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.
The Rs 309 crore offer for sale (OFS), which is being sold in Rs 75-80 price band, will conclude later in the day. Last heard, Tracxn Technologies was commanding a premium of Rs 8 per share in the grey market.
Tracxn technologies IPO of up to 3,86,72,208 equity shares is in a price range of Rs 75-80 a share. Tracxn Technologies had last week said it has raised a little more than Rs 139 crore from anchor investors.
The Retail Individual Investors (RIIs) portion got subscribed most – 4.55 times, followed by Qualified Institutional Buyers (QIBs) by 1.6 times a few hours before the subscription close on the final day. Get more Markets News and Business News on Zee Business.