Market intelligence platform Tracxn Applied sciences has raised a bit greater than Rs 139 crore from anchor buyers.
The corporate’s preliminary public providing (IPO) will probably be totally a proposal on the market (OFS) of 38,672,208 fairness shares by promoters and buyers. It’s going to open for subscription on October 10.
The corporate has determined to allocate a complete of 1.74 crore fairness shares to anchor buyers at Rs 80 apiece, aggregating the transaction dimension to Rs 139.22 crore, in line with a round uploaded on the Bombay Inventory Trade web site.
India Acorn Fund, BNP Paribas Arbitrage, Whiteoak Capital, Kotak Mutual Fund (MF), ICICI Prudential MF, Nippon India MF, and Reliance Common Insurance coverage Firm are among the many anchor buyers.
The OFS will see sale of as much as 76.62 lakh shares every by promoters Neha Singh and Abhishek Goyal and as much as 12.63 lakh shares every by Flipkart founders Binny Bansal and Sachin Bansal.
As much as 1.09 crore shares will probably be offloaded by Elevation Capital, 40.2 lakh shares by Accel India IV Mauritius, 21.81 lakh shares by SCI Investments V, and a couple of.07 lakh shares by Sahil Barua, amongst others.
The problem, with a worth band of Rs 75-80 per share, will open for public subscription on October 10 and shut on October 12. On the higher finish of the worth band, the IPO is anticipated to garner Rs 309 crore.
Tracxn was launched in 2015 by Neha Singh and Abhishek Goyal, who’ve had stints as enterprise capitalists at Sequoia and Accel Companions, respectively. The Bengaluru-headquartered market intelligence supplier operates on a software-as-a-service (SaaS) mannequin.
As of June this 12 months, the corporate had 3,271 customers throughout 1,139 buyer accounts, in over 58 nations.