Tracxn Technologies IPO

Tracxn Technologies is one of the most well-known worldwide market intelligence suppliers for private business data, ranking among the top 5 in terms of the number of firms profiled and delivering data on private market firms from various industries and locations. Tracxn Technologies IPO will hit the market in 10 October 2022.

About Tracxn Technologies

They offer one of the most comprehensive coverages of private businesses in new technology areas such as IoT, artificial intelligence, virtual reality, robotics, blockchain, and electric cars.

They offer a SaaS-based platform, Tracxn, that analyzed over 550 million online sites and analyzed over 1.4 million enterprises across 1,805 Feeds classified into industries, sectors, sub-sectors, regions, affiliations, and networks internationally.

There are 2,358 users on their platform, with 855 customer accounts in over 50 nations. A number of Fortune 500 businesses and/or their affiliates, such as Unilever Industries Private Limited, are among their clients.

Business model

They provide clients with private business data for deal sourcing, discovering M&A candidates, transaction diligence, analysis, and tracking developing patterns throughout sectors, among other purposes via their subscription-based portal, Tracxn.

In Fiscal 2015, they introduced their site with an emphasis on the global emerging technology industry, giving consumers with thorough profiles of businesses.

These profiles includes specific data on venture funding and acquisition-related details, taxonomy and market graphs, global rival benchmarking, financial data, valuation and capitalization graphs, staff count, shareholder profiles, and information about founders, key team and board member.

Growth

As of May 31, 2021, they have increased their service to comprise 18 data modules and over 1.4 million organisations. Users may find and follow firms throughout industries and regions using their vast global database of organizations, which is complemented by bespoke solutions and technologies.

They are one of the only private market data service providers with a proprietary taxonomy and market maps for technology firms (Source: F&S Report).

Their platform processes massive quantities of data, creates profiles, and provides market information on private market firms using an in-house created algorithm built on a mixture of technology and human researchers.

Platform

Their human-in-the-loop performs a strategic function, concentrating on quality assurance and filling data and intelligence gaps that technology itself cannot fill.

They think that combining technology with human-in-the-loop has allowed them to retain a high level of accuracy and efficacy while increasing their worldwide reach tremendously.

Multiple work-flow tools are included in their platform, including a customised client relationship management tool that is connected with their database and allows for better deal administration.

Personalization is possible in the system, allowing for better monitoring and data-driven insights. Its capabilities comprise local and global sourcing dashboards, portfolio tracking, and data insight.

Operations

Over time, They’ve created a methodical data sourcing approach that includes technology-based data extraction and real-time data upload via APIs.

To discover and monitor private market business data, they also use details from webpages, news stories, media releases, social networks, and conferences.

They also acquire financial and non-financial statistics from regulatory filings throughout the world as part of their collecting strategy.

For material sourced from nations where English is not the predominant language, they have an additional layer of language translation.

Tracxn Technologies IPO

Tracxn Technologies Limited, headquartered in Bengaluru has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of 38,672,208 equity shares on 12 August 2021.

The Offer doesn’t includes any fresh equity shares and There is an offer for sell(OFS) of 38,672,208 equity shares by the promoters mentioned in the DRHP.

They got for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.

Financials Trends

Particulars	For the year/period ended ( in Cr.)
		31-Mar-21	31-Mar-20	31-Mar-19
Total Assets		48.46	52.38	44.11
Total Revenue		55.74	6.31	66.83
Profit After Tax		(5.35)	(54.03)	12.40

Basic and Diluted Earnings Per Share

Financial Period	Basic EPS (in INR)	Diluted EPS (in INR)	Weight
Financial Year 2021	(0.55)	(1.52)	3
Financial Year 2020	(5.54)	(5.54)	2
Financial Year 2019	1.27	(1.75)	1
Weighted Average	(1.91)	(2.90)

Objects of the Issue

• Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
• To meet common corporate objectives.

Basis of the offer

The following are some of the fundamental criteria and key strengths that contribute into determining the Offer Price:

1. Their position as the world ‘s top source of unique private market data and insight.
2. Global client base that is diverse, long-standing, and increasing.
3. In-house designed and developed scalable and secure technological platform.
4. India-based operations provide substantial cost savings.
5. Experienced Promoters, a strong Board of Directors, and a strong senior management team, all supported by major investors.

Tracxn Technologies IPO Peer Comparison

There are no publicly traded firms in the country with a range of products and services equivalent to theirs, or a scale of operations comparable to them.

Tracxn Technologies IPO Details

IPO Opening Date	10 October 2022
IPO Closing Date	12 October 2022
Issue Type	Book Building
Face Value	1 per share
IPO Price	75 to 80 per equity share
Market Lot	185
Min Order Amount	14,800
Listing At	BSE, NSE
Issue Size	38,672,208 equity shares
Fresh Issue	0
Offer for Sale	38,672,208 equity shares

Tracxn Technologies IPO Date

Tracxn Technologies IPO opening date is 10 October 2022, and the closing date is 12 October 2022. The Tracxn Technologies issue may list in 20 October 2022.

IPO Opening Date	10 October 2022
IPO Closing Date	12 October 2022
Basis of Allotment Date	17 October 2022
Initiation of Refunds	18 October 2022
Credit of Shares to Demat Account	19 October 2022
IPO Listing Date	20 October 2022

Basis of Allotment

Type	% of Offer	Basis of Allotment
Qualified Institutional Buyer	75	Roughly equivalent
Non Institutional Investor	15	Roughly equivalent
Retail	10	Minimum level of 1 lot, based on availability, for every shareholder.

Tracxn Technologies IPO Allotment Status

Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.

Here, you can find the Allotment Status of Tracxn Technologies IPO.

Tracxn Technologies IPO GMP

Tracxn Technologies IPO Grey Market Premium is 0.

Date	GMP (in Rs)	Subject to Sauda	Kostak (in Rs)
October 2022
October 2022
October 2022
October 2022
October 2022
October 2022
October 2022
October 2022
October 2022
October 2022
October 2022
04 October 2022

Tracxn Technologies IPO Review

Tracxn Technologies IPO review will depend on the price band. Whenever it will be announced we will update you regarding review of this IPO is good or bad.

Tracxn Technologies IPO Risk

• Their business and financial situations may be negatively impacted if their platform experiences disruptions or performance issues.
• Their reputation is crucial to their success. Their business and financial situations may be affected if they fail to properly manage, market, and strengthen their brand.
• They may see a drop in demand for their platform and services if they are unable to acquire and maintain accurate, comprehensive, and trustworthy data.
• It’s possible that they won’t be able to figure out the best pricing and package for their services.
• In fiscal years 2020 and 2021, their company restated losses.
• Recent times of high growth have occurred, and current growth rates may not be predictive of future growth.

Other Threats

• The COVID-19 pandemic may have an effect on their company, and that impact might be significantly negative and last for an undetermined amount of time.
• Wage pressures in India may make it difficult for them to maintain their competitive edge and diminish revenue.
• Their platform might be harmed by real or imagined faults, vulnerabilities, or bugs.
• It’s possible that they won’t be able to properly defend their intellectual property rights from others, especially rivals.
• Interruptions or delays in the services supplied by third-party cloud servers or internet connection might affect the capacity of their platform to operate.
• There are ongoing legal procedures against their company and its officers and directors.

Clients

They have a customer account base that is geographically diverse and includes:

• Venture capital and private equity investors, as well as investment banks, are examples of private market investors and investment banks.
• Corporations from various industries.
• Government organisations, universities, accelerators, and incubators are among the others.

With 471 Client Accounts on March 31, 2019 to 855 Customer Accounts on March 31, 2021, their Customer Accounts have grown at a CAGR of 34.73 percent. They have long-standing connections with their clients, with 22.69 percent of active Customer Accounts (or 194) having been with them for more than three years as of March 31, 2021. (with a maximum gap of three months between subscriptions).

Tracxn Technologies IPO Brokerage views

• Yes Securities : Not Updated
• Choice Brokering: Not Updated
• Axis Securities: Not Updated
• IIFL Securities: Not Updated
• Trade swift: Not Updated
• Anand Rathi : Not Updated
• ICICI Securities: Not Updated

Tracxn Technologies IPO Subscription Status

Date	Day	QIB	NII	Retail	Employees	Total Subscription
10 October 2022	1
11 October 2022	2
12 October 2022	3

Promoters

Their Promoters, Neha Singh and Abhishek Goyal, are first-generation entrepreneurs who lead them.

Each of them has extensive expertise in the venture capital and technology industries, having previously worked with organisations like Accel Partners and Sequoia Capital. Both were named to Fortune India’s “40 Under 40” list in both 2018 and 2019.

Neha Singh was also named to Business Today’s list of “The Most Powerful Women” in the “Rising Stars” segment in 2019 and to Outlook Business’s list of “Outstanding Women” in 2016.

They are backed up by a qualified and dedicated group of Key Management Personnel with a wealth of expertise.

Promoters’ Holding

Pre Issue Share Holding	52.06%
Post Issue Share Holding

Investors

Angel investors including Ratan Tata, the NRJN Family Trust, Neeraj Arora, Sachin Bansal, Binny Bansal, Amit Ranjan, Girish Mathrubootham, Anand Rajaraman, Amit Singhal, and Ashish Gupta have backed their business.

Elevation Capital, Accel Partners, Sequoia Capital, Prime Venture Partners, and KB Investments have also invested in company.