As the IPO season is back, Traxon Technologies will launch its three-day initial public offering (IPO) for public subscription next week on Monday, October 10, 2022, and the issue will end on October 12, 2022. The company said on Tuesday that it has fixed a price band of 75-80 per share for this 309 crore public issue.
Traxon Technologies IPO There will be an offer-for-sale (OFS) of 38,672,208 equity shares entirely by the promoters and investors. The OFS will see the sale of 76.62 lakh shares each by promoters Neha Singh and Abhishek Goyal, up to 12.63 lakh shares each by Flipkart founders Binny Bansal and Sachin Bansal.
The basis for the share allotment is likely to be finalized on Monday, October 17, 2022 and the shares of the company are expected to be listed on the major stock exchanges BSE and NSE this month on Thursday, October 20, 2022.
Established in 2013, Bengaluru-headquartered company Tracxn Technologies operates on a software as a service (SaaS) model and provides market intelligence data to private companies. As of June this year, the company had 3,271 users across 1,139 customer accounts in more than 58 countries.
It is a comprehensive B2B information platform that enables private market companies and startups to identify, track and analyze deal sourcing, deal diligence and has the largest global coverage in emerging technology areas such as Artificial Intelligence, Virtual Reality, Robotics and Blockchain.
IIFL Securities is the sole book-running lead manager of the public issue and Link Intime India Pvt Ltd is the registrar of the initial share sale.
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