Tracxn technologies IPO is all set to make its debut on stock market. Tracxn technologies was Founded in 2013 and is one of the top five players globally in terms of the number of companies profiled offering data of private market companies across sectors.With over 550 million web domains scanned and over 1.4 million entities profiled over 1,805 feeds categorised across industries, sectors, sub-sectors, locations, affiliations, and networks internationally, the company runs a Software as a Service (SaaS)-based platform called Tracxn.
Tracxn Technologies IPO-Overview
|Tracxn Technologies Issue Date||10 – 12 October 2022|
|Tracxn Technologies IPO Opening Date||10 October 2022|
|Tracxn Technologies IPO Face Value||INR 1 per share|
|Tracxn Technologies IPO Price||Coming soon|
|Tracxn Technologies IPO Lot Size||Coming soon|
|Issue Size||38,672,208 shares of ₹1|
|Offer for sale||38,672,208 shares of ₹1|
|Issue Type||Book built Issue IPO|
|Listing At||BSE, NSE|
|QIB Shares Offered||NIL|
|NII (HNI) Shares Offered||NIL|
|Retail Shares Offered||10%|
|Company Promoters||Neha Singh and Abhishek Goyal are the company promoters.|
Tracxn Technologies IPO-Tentative Dates
|Tracxn Technologies IPO opening date||10 October 2022|
|Tracxn Technologies IPO closing date||12 October 2022|
|Basis of Allotment||TBA|
|Initiation of Refunds||TBA|
|Tracxn Technologies IPO Listing Date||TBA|
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Tracxn Technologies IPO-Industry Overview
According to the IMF’s World Economic Outlook report, which was published in July 2021, the global GDP experienced a 3.2% decline in growth in 2020 (compared to 2019). According to the same analysis, the global economy is on the mend and is predicted to increase by 6% in 2021 before slowing to 4.9% in 2022.
Private market AUM was over USD 6 trillion in 2019 and is projected to be approximately USD 8.45 trillion by 2025, according to Frost and Sullivan data. The growing focus of private equity and venture capital (VC) firms, which seek to boost their investments in private companies even as the number of private companies continues to rise annually, will be the main driver of growth in the private market’s AUM. In the near future, it is anticipated that all asset classes will expand further, and PE and VC companies will be at the forefront of this growth narrative and own a larger market share in AUM than they do now.
Tracxn Technologies IPO-Company Overview
As of May 31, 2021, the Software as a Service (“SaaS”)-based platform Tracxn, run by Tracxn Technologies, had scanned over 550 million web domains, profiled over 1.4 million entities across 1,805 Feeds, and was organised across industries, sectors, sub-sectors, geographies, affiliations, and networks globally. As of March 31, 2021, the Tracxn platform had 2,358 Users spread across 855 Customer Accounts in more than 50 countries. Several Fortune 500 corporations and/or their affiliates, such as Unilever Industries Private Limited, are among the clients.
Tracxn technologies customer account base is geographically broad, and it includes I venture capital and private equity investors, investment banks, (ii) corporations from a variety of industries, and (iii) other groups like government organisations, academic institutions, accelerators, and incubators. From 471 customer accounts as of March 31, 2019, to 855 customer accounts as of March 31, 2021, Tracxn technologies customer accounts have grown at a CAGR of 34.73%. As of March 31, 2021, 194 active Customer Accounts, or 22.69% of all Customer Accounts, have been associated with Tracxn technologies for more than three years. Tracxn technologies has maintained long-standing connections with its customers (with a maximum gap of three months between subscriptions).
Tracxn Technologies IPO-Objectives
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 Technologies-Financial Statements
Tracxn Technologies-valuations and margin
Tracxn Technologies IPO-Strengths
- Tracxn Technologies is a leading global provider of differentiated private market data and intelligence
- Tracxn technologies has a diverse, longstanding and growing global customer base
- Tracxn technologies has a scalable and secure technology platform conceptualized and developed in-house
Tracxn Technologies IPO-Weakness
- Lesser play in regions like North America
- Fairly new in the industry
- Free sources of information both online and offline provide a significant threat to Tracxn technologies.