Tracxn Technologies Limited | Globe Capital
Tracxn Technologies Limited
Closed
Price Band
Rs. 75-80
IPO Issue Period
Oct 10, 2022 to Oct 12, 2022
Issue Size
Rs. 309.38 Cr.
Face value
Rs. 1 /-
Fresh issue
309.38 cr
Offer for sale
309.38 cr
Minimum Shares for Retail
185 shares
Listing on
NSE, BSE
Issue Type
Book Building
Registrar to the Issue
Link Intime India Private Ltd
Tentative Listing Date
Oct 20, 2022
QIB
Not More than 75% of the offer
NII
Not less than 15% of the offer
Retail
Not less than 10% of the offer

IIFL Securities Ltd (Past IPO Performance)

Tracxn Technologies (Tracxn) is one among the leading market intelligence providers for private company data across sectors and geographies. It has one of the largest coverages of private companies in emerging technology sectors including IoT, Artificial Intelligence, Virtual reality, Robotics, Blockchain and Electric vehicles (Source: F&S Report).

Tracxn has an asset light business model and operate a Software as a Service (SaaS)-based platform. Tracxn has scanned over 662 million web domains and profiled over 1.84 million entities across 2,003 feeds categorized across industries, sectors, sub-sectors, geographies, affiliations, and networks globally, as of June 30, 2022. The company’s platform has 3,271users across 1,139 customer accounts in over 58 countries, as of June 30, 2022. Tracxn offers 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 its subscription-based platform, Tracxn. The company is promoted by Ms Neha Singh and Mr Abhishek Goyal. Ms Neha Singh holds an MTech from IIT Bombay and a MBA from Stanford Graduate School of Business. Post pursing her graduation she worked as an associate in Boston Consulting group and as an investment analyst in Sequoia Capital. Mr Abhishek Goyal has a B Tech (Computer Science) from IIT Kanpur. He has worked in various positions in companies including yahoo, Andale, Amazon and Accel Partners. He also founded UrbanTouch.com before Tracxn Technologies

For year/ period ended ( in Cr.)

H1FY22 FY21 FY20
Total Revenue 63.45 43.78 37.33
Profit After Tax (4.85) (5.35) (54.03)
EPS (0.48) (0.55) (5.54)
OPM (%) (10.10%) (38.97%) (60.12%)
PATM (%)

 

  • The company is one among the leading private market intelligence providers for private company data globally and rank among the top five players globally in terms of number of companies profiled that offer private market data across sectors and geographies.
  • Diverse, longstanding, and growing global customer base
  • In-house developed, scalable, and secure technology platform
  • Significant cost advantages from India-based operations
  • 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

Tracxn has posted annual losses till the last fiscals. Based on FY23-Q1 earnings, the issue is greedily priced discounting all near-term positives. This being a pure long-term bet.

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