Market intelligence platform Tracxn Applied sciences on Friday stated it has raised slightly greater than Rs 139 crore from anchor traders.
The corporate’s Preliminary Public Providing (IPO) might be fully an Provide For Sale (OFS) of 38,672,208 fairness shares by promoters and traders. It can open for subscription on October 10.
It has determined to allocate a complete of 1.74 crore fairness shares to anchor traders at Rs 80 apiece, aggregating the transaction dimension to Rs 139.22 crore, in line with a round uploaded on BSE web site.
India Acorn Fund, BNP Paribas Arbitrage, Whiteoak Capital, Kotak Mutual Fund (MF), ICICI Prudential MF, Nippon India MF and Reliance Basic Insurance coverage Firm are among the many anchor traders.
The OFS will see sale of as much as 76.62 lakh shares every by promoters — Neha Singh and Abhishek Goyal –, as much as 12.63 lakh shares every by Flipkart founders — Binny Bansal and Sachin Bansal.
As much as 1.09 crore shares might be offloaded by Elevation Capital, 40.2 lakh shares by Accel India IV Mauritius, 21.81 lakh shares by SCI Investments V, 2.07 lakh shares by Sahil Barua, amongst others.
The problem, with a value band of Rs 75-80 per share, will open for public subscription on October 10 and shut on October 12. On the higher finish of the worth band, the IPO is predicted to garner Rs 309 crore.
The Bengaluru-headquartered firm operates on a Software program as a Service (SaaS) mannequin and is among the many main market intelligence suppliers for personal firm information.
Tracxn was launched in 2015 by Neha Singh and Abhishek Goyal who’ve had their stints as enterprise capitalists at Sequoia and Accel Companions, respectively.
As of June this 12 months, the corporate had 3,271 customers throughout 1,139 buyer accounts in over 58 international locations.
