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Trafiksol ITS Technologies 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 bidding started from September 10, 2024 and ended on September 12, 2024. The allotment for Trafiksol ITS Technologies IPO was finalized on Friday, September 13, 2024.
Trafiksol ITS Technologies IPO price band is set at ₹66 to ₹70 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹280,000.
Ekadrisht Capital Private Limited is the book running lead manager of the Trafiksol ITS Technologies IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Trafiksol ITS Technologies IPO is Ss Corporate Securities.
Refer to Trafiksol ITS Technologies IPO RHP for detailed information.
| IPO Date | September 10, 2024 to September 12, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹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 |
| Share holding pre issue | 17,925,000 |
| Share holding post issue | 24,335,000 |
| Market Maker portion | 322,000 shares Ss Corporate Securities |
Trafiksol ITS Technologies IPO offers 64,10,000 shares. 12,18,000 (19%) to QIB, 9,14,000 (14.26%) to NII, 21,34,000 (33.29%) to RII and 18,22,000 (28.42%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 18,22,000 (28.42%) |
| Market Maker Shares Offered | 3,22,000 (5.02%) |
| QIB Shares Offered | 12,18,000 (19%) |
| NII (HNI) Shares Offered | 9,14,000 (14.26%) |
| Retail Shares Offered | 21,34,000 (33.29%) |
| Total Shares Offered | 64,10,000 (100%) |
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 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 |
| Credit of Shares to Demat | Monday, September 16, 2024 |
| Listing Date | [.] |
| Cut-off time for UPI mandate confirmation | 5 PM on September 12, 2024 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4,000 | ₹280,000 |
| Lot Size Calculator | |||
Jitendra Narayan Das and Poonam Das are the Promoters of the Company.
| Share Holding Pre Issue | 60.71% |
| Share Holding Post Issue | 44.72% |
TrafikSol ITS Technologies Limited was founded in 2018 and provides comprehensive intelligent transportation systems (ITS) and automation solutions, including software development, consulting and delivery services.
The company offers ready-made and customized software solutions, operating systems, business applications and computer games for all platforms. The company focuses on analyzing user needs and problems to deliver customized software solutions, including tailor-made software and ongoing maintenance.
Trafiksol is a specialized EPC (Engineering, Procurement and Construction) company that carries out a variety of projects in areas such as Advanced Traffic Management Systems (ATMS), Toll Management Systems (TMS) and Tunnel Management Systems.
The company's list of services and solutions includes:
Competitive strengths:
As of March 31, 2024, the company had a total of 104 permanent employees in various departments.
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 | ||||||||||||||||||||||||||||||
The market capitalization of Trafiksol ITS Technologies IPO is Rs 170.34 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 52.12% |
| ROCE | 42.47% |
| Debt/Equity | 0.31 |
| RoNW | 35.44% |
| PAT Margin (%) | 18.38 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.75 | 4.97 |
| P/E (x) | 10.38 | 14.09 |
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] The company is engaged in providing comprehensive solutions for intelligent transportation systems and automation along with related IT developments. Its last three fiscal’s performance indicates the likely trends ahead. Based on FY24 earnings, the issue relatively appears reasonably priced. Investors may park funds for medium to long term. Read detail review...
The Trafiksol ITS Technologies IPO is subscribed 345.65 times on September 12, 2024 6:19:08 PM. The public issue subscribed 317.66 times in the retail category, 129.22 times in the QIB category, and 699.40 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 129.22 |
| NII | 699.40 |
| Retail | 317.66 |
| Total | 345.65 |
Total Application : 461,053 (432.10 times)
| BSE Notice No | Subject |
|---|---|
|
20241011-30 |
Update on the Listing of Equity Shares of Trafiksol ITS Technologies Limited |
|
20241001-9 |
Update on the Listing of Equity Shares of Trafiksol ITS Technologies Limited. |
|
20240917-1 |
Postponement in Listing of Equity Shares of Trafiksol ITS Technologies Limited. |
Trafiksol ITS Technologies IPO: Notice regarding the postponement in the listing of Equity Shares.
Date Posted: 23 September 2024
Trafiksol ITS Technologies sincerely apologizes for any inconvenience caused due to the ongoing process of the IPO.
The company have received a notice from the BSE, vide notice no. 20240917-1, regarding the postponement in the listing of equity shares of Trafiksol ITS Technologies Limited.
It has come to the company's attention that some shareholders are seeking a refund of their investments. However, please be informed that they have not received any official instructions from the regulatory authority regarding such refunds.
For the latest updates on the IPO, kindly visit the BSE website at
https://www.bseindia.com/
https://www.bsesme.com/
BSE Notice No:-20240917-1
Notice date: Tuesday, September 17, 2024
Subject: Postponement in Listing of Equity Shares of Trafiksol ITS Technologies Limited.
This is in continuation to Notice No-20240916-68 dated Monday, September 16, 2024, of TRAFIKSOL ITS TECHNOLOGIES LIMITED Scrip Code (544255). It is hereby notified that in view of certain queries that have been raised ,the listing for trading of the scrip is postponed till queries are resolved by the issuer.
Market participants may please note the same.
Hardik Bhuta
Assistant General Manager
Tuesday, September 17, 2024
Trafiksol ITS Technologies Limited
2nd Floor, B 68, Sector 63,
Noida, Gautam Buddha Nagar,
Noida - 201 301
Phone: +91- 87440 50058
Email: info@trafiksol.com
Website: http://www.trafiksol.com/
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
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Trafiksol ITS Technologies IPO is a SME IPO of 6,410,000 equity shares of the face value of ₹10 aggregating up to ₹44.87 Crores. The issue is priced at ₹66 to ₹70 per share. The minimum order quantity is 2000 Shares.
The IPO opens on September 10, 2024, and closes on September 12, 2024.
Maashitla Securities Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Trafiksol ITS Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Trafiksol ITS Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Trafiksol ITS Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Trafiksol ITS Technologies IPO opens on September 10, 2024 and closes on September 12, 2024.
Trafiksol ITS Technologies IPO lot size is 2000 Shares, and the minimum amount required is ₹140,000.
You can apply in Trafiksol ITS Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Trafiksol ITS Technologies IPO will be done on Friday, September 13, 2024, and the allotted shares will be credited to your demat account by Monday, September 16, 2024. Check the Trafiksol ITS Technologies IPO allotment status.
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