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Business EconomyPosted at: Oct 4 2022 5:42PM


Tracxn Technologies IPO to open on October 10, 2022

Mumbai, Oct 4 (UNI) Bengaluru-based private market intelligence platform Tracxn Technologies Limited has fixed the price band at Rs 75 to Rs 80 per Equity Share for its maiden public offer. The initial public offering (IPO) of the Company
THe IPO will open for subscription on Monday, October 10, 2022 and closes on Wednesday, October 12, 2022. Investors can bid for a minimum of 185 Equity Shares and in multiples of 185 Equity Shares thereafter, a release said
The offer is an Offer for Sale aggregating to 38,672,208 equity shares by the company's promoters and existing shareholders.
Tracxn cofounders Abhishek Goyal will offload up to 7,662,655 equity shares and Neha Singh will offload up to 7,662,655 equity shares. Flipkart founders Binny Bansal will offload up to 1,263,096 equity shares and Sachin Bansal will offload up to 1,263,096 equity shares, up to 207,548 by Sahil Barua, up to 315,774 by Deepak Singh, up to 10,980,885 by Elevation Capital, up to 267,915 by Trustees, Kolluri Living Trust, up to 147,976 by Milliways Fund LLC, up to 295,952 by Rathnagirish Mathrubootham, up to 147,976 by Apoletto Asia Ltd, up to 591,904 by Trustees, NRJN Family Trust, up to 147,976 by Manoj Kumar Gandhi, up to 881,602 by WGG International Ltd, up to 4,017,506 by Accel India IV (Mauritius) Ltd, up to 2,181,692 by SCI Investments V and up to 636,000 by Prashant Chandra.
Tracxn Technologies is among the leading global market intelligence providers for private company data ranks among the top five players globally in terms of number of companies profiled offering data of private market companies across sectors and geographies, according to the Frost & Sullivan report stated in its RHP.
Founded in 2012 by Neha Singh and Abhishek Goyal, Tracxn have received investments from Ratan Tata, the NRJN Family Trust, Neeraj Arora, Sachin Bansal, Binny Bansal, Amit Ranjan, Girish Mathrubootham, Anand Rajaraman, Amit Singhal and Ashish Gupta, Elevation Capital, Accel Partners, Sequoia Capital, Prime Venture Partners and KB Investments.
The company has an asset light business model and operates a Software as a Service (SaaS)-based platform, Tracxn, that 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.
IIFL Securities Limited is the sole book running lead manager and Link Intime India Private Limited is the registrar to the issue.
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Tags: #Tracxn Technologies IPO to open on October 10# 2022
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