Tracxn Technologies IPO Listing Soon: After the share allotment means of Tracxn Technologies’ preliminary public providing (IPO). Now all eyes are on the itemizing of shares on BSE, NSE. The Rs 309-crore preliminary share sale was subscribed two occasions on the shut of the supply on October 12, helped by heavy demand from retail traders.
Tracxn Technologies IPO: Subscription Status
The IPO acquired bids for 4.27 crore shares in opposition to 2.12 crore shares on supply, in accordance to NSE information. The portion for retail particular person traders (RIIs) was subscribed 4.87 occasions and the class for Qualified Institutional Buyers (QIBs) acquired 1.66 occasions subscription. The quota for non-institutional traders obtained subscribed 80 per cent.
The IPO of up to 3,86,72,208 fairness shares had a worth vary of Rs 75-80 a share.
Ahead of its IPO, the agency had garnered Rs 139.22 crore by allocating 17,402,494 shares to anchor traders at Rs 80 a chunk.
Tracxn Technologies IPO: Price Band
Flipkart founders Sachin Bansal and Binny Bansal-backed Tracxn Technologies is about to mop up Rs 309.37 crore by way of its IPO on the higher finish of the value band of Rs 75-80 per share. It is totally an offer-for-sale and so the corporate won’t obtain any funds from the problem.
Tracxn Technologies IPO: Objectives of the Issue
The objects of the Offer are to obtain the advantages of itemizing the fairness shares on the inventory exchanges and the sale of shares by the promoting shareholders (being Neha Singh, Abhishek Goyal, Elevation Capital, Accel India IV (Mauritius) Limited, SCI Investments V, Prashant Chandra, Binny Bansal, Sachin Bansal, WGG International Limited, Sahil Barua, Deepak Singh, Trustees, NRJN Family Trust, Milliways Fund LLC, Rathnagirish Mathrubootham, Trustees, Kolluri Living Trust, Apoletto Asia Ltd and Manoj Kumar Gandhi) within the supply.
The firm won’t get any proceeds from this public supply and the proceeds will totally go to the promoters.
Tracxn Technologies IPO: Share Allotment Process
The finalization of foundation of share allotment of Tracxn Technologies IPO befell yesterday, Monday, October 17, 2022 and if allotted, then the credit score of shares to demat account of bidders will likely be achieved on Wednesday, October 19, 2022. The registrar for this IPO is Link Intime India Private Ltd, subsequently the allotment software may be checked on the registrar’s web site right here or on the BSE web site right here.
Steps To Check Tracxn Technologies IPO Allotment Status Via The Registrar
1. Visit https://linkintime.co.in/mipo/ipoallotment.html.
2. Select ‘Tracxn Technologies Limited – IPO’ within the drop field.
3. Enter any one of many following-IPO software quantity, DP consumer ID, or PAN quantity.
4. Click on the ‘Search’ button to verify your allotment standing.
Steps To Check Tracxn Technologies IPO Allotment Status Via BSE
1. Visit https://www.bseindia.com/investors/appli_check.aspx.
2. Select ‘Equity’ beneath the ‘Issue type’ part.
3. Under the ‘Issue name’ part, choose ‘Tracxn Technologies Limited within the drop field.
4. Enter your IPO software quantity or your PAN quantity.
5. Select the ‘I am not a Robot’ button and click on on the ‘Search’ button to view your IPO allotment standing.
The shares of the corporate are anticipated to listing on inventory exchanges BSE and NSE this week on Thursday, October 20, 2022.
GMP Today
As per market observers, Tracxn Technologies shares can be found at a reduction of Rs (-) 3 within the gray market as we speak.
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