New Delhi: The initial public offering (IPO) of market intelligence platform Tracxn Technologies will close today (Wednesday 12 October). Today’s GMP (Grey Market Premium) for Tracxn Technologies shows that the shares are available at a premium of Rs.
Traxn Technologies share allocation and stock market launch
According to market analysts, TraxN Technologies Initial Public Offering (IPO) share allotment is likely to take place on Monday, October 17, 2022, while the market intelligence platform will be listed on October 20, 2022, both on NSE and BSE.
The IPO of Tracxn Technologies up to 3,86,72,208 equity shares is in the price range of Rs 75-80 per share. Tracxn Technologies said last week that it has raised a little over Rs 139 crore from anchor investors.
The IPO is expected to fetch Rs 309 crore at the upper end of the price band.
The Bengaluru-headquartered company operates on a software as a service (SaaS) model and is one of the leading market intelligence providers for private company data. Traxon was launched in 2015 by Neha Singh and Abhishek Goyal, who have completed their tenures as venture capitalists at Sequoia and Accel Partners respectively.