Tracxn Technologies IPO: High attrition, losses keep analysts apprehensive

Tracxn Technologies IPO review: Attrition continues to remain at elevated levels. The company's bottom-line performance has been disappointing in the last three years. It turned profit positive in Q1

Tracxn Technologies’ initial public offering (IPO) opened for subscription on Monday and will close on Wednesday. The price band for the Rs 309 crore issue, which is entirely an offer-for-sale, has been fixed at Rs 75-80 per share.

The promoters will offload a cumulative stake of 15.28 per cent in the company via the issue.

The company is a leading global market intelligence data provider, which offers data of private companies operating across emerging technology spaces such as IoT, AI, virtual reality, robotics, blockchain etc.

With an asset-light business model, it operates a subscription-based software as a service (SaaS) platform