Tracxn Technologies Ltd is a Bengaluru-based analytics firm that has filed draft papers with the Securities Exchange Board of India (SEBI) to raise funds via a share sale.

The initial public offering comprises a pure offer for sale of up to 38.67 million shares by its existing shareholders and promoters. The OFS consist of up to 7.66 million shares each by Neha Singh and Abhishek Goyal, 1.26 million shares each by Binny Bansal and Sachin Bansal, 10.98 million shares by Elevation Capital, 4.02 million shares by Accel India IV Mauritius, and 2.18 million shares by SCI Investments V.

• Signature Global Shares Soar 6% on Entering a Rs 1,283 Crore JV 
• Ashoka Buildcon Shares Slump 3% Despite Securing Rs 410 Crore Project 
• Zydus Lifesciences Gets USFDA Nod; Stock Trades Flat
• Religare Enterprises Shares Slumped 6% on Demerger Plan 
• Natco Pharma Gets CDSCO Nod; Shares Rally 12.5%

Apart from these, Sahil Barua, Deepak Singh, Trustees, Kolluri Living Trust, Milliways Fund LLC, Rathnagirish Mathrubootham, Apoletto Asia Ltd, Trustees, NRJN Family Trust, Manoj Kumar Gandhi, WGG International Ltd also plans to sell via OFS.

Sachin Bansal and Binny Bansal hold a 1.26 per cent stake each, while Elevation Capital has a 21.89 per cent stake in the firm. IIFL Securities is the sole book-running manager for this issue.

Stock Covered in the news

IIFL Securities Ltd-View Detailed Analysis