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
Layoffs: Retrenchment continues in companies, now PepsiCo is planning to sack hundreds of employees
After Twitter, Amazon, and Facebook, now PepsiCo company is also planning to lay off employees. P
Nothing is going well in China at the moment. People have taken to the streets against the zero c
CEE KEAM 2023 Rank List Out: The Commissioner of Entrance Examinations (CEE) Kerala has published
There will be a fourth attempt on February 16 to conduct the election of the mayor of the Municip
Petrol Diesel Price: Oil companies have released the prices of petrol and diesel for today. Today
Maharashtra: Lawrence Bishnoi gang now threatens Sanjay Raut, says - will behave like Moosewala
Shiv Sena leader Sanjay Raut has been threatened with death by the Lawrence Bishnoi gang. After w
An earthquake of magnitude 5.0 on the Richter scale hit the Morigaon district of Assam in the ear
Adipurush New Poster: Prabhas has once again tightened his gear. These days he is in constant dis
In the last 24 hours, 406 new cases of Covid-19 have been reported in India. The total number of
China, who was shocked by Taiwan and Pentagon relations, said- will control Taiwan if needed
China strongly criticized the visit to Taiwan by a senior Pentagon official and confirmed that Ta
