Tracxn Technologies IPO- Should you Invest or avoid ?

Tracxn Technologies IPO  is coming up with an IPO, which would open for subscription on 10th October, 2022. 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.. Should you invest inTracxn Technologies IPO? What is Tracxn Technologies IPO GMP today? In this article we would provide Tracxn Technologies IPO Review with detailed analysis.

About Tracxn Technologies

Incorporated in 2012 under the name Tracxn Technologies Private Limited, the business changed its name to Tracxn Technologies Limited in 2021. The business is a global leader in providing market intelligence data to private firms. They are the biggest platform in the world for monitoring startups, privately held businesses, and newly emerging innovative industries. The platform offered by Tracxn is powered by artificial intelligence and big data technology that goes through the company’s data points and includes the pertinent information. The sector-focused analyst staff, which has over 100 members, further increases the platform data’s relevancy.

As of June 30, 2022, the company had 3,271 users spread across 1,139 Customer Accounts in more than 58 countries, and its clients included a number of Fortune 500 companies and/or their affiliates.

Through its Tracxn platform, the business makes private corporate data available to its clients for a variety of purposes, including deal sourcing, target identification for M&A transactions, deal diligence, analysis, and tracking new market and industry trends.

Tracxn Technologies IPO Details 

Subscription Dates 10 – 12 October 2022
Price Band INR 75 – 80 per share
Fresh issue NIL
Offer For Sale 38,672,208 shares (INR 290.04 – 309.38 crore)
Total IPO size 38,672,208 shares (INR 290.04 – 309.38 crore)
Minimum bid (lot size) 185 shares (INR 14,800)
Face Value  INR 1 per share
Retail Allocation 10%
Listing On NSE, BSE

Competitive strengths of Tracxn Technologies

1- One of the top suppliers of market intelligence data to private businesses worldwide
2-broad, enduring, and expanding group of customers worldwide
3-scalable, secure, and internally created technology platform
4-Significant cost benefits from operations in India
5- Board of directors, senior management team, and experienced promoters supported by prestigious investors

Electronics mart IPO – Check details here 

Objective of Tracxn Technologies IPO 

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 Market LOT 

The Tracxn IPO minimum market lot is 185 shares with ₹14,800 application amount. The retail investors can apply up-to 13 lots with 2405 shares or ₹192,400 amount.

Minimum Lot Size: Minimum 185 Shares for 1 lot
Minimum Amount: ₹14,800 for 1 lot
Maximum Lot Size: Maximum 2405 Shares for 13 lot
Maximum Amount: ₹192,400 for 13 lot

Tracxn Technologies IPO Timeline

The closing date for the Tracxn IPO is October 12, and the IPO date is October 10. On October 17, the Tracxn IPO allotment will be finalised, and on October 20, the IPO listing, will take place.

Price Band Announcement: October 4, 2022
Anchor Investors Allotment: October 7, 2022
Tracxn IPO Open Date: October 10, 2022
Tracxn IPO Close Date: October 12, 2022
Basis of Allotment: October 17, 2022
Refunds: October 18, 2022
Credit to Demat Account: October 19, 2022
Tracxn IPO Listing Date: October 20, 2022

Tracxn Technologies IPO GMP –  Follow our facebook page to get daily updates on GMP

Tracxn Technologies Financial Details 

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

Tracxn IPO Allotment status

Check Tracxn IPO allotment status on Linkintime website allotment URL. Click Here

How to buy Tracxn IPO online through Zerodha 

You can login to your demat account, visit the IPO section and apply for this IPO during the subscription dates.

You can also apply this IPO on Zerodha. If you do not have Zerodha account, sign-up here and proceed to the next step. You can also apply here to open free demat account with DHAN.

Zerodha customers can apply in this IPO by login into Zerodha Console submitting an IPO application form.

Follow below steps to apply this IPO in Zerodha platform:

1) Visit the Zerodha portal and login to the console.

2) Go to Portfolio and click the IPOs link.

3) Visit ‘Electronics Mart India IPO’ row and click the ‘Bid’ button.

4) Enter your UPI ID, Qty and the Price which you want to bid.

5) Click on ‘Submit’ IPO application form.

6) Visit the UPI App (net banking or BHIM) to approve the mandate

Tracxn Technologies IPO Registrar

Link Intime India Private Limited
C 101, 247 Park L.B.S. Marg
Vikhroli (West), Mumbai 400 083
Maharashtra, India
Telephone: +91 22 4918 6200
E-mail: [email protected]
Investor grievance e-mail: [email protected]
Contact Person: Shanti Gopalkrishnan

Company Contact Information 

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

Tracxn Technologies IPO Apply or Avoid 

You can apply only for Listing gains. keep check on GMP . Apart from that company revenue doesn’t show strong potential for long term also. Only objective of this IPO is to sell shares .company has no plan for further growth with this money.

Tracxn Technologies IPO

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