Tracxn Technologies Limited
listed
₹13,875Min. investment
About Tracxn Technologies Limited
Issue size
₹309Cr
IPO type
Mainboard
Price range
₹75.00 – ₹80.00
Lot size
185 shares
RHP/DRHP
Read
Price range₹75.00 – ₹80.00
IPO type
Regular
Lot size185 shares
Issue size₹309Cr
RHP/DRHP
Read
Checklist
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial
health at a glance and identify quality investment opportunities easily
How to check the Tracxn Technologies **** IPO allotment status?
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. This is also true in the case of the Tracxn Technologies IPO.
The Tracxn Technologies IPO’s closing date is 12 October 2022. The Tracxn Technologies IPO’s allotment date has been set five days later, on 17 October 2022.
Here’s a step-by-step guide on how to check the Tracxn Technologies IPO allotment status:
- Login to your Upstox account, using your six-digit PIN
- After successfully logging in, click on ‘Discover’
- On the Discover page, you will find the ‘Invest in IPO’ section
- Under the Invest in IPO section, you will find the ‘View all’ option
- Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
- In the ‘IPO’ tab, click on ‘My applications’
- In ‘My applications’, under the History section, your allotment status will be mentioned
About Tracxn Technologies IPO
When Neha Singh was working with Sequoia Capital, she realised that the private markets were becoming larger and important to track. She wished that a platform existed which could track the data in the private markets. Hence, in 2012, she co-founded Tracxn Technologies, a market intelligence provider which keeps track of private companies’ data.
Cut to 2022, Tracxn Technologies is one of the major players in the private market data service providers space. The company tracks more than 18 lakh companies with approximately 1,200 companies added every day to its repository. It also covers over 2,000 feeds across industries, sectors, sub-sectors, geographies, affiliations and networks globally.
From deal sourcing and identifying M&A targets to deal diligence, analysis and tracking emerging themes – the company offers various services through its subscription-based platform Tracxn.
Now this software as a service-based platform is launching the Tracxn Technologies IPO. The Tracxn Technologies IPO Ltd is completely an offer for sale.
Here are the key details about the Tracxn Technologies IPO:
| Company Name | Tracxn Technologies Limited | Company Type | Private | |
|---|---|---|---|---|
| Founder's Name | Neha Singh & Abhishek GoyalTracxn Technologies IPO Price band | ₹ 75-₹80 per share |
Financial snapshot
| Particulars | FY 20 | FY 21 | FY 22 |
|---|---|---|---|
| Revenue | ₹ 37.3 crore | ₹ 43.7 crore | ₹ 63.4 crore |
| Net Loss | ₹ -54 .0 crore | ₹ - 5.3 crore | ₹ -4 .8 crore |
---|
Here’s a quick look at Tracxn Technologies **** IPO’s strengths, weakness, opportunities and risks (SWOT analysis)
Strengths
- Ranks among the top five players globally in terms of number of companies profiled
- Has 3,271 users across 1,139 customer accounts (distinct contracts) in over 58 countries, as of June 30, 2022
- Has a diversified customer base comprising private market investors, venture capital, private equity investors, investment banks, corporates and government agencies
- Around 23% or 267 active customer accounts have been associated with it for over three years (with a maximum gap of three months between subscriptions)
- Supported by investments from angel investors such as Ratan Tata, Sachin Bansal and Binny Bansal
- Received investments from Elevation Capital, Accel Partners, Sequoia Capital, Prime Venture Partners and KB Investments
- Since most of the workforce of Tracxn operates from India, the company has a cost advantage over its competitors based out of countries like the US
- Remuneration in services profession in India is almost 10 times lower than that of the US
Weaknesses and threats ****
- Customers may not renew or expand the use of their subscriptions after the expiration. This could affect its revenue
- The market for private market data platforms is competitive. Its competitors include Crunchbase, CBInsights, PrivCo and Pitchbook
- Around 68% of the revenue came from outside India in Q1FY23. Hence, any fluctuations in foreign exchange rates may impact its profit
- Its attrition rate stood at around 14% in Q1FY23. It may witness higher attrition rates in the future
- Reported losses in the last three financial years. Any loss in future periods could adversely affect its operations and financial conditions
Tracxn Technologies IPO Details
**** Tracxn Technologies IPO date
The offer document filed by the company with the SEBI mentions that the Tracxn Technologies IPO’s opening date – in other words, the Tracxn Technologies IPO launch date – will be on 10 October 2022. The Tracxn Technologies IPO closing date is 12 October 2022. After this, investors will be updated about the allotment status on 17 October 2022.
Investors, who have been allotted shares, can expect them to be credited in their demat account on 19 October 2022. The Tracxn Technologies IPO listing date is 20 October 2022. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.
**** Tracxn Technologies IPO price band
The entire IPO is a book-built issue. The Tracxn Technologies IPO price band has been set between ₹75 and ₹80 per share. Interested investors can choose a price within this band to apply for the IPO.
The Tracxn Technologies IPO listing price will be determined on 20 October 2022. The listing price is the price at which the shares of a company make their debut on the stock exchanges.
**** Tracxn Technologies IPO lot size
The Tracxn Technologies IPO details have been declared. The Tracxn Technologies IPO lot size is set at 185 shares, and an investor can apply for a minimum of 1 lot. Individual investors applying under the retail category can apply for up to 13 lots (2,405 shares). Meanwhile, the Tracxn Technologies IPO issue size is ₹309 crore.
How to pre-apply for the Tracxn Technologies IPO?
You can pre-apply for the Tracxn Technologies IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
- Login to your Upstox account, using your six-digit PIN
- After successfully logging in, click on ‘Discover’
- On the Discover tab, you will find the ‘Invest in IPO’ section
- Under the Invest in IPO section, look for the ‘Tracxn Technologies IPO’ tab and click on it
- Now fill in all the required information, like ‘bid price’ and ‘lot size’
- Confirm and click on ‘Pre-Apply’
- Accept the mandate on your UPI app
How to apply for the Tracxn Technologies **** IPO?
If you are interested in this investment opportunity but unsure how to apply for the Tracxn Technologies IPO, here we are listing out the steps for you.
Here’s a step-by-step guide on how to apply for the Tracxn Technologies IPO on Upstox:
- Login to your Upstox account, using your six-digit PIN
- After successfully logging in, click on ‘Discover’
- On the Discover tab, you will find the ‘Invest in IPO’ section
- Under the Invest in IPO section, look for the ‘Tracxn Technologies IPO’ tab and click on it
- Now fill in all the required information, like ‘bid price’ and ‘lot size’
- Confirm and click on ‘Apply’
- Accept the mandate on your UPI app
Open a demat account with Upstox to apply for the Tracxn Technologies **** IPO
To apply for the Tracxn Technologies IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox:
- Click here to visit the demat account opening page on the Upstox website.
- Enter your phone number and other essential details to begin opening a demat account.
- Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed.
- Complete the e-verification using the OTP sent to your registered mobile number.
This is all it takes to open a demat account with Upstox. Easy and quick, right?
Upstox – trading app to apply for the Tracxn Technologies **** IPO
Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.
You can apply for the Tracxn Technologies IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.
Frequently asked questions
How to invest in the IPO?
Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.
What is the issue size of Tracxn Technologies Limited ?
The issue size of the Tracxn Technologies Limited is 309 Cr.
What is 'pre-apply' for Tracxn Technologies Limited ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Tracxn Technologies Limited shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Timeline
- Bidding starts10 Oct 2022
- Bidding ends12 Oct 2022
- Allotment finalisation12 Oct 2022
- Release of funds18 Oct 2022
- Demat transfer17 Oct 2022
- Listing20 Oct 2022