Ratan Tata, Flipkart founder backed Tracxn Technologies IPO to open next week, know price band

Tracxn Technologies IPO: Ratan Tata, Flipkart’s founder Binny Bansal, Sachin Bansal and Delivery co-founder Sahil Barua backed Tracxn Technologies’ IPO (IPO) to open next week. He is going. The company has fixed its price band for the IPO. The IPO will open on October 10 and investors can apply for the IPO till October 12.

what is price band
Tracxn Technologies has fixed its IPO. 75 to 80 per share price has been fixed. The company is going to raise Rs 290 to 309 crore through IPO. The IPO will open on Monday, October 10, 2022 and investors can apply till October 12.

In the IPO, the shares will be sold completely through offer for sale. The promoters and investors of the company are going to offload 38,672,208 shares in the IPO. Promoters Neha Singh and Abhishek Goyal are going to sell 76.62 lakh shares. On the other hand, Flipkart’s founder Binny and Sachin Bansal are preparing to sell 12.63 lakh shares in the IPO. Bangalore-based Tracxn Technologies is one of the world’s leading market intelligence providers.

Big Investor Invested
Ratan Tata, Chairman Emeritus of Tata Sons, is one of the company’s investors. Along with Binny Bansal and Sachin Bansal have also invested in the company. Tracxn Technologies has many Fortune 500 companies among its customers.

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