Tracxn Technologies has been around since 2013 providing private businesses with market intelligence data. Customers can discover and track organizations across sectors and geographies using the company’s enormous worldwide database, as well as its tailored solutions and services.
In terms of the number of companies profiled that provide data on private market companies across sectors and geographies, the firm is among the top five players internationally.
As of May 31, 2021, the company had scanned over 662 million online domains and profiled over 1.84 million entities over 2,003 Feeds classified across industries, sectors, sub-sectors, locations, affiliations, and networks globally, all while operating on an asset-light business model.
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.
Through its Tracxn platform, the company provides private corporate data to its customers for use in deal sourcing, finding M&A prospects, doing transaction diligence, analyzing, and tracking emerging themes across industries and markets.
Competitive Strengths:
- Among the world’s preeminent suppliers of information on private company markets
- Global clientele that is both varied and expanding in size
- Homegrown tech that’s also scalable and safe to use
- Incredibly low operating costs because of relocation to India.
- Reputable backers including a seasoned board of directors and executive management team
Objects of the Issue :
For purposes of facilitating the listing of Equity Shares on Stock Exchanges and the sale of up to 38,672,208 Equity Shares by the selling shareholders.
Tracxn Technologies IPO Timeline :
Between October 10 and 12, 2022, Tracxn Technologies will hold its first public offering. The initial public offering (IPO) bidding period for Tracxn Technologies runs from October 10, 2022 at 10:00 AM until October 12, 2022 at 5:00 PM. On the issue closing day, confirmation of UPI Mandates must be received by 5 pm.
Tracxn Technologies IPO Lot Size :
Lot size for the Tracxn Technologies initial public offering is 185 shares. There is a limit of 13 lots (2405 shares or ₹192,400) per application for retail investors.
IPO Review :
Up until the most recent fiscal year, TTL reported annual losses. As far as I can tell, the company’s financial data presented in Rupees Thousand is a red herring. The issue is attractively priced based on first-quarter results for fiscal year 23.
Since this is a 100% long-term wager, investors would prefer to wait until after the stock has been listed to buy at a discount, since it could take some time to completely eliminate any accumulated losses. You can save yourself some money and avoid this risky wager without any penalty.
IPO Subscription Status :
On Oct 11 2022 at 1:58:00 PM, the IPO for Tracxn Technologies was just 0.40 times oversubscribed. There was a 2.04-times retail subscription, a 0.00-times QIB subscription, and a 0.11-times NII subscription for the public issue.