Home IPO tracxn technologies ipo: Investors need to wait for a stable profit trend before investing in Tracxn Technologies

tracxn technologies ipo: Investors need to wait for a stable profit trend before investing in Tracxn Technologies

by Chris Williams

Synopsis

The company’s customer base includes venture capital and private equity investors, investment banks, corporates, government agencies, universities, accelerators and incubators. The customer base increased to 1,139 as of June 30, 2022 from 642 as of March 31, 2020.

ET Intelligence group: Bengaluru headquartered Tracxn Technologies, which offers private company data as a subscription based service, plans to offload a chunk of promoters’ and investors’ shares to garner upto Rs 309 crore. The promoters’ stake will fall to 35.7% after the IPO from 50.9%.

The company has global clients and claims to be among the top five global service providers in its domain based on the number of profiled companies. Though

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