Private Market Intelligence SaaS Platform, Tracxn’s shares close at 16% premium on its debut

 

Private Market Intelligence SaaS Platform, Tracxn’s shares close at 16% premium on its debut

Mumbai, October 20, 2021: Tracxn Technologies (“The Company”), the leading global market intelligence providers for private company data, listed on the bourses to close more than 16% premium on its debut.

The scrip listed Rs 83 per share on BSE and Rs 84.50 per share on NSE, at a premium of 3.75% and 5.63% respectively. The company's share price closed at Rs 93.35 per share on the BSE, a 16.69% premium, and at Rs 94.20 per share on the NSE, a 17.75% premium.

As per NSE, the total quantity traded stood at 217.24 lakh shares, on BSE the total quantity stood at 21.86 lakh shares. Total Turnover (BSE+NSE) on Day 1 stood at Rs 220.25 crore.

Neha Singh, Chairperson and Managing Director, said “We are humbled by the faith of investors in our company. We are conscious that we are now custodians of the capital of a lac plus shareholders and we have to work even harder to justify their faith in us. We are very confident about the future outlook of the company."

The Market Capitalization of the Company post today’s closing price stood at Rs. 936.40 Crore as per BSE and Rs. 944.92 Crore as per NSE.

The offer is an Offer for Sale aggregating to 38,672,208 equity shares by the company's promoters and existing shareholders.

Founded in 2012 by Neha Singh and Abhishek Goyal, Tracxn was backed by angels and institutions such as 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.

It has an asset light business model and operate a Software as a Service (“SaaS”)-based platform, Tracxn, that 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.

The firm offers customers private company data for deal sourcing, identifying M&A targets, deal diligence, analysis and tracking emerging themes across industries and markets, among other uses, through its subscription-based platform.

The company has 3,271 users across 1,139 Customer Accounts in over 58 countries, as of June 30, 2022 and its customers include a number of Fortune 500 companies and/or their affiliates

IIFL Securities Limited is the sole book running lead manager and Link Intime India Private Limited is the registrar to the issue.