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Tracxn Technologies IPO: The IPO received bids for 4.27 crore shares against 2.12 crore shares on offer, according to NSE data. The portion for retail individual investors (RIIs) was subscribed 4.87 times and the category for Qualified Institutional Buyers (QIBs) received 1.66 times subscription.
Tracxn Technologies IPO: The Flipkart founders-backed IPO received bids for 1,15,12,365 shares, which was 54 per cent of the total issue size of 2,12,69,714 shares.
Despite strong retail demand, Tracxn Technologies initial public offering (IPO) attracted a muted response as the issue was subscribed 23 per cent on day 1. The issue will close on October 12. Tracxn Technologies is selling shares in the range of Rs 75-80 per piece and is looking to raise around Rs 310 crore.