Tracxn Tech Listing: Good listing despite market weakness, shares reached 40% premium

Posted on 20th Oct 2022 04:25 pm by rohit kumar

Shares of Traxor Tech, a company that provides market intelligence data to private companies, got listed on the stock market on Thursday. Company shares have made a good start despite the weakness in the market. After listing, the shares of the company are trading for Rs 95.30 with a premium of about 20 percent against the issue price of Rs 80.

 

The company's shares reached a high of Rs 99.60 on Thursday intra-day, in which the shares received a premium of about 40 percent. However, the company's shares were listed in the market at Rs 83 per share with a premium of just 3.75 percent.

 

 

The IPO of Tracxn Technologies was an offer-for-sale (OFS) of 38,672,208 equity shares issued entirely by promoters and investors. In the OFS, 76.62 lakh shares were sold separately by the company's promoters Neha Singh and Abhishek Goyal. At the same time, 12.63 lakh shares of Flipkart founders Binny Bansal and Sachin Bansal were sold.

 

Also Read: Tracxn Technologies IPO: Not showing interest in a gray market, know when will it be listed in the stock market?

Other news

Bigg Boss 18: 'Every politician is hungry for popularity', Tajinder Singh Bagga takes a dig at today's politics

Politician Tajinder Singh Bagga is currently seen in Salman Khan-hosted reality show 'Bigg Boss S

Weather Update: Under the shadow of Red and Orange Alert, there is a possibility of heavy rain in many states of the country, Delhi and other states

Monsoon is raining in most of the states of the country. Given the heavy rains, the Meteorologica

Amitabh Bachchan: News of Big B's angioplasty turned out to be fake, Amitabh breaks silence on the rumor of being ill

On Friday, the news went viral rapidly, which worried the fans of Bollywood's Shahenshah Amitabh

PM Modi wished the countrymen a Happy New Year, and wrote an emotional message in a poetic style

The New Year 2025 has started with great enthusiasm in the country and across the world. After we

Akshara Singh Death Threat: 'If you don't give 50 lakhs in two days then...', after Shahrukh-Salman, now Bhojpuri actress Akshara Singh gets a death threat

After Salman Khan and Shahrukh Khan, now Bhojpuri actress Akshara Singh has received death threat

'I can do anything...', Nimrat Kaur broke silence on news of affair with Abhishek Bachchan.

Bollywood actress Nimrat Kaur is in the news these days for dating rumors with Abhishek Bachchan.

Will Lawrence Bishnoi contest elections now? Who gave him the offer to join politics?

There is not much time left for the Maharashtra Assembly elections. In such a situation, a strang

Pune Car Crash: The blood sample of a minor nobleman was thrown in the garbage, the truth came out through this maneuver of the police.

These days the road accident in Pune is being discussed in the country. A speeding luxu

President Draupadi Murmu honored 27 NRIs: Shivraj apologized with folded hands on the second day as well, and said – forgive us if there is any inconvenience

The 3-day Pravasi Bharatiya Sammelan concluded on Tuesday in Indore. On the last day of the event

Sanjauli Mosque Dispute: There is a curfew-like atmosphere in Sanjauli due to the mosque dispute, Hindu organizations are protesting

Shimla Masjid Case: The dispute over Sanjauli Masjid in Shimla, the capital of Himachal Pradesh,