The IPO of Tracxn Technologies, which was open for three days, has been almost double subscribed till the time of its close on Wednesday. The IPO worth ₹309 crores has received bids for 4.27 crore shares as against 2.12 crore shares, as per NSE data. The price band was fixed at ₹75 to ₹80 per share.
According to market experts, Tracxn Technologies shares have fallen at a premium (GMP) in the gray market. According to experts who watch the gray market, the company's shares are available in the market at a premium of Rs 0. Yesterday these were available at a discount of Rs. From the investor's point of view, this cannot be considered a good sign.
According to experts, gray markets are pointing to a weak listing. The company's shares were available at a premium of Rs 6 last week. The company's stock is expected to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on 20 October 2022 (Thursday).
The shares of Tracxn Technologies IPO have been issued, the shares are to be credited to the Demat account of the bidders on October 19, 2022 (Wednesday). The registrar of this IPO is Link Intime India Pvt Ltd, hence the status of its allotment application can be checked on the registrar's website or BSE's website.
The IPO of Tracxn Technologies is an offer-for-sale (OFS) of 38,672,208 equity shares issued entirely by promoters and investors. In the OFS, 76.62 lakh shares have been sold separately by the promoters of the company Neha Singh and Abhishek Goyal. At the same time, 12.63 lakh shares of Flipkart founders Binny Bansal and Sachin Bansal have been sold.
Also Read: Indian economy picks up pace amid world slowdown, exports rose to $35 billion in September
The phone talk between the generals of America and Pakistan, including the security situation, these issues were important
General Mark Milley and Syed Asim Munir Talks: A day after the terrorist attack in Kabul, General Mark Milley, Chairman of the US Joint Chiefs of Staff, on Thursday spoke to Pakistan Army Chief
Russian President slips down the stairs: Putin collapses at his home in Moscow, the claim of suffering from cancer gains momentum
A US media report has claimed that Russian President Vladimir Putin is seriously ill and fell down the stairs of his official residence in Moscow last week. However, the next day after this incident,
BJP leader in Ram Rahim's Satsang: Deputy Speaker said - Old relation with Dera, it is my good fortune to get your blessings
Haryana Deputy Speaker Ranbir Gangwa and Hisar Mayor Gautam Sardana's wife participated in the virtual Satsang program of Dera Sacha Sauda chief Gurmeet Ram Rahim. The message of this program was
India-Yemen Ties: Indian representative in UNSC said – We have taken steps for Yemen by giving priority to wheat exports
India's Permanent Representative to the United Nations Ruchira Kamboj on Tuesday highlighted India's humanitarian assistance to Yemen. He said New Delhi has taken steps for food security in Yemen by
Arvind Kejriwal: 'Are the people of Delhi, Punjab and Gujarat Pakistanis?' CM Kejriwal angry over Amit Shah's statement
Delhi Chief Minister Arvind Kejriwal held a press conference on Tuesday. He said that the fifth phase of elections is over and as the elections are being held, it is
Climate worsens in Delhi, AQI reaches 'very serious' category; Will odd-even be imposed again in the capital?
Since the bursting of firecrackers on Diwali night and increasing incidents of stubble burning in neighboring states, the level of pollution in Delhi is increasing day by day, due to which the air
Mahfuz Alam: The mastermind who plotted to remove Sheikh Hasina government, Mohammad Yunus himself introduced him to the world
The movement against the Sheikh Hasina government in Bangladesh was not spontaneous. This means that a conspiracy was hatched to oust Sheikh Hasina from the post of Prime Minister, the mastermind of
Operation Sindoor: Pakistan was eyeing the mock drill, then India carried out Operation Sindoor; Know everything about this
India took revenge for the sindoor that was wiped off from the foreheads of Indian women by Pakistani mercenaries in Pahalgam 15 days ago. On the intervening night of 6 and 7 May, the country's armed
RR vs GT Playing 11: Gujarat Titans will come out to equalize the previous defeat, knowing the playing-11 of the teams
RR vs GT Playing 11 IPL 2023. The finalist teams of IPL 2022 Gujarat Titans and Rajasthan Royals are also looking in great rhythm in the 16th season of IPL. Rajasthan Royals are currently in the
Maharashtra: Salman Khan again received a threat, the demand of Rs 2 crore was also made, Mumbai Police filed FIR
Bollywood actor Salman Khan has once again received a death threat. This time the person threatening him has also demanded Rs 2 crore from him. Mumbai Police has registered an FIR against an unknown
