Bookbuilding IPO | ₹45 Cr | Listing at BSE SME | Tue, Sep 10, 2024 - Thu, Sep 12, 2024
Trafiksol ITS Technologies IPO is a book build issue of ₹44.87 crores. The issue is entirely a fresh issue of 0.64 crore shares of ₹44.87 crore.
Trafiksol ITS Technologies IPO bidding started from Sep 10, 2024 and ended on Sep 12, 2024. The allotment for Trafiksol ITS Technologies IPO was finalized on Sep 13, 2024.
Trafiksol ITS Technologies IPO is set final issue price at ₹70 per share. The lot size for an application is 2,000 shares. The minimum amount of investment required by an individual investor (retail) is ₹1,40,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,80,000.
Ekadrisht Capital Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is SS Corporate Securities Ltd.
Refer to Trafiksol ITS Technologies IPO RHP for detailed Information.
IPO Open
Tue, Sep 10, 2024
IPO Close
Thu, Sep 12, 2024
Issue Price
₹70 per share
Market Cap (Pre-IPO)
₹170.34 Cr
| IPO Date | 10 to 12 Sep, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹66 to ₹70 |
| Issue Price | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 64,10,000 shares (agg. up to ₹45 Cr) |
| Reserved for Market Maker | 3,22,000 shares SS Corporate Securities Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 60,88,000 shares (agg. up to ₹43 Cr) |
| Net Offered to Public | 60,88,000 shares (agg. up to ₹43 Cr) |
| Share Holding Pre Issue | 1,79,25,000 shares |
| Share Holding Post Issue | 2,43,35,000 shares |
Trafiksol ITS Technologies IPO comprises a total issue size of 45,88,000 shares. The net offer to the public is 42,66,000 shares, after excluding 3,22,000 shares allotted on a firm basis. Of the Net offer 30,40,000 (49.93%) are allocated to QIB, 9,14,000 (15.01%) allocated to NII 21,34,000 (35.05%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 30,40,000 | 49.93% | 66.26% |
| − Anchor Investor Shares Offered | 18,22,000 | 39.71% | |
| − QIB (Ex. Anchor) Shares Offered | 12,18,000 | 26.55% | |
| NII (HNI) Shares Offered | 9,14,000 | 15.01% | 19.92% |
| Retail Shares Offered | 21,34,000 | 35.05% | 46.51% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,22,000 | 7.02% | |
| Total Shares Offered | 45,88,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,40,000 |
| Retail (Max) | 1 | 2,000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
Trafiksol ITS Technologies IPO raises ₹12.75 crore from anchor investors. Trafiksol ITS Technologies IPO Anchor bid date is September 9, 2024.
| Bid Date | Mon, Sep 9, 2024 |
| Shares Offered | 18,22,000 |
| Anchor Portion (₹ Cr.) | 12.75 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Oct 13, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Dec 12, 2024 |
TrafikSol ITS Technologies Limited was founded in 2018 and provides comprehensive intelligent transportation systems (ITS) and automation solutions, including software development, consulting and delivery services.
The company offers ready-made and customized software solutions, operating systems, business applications and computer games for all platforms. The company focuses on analyzing user needs and problems to deliver customized software solutions, including tailor-made software and ongoing maintenance.
Trafiksol is a specialized EPC (Engineering, Procurement and Construction) company that carries out a variety of projects in areas such as Advanced Traffic Management Systems (ATMS), Toll Management Systems (TMS) and Tunnel Management Systems.
The company's list of services and solutions includes:
Competitive strengths:
As of March 31, 2024, the company had a total of 104 permanent employees in various departments.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 62.16 | 33.63 | 22.84 |
| Total Income | 66.09 | 36.75 | 28.02 |
| Profit After Tax | 12.09 | 4.78 | 2.05 |
| NET Worth | 34.13 | 12.09 | 7.31 |
| Reserves and Surplus | 16.20 | 11.99 | 7.21 |
| Total Borrowing | 10.50 | 7.99 | 5.06 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Paramatrix Technologies Ltd. | SME | ₹33.84 Cr | ₹110 | 23.3 | ₹120.80 | +9.82% | ₹61.00 (+1.67%) |
| S A Tech Software India Ltd. | SME | ₹23.01 Cr | ₹59 | 14.65 | ₹117.70 | +99.49% | ₹34.00 (+0.59%) |
| TAC Infosec Ltd. | SME | ₹29.99 Cr | ₹106 | 15.98 | ₹304.50 | +187.26% | ₹487.25 (+1.09%) |
| DelaPlex Ltd. | SME | ₹46.08 Cr | ₹192 | 17.75 | ₹324.45 | +68.98% | ₹101.95 (+3.98%) |
| Trident Techlabs Ltd. | SME | ₹16.03 Cr | ₹35 | 7.42 | ₹103.05 | +194.43% | ₹139.55 (-4.97%) |
| Micropro Software Solutions Ltd. | SME | ₹30.70 Cr | ₹81 | 0.34 | ₹76.00 | -6.17% | ₹20.20 (+5.21%) |
| Canarys Automations Ltd. | SME | ₹47.03 Cr | ₹31 | 15.82 | ₹41.30 | +33.23% | ₹18.75 (-0.27%) |
| Kody Technolab Ltd. | SME | ₹27.52 Cr | ₹160 | 22.66 | ₹178.50 | +11.56% | ₹1,278.95 (-0.66%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of Software | 17.70 |
| 2 | Repayment/prepayment, in part or full, of certain of the borrowings | 5.50 |
| 3 | To Meet Working Capital Requirements | 10.40 |
| 4 | General Corporate Purposes | 8.28 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 52.12% |
| ROCE | 42.47% |
| Debt/Equity | 0.31 |
| RoNW | 35.44% |
| PAT Margin | 18.38% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.75 | 4.97 |
| P/E (x) | 10.38 | 14.09 |
| Promoter Holding | 60.71% | 44.72% |
| Market Cap | ₹170.34 Cr. |
The Trafiksol ITS Technologies IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| Total | - | - | - | - |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead manager fees including underwriting Commission and Marketing Fees. | 2.45 |
| 2 | Brokerage, selling commission and upload fees. | 0.01 |
| 3 | Registrar to the Issue. | 0.15 |
| 4 | Legal Advisors. | 0.03 |
| 5 | Advertising and Printing expenses. | 0.10 |
| 6 | Regulators including stock exchanges. | 0.04 |
| 7 | Others, if any (Market Making, Depositories, Marketing fees, Secretarial, Consultancy, Advisors, Peer Review Auditors, etc.) | 0.22 |
Update to the Notice
SEBI Passes Order In The Matter Of Trafiksol ITS Technologies
Findings Of SEBI Investigation
• Intent Of Diversion Of Funds Through Misleading Objects Of The Issue
• Misstatement Of Financial Statements Disclosed In Prospectus
• Concealment Of Material Fact In The Prospectus
SEBI Order: Trafiksol Directed To Refund The Money Paid By The Investors Allotted Shares In IPO Within 1 Week
| BSE Notice No | Subject |
|---|---|
|
20241011-30 |
Update on the Listing of Equity Shares of Trafiksol ITS Technologies Limited |
|
20241001-9 |
Update on the Listing of Equity Shares of Trafiksol ITS Technologies Limited. |
|
20240917-1 |
Postponement in Listing of Equity Shares of Trafiksol ITS Technologies Limited. |
Trafiksol ITS Technologies IPO: Notice regarding the postponement in the listing of Equity Shares.
Date Posted: 23 September 2024
Trafiksol ITS Technologies sincerely apologizes for any inconvenience caused due to the ongoing process of the IPO.
The company have received a notice from the BSE, vide notice no. 20240917-1, regarding the postponement in the listing of equity shares of Trafiksol ITS Technologies Limited.
It has come to the company's attention that some shareholders are seeking a refund of their investments. However, please be informed that they have not received any official instructions from the regulatory authority regarding such refunds.
For the latest updates on the IPO, kindly visit the BSE website at
https://www.bseindia.com/
https://www.bsesme.com/
BSE Notice No:-20240917-1
Notice date: Tuesday, September 17, 2024
Subject: Postponement in Listing of Equity Shares of Trafiksol ITS Technologies Limited.
This is in continuation to Notice No-20240916-68 dated Monday, September 16, 2024, of TRAFIKSOL ITS TECHNOLOGIES LIMITED Scrip Code (544255). It is hereby notified that in view of certain queries that have been raised ,the listing for trading of the scrip is postponed till queries are resolved by the issuer.
Market participants may please note the same.
Hardik Bhuta
Assistant General Manager
Tuesday, September 17, 2024
Lead Manager Reports
Trafiksol ITS Technologies IPO is a SME IPO of 64,10,000 equity shares of the face value of ₹10 aggregating up to ₹45 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Sep 10, 2024, and closes on Thu, Sep 12, 2024.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Trafiksol ITS Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Trafiksol ITS Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Trafiksol ITS Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Trafiksol ITS Technologies IPO opens on Tue, Sep 10, 2024 and closes on Thu, Sep 12, 2024.
Trafiksol ITS Technologies IPO lot size is 2000, and the minimum amount required for application is ₹1,40,000.
You can apply in Trafiksol ITS Technologies IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Trafiksol ITS Technologies IPO will be done on Friday, September 13, 2024, and the allotted shares will be credited to your demat account by Mon, Sep 16, 2024. Check the Trafiksol ITS Technologies IPO allotment status.
The Trafiksol ITS Technologies IPO listing date is not yet announced. The tentative date of listing is .
