Tracxn Technologies IPO Share Listing Date Today. Experts predict ‘mute’ debut

According to stock market experts, the financial market may face major challenges like a global slowdown, rising interest rates, which may affect capital market movements and traction, investment banks and family offices. Traxon Technologies is also expected to be affected by such challenges, he added. In addition, the share price of Tracxn Technologies is oscillating at a gray market premium (GMP) of minus minus. For the past few days 3. Therefore, the company’s stock may have a ‘mute to negative’ debut today.

to speak on Tracxn Technologies IPO Listing Price ForecastAyush Aggarwal, Senior Research Analyst, Swastika Investmart said, “TraxN Technologies Ltd is expected to remain muted for negative listing due to the nature of the issue with high valuations, less than stellar membership numbers and having OFS; Current GMP is – 3 About 3.75% below its issue price.Private equity markets, venture capital markets, investment banks and family offices are witnessing significant cuts due to rising interest rates globally and bearish conditions in key markets such as North America and Europe has activities and traction; additionally, M&A activities have been subdued.” He further added that it will be difficult for the company to substantially increase its client base and top line in the coming years.

“Excessive valuation of price to sales of ~12.5 (based on FY22 numbers and upper band price) and high competition from global players made it very difficult to recommend this issue. Thus we have avoided this issue. and investors must wait for a few quarters before deciding whether to invest for the long term or not,” said Ayush Agarwal, Swastika Investmart.

Expecting the Tracxn Technologies IPO to be listed around its issue price, Abhay Doshi, Founder, UnlistedArena.com, said, “Tracxn Technologies IPO received a less-than-glossy response from investors across all segments, even though the issue size was small. The company has just started posting. The profits and its business operations are also not large which could be the reason behind the weak subscription. Hence, the listing can only be muted around its issue price.”

What GMP Indication

The Tracxn Technologies IPO gray market premium (GMP) is zero today, which means that the gray market is expecting the Tracxn Technologies IPO to open around the issue price. 75 to 80 per equity share.

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.