Tracxn Technologies IPO: GMP, subscription status

The initial public offering (IPO) of Flipkart founders-backed Tracxn Technologies Limited is going to hit primary markets today.

The three days subscription of Tracxn Technologies IPO has opened today and it will remain open for bidding till 12th October 2022.

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The market intelligence data provider company has fixed Tracxn Technologies IPO price at ₹75 to ₹80 per equity share.

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Meanwhile, shares of Tracxn Technologies are available at a premium of ₹6 in grey market today.

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According to market observers, Tracxn Technologies IPO grey market premium (GMP) today is ₹6.

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The price band of the public issue has been fixed at ₹75 to ₹80 per equity share.

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Till 2:30 PM on day one of bidding, the public issue has been subscribed 0.14 times with its retail portion booked 0.77 times and NIIs bid 0.01x, a per BSE data.

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The market intelligence data provider company aims to generate ₹309.38 crore from its public offer.

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A bidder will be able to apply in lots and one lot will comprise 185 company shares.

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The public issue is a book build issue and it is 100 per cent offer for sale (OFS) in nature.

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A bidder will be able to apply for minimum one lot and maximum 13 lots.

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