Tracxn Technologies Limited IPO Details

 

Tracxn Technologies Limited IPO Details

 

Tracxn Technologies IPO

Offer period

Oct 10, 2022 to Oct 12, 2022

Price Band

₹75 to ₹80 per share

Lot Size

185 Shares

Issue Size

₹309.38 Cr

Allotment Date

Oct 17, 2022

Listing Date

Oct 20, 2022

 

Tracxn Technologies - Business Overview

Established in 2013, Tracxn Technologies offers market intelligence data of private businesses to their customers. It is ranked amongst the top 5 plates globally in terms of companies offering data on private market companies across sectors and geographies. The company operates a SaaS based platform and has an asset light business model.

Tracxn 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.

From deal sourcing and identifying M&A targets to deal diligence and analysis - the company offers a variety of services through its subscription based model through its Tracxn platform.

Backed by Flipkart founder Accel. and Sequoia Capital Tracxn has scanned over 662 million web domains, and profiled over 1.84 million entities across 2,003 Feeds categorised across industries, sectors, sub-sectors, geographies, affiliations and networks globally, as of May 31, 2021.

 

Tracxn Technologies - Objectives of the IPO

The issue's major goals are to complete the sale of up to 38,672,208 equity shares and to benefit from the equity shares' listing on stock exchanges.

 

Tracxn Technologies - Financial Summary

 

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 Technologies IPO - Pros
  1. One of the world's top providers of unique private market data and intelligence.

  2. A diverse, enduring, and expanding base of international clients.

  3. Developed internally, a scalable, and secure technological platform.

  4. Significant cost benefits of operations in India.

 

Tracxn Technologies IPO - Cons
  1. Inability to bring in new customers, keep existing ones, or add more users to existing customer accounts

  2. Customers' platform subscriptions generate money from operations; as a result, if they don't renew their subscriptions, their revenues will suffer.

  3. Delays or issues with the platform's or the company's performance

  4. If accurate, complete, or reliable data cannot be obtained and maintained, demand for the platform and services may decline.

  5. The use of open-source software could expose the business to legal claims contesting the ownership of the software and compliance with the provisions of the open-source license.

 
How to Apply for Tracxn Technologies Limited IPO
  1. Go to https://ipo.adityatrading.in/

  2. Enter your client ID

  3. Enter the OTP received in your registered mobile number.

  4. Choose the IPO and click on apply button.

  5. Enter the UPI ID, Quantity, and Cut off price.

  6. Click on submit button

  7. Confirm the mandate the mandate request received on your phone by entering the UPI Pin.

  8. You can also watch our youtube video on “How to Apply on IPO”

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This report is only for the information of our customers. Recommendations, opinions, or suggestions are given with the understanding that readers acting on this information assume all risks involved. The information provided herein is not to be construed as an offer to buy or sell securities of any kind. ATS and/or its group companies do not as assume any responsibility or liability resulting from the use of such information.

 

 

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