The IPO of Tracxn Technologies Limited, backed by the founders of Flipkart, started on October 10, 2022. The last day to subscribe will be October 12, 2022.
The price band is fixed at Rs 75-80 per equity share. Retail investors can apply for one (1) lot (185 shares), and a maximum will be 13 lots.
As of June 30, 2022, Tracxn Technologies had 3,271 users across 1,139 customer accounts in 58 countries, including several Fortune 500 companies and affiliates.
The company's 2021 revenue was Rs.55.74 crores; reported a net loss of Rs 5.35 crore, compared to Rs 54.03 crore last year.
Should you subscribe?
Experts have mixed reviews, few suggest avoiding IPO citing its poor financials and others recommend it for its strong global customer base and backing of founders of Flipkart.
Before making any investment decisions, users are advised to talk with experts who have been trained and certified.
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