Private market intelligence platform Tracxn Technologies on Tuesday said it has fixed a price band of Rs 75-80 per share for its Rs 309-crore initial public offering (IPO).
The initial share-sale will open for public subscription on October 10 and close on October 12, the company said in a statement.
The 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, among others.
At the upper end of the price band, the IPO is expected to garner Rs 309 crore.
The Bengaluru-headquartered company operates on a software as a service (SaaS) model and is among the leading market intelligence
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