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 |
