The Trafiksol ITS Technologies IPO, amounting to Rs 44.87 crores, is being issued as a book built issue. The issue consists entirely of a fresh issue of 64.1 lakh shares.
The Trafiksol ITS Technologies IPO is scheduled to open for subscription on September 10, 2024, and close on September 12, 2024. The allotment for the Trafiksol ITS Technologies IPO is expected to be finalized by Friday, September 13, 2024. The IPO is expected to be listed on BSE SME, with a tentative listing date set for Tuesday, September 17, 2024.
The price band for the Trafiksol ITS Technologies IPO has been set at ₹66 to ₹70 per share. A minimum lot size of 2000 shares has been required for an application. The minimum investment amount required by retail investors has been set at ₹140,000. For HNIs, the minimum lot size investment has been set at 2 lots (4,000 shares), amounting to ₹280,000.
Refer to Trafiksol ITS Technologies IPO RHP for brief information.
| IPO Date | September 10, 2024 to September 12, 2024 |
| Listing Date | September 17, 2024 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 66 to ₹ 70 / Share |
| Lot Size | 2000 Shares |
| Total Issue Size | 6,410,000 share (Aggregating up to ₹44.87 Cr) |
| Fresh Issue | 6,410,000 (Aggregating up to ₹44.87 Cr) |
| Offer for Sale | |
| Employee Discount | |
| 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 |
Trafiksol ITS Technologies Limited IPO opens on September 10, 2024, and closes on September 12, 2024.
| IPO Open Date | September 10, 2024 |
| IPO Close Date | September 12, 2024 |
| Basis of Allotment | September 13, 2024 |
| Initiation of Refunds | September 16, 2024 |
| Credit of Shares to Demat | September 16, 2024 |
| Listing Date | September 17, 2024 |
| Cut-off time for UPI mandate confirmation | September 12, 2024 |
A minimum of 2000 shares and multiples thereof can be bid for by investors. The minimum and maximum investments by retail investors and HNIs, in terms of shares and amount, are depicted in the table below.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | Rs.140,000 |
| Retail (Max) | 1 | 2,000 | Rs.140,000 |
| S-HNI (Min) | |||
| S-HNI (Max) | |||
| B-HNI (Min) | 2 | 4,000 | Rs.280,000 |
| HNI (Min) |
| Share Holding Pre Issue | 60.71% |
| Share Holding Post Issue | 44.72% |
A total of 64,10,000 shares are offered in the Trafiksol ITS Technologies IPO. Of these, 12,18,000 shares (19%) are allocated to QIBs, 9,14,000 shares (14.26%) to NIIs, 21,34,000 shares (33.29%) to RIIs, and 18,22,000 shares (28.42%) to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 18,22,000 28.42% |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | 12,18,000 (19%) |
|
| NII (HNI) Shares Offered | 9,14,000 (14.26%) |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | 21,34,000 33.29% |
|
| Employee Shares Offered | |
|
| Total Shares Offered | 64,10,000 100% |
An amount of Rs 12.75 crore has been raised from anchor investors by the Trafiksol ITS Technologies IPO. The anchor bid date for the Trafiksol ITS Technologies IPO has been set as September 9, 2024. The list of anchor investors for the Trafiksol ITS Technologies IPO can be referred to for more details.
| Bid Date | |
| Shares Offered | 18,22,000 |
| 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 |
In order to offer complete solutions for automation and intelligent transportation systems, including software development, consultancy, and delivery services, Trafiksol ITS Technologies Limited was established in March 2018. Operating systems, business apps, pre-built and bespoke software solutions, and PC games for all platforms are all included in the portfolio.
Specializing on Advanced Traffic Management Systems (ATMS), Toll Management Systems (TMS), and Tunnel Management Systems, Trafiksol is an EPC (Engineering, Procurement, Construction) contractor. Trafiksol is an EPC contractor that provides a wide range of services for major infrastructure project design, engineering, procurement, and construction.
Contracts for traffic management, toll collection, and tunnel management encompass the planning, execution, and building of infrastructure initiatives aimed at enhancing traffic flow, security, and income generation. The goal of the Advanced Traffic Management System (ATMS) is to enhance road safety, efficiency, and traffic flow through the design, implementation, and integration of Intelligent Transportation Systems (ITS).
The company's consulting services center on examining user requirements and issues in order to provide specialized software solutions, which include software that is specially made and continuous maintenance. From the initial needs analysis and solution discovery to the smooth implementation, business integration, and system fine-tuning, the company is a leader in intelligent transportation systems.
The market capitalization of Trafiksol ITS Technologies IPO is Rs 170.34 Cr.
| KPI | Values |
|---|---|
| ROE | 52.12% |
| ROCE | 42.47% |
| Debt/Equity | 0.31 |
| RoNW | 35.44% |
| P/BV | |
| PAT Margin (%) | 18.38 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | ||
| P/E (x) |
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.
The Net Proceeds from the Issue are proposed to be utilized by the Company towards funding the following objectives.
- Purchase of Software;
- Repayment/prepayment, in part or full, of certain borrowings;
- To Meet Working Capital Requirements; and
- General Corporate Purpose.
Trafiksol ITS Technologies Limited 2nd Floor, B 68, Sector 63, |
Maashitla Securities Private Limited Phone: +91-11-45121795-96 |
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