The Tracxn Technologies Limited IPO subscription was open from 10th October 2022 to 12th October 2022, within which retail investors made their applications to invest in shares of the company. This IPO’s price band ranged between Rs. 75 to Rs. 80 per share. The minimum lot size for subscription in this IPO was 185 shares.
The issue was subscribed 2.01 times.
Investors who have made an application for this IPO allotment can check their allotment status as per the steps and details are given below.
What is the Grey Market premium (GMP) for Traxcn IPO?
The shares of Tracxn Technologies Limited have not yet been traded on the grey market, hence, the Grey Market Premium (GMP) is nil.
What is IPO allotment?
As part of any IPO allotment process, the offer’s registrar allocates the company’s shares to bidders who have made an application for an IPO subscription. In most large-cap IPOs, this process generally takes a week from the IPO release date. For small-cap IPOs, it may take longer, especially in case the IPO subscription does not reach the threshold requirement.
Read more: Difference between New Fund Offer (NFO) and Initial Public Offer (IPO)
What is the process to check IPO application status?
IPO allotment status contains details, such as the total number of shares allotted to a bidder or investor. To check the status of the allotment, investors must wait until the IPO allotment date. The information is released to the public on the IPO registrar’s website post this date. IPO applicants or bidders can check their application status online through the BSE or NSE websites. An applicant can also check the status on the official registrar’s website. Investors or IPO subscription applicants can also know about the IPO allotment status through emails or SMS sent by BSE, NSE, CDSL, or NSDL.
Steps to check Tracxn IPO allotment status on Fisdom app
On the Fisdom app, an investor can check the allotment status of an IPO by going to his/her Order Book once the allotment process is complete.
Read more: 6 things to keep in mind while investing in IPOs/
Steps to check IPO allotment status on the BSE website
Investors who have bid for the IPO can check the allotment status through the Bombay Stock Exchange (BSE) website by following the steps mentioned below:
- Go to the BSE website – https://www.bseindia.com/investors/appli_check.aspx
- Within the option of issue type, select ‘Equity’
- In the ‘issue name’ section, choose the Tracxn Technologies Limited IPO from the dropbox
- Mention the application number
- Provide PAN details
- Select ‘I am not a Robot’ and click on submit to check the status
Steps to check Tracxn IPO allotment status by visiting the Registrar of the issue
The Registrar of the issue for Tracxn Technologies Limited IPO is Link Intime India Private Limited. To check the status of allotment with the Registrar of the issue, here are the steps to be followed.
- Visit the Link Intime India IPO allotment status webpage through the following link, https://linkintime.co.in/MIPO/ipoallotment.html
- Select Tracxn Technologies Limited IPO from the dropdown menu
- Investors can choose either PAN Number, Application Number, or DP Client ID to check the status of allotment.
- Click ‘Search’ to check the allotment status.
With multiple IPOs being launched in India in the last few years, these tend to attract significant media attention and interest. Many IPOs see large-scale subscriptions from both retail investors and large institutional investors. The IPO allotment status is used by market experts as an indicator of the overall investor interest levels that the company has managed to attract in the market. Companies usually share IPO calendars to keep investors informed about the chronology of IPO events. Post the IPO allotment, the company’s shares are listed on the stock exchange for trading.
A. The price band for the Tracxn Technologies IPO is Rs. 75 to Rs. 80 per share.
A. The shares of Tracxn Technologies Limited are available for subscription in the lot size of 185 shares for the IPO. The maximum available lots under the IPO are 13 lots (2405 shares).
A. The IPO size for Tracxn Technologies Limited is approximately Rs.309 crores
A. The entire IPO is an Offer For Sale and there is no fresh issue.
A. The objective of this IPO is to have the sale proceeds towards the promotors as well as gain the listening benefits for the company.
A. The shares of Tracxn Technologies Limited have not yet been traded on the grey market, hence, the Grey Market Premium (GMP) is nil.