Trafiksol ITS Technologies IPO: What You Need To Know

• Trafiksol ITS Technologies IPO is a book-built issue of Rs 44.87 crores.
• This upcoming IPO bidding opens on Sep 10 and closes on Sep 12, 2024.
• Trafiksol ITS Technologies SME IPO price is set at Rs 66 to Rs 70 per share.
• The minimum investment required is Rs 1,40,000.

Trafiksol ITS Technologies IPO: Synopsis

Trafiksol ITS Technologies IPO is open for subscription starting Tuesday, September 10, 2024, and closing on Thursday, September 12, 2024. This upcoming IPO's price is Rs 66 to Rs 70 per share. The minimum lot size set for the retail category is 2000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 4000 shares.

The minimum investment required for retail category investors is Rs 1,40,000 (70 x 2000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,80,000 (70 x 4000 shares).

Trafiksol ITS Technologies IPO is a book-built  issue of Rs 44.87 crores. This upcoming IPO’s is entirely an fresh issue of 64.1 lakh equity shares. The allotment for this new IPO is expected to be finalised on Friday, September 13, 2024. Trafiksol ITS Technologies IPO will be listed on BSE SME on Tuesday, September 17, 2024.

Ekadrisht Capital Private Limited is the book-running lead manager, Maashitla Securities Private Limited is the registrar, and Ss Corporate Securities is the market maker for this IPO.

Also Read | Gajanand International Limited IPO: Important Details of IPO

Trafiksol ITS Technologies IPO: About the company

Trafiksol ITS Technologies IPO was founded in 2018 and provides services for intelligent transportation systems and automation solutions, including software development, consulting and delivery services. Trafiksol ITS offers ready-made software solutions, operating systems, business applications and computer games for all platforms. The company focuses on analysing user needs and problems to deliver customised software solutions, including tailor-made software and ongoing maintenance.

Trafiksol is a specialised EPC company that is involved in various projects in areas such as Advanced Traffic Management Systems, Toll Management Systems and Tunnel Management Systems. Trafiksol platform has been designed to meet different customer requirements, ensuring flexibility and agility at every stage. The company stands out from the market with its diversified portfolio of services, offering comprehensive solutions tailored to the changing needs of customers.

Trafiksol ITS Technologies IPO: Objectives

The funds will be used for the purchase of software and meeting the repayment or prepayment of the certain borrowings of the company. The remaining will be used for meeting the working capital requirements and fulfilling the general corporate purposes.

Trafiksol ITS Technologies IPO: Other Important Details

Time-Table of Trafiksol ITS Technologies IPO

Trafiksol ITS Technologies IPO: Financial Metrics (Amt in Rs Lakhs)

Trafiksol ITS Technologies posted revenue of Rs 6,608.50 lakhs and net profit of Rs 1,209.30 lakhs for the period ending on 31 Mar 2024. The company’s revenue increased by 80% and net profit increased by 153% between the FY ending on 31 Mar 2024 and 31 Mar 2023.

Minimum Investment: Lot Size Details

Promoters of Trafiksol ITS Technologies Limited and Their Holdings

The promoters of Trafiksol ITS Technologies are Jitendra Narayan Das and Poonam Das. The promoters' shareholdings before the IPO were 60.71%; however, after the IPO, shareholdings will decline to 44.72%.

Trafiksol ITS Technologies: Strength of Company

1. Trafiksol ITS Technologies provides comprehensive intelligent transportation systems, automation solutions, software development, consulting and delivery services.

2. The company's return on capital employed is 42.47%.

3. Trafiksol ITS Technologies profit margin is 18.38%.

FAQs

1. What are the details of the Trafiksol ITS Technologies IPO?

Trafiksol ITS Technologies IPO is a book-built issue of Rs 44.87 crores. This upcoming IPO is entirely a fresh issue of 64.1 lakh equity shares. The allotment for this new IPO is expected to be finalised on Friday, September 13, 2024.

2. Who are the lead managers for the Trafiksol ITS Technologies IPO?

Ekadrisht Capital Private Limited is appointed as the book-running lead manager for the IPO.

3. Who is the registrar for this IPO?

Maashitla Securities Private Limited is the registrar for Trafiksol ITS Technologies Limited, handling the IPO's administrative aspects.

4. How can I apply for the Trafiksol ITS Technologies IPO?

The public subscription of this new IPO will open on September 10, 2024. Click here to initiate the application process.

5. How will the net proceeds from the IPO be utilised?

The funds will be used for the purchase of software and meeting the repayment or prepayment of the certain borrowings of the company. The remaining will be used for meeting the working capital requirements and fulfilling the general corporate purposes.

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Trafiksol ITS Technologies Limited IPO by visiting here. For further updates follow Bigul.

Also Read | Shubhshree Biofuels Energy IPO: Things To Consider