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
DMK MP Kanimozhi Karunanidhi filed a notice of breach of parliamentary privilege on Monday agains
The 29th edition of the Kolkata International Film Festival (KIFF) began with grandeur at the Net
Even after the announcement of a 25 percent duty and penalty on Indian imports from August 1, 202
Britain's first space mission 'The Start Me Up' failed late on Monday night. Virgin Orbit, the co
According to Siraj-ul-Haq, chief of Pakistan's biggest political and religious party, Jamiat-e-Is
The bars of the jail will also become a witness to the increase of the dynasty. The jailed husban
Illegal Mining Case: ED notice to Jharkhand CM Hemant Soren, called for questioning tomorrow
The problems of Chief Minister Hemant Soren may increase in the illegal mining case in Jharkhand.
PM Modi: PM Modi will gift many projects to Maharashtra today, will inaugurate National Games in Goa
Prime Minister Narendra Modi will today launch projects worth over Rs 7,500 crore aimed at benefi
The matter of controversial comments in 'India's Got Latent' is constantly in the headlines. A po
The ongoing war between Russia and Ukraine does not seem to be stopping yet. Meanwhile, the Presi
