Tracxn Technologies IPO
Tracxn Technologies IPO — date, price band, lot size & details 2022
Tracxn Technologies listed on 20 Oct 2022 at ₹84.5, 5.6% above the ₹80 issue price.
Tracxn Technologies runs a subscription-based SaaS platform that gives market intelligence data on private companies worldwide. It had 3,271 users across 1,139 customer accounts in over 58 countries on 30 June 2022.
Stock price
Tracxn Technologies is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 10 Oct 2022
- Close 12 Oct 2022
- Allotment 17 Oct 2022
- Refund/credit 18 Oct 2022
- Listing 20 Oct 2022
Issue summary
The terms of the offer, as filed.
| IPO Dates | 10 to 12 Oct, 2022 |
|---|---|
| Price Band | ₹75 – ₹80 |
| Face Value | ₹1 |
| Lot Size | 185 Shares |
| Issue Size | ₹309.38 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,800 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 185 shares at the ₹80 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 185 | ₹14,800 |
| Retail (max) | 13 | 2,405 | ₹1,92,400 |
| S-HNI (min) | 14 | 2,590 | ₹2,07,200 |
| S-HNI (max) | 67 | 12,395 | ₹9,91,600 |
| B-HNI (min) | 68 | 12,580 | ₹10,06,400 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Revenue from operations rose from Rs 37.33 crore in FY2020 to Rs 63.45 crore in FY2022, as per the RHP.
- 02It turned a profit of Rs 0.84 crore in the three months to 30 June 2022, after losses in earlier years.
- 03Total borrowing was nil on 30 June 2022 and at the end of each of the 3 fiscal years shown.
- 04It is among the top five players globally by number of private companies profiled, with 1,139 customer accounts in over 58 countries.
- 05The asset-light SaaS model keeps assets small, at Rs 56.78 crore on 30 June 2022.
Risks · 5
- 01The whole Rs 309.38 crore issue was offer for sale, so no money went to the company.
- 02The company made losses of Rs 54.03 crore in FY2020, Rs 5.35 crore in FY2021 and Rs 4.85 crore in FY2022.
- 03With a loss in FY2022, the pre-issue P/E was negative, and the market value at Rs 80 was Rs 802.48 crore.
- 04Revenue is small, at Rs 63.45 crore in FY2022, and depends on customers renewing subscriptions.
- 05Promoter holding fell from 50.93% before the issue to 35.65% after it, as the two promoters sold shares in the offer.
Three years of numbers
All figures in ₹ crore, as reported in the Tracxn Technologies offer document.
| Metric | 30 Jun 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 56.78 | 54.01 | 48.46 | 52.38 |
| Total Income | 19.08 | 65.16 | 55.74 | 6.31 |
| Profit After Tax | 0.84 | -4.85 | -5.35 | -54.03 |
| EBITDA | 0.19 | -6.41 | -17.06 | -22.45 |
| NET Worth | 22.98 | 20.64 | 22.22 | -135.24 |
| Reserves and Surplus | 12.95 | 10.61 | 21.33 | -135.45 |
| Total Borrowing | 0.00 | 0.00 | 0.00 | 0.00 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Tracxn Technologies RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Tracxn Technologies IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹-0.48 | ₹0.33 |
| P/E Ratio (x) | -166.67 | 242.42 |
| Market Cap at Offer Price (₹ Cr) | ₹-140.00 | ₹203.64 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹80 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the Tracxn Technologies IPO will be updated shortly.
Tracxn Technologies IPO Anchor Investors
15 anchor investors across 10 fund houses committed ₹139.21 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
Its SaaS platform, Tracxn, is used for deal sourcing, finding M&A targets, deal diligence and tracking emerging themes. On 30 June 2022 it had scanned over 662 million web domains and profiled over 1.84 million entities across 2,003 Feeds.
The platform was launched in Fiscal 2015 with a focus on the emerging technology sector. It has one of the largest coverages of private companies in areas such as IoT, artificial intelligence, robotics, blockchain and electric vehicles. Customers include several Fortune 500 companies and their affiliates.
The IPO was Rs 309.38 crore and was entirely an offer for sale, including sales by the two promoters, so the company received none of the money.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Tracxn Technologies IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
IIFL Capital Services Limited
146 issues handledBest listing: Unicommerce eSolutions (+117.6%). Weakest: ICICI Securities (-16.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Tracxn Technologies?
The current Grey Market Premium is ₹1.66, or 2% over the issue price.
What is the Tracxn Technologies IPO price band?
₹75 to ₹80, on a face value of ₹1.
When is the allotment?
The basis of allotment is 17 October 2022, with listing on 20 October 2022.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
