Tracxn Technologies' IPO to open on October 10th

4 Oct 2022 , 09:53 AM

On Monday, October 10, subscriptions for Tracxn Technologies’ (TTL) initial public offering (IPO) will go on sale. The corporation has set the price per share at between Rs75 and Rs80.

For private businesses, Tracxn Technologies offers market intelligence data. The company uses a software-as-a-service (SaaS) platform called Tracxn and works with a low-asset business model.

The entire offering consists of promoters and current shareholders of the company offering up to 3,867,208 equity shares having a face value of Rs1 apiece for a total of Rs309.37 crore.

Co-founders Neha Singh and Abhishek Goyal are seeking to sell up to 76.6 lakh shares apiece, while Flipkart founders Binny Bansal and Sachin Bansal are seeking to sell 12.6 lakh shares each. Both are promoters of the firm.

A minimum bid of 185 equity shares or multiples thereof may be made by investors.

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