Tracxn Technologies was incorporated on August 11, 2012. The company offers private company data for deal sourcing, identifying M&A targets, due diligence, analysis and tracking emerging themes across industries and markets through its subscription-based platform, Tracxn.
| Bidding Dates |
|---|
| 10 Oct 2022 - 12 Oct 2022 |
| Subscription |
|---|
| 2.01x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,800 | 1 | 13 | 185 | 38.7 M | ₹75 - ₹80 | 61.45 % | ₹2900.4 M - ₹3093.8 M | RHP DOC |
Tracxn Technologies IPO SUBSCRIPTION STATUS
12 Oct '22Tracxn Technologies IPO overall subscription rate was 2.01 times the total available shares
Tracxn Technologies IPO retail subscription rate was 4.87 times in the retail segment
Tracxn Technologies IPO non-institutional investor subscription rate was 0.8 times in the non-institutional investor category
Tracxn Technologies IPO Qualified Institutional Bidder subscription rate was 1.66 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
12 Oct 2022 (Day 3) | 4.87x | 0.8x | 1.66x |
11 Oct 2022 (Day 2) | 2.6x | 0.25x | 0x |
10 Oct 2022 (Day 1) | 1.23x | 0.04x | 0x |
Tracxn Technologies FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| Q1FY23 | 8.4 | 184.0 | 15.7 | 14.7 |
| Q1FY22 | -7.2 | 149.7 | 11.4 | 11.4 |
| FY22 | -48.5 | 634.5 | 5.6 | 4.0 |
| FY21 | -53.5 | 437.8 | -60.6 | -60.5 |
| FY20 | -540.3 | 373.3 | -153.9 | -154.1 |
Tracxn Technologies IPO SUBSCRIPTION STATUS DETAILS
Tracxn Technologies had 38.7 M shares on offer
Tracxn Technologies IPO offer price was in the range ₹75 - ₹80
Tracxn Technologies IPO minimum Investment was ₹14800
Tracxn Technologies IPO issue size was ₹ 2900.4 M - ₹ 3093.8 M
Tracxn Technologies had a minimum lot size of 185 Shares per application
Tracxn Technologies NUMBER OF SHARES ON OFFER
Tracxn Technologies IPO IMPORTANT DATES
| Issue Open Date | 10 Oct 2022 |
| Issue close Date | 12 Oct 2022 |
| Allotment Date | 17 Oct 2022 |
| Refund Date | 18 Oct 2022 |
| Demat Account Credit Date | 19 Oct 2022 |
| Listing Date | 20 Oct 2022 |
| Listing on Exchange(s) | NSE and BSE |
| Tracxn Technologies Allotment Status | Exchange |
Tracxn Technologies IPO subscription opened on 10 Oct 2022, and closed on 12 Oct 2022
IPO allotment for Tracxn Technologies was finalized on Monday, 17 Oct 2022
IPO listing for Tracxn Technologies was on NSE and BSE on Thursday, 20 Oct 2022
Tracxn Technologies IPO LISTING GAINS
| Issue Price (adjusted) | 80.0 |
| Listing Open Price | 84.5 |
| Listing Close Price | 93.3 |
| Listing Gain% | 5.6% |
| Current Gain% | -62.5% |
Tracxn Technologies Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tracxn Technologies Ltd. | 30 | 300.6 | -26.7 | 1.1 | 3.8 | -15 | -8 | 90.1 | -0.3 | -7.9 | 17.3 | -1.1 | -23.9 |
| Tata Consultancy Services Ltd. | 2452.7 | 887408.3 | 17.8 | 16.7 | 3.2 | 45.9 | 27 | 271423 | 4.7 | 49210 | 1.4 | 137.6 | 1.1 |
| Infosys Ltd. | 1175.1 | 476862.2 | 15.7 | 1.4 | 2.6 | 31.7 | 18.9 | 182972 | 9.8 | 29440 | 10.2 | 74.6 | 11.1 |
| HCL Technologies Ltd. | 1356.6 | 368135.8 | 21.1 | 8 | 2.7 | 22.1 | 14.3 | 131674 | 10.2 | 16642 | -4.3 | 64.2 | 2.6 |
| Wipro Ltd. | 187.5 | 185737.1 | 14.1 | -7.8 | 2 | 15 | 9.3 | 96497.7 | 3.8 | 13197.4 | 0.5 | 13.3 | -1.8 |
| Tech Mahindra Ltd. | 1635 | 160243.9 | 31.2 | 2.4 | 2.7 | 16.2 | 9.7 | 56847.3 | 5.6 | 4810.9 | 13.2 | 52.4 | 13.1 |
Tracxn Technologies INFORMATION ON IPO ISSUE
About Tracxn Technologies
Tracxn Technologies was incorporated on August 11, 2012. The company offers private company data for deal sourcing, identifying M&A targets, due diligence, analysis and tracking emerging themes across industries and markets through its subscription-based platform, Tracxn.
Object of the Issue
- To achieve the benefits of listing the equity shares on the stock exchanges and the sale of up to 3,86,72,208 equity shares by the selling shareholders
Tracxn Technologies - PROMOTERS
| Name |
|---|
| Neha Singh |
| Abhishek Goyal |
Tracxn Technologies Book Running Lead Manager
IIFL Securities Limited
tracxn.ipo@iiflcap.com
Tracxn Technologies Registrar to the Offer
Link Intime India Private Limited
tracxn.ipo@linkintime.co.in
Tracxn Technologies Strengths
Leading global provider
The company is among the leading private market intelligence providers for private companies' data, globally and ranks among the top five players in terms of the number of companies profiled. It is one of the few companies that offer private market data across sectors and geographies.
Diverse, longstanding and growing global customer base
The company has a diverse base of 855 customer accounts present in over 50 countries, as of March 31, 2021. Its customer account base has increased by 384 customer accounts at a CAGR of 34.73% in the last three years.
Scalable and secure technology platform
The company's platform is based on a combination of technology and human analysts. It is able to process vast amounts of data through this combo.
Significant cost advantage
While it is an Indian SaaS company platform, Tracxn serves customers globally. Its ability to develop and deploy the platform in India provides it with significant cost advantages.
Tracxn Technologies Risks
Subscription based income
The company derives all of its revenues from operations from subscriptions by customers of the Tracxn platform.
Competitive industry
The company faces competition and could lose market share to competitors, which could adversely affect business, financial condition, and results of operations.
Dependent on brand value
The brand is integral to success and if the company fails to effectively maintain, promote and enhance the brand, business and competitive advantage may be harmed.
IPO FAQs
This IPO consists of an offer for sale of up to Rs 309.4 crore, of 38,672,208 shares.
The promoters of the company are Neha Singh and Abhishek Goyal.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 75.0 - 80.0.
The IPO application opens on Oct 10, 2022 and closes on Oct 12, 2022.
The minimum lot size for the IPO is 185. The maximum lot size for the IPO is 2405.
For all category investors, the minimum application amount for this IPO is Rs. 14,800.0, the maximum value for this IPO is Rs 192,400.0.
This IPO will be allotted on Oct 17, 2022.
The refund will be credited to your account on Oct 18, 2022.
The allotted shares will be credited to your demat on Oct 19, 2022.
Tracxn Technologies Ltd.’s shares listed on the stock exchanges on Oct 20, 2022.