Tracxn Technologies IPO - 7 Things to Know
by 5paisa Research Team
23 Nov 2021
Tracxn IPO Details
- Open Date 10-Oct-22
- Close Date 12-Oct-22
- Lot Size 185
- IPO Size ₹ 309.38 Cr
- IPO Price Range ₹ 75 to ₹80/share
- Min Investment ₹ 13,875
- Listing Exchange NSE, BSE
- Basis of Allotment 17-Oct-22
- Refunds 18-Oct-22
- Credit to Demat Account 19-Oct-22
- Listing Date 20-Oct-22
Tracxn Technologies IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
|
10-Oct-22 |
0.00x | 0.04x | 1.23x | 0.23x |
|
11-Oct-22 |
0.00x | 0.25x | 2.60x | 0.54x |
|
12-Oct-22 |
1.66x | 0.80x | 4.87x | 2.01x |
Tracxn IPO Synopsis
Tracxn, Bengaluru-based startup intelligence and analytics firm’s IPO opens on 10th October and closes on 12th October. The startup is backed by Flipkart founders Accel and Sequoia Capital.
The initial offering comprises of an OFS of 38.67 million shares (aggregating to Rs. 309.38 cr) by shareholders and promoters. The lot size for the issue is set at 185 shares per lot and the price band is fixed at Rs. 75 – Rs. 80. The shares will be allotted on 17th October while the IPO will be listed on 20th October.
This proposal comprises up to 7.66 million shares each by Neha Singh and Abhishek Goyal (hold highest stake of 25.46% each), up to 1.26 million shares each by Flipkart founders Binny Bansal and Sachin Bansal (hold 1.26% stake each), 10.98 million shares by Elevation Capital (hold stake of 21.89%), up to 4.02 million shares by Accel (hold stake of 4.01%), and up to 2.18 million shares by Sequoia (hold stake of 2.17%).
The lead manager to the issue is IIFL Securities Limited, and the Registrar to this issue is Link Intime India Private Limited
Objectives of Tracxn IPO
The main objective of the issue is to carry out the sale of up to 38,672,208 Equity Shares and to achieve the benefits of listing the equity shares on the Stock Exchanges.
Tracxn IPO Videos
About Tracxn Technologies
Tracxn is among the leading global market intelligence providers for private company data and ranks among the top five players globally in terms of a number of companies profiled offering data of private market companies across sectors and geographies. They have one of the largest coverages of private companies in emerging technology sectors including IoT, artificial intelligence, virtual reality, robotics, blockchain, and electric vehicles.
They have an asset-light business model and operate a Software as a Service (“SaaS”)-based platform, Tracxn, over 1.4 million private companies and works with 855 subscription customers across 50 countries and its customers include private market investors-- venture capital, private equity funds, and large corporates.
More than 70% of the company’s revenue comes from outside India, primarily from Europe, Middle East and Africa. The company, which competes with Crunchbase, CB Insights, PrivCo and Pitchbook, ranks among the top five players in the private market data space globally.
Tracxn Technologies Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY21 | FY21 | FY20 |
|---|---|---|---|
| Revenue | 63.5 | 43.8 | 37.3 |
| EBITDA | -6.4 | -17.1 | -22.4 |
| PAT | -4.8 | -5.3 | -54.0 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Total Assets | 54.0 | 48.5 | 52.4 |
| Share Capital | 10.0 | 0.9 | 0.2 |
| Total Borrowings | 0.0 | 0.0 | 0.0 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 0.6 | -6.1 | -15.4 |
| Net cash from / (used in) investing activities | 0.8 | 5.5 | -5.8 |
| Net cash flow from / (used in) financing activities | 1.4 | 0.2 | 20.9 |
| Net increase (decrease) in cash and cash equivalents | 0.0 | -0.4 | -0.3 |
Peer Comparison
There are no listed entities in India, the business portfolio of which is comparable with this business
Tracxn IPO Key Points
-
Strengths
1. Leading global provider of differentiated private market data and intelligence
2. Diverse, longstanding and growing global customer base
3. Scalable and secure technology platform conceptualized and developed in-house
4. Significant cost advantages from India-based operations
-
Risks
1. Failure in attracting new clients, maintaining existing clients or expanding users within existing customer accounts
2. Revenue from operations is gained from subscription of the platform by customers, hence, if the customers do not renew the subscriptions, it will hurt the revenues
3. Interruptions or performance problems associated with the platform and business
4. Unable to obtain and maintain accurate, comprehensive, or reliable data, could experience reduced demand for the platform and services
5. Use of open-source software could subject the company to face claims challenging the ownership of open-source software and compliance with open-source license terms
Tracxn
How to apply for IPO?
-
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Enter the number of lots and price at which you wish to
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Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
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Tracxn IPO FAQs
What is the lot size and investment required for the Tracxn Technologies IPO?
The lot size for the issue of Tracxn IPO is 185 shares per lot. A retail investor can minimum apply for 1 lot (185 shares or Rs. 14800) and maximum apply for 13 lots (2405 shares or Rs. 1,92,400).
What is the price band of the IPO?
The price band of the Tracxn IPO is Rs. 75 – Rs. 80
When does the Tracxn Technologies IPO issue open and close?
The issue for Tracxn IPO opens on 10th October and closes on 12th October.
What is the size of Tracxn Technologies IPO issue?
The fresh issue comprises of an OFS aggregating up to 38.67 million shares by shareholders and promoters.
Who are the promoters/key personnels of Tracxn Technologies IPO?
Tracxn Technologies is promoted by Neha Singh and Abhishek Goyal
What is the allotment date of Tracxn Technologies IPO?
17th October is the allotment date for Tracxn Technologies IPO.
What is the Tracxn Technologies IPO listing date?
The Tracxn IPO will be listed on 20th October.
Who are the book runners for Tracxn Technologies IPO?
IIFL Securities is the lead manager to the issue for Tracxn IPO.
What is the objective of the issue?
The proceeds will be used for 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.
How to apply for the Tracxn Technologies IPO?
To apply for the IPO, follow the steps given below
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and price at which you wish to apply for
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
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