Founded in 2013, Tracxn Technologies provides market intelligence data for private companies. The company’s extensive global database along with customized solutions and features allows its customers to source and track companies across sectors and geographies to address their requirements.

Tracxn Technologies Limited IPO

The company is ranked among the top five players globally in terms of the number of companies profiled offering data of private market companies across sectors and geographies. The company operates a Software as a Service (SaaS)- based platform called Tracxn, which has scanned over 550 million web domains, and profiled over 1.4 million entities across 1,805 feeds categorized across industries, sectors, sub-sectors, geographies, affiliations, and networks globally, as of May 31, 2021. The platform has 2,358 users across 855 customer accounts in over 50 countries. The company offers private company data to its customers for deal sourcing, identifying M&A targets, deal diligence, analysis, and tracking emerging themes across industries and markets, among other uses, through its Tracxn platform.

TRACXN TECHNOLOGIES IPO OBJECTIVE

To achieve the benefits of listing the equity shares on the Stock Exchanges and the sale of up to 38,672,208 Equity Shares by the selling shareholders

POSITIVES

NEGATIVE

TRACXN TECHNOLOGIES IPO DETAILS

Subscription Dates	Coming soon
Price Band	Coming soon
Fresh issue	NIL
Offer For Sale	38,672,208 shares
Total IPO size	38,672,208 shares
Minimum bid (lot size)	Coming soon
Face Value	INR 1 per share
Retail Allocation	10%
Listing On	NSE, BSE

TRACXN TECHNOLOGIES IPO TIMELINE

IPO Open Date	8 Dec 2021
IPO Close Date	10 Dec 2021
Basis Of Allotment Date	Not Announced
Initiation Of Refunds	Not Announced
Credit Of Shares To Demat ACcount	Not Announced
IPO Listing Date	Not Announced

So, how does TRACXN TECHNOLOGIES IPO Fare in Terms of Financials?

The company has been operating for almost two decades and has been one of the most successful airline companies of this country. Its revenue figures will reflect a gradual progression as well.
The operational motto of Go Airlines has remained the same. It has worked to make airline travel pocket-friendly, which has landed well with the growing middle-class segment in India.
Go Airlines operates in routes that are profitable and connect more than 25 cities. Apart from the metropolitans, it also focuses on operations in tier-II cities, which aid it to expand its customer base. Additionally, the company operates in 10 popular international destinations spreading across South-East Asia and the Middle East.
Operational efficiency and strong backing from the Wadia Group helps to maintain the stability of Go Airlines over the years, and hopefully in future as well.

Financial Details

	FY2019	FY2020	FY2021
Revenue	66.8	6.3	55.7
Expenses	54.4	60.3	61.1
Net income	12.4	(54.0)	(5.3)
Margin (%)	18.6	(857.1)	(9.5)

FINANCIAL REVIEW

TRACXN TECHNOLOGIES IPO VALUATIONS

	FY2019	FY2020	FY2021
EPS	(1.75)	(5.54)	(1.52)
PE ratio	–	–	NA
RONW (%)	14.96	(39.95)	(24.06)
ROCE (%)	NA	NA	NA
EBITDA (%)	(62.04)	(60.12)	(38.97)
Net Debt/Equity	NA	NA	NA
NAV	(8.50)	(13.87)	2.28

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VALUATION REVIEW:

TRACXN TECHNOLOGIES IPO – SWOT ANALYSIS

Strengths

One of the leading providers of market intelligence data for private companies globally
Diverse, longstanding, and growing global customer base
In-house developed, scalable, and secure technology platform
Significant cost advantages from India-based operations
Experienced promoters, board of directors, and senior management team backed by marquee investors

Weaknesses

Opportunities

Threats

COMPETITIVE ANALYSIS: MARKET PEERS

TRACXN TECHNOLOGIES IPO GMP

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Grey market premium as on DD-MM-YYYY= Rs /Share
Grey market premium as on DD-MM-YYYY = Rs /Share

Disclaimer:

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