Tracxn Technologies IPO: Here’s how you can check the allotment status

• Tracxn Technologies has announced its share allotment status today.
• The IPO has witnessed tepid demand from investors due to its losses and PE investors’ partial/full exit via IPO.
• The IPO will be listed on October 20 on exchanges.

Bengaluru-based data provider Tracxn Technologies has announced the allotment status of its initial public offering (IPO) today, October 17.

The IPO was open for subscription from October 10-12. It received bids for 4.27 crore equity shares as against 2.12 crore shares on offer.

The IPO has received tepid high demand from investors amidst volatile market conditions, as it was subscribed by just 2.01 times.

The qualified institutional buyer portion was subscribed 1.66 times. The reserved portion of non-institutional investors witnessed a subscription of 0.80 times. Retail portion saw a subscription of 4.87 times.

The grey market premium (GMP) of the company’s shares indicate a discount of ₹4.

Analysts and investors are concerned about the IPO as the company is loss-making and private equity and other investors are making a full/partial exit via the IPO.

While the company has reported good business growth in the last three fiscal years, the operations are still loss making.

The IPO will be entirely an offer for sale (OFS) of 3.86 crore equity shares by promoters and investors.

Here is how to you can check Tracxn Technologies IPO allotment status on stock exchange website:

• Go to the BSE website or NSE website here.
• On BSE, Select 'Equity' and then from the dropdown, select ‘Tracxn Technologies’.
• Now, enter your application number and PAN.
• Click on 'Search'.
• Please note the details will only be available once the shares are allotted.

You can also visit the registrar website (Link Intime India) to check your application status.

• Visit the registrar's website here.
• Click on 'Select company' and click on ‘Tracxn Technologies’.
• Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.
• Enter the captcha code and click ’submit’.

Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

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