InvestorQ : Can you tell me the key highlights of the forthcoming Tracxn Technologies IPO?
Angel dcosta made post

Can you tell me the key highlights of the forthcoming Tracxn Technologies IPO?

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Juvina Maggie answered.
4 days ago
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Tracxn Technologies has just got SEBI approval for its draft red herring prospectus filed with SEBI in mid-August this year.

· Tracxn Technologies IPO is a total offer for sale comprising of 3,86,72,208 shares offered by the promoters and early investors.

· Some of the major early investors offering shares in the OFS include Elevation Capital (1.09 crore shares), Accel India (40.2 lakh shares), SCI Investments (21.81 lakh shares), Binny & Sachin Bansal (25.26 lakh shares) and Promoters (1.53 crore shares).

· It is a major provider of market intelligence on private unlisted companies and start-ups. It is a major input for corporates looking at unlisted companies for M&A, private equity players for stake buys, venture capital, financiers for seed funding etc. Tracxn operates on a subscription based revenue model.

· Tracxn Technologies tracks over 1.4 million private companies and start-ups even as its fine-tuned proprietary model buckets these target companies into easy classifications to facilitate due diligence. Tracxn has over 855 subscribers spread across 50 countries.

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