Tracxn Technologies IPO
Tracxn Technologies Limited (TRACXN) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 20 October 2022.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +0.5% (likely range -22% to +9%), day's high +5.6%, chance of a gain 50%. Actual: +5.6% at the open, +25.0% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 1,16,01,663 | 1,92,84,030 | 1.66x | |
| NII (HNI) total | 58,00,831 | 46,14,270 | 0.80x | |
| Big NII (above ₹10 lakh) | 38,67,221 | 27,96,275 | 0.72x | |
| Small NII (₹2-10 lakh) | 19,33,610 | 18,17,995 | 0.94x | |
| Retail | 38,67,220 | 1,88,31,890 | 4.87x | |
| Total | 2,12,69,714 | 4,27,30,190 | 2.01x |
Bids on NSE and BSE together, as published by NSE, as of 12 Oct 2022, 07:00 PM. Shares offered exclude the anchor portion. 38% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Tracxn Technologies's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Suryoday Small Finance BankMar 2021 | 2.18x | 1.31x | 3.09x | 2.37x | ₹582 Cr | -4.3% | -2.8% |
| Tejas NetworksJun 2017 | 2.16x | 0.48x | 3.10x | 1.88x | ₹803 Cr | 0.0% | +5.6% |
| Rail Vikas NigamApr 2019 | 1.36x | 0.80x | 2.93x | 1.83x | ₹842 Cr | 0.0% | +4.2% |
| Precision CamshaftsJan 2016 | 2.62x | 0.73x | 2.01x | 1.91x | ₹424 Cr | -11.3% | -0.5% |
| Khadim IndiaNov 2017 | 2.44x | 0.18x | 2.33x | 1.90x | ₹544 Cr | -2.7% | -1.4% |
| Bharat Road NetworkSep 2017 | 1.33x | 1.63x | 5.69x | 1.81x | ₹1,276 Cr | 0.0% | +6.8% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| IIFL Securities | 94 | +19.3% | 71% |
Offer documents (NSE)
Frequently asked
What is the Tracxn Technologies IPO price band and lot size? ₹75.0–80.0 per share, with a lot of 185 shares, so the smallest retail bid is ₹14,800.
How many times has it been subscribed? 2.01x overall: QIB 1.66x, NII 0.80x, retail 4.87x.
How did it list? It opened at ₹84.5, +5.6% against the issue price of ₹80.0, and closed its first day +16.6%.
