Tracxn Tech Listing:
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Expansion
Shares of Traxor Tech, a company that provides market intelligence data to private companies, got listed on the stock market on Thursday. Company shares have made a good start despite the weakness in the market. After listing, the shares of the company are trading at a price of Rs 95.30 with a premium of about 20 percent against the issue price of Rs 80.
The company’s shares have reached a high of Rs 99.60 on Thursday in intra-day, in which the shares have received a premium of about 40 percent. However, the company’s shares were listed in the market at Rs 83 per share with a premium of just 3.75 per cent.
The IPO of Tracxn Technologies was an offer-for-sale (OFS) of 38,672,208 equity shares issued entirely by promoters and investors. In the OFS, 76.62 lakh shares were sold separately by the company’s promoters Neha Singh and Abhishek Goyal. At the same time, 12.63 lakh shares of Flipkart founders Binny Bansal and Sachin Bansal were sold.