Founded in 2013, Tracxn Technologies provides market intelligence data for private companies. The company’s extensive global database and customized solutions and features allow its customers to source and track companies across sectors and geographies to address their requirements.
The company is ranked among the top five players globally in terms of the number of companies profiled offering data on private market companies across sectors and geographies. The company has 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, 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.
The company offers private company data to its customers for deal sourcing, identifying M&A targets, deal diligence, analysis, and tracking emerging themes across industries and markets, among other uses, through its Tracxn platform.
Competitive Strengths:
- One of the leading providers of market intelligence data for private companies globally
- Diverse, longstanding, and growing global customer base
- In-house developed, scalable, and secure technology platform
- Significant cost advantages from India-based operations
- Experienced promoters, board of directors, and senior management team backed by marquee investors
Company Financials
| Particulars | For the year/period ended (₹ in Crore) | ||||
|---|---|---|---|---|---|
| 30-Jun-22 | 30-Jun-21 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 56.78 | 49.93 | 54.01 | 48.46 | 52.38 |
| Total Revenue | 19.08 | 15.44 | 65.16 | 55.74 | 6.31 |
| Profit After Tax | 0.923 | -0.837775 | -4.852 | -4.152 | -54.826 |
| Net Worth | 22.98 | 22.04 | 20.64 | 22.22 | -135.24 |
| Reserves and surplus | 12.95 | 21.14 | 10.61 | 21.32 | -135.44 |
Objects of the Issue
To achieve the benefits of listing the equity shares on the Stock Exchanges and the sale of up to 38,672,208 Equity Shares by the selling shareholders
Tracxn Technologies IPO Details
| Tracxn Technologies IPO Date | Oct 10, 2022 to Oct 12, 2022 |
| Tracxn Technologies IPO Face Value | ₹1 per share |
| Tracxn Technologies IPO Price | ₹75 to ₹80 per share |
| Tracxn Technologies IPO Lot Size | 185 Shares |
| Issue Size | 38,672,208 shares of ₹1 (aggregating up to ₹309.38 Cr) |
| Offer for Sale | 38,672,208 shares of ₹1 (aggregating up to ₹309.38 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not less than 75% of the Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Offer |
| Retail Shares Offered | Not more than 10% of the Offer |
| Company Promoters | Neha Singh and Abhishek Goyal are the company promoters. |
Tracxn Technologies IPO Timeline
Tracxn Technologies IPO opens on Oct 10, 2022, and closes on Oct 12, 2022. The Tracxn Technologies IPO bid date is from Oct 10, 2022 10.00 A.M. to Oct 12, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Date |
|---|---|
| Tracxn Technologies IPO Opening Date | Oct 10, 2022 |
| Tracxn Technologies IPO Closing Date | Oct 12, 2022 |
| Basis of Allotment | Oct 17, 2022 |
| Initiation of Refunds | Oct 18, 2022 |
| Credit of Shares to Demat | Oct 19, 2022 |
| Tracxn Technologies IPO Listing Date | Oct 20, 2022 |
Tracxn Technologies IPO Lot Size
The Tracxn Technologies IPO lot size is 185 shares. A retail-individual investor can apply for up to 13 lots (2405 shares or ₹192,400).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 185 | ₹14,800 |
| Retail (Max) | 13 | 2405 | ₹192,400 |
Tracxn Technologies IPO Promoter Holding
| Pre Issue Share Holding | 50.93% |
| Post Issue Share Holding | 35.65% |
Tracxn Technologies IPO Review
TTL has posted annual losses till the last fiscals. Its financial data in Rupees Thousand appears to be an eyewash. Based on FY23-Q1 earnings, the issue is greedily priced discounting all near-term positives. This being a pure long-term bet, investors may wait to buy at a discount post-listing as it may take some time to wipe out carried forward losses. There is no harm in skipping this pricy bet. Read detail review…
Sorry, we couldn’t find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
Tracxn Technologies IPO Prospectus
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Company Contact Information
Tracxn Technologies Limited
48, First Floor, DVG Road,
Basavangudi, Bengaluru – 560 004,
Karnataka, India
Phone: +91 90360 90116
Email: compliance-officer@tracxn.com
Website: https://tracxn.com/
Tracxn Technologies IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: tracxn.ipo@linkintime.co.in
Website: https://linkintime.co.in/