Tracxn Technologies IPO: Check Details, IPO Price, IPO Size | Espresso

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Tracxn Technologies Limited IPO to Open on Oct 10: Check IPO Details, Issue Date, Price

October 07, 2022
Tracxn Technologies Limited IPO to Open on Oct 10: Check IPO Details, Issue Date, Price

Tracxn Technologies Limited is coming out with a fresh public issue to raise Rs 309 crores from the market.

Below are the details of the Harsha Engineers International Limited IPO:

  • Issue opens – Oct 10 (Monday)
  • Issue closes – Oct 12 (Wednesday)
  • Issue size – Rs 755 crores
  • Price band – Rs 75 to 80 per equity share
  • Bid lot – 185 shares and in multiples thereof

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And here are some details of the company and further details on the Tracxn Technologies Limited issue.

Company details:

·    Tracxn Technologies Limited are among the leading global market intelligence providers for private company data and rank among the top five players globally in terms of number of companies profiled offering data of private market companies across sectors and geographies (Source: Company Commissioned F&S Report).

·    They have one of the largest coverage of private companies in emerging technology sectors including IoT, artificial intelligence, virtual reality, robotics, blockchain and electric vehicles (Source: Company Commissioned F&S Report). They have an asset light business model and operate a Software as a Service (“SaaS”)-based platform, Tracxn, that scanned over 662 million web domains, and profiled over 1.84 million entities across 2,003 Feeds categorized across industries, sectors, subsectors, geographies, affiliations and networks globally, as of June 30, 2022. Their platform has 3,271 Users across 1,139 Customer Accounts in over 58 countries, as of June 30, 2022. Their Customers include a number of Fortune 500 companies and/or their affiliates.

·    Their extensive global database of entities coupled with customized solutions and features allows customers to source and track companies across sectors and geographies to address their requirements. They are among the few private market data service providers in the world to have a proprietary taxonomy for technology sector companies and prepare market maps (Source: Company Commissioned F&S Report).

·    They have a geographically diversified Customer Account base comprising

(i) Private market investors and investment banks viz., venture capital and private equity investors, investment banks,

(ii) corporates across industries, and

    (iii) others including government agencies, universities, accelerators and incubators.

Issue break-up:

  • QIB – 75% of the offer – Rs 232 crores
  • NIB – 15% of the offer – Rs 46 crores
  • RET – 10% of the offer – Rs 31 crores

Listing:

BSE and NSE

Registrar:

Link Intime India Private Limited

UPI:

All Retail & NII bidders' (bids up to Rs 5,00,000) applications through brokers are compulsorily in UPI Mode

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