Tracxn Technologies Limited IPO (Tracxn Technologies IPO) Detail

Oct 10, 2022 - Oct 12, 2022

Founded in 2013, Tracxn Technologies provides market intelligence data for private companies. The company's extensive global database and customized solutions and features allow its customers to source and track companies across sectors and geographies to address their requirements.

The company is ranked among the top five players globally in terms of the number of companies profiled offering data on private market companies across sectors and geographies. The company has an asset light business model and operate a Software as a Service ("SaaS")-based platform, Tracxn, that scanned over 662 million web domains, and profiled over 1.84 million entities across 2,003 Feeds categorized across industries, sectors, sub-sectors, geographies, affiliations and networks globally, as of May 31, 2021.

The company has 3,271 users across 1,139 Customer Accounts in over 58 countries, as of June 30, 2022, and its customers include several Fortune 500 companies and/or their affiliates.

The company offers private company data to its customers for deal sourcing, identifying M&A targets, deal diligence, analysis, and tracking emerging themes across industries and markets, among other uses, through its Tracxn platform.

Competitive Strengths:

  • One of the leading providers of market intelligence data for private companies globally
  • Diverse, longstanding, and growing global customer base
  • In-house developed, scalable, and secure technology platform
  • Significant cost advantages from India-based operations
  • Experienced promoters, board of directors, and senior management team backed by marquee investors

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Crore)
  30-Jun-22 30-Jun-21 31-Mar-22 31-Mar-21 31-Mar-20
Total Assets 56.78 49.93 54.01 48.46 52.38
Total Revenue 19.08 15.44 65.16 55.74 6.31
Profit After Tax 0.923 -0.837775 -4.852 -4.152 -54.826
Net Worth 22.98 22.04 20.64 22.22 -135.24
Reserves and surplus 12.95 21.14 10.61 21.32 -135.44

Objects of the Issue

To achieve the benefits of listing the equity shares on the Stock Exchanges and the sale of up to 38,672,208 Equity Shares by the selling shareholders

Tracxn Technologies IPO Details

IPO Date Oct 10, 2022 to Oct 12, 2022
Listing Date Thursday, October 20, 2022
Face Value ₹1 per share
Price ₹75 to ₹80 per share
Lot Size 185 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 Type Book Built Issue IPO
Listing At BSE, NSE
QIB Shares OfferedNot less than 75% of the Offer
NII (HNI) Shares OfferedNot more than 15% of the Offer
Retail Shares OfferedNot more than 10% of the Offer
Company Promoters

Neha Singh and Abhishek Goyal are the company promoters.

Tracxn Technologies IPO Tentative Timetable

Tracxn Technologies IPO opens on Oct 10, 2022, and closes on Oct 12, 2022. The Tracxn Technologies IPO bid date is from Oct 10, 2022 10.00 A.M. to Oct 12, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Oct 10, 2022
Closing Date Oct 12, 2022
Basis of Allotment Oct 17, 2022
Initiation of Refunds Oct 18, 2022
Credit of Shares to Demat Oct 19, 2022
Listing Date Oct 20, 2022

Tracxn Technologies IPO Lot Size

The Tracxn Technologies IPO lot size is 185 shares. A retail-individual investor can apply for up to 13 lots (2405 shares or ₹192,400).

Application Lots Shares Amount
Retail (Min) 1 185 ₹14,800
Retail (Max) 13 2405 ₹192,400

Tracxn Technologies IPO Promoter Holding

Pre Issue Share Holding 50.93%
Post Issue Share Holding 35.65%

Tracxn Technologies IPO Review

TTL has posted annual losses till the last fiscals. Its financial data in Rupees Thousand appears to be an eyewash. Based on FY23-Q1 earnings, the issue is greedily priced discounting all near-term positives. This being a pure long-term bet, investors may wait to buy at a discount post-listing as it may take some time to wipe out carried forward losses. There is no harm in skipping this pricy bet. Read detail review...

Tracxn Technologies IPO Subscription Status (Bidding Detail)

The Tracxn Technologies IPO is subscribed 2.01 times on Oct 12, 2022 7:00:00 PM. The public issue subscribed 4.87 times in the retail category, 1.66 times in the QIB category, and 0.80 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
    bNII (bids above ₹10L)0.72
    sNII (bids below ₹10L)0.94

Tracxn Technologies IPO Prospectus

Tracxn Technologies IPO Rating

Rating:Rated 3.2 stars
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Tracxn Technologies IPO Listing Date

Listing Date Thursday, October 20, 2022
BSE Script Code 543638
Listing In B Group of Securities
IPO Price ₹80 per share
Face Value ₹1 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Tracxn Technologies Limited
48, First Floor, DVG Road,
Basavangudi, Bengaluru – 560 004,
Karnataka, India
Phone: +91 90360 90116

Tracxn Technologies IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Tracxn Technologies IPO FAQs

Tracxn Technologies IPO is a main-board IPO of 38,672,208 equity shares of the face value of ₹1 aggregating up to ₹309.38 Crores. The issue is priced at ₹75 to ₹80 per share. The minimum order quantity is 185 Shares.

The IPO opens on Oct 10, 2022, and closes on Oct 12, 2022.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Tracxn Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Tracxn Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Tracxn Technologies IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Tracxn Technologies IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Tracxn Technologies IPO opens on Oct 10, 2022 and closes on Oct 12, 2022.

Tracxn Technologies IPO lot size is 185 Shares and the minimum order quantity is .

You can apply in Tracxn Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Tracxn Technologies IPO will be done on Oct 17, 2022, and the allotted shares will be credited to your demat account by Oct 19, 2022. Check the Tracxn Technologies IPO allotment status.

The Tracxn Technologies IPO listing date is on Thursday, October 20, 2022.
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