Tracxn Technologies IPO | Review

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Tracxn Technologies Limited has come up with an initial public offer (IPO). It will open on October 10-12, 2022 at Rs.75-80 a share. The IPO issue size is around Rs.309.38 crore. The minimum bid will be for 185 shares and in its multiples thereafter.

Overview

Tracxn Technologies Limited is among the leading global market intelligence providers for private company data. It ranks among the top five players globally in terms of the number of companies profiled offering data. Moreover, it is one of the largest coverage of private companies in emerging technology sectors including IoT, artificial intelligence, virtual reality, robotics, blockchain and electric vehicles. The company has an asset light business model and operates a Software as a Service (“SaaS”)-based platform, Tracxn. The platform has scanned over 662 million web domains, and profiled over 1.84 million entities across 2,003 Feeds categorized across industries, sectors, subsectors, geographies, affiliations and networks globally. Also, the platform has 3,271 Users across 1,139 Customer Accounts in over 58 countries. The company’s customers include a number of Fortune 500 companies and/or their affiliates.

Tracxn Technologies 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 our subscription-based platform, Tracxn. The company has launched its 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. Tracxn Technologies Ltd is among the few private market data service providers in the world to have a proprietary taxonomy for technology sector companies and prepare market maps.

Website – https://tracxn.com/

Promoters

Neha Singh – 25.46%

Abhishek Goyal – 25.46%

Promoter Holding

Pre-Issue Shareholding – 50.93%

Post-Issue Shareholding – 35.65%

Strength & Weakness

Strengths

Leading global provider of differentiated private market data and intelligence

Diverse, longstanding and growing global customer base

Scalable and secure technology platform

Significant cost advantages

Experienced Promoters, Board of Directors and senior management team

Weaknesses

Faces stiff competition from competitors

Risks associated with international operations.

Risk of fluctuations in foreign exchange rates

Negative cash flows from operating activities

Highly dependent on our Key Management Personnel

Customers

Accel Management India LLP	growX ventures 142 Fund I
Elevation Capital Limited	Kae Capital Management Pvt Ltd
Wipro Limited	Lixil Corporation
Yamaha Motor Solutions India	Bank of Baroda
Tech City Ventures, UK	Start-up Accelerators
Government Agencies	Academic Institutions
Government Banks

Competitors

Crunchbase	CBInsights
PrivCo	Pitchbook

Company Financials

Year	Revenue (in Crore)	Profit (in Crore)
31-Mar-2020	6.31	-54.83
31-Mar-2021	55.74	-4.15
31-Mar-2022	65.16	-4.85
30-Jun-2022	19.08	0.92

Object of Issue

1) To achieve the benefits of listing the Equity Shares on the Stock Exchanges.

2) The sale of up to 3,86,72,208 Equity Shares by the Selling Shareholders.

Tracxn Technologies IPO Lot Size

Application	Lot	Shares	Amount
Retail (Min)	1	185	Rs.14,800
Retail (Max)	13	2,405	Rs.1,92,400

Tracxn Technologies IPO Details

IPO Opening Date	October 10, 2022
IPO Closing Date	October 12, 2022
Face Value	Rs.1 per Equity Share
IPO Price	Rs.75-80 per share
Market Lot	185 shares
Minimum Order Quantity	185 shares
Listing At	NSE, BSE
No. of shares offered (OFS)	3,86,72,208 shares
Issue Size	Up to Rs. 309.38 Crore
QIB Shares Offered	75% of the offer
Retail Shares Offered	15% of the offer
NII/HNI Shares Offered	10% of the offer

Tracxn Technologies IPO Timetable

IPO Date	October 10-12, 2022
Allotment Date	October 17, 2022
Initiation of Refunds	October 18, 2022
Credit of share to Demat a/c	October 19, 2022
IPO Listing Date	October 20, 2022