Tracxn Technologies IPO Opens moment All You Need To Know Tracxn Technologies' IPO opens on Monday. Its price band has been kept at Rs 75- 80. This will be a complete IPO offer for trade. Under this, the company will raise 310 crore rupees by dealing 38672208 equity shares.
New Delhi : Business office. There's good news for those who invested in IPO in the stock request. Another company's IPO in the request has opened for investors on Monday. The name of this company is Tracxn Technologies Limited( TTL). This IPO will be open from October 10( Monday) to October 12( Wednesday).
The company's full IPO offer will be for trade. Under this, the company will raise Rs 310 crore by dealing equity shares. Offer for trade means that all the plutocrat raised by dealing the equity shares will go to the protagonist and the being shareholders. After this IPO, the protagonist's stake in the company will come down from50.98 percent to35.65 percent.
Price band :
The price band for the IPO has been kept at Rs 75- 80 by the company. A lot of 185 shares has been created in thisIPO.However, he'll have to invest at least 185 shares or Rs 14, 800, If an investor wants to bid for the shares. An investor can apply for a outside of 13 lots.
When will the allotment be made?
Tracxn Technologies' IPO will close on October 12. Allotment of shares can be done five days latterly till October 17. It'll be listed on NSE and BSE on October 20.
What does the company do?
TTL was established in the time 2012. It's the world's largest request intelligence data company. The company has an asset- light business model. The company deals in arising technologies similar as Internet of effects, Artificial Intelligence, Virtual Reality, Robotics, Block Chain and Electric Vehicles. As of June 30, 2022, the company has,139 client accounts in 58 countries and has,271 druggies.
