On Friday, Tracxn Technologies, which develops a platform for analyzing the market, announced that it has secured funding of over Rs 139 crore from anchor investors.
On the first day of offer, Monday, 23% of Tracxn Technologies Initial Public Offering (IPO) was subscribed to.
According to NSE data, the IPO got bids for 49,56,520 shares, compared to the 2,12,69,714 shares that were available.
The RII (retail investor individual) portion was 1.23 times oversubscribed. 4% of the available spots were taken up by individual investors.
The initial public offering (IPO) pricing range is between Rs 75 and Rs 80 per share, and it might raise up to Rs 3,86,72,208 in total.
Friday, Tracxn Technologies, a provider of a market information platform, announced that it has secured funding of over Rs 139 crore from anchor investors.
Revenue from the IPO might reach Rs 309 crore at the high end of the price range.
The Bengaluru-based firm is a prominent Software as a Service (SaaS) provider of information on privately held businesses.
Neha Singh and Abhishek Goyal, formerly of Sequoia Capital and Accel Partners, respectively, founded Tracxn in 2015.
Some Fortune 500 firms and/or their subsidiaries are among the company’s 3,271 users spread among 1,139 Customer Accounts in more than 58 countries as of June30, 2022.
The offer is being managed by IIFL Securities.