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?

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