Tracxn Technologies

Stocks to Watch Today: Wipro, Axis Bank, LTIMindtree, Indian Hotels, Lupin, Tracxn Tech, Capital SFB, Veranda Learning, IndoStar in focus on 18 July

Stocks to Watch, 18 July: Stocks like Wipro, Axis Bank, LTIMindtree, Indian Hotels, Lupin, Tracxn Technologies, Capital Small Finance Bank, Veranda Learning Solutions, IndoStar Capital Finance, and Sunteck Realty will be in focus on July 18.

Bulk Deals: Foreign investors buy Rs 64.68 cr stake in Sobha, sell Rs 6.63 cr of shares in Tracxn Tech

The stock of Sobha saw a 15 percent up move to Rs 1,296.6 in the bourses.

Tracxn Technologies beat street expectations, stock jumps over 16% on debut

Analysts were largely expecting either a flat or subdued listing due to muted response to its initial public offering which was subscribed 2.01 times last week.

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Despite muted debut, can Tracxn Technologies be a long-term play?

The company faces significant players from private players such as Crunchbase, CBInsights, PrivCo & Pitchbook, and free online and offline sources of information on companies & businesses.

Tracxn Technologies rises 5% in market debut after muted IPO

The public issue of Traxcn was bought just 2.01 times by investors during October 10-12, largely supported by qualified institutional buyers who had 75 percent quota in the IPO.

Tracxn Listing Day | Goal is to build an iconic data providing company from India, like how Infosys is an iconic software company from India: Founders Abhishek Goyal and Neha Singh

Tracxn Technologies, a private markets information provider, is all set to list later today, in what will be the first listing of a venture capital-backed software-as-a-service company in India this year.

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Tracxn Technologies shares to list today; experts predict a tepid debut

Given the muted response to the IPO, high valuations (not only FY22 basis but also on Q1FY23 basis), IPO being an entirely offer for sale, and rising fears of global recession, the listing may be either at par or discount to the issue price of Rs 80 per share, experts said.

Tracxn Technologies IPO | Know the latest grey market premium, allotment and listing dates

The allotment date of the IPO, which was the 22nd initial public offering in calendar year 2022, is October 17. The shares will be listed on October 20. While the bids of retail investors and QIBs were 4.87 times and 1.66 times their allotted quota, the response from non-institutional investors was muted.

Tracxn Technologies IPO subscribed 2.01 times on final day, QIB portion booked 1.66 times

Qualified institutional investors are yet to bid even as Tracxn looks to mobilise Rs 309 crore through the IPO, which is an offer for sale

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Tracxn Technologies IPO subscribed 54% on Day 2, retail portion booked 2.60 times

Co-founders Abhishek Goyal and Neha Singh, who hold 23.81 percent shareholding each, will offload 76.62 lakh shares each via the issue. Flipkart founders will exit the company by selling 12.63 lakh shares each.

Tracxn Technologies IPO subscribed 23% on day one as retail portion fully booked

Flipkart founders Sachin Bansal and Binny Bansal-backed Tracxn Technologies is set to mop up Rs 309.37 crore through its initial public offering at the upper end of the price band of Rs 75-80 per share. It is entirely an offer for sale so the company will not receive any funds from the issue.