The Rs 309-crore initial public offering of Tracxn Technologies Ltd., a Ratan Tata-backed company, was subscribed 2.01 times on the final day.
Retail investors led the bidding for shares of the market intelligence provider for private companies. That was followed by demand from institutional investors.
The IPO is an offer for sale with a price band of Rs 75-80 apiece. It was subscribed 54% on the second day.
Flipkart promoters, which were early-stage investors in the company, will be exiting via the offer for sale. Tata will continue to remain invested in the company.
The issue represents 38.55% of the company's equity capital following the offering. At the upper end of the price range, the company is worth Rs 802 crore.
Subscription Status: Day 3
The IPO was subscribed 2.01 times as of 05:03 p.m. on Oct. 12.
Institutional investors: 1.66 times.
Non-institutional investors: 0.80 times.
Retail investors: 4.87 times.
Watch BQ Prime's IPO Adda With Tracxn Technologies
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