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  • Writer's pictureJatin Agarwal

Traxcn Technologies IPO

Updated: Nov 1, 2022


Overview

Traxcn Technologies is one of the leading data provider companies for private companies. The company has an extensive global database and offers customized solutions and features to its customers. The company has an asset light model and is essentially a SaaS (Software as a Service) company. Tracxn has scanned over 662 million web domains, and profiled over 1.84 million entities across 2,003 feeds categorized across industries, sectors, sub-sectors, geographies, affiliations and networks globally, as of May 31, 2021. The company 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 and/or their affiliates.


Financials (rounded off)

Date

Total Revenue (₹ in cr)

PAT (₹ in cr)

​31/03/2020

6.3

-55

31/03/2021

56

-4

31/03/2022

65

-5

Traxcn Technologies IPO Details

IPO Date

10/10/2022-12/10/2022

Face Value

₹1 per share

IPO Price Band

​₹75 to ₹80 per share

IPO Lot Size

185 Shares

Listing at

NSE, BSE

Basis of Allotment

17/10/2022

Credit of Shares in Demat

19/10/2022

Listing Date

20/10/2022

Pre-Issue Shareholding

50.93%

Post-Issue Shareholding

35.65%

Retail Minimum Lot Size

185 shares (₹14,800)

Crisp Insights

1) The company has a unique business model.

2) The company has declared profit only in Q1 FY23.

3) The IPO price seems very aggressive and it does feel like existing investors want to exit at a healthy price (nothing wrong with it, but that doesn't mean we need to buy).

4) It is backed by the co-founders of Flipkart.

5) There is no major reason apart from OFS for this listing, it is clear from their objective stated in the DRHP.


Disclaimer: All information is provided for educational and informational purpose only. Data is fetched from publicly available sources such as the DRHP filed by the company. The website or the author takes no guarantee for the accuracy of the data however, we have tried our best to present accurate data to out readers. Please consult a financial advisor or do your own analysis before investing/trading in the stock market.

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