Tracxn Technologies IPO Detail

Tracxn Technologies IPO opens on October 10 and closes on October 12, 2022. They are planning to raise about Rs 309.38 crore through this public issue.

Tracxn among the leading global market intelligence providers for private company data and rank among the top five globally player in terms of number of companies profiled offering data of private market companies across sectors and geographies. Tracxn Technologies founded in 2013. Tracxn have one of the largest coverage of private companies in emerging technology sectors including IoT, artificial intelligence, virtual reality, robotics, blockchain and electric vehicles.

Tracxn have an asset light business model and operate a Software as a Service (“SaaS”)-based platform, Tracxn, that scanned over 550 million web domains, and profiled over 1.4 million entities across 1,805 Feeds categorized across industries, sectors, sub-sectors, geographies, affiliations and networks globally, as of May 31, 2021.his platform has 2,358 Users across 855 Customer Accounts in over 50 countries, as of March 31, 2021.

Financial Highlights

Year	FY 2022	FY 2021	FY 2020
Total Assets	54.01	48.46	52.38
Total Revenue	65.16	55.74	6.31
Profit After Tax	-4.852	-4.152	-54.826

Tracxn Technologies IPO – Detail

According to the DRHP filed by the company with SEBI, they are planning to raise about Rs 309.38 crores through this public issue. IPO opens on October 10 and closes on October 12, 2022.

Issue Type	Book Built Issue IPO
IPO Price	Rs 75 to Rs 80
Face Value	Rs 1 per share
Market Lot	185 shares
Issue size	38,672,208 shares of Rs 1 (Aggregating up to Rs 309.38 Crore)
Fresh Issue	38,672,208 shares of Rs 1 (Aggregating up to Rs 309.38 Crore)
QIB Shares Offered	Not less than 75% of the Offer
NII (HNI) Shares Offered	Not more than 15% of the Offer
Retail Shares Offered	Not more than 10% of the Offer
Listing At	NSE, BSE
Promoters	Neha Singh Abhishek Goyal

Also read: Frog Cellsat IPO details

Important Date

IPO opens on	Oct 10, 2022
IPO closes on	Oct 12, 2022
Basis of Allotment publication date	Oct 17, 2022
Credit of shares to Demat Account	Oct 19, 2022
Initiation of Refund	Oct 18, 2022
IPO listing	Oct 20, 2022

Tracxn Technologies IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	185	Rs 14,800
Retail (Max)	13	2405	Rs 1,92,400

Promoters Holding

Pre Issue Share Holding	50.93%
Post Issue Share Holding	–

Tracxn Technologies IPO – Noteworthy Highlights

• Within a short span of time, Tracxn has grown to be one of the major players in the private market data service provider space. The company tracks more than 1.40 million companies with approximately 1200 companies added every day to its repository of companies. Tracxn also covers over 1800 feeds along with 3.0 million (as of May 2021) news and event tracking and also generates more than 5000 reports every year.
• Tracxn provides Enterprise-grade Data Curation for high-paid professionals, deeper coverage of new age companies, deeper sector coverage, richer company taxonomy, detailed competition set, financials and much more.
• Also, since most of the workforce of Tracxn operates out of India, the company, by default has a cost advantage over its competitors based out of countries like USA. As per data we know, remuneration in services profession in India is almost 10 times lower than that of US and hence this is highly advantageous for private data provider companies like Tracxn.

Tracxn Technologies IPO – SWOT Analysis

STRENGTH

1. High tech platform that has been developed with continuous research.
2. Emerging tech companies tracking (which most of other players do not offer)
3. Accurate data building and deeper insight generation.
4. Cost advantage as most of company’s workforce is based in India.

WEAKNESS

1. Lesser play in regions like North America.
2. Fairly new in the industry.

OPPORTUNITIES

1. Further increasing its market share in regions like APAC which are high growth areas for private market.
2. Investing further on technology platform that can provide meaningful insights.
3. Furthering its tech market tracking platform which is unique by its nature.

THREATS

The company faces stiff competition from

A) Free online and offline sources of information on companies and businesses, including government records, company websites, and open online databases, which offer database for free as well as for subscription.

B) Current and potential customers’ internal and home-grown company databases; other providers of third-party company attributes, technology attributes, and business contact information; other providers of online private companies, market information databases and platforms.

Miscellaneous Information

Download Prospectus	Tracxn IPO DRHP
Company Contact Information	Tracxn Technologies Limited 48, First Floor, DVG Road, Basavangudi, Bengaluru – 560 004, Karnataka, India Phone: +91 90360 90116 Email: [email protected] Website: https://tracxn.com/
IPO Registrar	Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: [email protected] Website: https://linkintime.co.in/
IPO Lead Manager	IIFL Securities Ltd

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