Tracxn Technologies announces launch of initial public offering
Tracxn Technologies Ltd. has announced public offering of 38672208 shares at a price of Rs 1.00 each for Cash at a Premium of Rs 79.00 per share. The gross proceeds of the issue are expected to be Rs 30,937.77 lakhs. The company's initial public offer (IPO) will open on 10 October 2022 and is expected to close on 12 October 2022, subject to customary closing conditions.
The price band of the issue has been fixed at Rs 75.00-80.00 per share. The IPO includes a fresh Issue of 38672208 Equity Shares of the Company at an price of Rs 80.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 185 shares with bids in multiples of 185. Tracxn Technologies Ltd. anticipates using the proceeds of the issue for . IIFL Securities Limited as lead manager & Link Intime India Private Limited is the registrar, to the issue.
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