Trafiksol ITS Technologies Limited IPO

NiftyTrader • September 10, 2024

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Trafiksol ITS Technologies Limited IPO

Trafiksol ITS Technologies Limited IPO opens on September 10, 2024, and closes on September 12, 2024. The allotment for the Trafiksol ITS Technologies Limited IPO is anticipated to be completed on Friday, September 13, 2024. The IPO will be tentatively listed on the BSE and SME on Tuesday, September 17, 2024.

Trafiksol ITS Technologies Limited IPO’s price band is Rs 66 to Rs 70 per share. The IPO is a book-built issue of Rs 44.87 crores. The issue is entirely a fresh issue of 64.1 lakh shares.

Trafiksol ITS Technologies IPO Details

IPO Date	September 10, 2024 to September 12, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹66 to ₹70 per share
Lot Size	2000 Shares
Total Issue Size	6,410,000 shares (aggregating up to ₹44.87 Cr)
Fresh Issue	6,410,000 shares (aggregating up to ₹44.87 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE SME
Shareholding pre-issue	17,925,000
Shareholding post-issue	24,335,000
Market Maker portion	322,000 shares

Trafiksol ITS Technologies IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amounts.

Application	Lots	Shares	Amount
Retail (Min)	1	2000	₹140,000
Retail (Max)	1	2000	₹140,000
S-HNI (Min)	2	4000	₹240,000

Trafiksol ITS Technologies IPO Objectives

The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

To Meet Working Capital Requirement.
Purchase of Software;
To meet the General Corporate Purposes; and
Repayment/prepayment, in part or full, of certain borrowings;

About Trafiksol ITS Technologies Limited

TrafikSol ITS Technologies Limited, established in 2018, specializes in intelligent transportation systems and automation solutions. The company excels in delivering both ready-made and custom software solutions, offering a broad range of services including Advanced Traffic Management Systems, Toll Management Systems, Tunnel Management Systems, and solar energy solutions. With a focus on user-centric design, TrafikSol supports diverse projects with its experienced team, extensive customer network, and robust internal structure. The company prides itself on its mission-independent platform, ability to financially close projects, and commitment to innovation and sustainability, all backed by a skilled workforce of 104 employees as of March 31, 2024.

Trafiksol ITS Technologies Limited Financial Information

Trafiksol ITS Technologies Limited’s revenue increased by 80% and profit after tax (PAT) rose by 153% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	6,215.52	3,363.17	2,284.01
Revenue	6,608.5	3,675	2,801.92
Profit After Tax	1,209.3	477.85	205.19
Net Worth	3,412.62	1,208.79	730.94
Reserves and Surplus	1,620.12	1,198.79	720.94
Total Borrowing	1,050.24	798.7	506.42
			Amount in ₹ Lakhs

Trafiksol ITS Technologies IPO Anchor Investor’s Details

Trafiksol ITS Technologies IPO raises Rs 12.75 crore from anchor investors. Trafiksol ITS Technologies IPO Anchor bid date is September 9, 2024. Trafiksol ITS Technologies IPO Anchor Investors list

Bid Date	September 9, 2024
Shares Offered	1,822,000
Anchor Portion Size (In Cr.)	12.75
Anchor lock-in period end date for 50% shares (30 Days)	October 13, 2024
Anchor lock-in period end date for remaining shares (90 Days)	December 12, 2024

Trafiksol ITS Technologies IPO Timeline

Trafiksol ITS Technologies IPO opens on September 10, 2024, and closes on September 12, 2024.

IPO Open Date	Tuesday, September 10, 2024
IPO Close Date	Thursday, September 12, 2024
Basis of Allotment	Friday, September 13, 2024
Initiation of Refunds	Monday, September 16, 2024
A credit of Shares to Demat	Monday, September 16, 2024
Listing Date	Tuesday, September 17, 2024
Cut-off time for UPI mandate confirmation	5 PM on September 12, 2024