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
- High tech platform that has been developed with continuous research.
- Emerging tech companies tracking (which most of other players do not offer)
- Accurate data building and deeper insight generation.
- Cost advantage as most of company’s workforce is based in India.
WEAKNESS
- Lesser play in regions like North America.
- Fairly new in the industry.
OPPORTUNITIES
- Further increasing its market share in regions like APAC which are high growth areas for private market.
- Investing further on technology platform that can provide meaningful insights.
- 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: compliance-officer@tracxn.com Website: https://tracxn.com/ |
| IPO Registrar | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: tracxn.ipo@linkintime.co.in Website: https://linkintime.co.in/ |
| IPO Lead Manager | IIFL Securities Ltd |
FAQ
What is the lot size of Tracxn Technologies IPO?
The Lot size of Tracxn Technologies IPO is 185 shares.
When Tracxn Technologies Limited IPO allotment?
On October 17, 2022 Tracxn Technologies IPO allotment.
