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IPO

Tracxn Tech attracts Rs.139-Cr from anchor investors

Business Standard  

Bengaluru-headquartered startup market intelligence platform Tracxn Technologies has raised a little more than INR 139 crore from anchor investors. It will allocate a total of 1.74 crore equity shares to anchor investors at INR 80 apiece. India Acorn Fund, BNP Paribas Arbitrage, Whiteoak Capital, Kotak Mutual Fund (MF), ICICI Prudential MF, Nippon India MF and Reliance General Insurance Company are among the anchor investors. The company's Initial Public Offering (IPO) will be entirely an Offer For Sale (OFS) of 38,672,208 equity shares by promoters and investors. The OFS will see sale of up to 76.62 lakh shares each by promoters - Neha Singh and Abhishek Goyal, up to 12.63 lakh shares each by Flipkart founders -Binny Bansal and Sachin Bansal. Up to 1.09 crore shares will be offloaded by Elevation Capital, 40.2 lakh shares by Accel India IV Mauritius, 21.81 lakh shares by SCI Investments V, 2.07 lakh shares by Sahil Barua. At the upper end of the price band of INR 75-80 per share, the IPO is expected to garner INR 309 crore.