TraxN Technologies IPO: Flipkart Founder Backed Public Offer Price 309.38 crore 110 is going to hit the primary markets on October 2022. The three-day bidding for the public offering will close on 12 October 2022. The public offer is proposed for bidding on BSE and NSE and 100 per cent offer for book build issue. Sale (OFS) in nature. Market intelligence data provider company has fixed the price band for Tracxn Technologies IPO 75 to 80 per equity share.
Here we list the important TraxN Technologies IPO Details That you should know before its subscription opening date:
1]TraxN Technologies IPO Price: The company has fixed the price band for the public offer: 75 to 80 per equity share.
2]TraxN Technologies IPO Date: The three-day subscription to the public offering will open on 10 October 2022 and will be open for bidding till 12 October 2022.
3]TraxN Technologies IPO GMP: Shares of Tracxn Technologies Ltd are not yet traded on the gray market. Hence, TraxN Technologies IPO GMP is not available till date.
4]TraxN Technologies IPO Size: The company’s goal is to generate 309.38 crore from its public offer.
5]TraxN Technologies Public Issue: The IPO is a book build issue and is purely OFS in nature.
6]TraxN Technologies IPO Lot Size: One bidder will be able to apply in lot and one lot of public offering will consist of 185 shares of the company.
7]TraxN Technologies Allotment Date: The tentative date for allotment of shares is October 17, 2022.
8]TraxN Technologies IPO Listing: The IPO is proposed to be listed on both BSE and NSE and is likely to be listed on 20 October 2022.
9]TraxN Technologies IPO Registrar: Link Intime India Private Limited has been appointed as the Official Registrar of Public Issues.
10]TraxN Technologies IPO Review: Speaking on the fundamentals of the company, Abhay Doshi, Founder, UnlistedArena.com, said, “Trexon has emerged as a major player in the private market data service provider, providing enterprise grade data curation. The company is based in India. Offers an advantage in operations. Cost effectiveness as compared to its global competitors. The offer is a full OFS and hence the earnings will not be available to the company. The company was making losses till FY22 and posted positive results for 3MFY23 Huh.
On the financial position of the company, the research report by Religare Broking says, “On the financial front, the revenue of the company has grown at a CAGR of 30.4%. Though the revenue has increased, EBITDA and PAT have been negative for the last 2 years. Hence, An investor needs to keep an eye on the financials for FY23.” The Religare Broking report further said, “As on June 30, 2022, the company has a diverse base of 1,139 client accounts spread across 58 countries. These client accounts are for clients that include ‘Fortune 500’ companies and/or their In addition, their global client base helps them limit their reliance on a specific client, industry or geography thereby reducing financial and concentration risk.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
catch all business News, market news, today’s fresh news events and breaking news Updates on Live Mint. download mint news app To get daily market updates.