.. The maximum lot size is decided at 2405 shares. This amounts to 192400 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 185 shares | 14800 Rs. |
| Maximum | 2405 shares | 192400 Rs. |
OBJECTIVES FOR THE IPO
- For General corporate purposes.
- To meet the future capital requirements.
COMPANY FINANCIALS
| Particularly (in Crore Rs.) | 2021-22 | 2020-21 | 2019-20 |
| ASSETS | 54 | 48 | 52 |
| Revenue | 65 | 56 | 6 |
| PAT | (-4.8) | (-4.0) | (-52.8) |
The financials of the company are too weak based on its position in the segment. It is one of the top 5 companies who work for private companies to provide them information and that too globally. Despite being such a huge name in its segment the company has an unstable asset base. The assets of the company were 52 Crore Rs in 2020 and uit decreased to 48 Crore Rs in 2021. However the same was 54 Crore Rs in 2022. But the stability or growth in asset base is not seen constantly in the company. Also the company’s revenues are close to 6 Crore Rs in 2020, 56 Crore Rs in 2021 and 65 Crore Rs in 2022.
The Revenue stream is definitely poor but the profitability is poorer. The reason is profits are not yet seen in the balance sheet at the end of the year. In 2020 the loss was 52 Crore Rs Which decreased to 4 Crore in 2021. However the same increased to 4.8 Crore Rs in 2022. Hence one must be extremely thoughtful before investing in the company based on its financials.
PROS
- The company is one of the leaders to provide market intelligence to private companies globally.
- It has a diversified and growing customer base across multiple countries.
CONS
- The company’s financials are not stable and aren’t growing every year. Also the profitability of the company is not yet seen in any year ending financials. The financials display that the PAT is always negative.
Tracxn Technologies Limited IPO APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section.
- Click the Tracxn Technologies Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
