Tracxn Technologies IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Let’s have a detailed review of the company and analytics of the Tracxn Technologies IPO release date, IPO offer price, subscription, Tracxn Technologies Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 1 |
| Cash Price | Rs [●] |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs Thousand |
| Fresh Issue | Rs Thousand |
| IPO Size | Rs Thousand |
| Tick Size | 1 |
Tracxn Technologies IPO – Summary
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 coverage 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, that scanned over 550 million web domains, and profiled over 1.4 million entities across 1,805 Feeds categorized across industries, sectors, sub-sectors, geographies, affiliations, and networks globally, as of May 31, 2021.
The Promoter of this company is NEHA SINGH AND ABHISHEK GOYAL. The lead manager to the issue is IIFL Securities Limited, and the Registrar to this issue is Link Intime India Private Limited.
Tracxn Technologies IPO Date
The opening and the closing date of Tracxn Technologies IPO are not available yet.
Tracxn Technologies Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Tracxn Technologies IPO Grey Market Premium
The Tracxn Technologies Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Tracxn Technologies IPO – Company Overview
Their platform has 2,358 Users across 855 Customer Accounts in over 50 countries, as of March 31, 2021. Their Customers include a number of Fortune 500 companies and/or their affiliates such as Unilever Industries Private Limited.
They offer customers private company data for deal sourcing, identifying M&A targets, deal diligence, analysis, and tracking emerging themes across industries and markets, among other uses, through their subscription-based platform, Tracxn.
They launched their platform in Fiscal 2015 with a particular focus on the global emerging technology sector, providing users with detailed profiles of companies including detailed information of funding rounds and acquisition-related information, taxonomy and market maps, global competitor benchmarking, financial information, valuation, and capitalization tables, employee count, investor profiles, competitor mapping, information about founders, key team and board member, company and sector-specific reports and news events.
Also, they have since then expanded their coverage to include 18 data modules and over 1.4 million entities, as of May 31, 2021. Their extensive global database of entities coupled with customized solutions and features allows customers to source and track companies across sectors and geographies to address their requirements. They are among the few private market data service provider to have a proprietary taxonomy for technology sector companies and prepare market maps
Tracxn Technologies IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Thousand) | |||
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 484,587.47 | 523,754.99 | 441,130.90 |
| *Total Revenue | 557,417.59 | 63,132.01 | 668,309.01 |
| Total Expense | 610,894.19 | 603,460.38 | 544,317.23 |
| Profit After Tax | (53,476.60) | (540,328.37) | 123,991.78 |
Earnings per Equity Share (in Thousand)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic | (0.55) | (5.54) | 1.27 |
| Diluted | (1.52) | (5.54) | (1.75) |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Thousand, Rs. (53,476.60) Thousand, Rs. (540,328.37) Thousand and Rs. 123,991.78 Thousand respectively.
Tracxn Technologies IPO – Promoters
The Promoter of this company is:
- NEHA SINGH
- ABHISHEK GOYAL
List of Related Parties (Key Managerial Personnel)
- Neha Singh, Chairperson, and Managing Director
- Abhishek Goyal, Vice Chairman, and Executive Director
- Ravi Chandra Adusumalli, Non-Executive Director
- Vivek Kumar Mathur, Non-Executive Nominee Director
- Brij Bhushan, Independent Director
- Nishant Verman, Independent Director
Tracxn Technologies IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
Tracxn Technologies IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 38,672,208 Equity Shares aggregating up to Rs.[●] Thousand |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Thousand |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Thousand |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 100,310,185 Equity Shares |
| Equity Shares outstanding after the Issue | 100,310,185 Equity Shares |
Tracxn Technologies IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. 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 in the Offer, aggregating to Rs. [●] thousand.
Tracxn Technologies IPO – Business Strategy
- Continue to grow account base
- Expand share of revenues among existing customers
- Continue to grow the platform to offer additional services
- Capitalize on industry opportunities to expand coverage of their customers
- Expand into adjacent customer segments
- Expand their operations through inorganic growth channels
Tracxn Technologies IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Their status as a leading global provider of differentiated private market data and intelligence
- Diverse, longstanding, and growing global customer base
- Scalable and secure technology platform conceptualized and developed in-house
- Significant cost advantages from India-based operations; and
- Experienced Promoters, Board of Directors, and senior management team, backed by marquee investors
The relevant quantitative factors are:
| Basic EPS | Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | (0.55) | (1.52) | (24.06) | 2.28 |
| 31-Mar-20 | (5.54) | (5.54) | (39.95) | – |
| Mar-19 | 1.27 | (1.75) | 14.96 | – |
Tracxn Technologies IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Thousands) | |
| Tracxn Technologies Limited | 1 | [●] | (0.55) | (24.06) | 557,417.59 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Tracxn Technologies IPO – Other Details
- Statutory Auditor – NA
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
Tracxn Technologies IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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