The preliminary public providing (IPO) of Tracxn Technologies (TTL) will open for subscription on Monday, October 10. Tracxn Technologies Ltd has set worth band at Rs 75-80 a share. The IPO of the Bengaluru-based analytics agency is a proposal on the market (OFS) of as much as 38.67 million shares by shareholders and promoters. At the higher finish of the worth band, the agency will increase round Rs 310 crore.
Co-founders Neha Singh and Abhishek Goyal want to promote as much as 7.66 million shares every, Flipkart founders Binny Bansal and Sachin Bansal 1.26 million every, Elevation Capital 10.98 million, Accel India IV Mauritius 4.02 million and SCI Investments V 2.18 million shares.
Also planning to promote are Sahil Barua, Deepak Singh, Trustees, Kolluri Living Trust, Milliways Fund LLC, Rathnagirish Mathrubootham, Apoletto Asia Ltd, Trustees, NRJN Family Trust, Manoj Kumar Gandhi, and WGG International Ltd.
Sachin and Binny Bansal maintain 1.26 per cent stake every, whereas Elevation Capital has a 21.89 per cent stake within the agency.
IIFL Securities is the only real book-running supervisor for the difficulty. Link Intime India has been appointed because the registrar for the difficulty. Shares of the corporate might be listed at each BSE and NSE.
Founded in 2012, Tracxn Technologies offers market intelligence knowledge for personal corporations. The firm has an asset-light enterprise mannequin and operates a Software as a Service (SaaS) based mostly platform, Tracxn.
Tracxn Technologies Ltd has set worth band at Rs 75-80 a share for its preliminary public providing (IPO) which can open for subscription on October 10 and shut on October 12.
Investors could make a minimal bid for 185 fairness shares and in multiples thereof. The quota for certified institutional traders is fastened at 75 per cent of the online provide, whereas non-institutional traders will get 15 per cent shares. The remaining 10 per cent portion might be allotted to the retail bidders.
As of June 30, 2022, the platform had 3,271 customers throughout 1,139 buyer accounts in over 58 international locations and its prospects embody a number of Fortune 500 corporations and/or their associates, the corporate mentioned in its DRHP.
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