IPO Details

Bidding Dates

10 Sep '24 - 12 Sep '24

Minimum Investment

₹1,40,000/ 1 Lot (2000 Shares)

Price Range

₹66 - ₹70

Maximum Investment

₹1,40,000/ 1 Lot (2000 Shares)

Retail Discount

To be announced

Issue Size

₹44.87 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |   Eligible employees  |  

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Sep 10, 2024

Closing Date

Sep 12, 2024

Basis of Allotment

Sep 13, 2024

Initiation of Refunds

Sep 16, 2024

Listing Date

Sep 17, 2024

IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Sep 10, 2024

 0.00x 21.07x 36.72x 22.88x

Day 2Sep 11, 2024

 0.00x 71.49x 116.29x 73.49x

Day 3Sep 12, 2024

 2.60x 193.84x 207.92x 146.28x

IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutions 2.60
Non-Institutional Buyers 193.84
Retail Investors 207.92
Total 146.28

About Trafiksol ITS Technologies IPO

The Trafiksol ITS Technologies IPO is a book-built issue seeking ₹44.87 crores, offering 64.1 lakh new shares. The IPO opens for subscription on September 10, 2024, and will close on September 12, 2024. Allotment results are expected on September 13, 2024, and the shares are projected to be listed on BSE SME on September 17, 2024.

The price band for the IPO is set between ₹66 and ₹70 per share. Retail investors need to apply for a minimum of 2,000 shares, requiring an investment of ₹1,40,000. High-net-worth individuals (HNIs) must apply for at least 4,000 shares, which amounts to ₹280,000.

Ekadrisht Capital Private Limited is the book-running lead manager for this issue, while Maashitla Securities Private Limited serves as the registrar. Ss Corporate Securities will act as the market maker. This IPO presents an opportunity to invest in Trafiksol ITS Technologies, with a focus on growth and market expansion.

Industry Outlook:

  1. India's capital investment in infrastructure increased to ₹11.11 lakh crore (US$ 133.86 billion) for FY24, marking a significant 11.1% rise. This investment surge is expected to boost the development of roads, tunnels, and urban infrastructure.
  2. The pace of National Highway construction has accelerated to approximately 28.3 km/day as of 2022-23. With India's road network playing a crucial role in the economy, Trafiksol's expertise in traffic management and toll systems aligns well with this rapid development.

Trafiksol ITS Technologies IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Utilise ₹1,770.00 lakh to acquire essential software.
  2. Allocate ₹550.00 lakh for repaying existing borrowings.
  3. To utilise ₹1,040.00 lakh for working capital needs.
  4. The remaining funds will be used for general corporate purposes.

About Trafiksol ITS Technologies Limited

Trafiksol ITS Technologies Limited, established on March 5, 2018, focuses on Intelligent Transportation Systems and automation. The company provides comprehensive solutions, including software development, consultancy, and supply services. Its offerings range from ready-made and custom software to business applications and computer games. Trafiksol specialises in designing and implementing Intelligent Transportation Systems (ITS) for roads and tunnels, ensuring security, resilience, and scalability in its solutions.

The company transitioned to a public limited entity, now trading as Trafiksol ITS Technologies Limited, with its name officially changed on May 18, 2024. Trafiksol is known for its expertise in traffic, toll, and tunnel management, handling projects such as advanced traffic management systems and toll collection facilities. It is involved in significant infrastructure projects like highway expansions and toll management systems across India.

With a commitment to quality and innovation, Trafiksol is ISO certified in several management systems and continues to advance in sectors including defense, providing cutting-edge solutions to enhance operational efficiency and success.

Peer Details

According to the DRHP, Trafiksol ITS Technologies Limited identified no listed peers based on a similar line of business.

How to Check the Allotment Status of the Trafiksol ITS Technologies IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Trafiksol ITS Technologies Limited IPO

  • Registered office: 2nd Floor, B-68, Sector-63, Noida, Gautam Buddha Nagar, Noida, Uttar Pradesh, India, 201301
  • Phone: +91-120 4149514
  • E-mail: info@trafiksol.com

IPO Financials

Particulars Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue from Operation (in ₹ lakh) 6,581.12 3,629.59 2,791.21
Profit After Tax (PAT) (in ₹ lakh) 1,201.30 471.05 210.31
Current Ratio (x) 3.00 1.91 1.98
Net Worth (in ₹ lakh) 3,402.82 1,206.99 735.94
Total Borrowings (in ₹ lakh) 1,050.24 798.70 506.42
Return on Equity (%) 52.33 49.27 32.66
Return on Capital Employed (RoCE) (%) 26.23 30.71 21.08
Earnings Per Share (in ₹) 6.77 2.68 1.15

Know before investing

Strengths

6

  1. TrafikSol’s platform supports cloud, on-premises, and hybrid deployments.

  2. Expert management team drives innovation and market success.

  3. Established ties with major clients across diverse industries.

  4. Focus on transparency, coordination, and structured business operations.

  5. Conducts traffic surveys and financial closures independently.

  6. Offers comprehensive solutions from toll management to renewable energy.

Risks

6

  1. Ongoing litigation could damage TrafikSol’s reputation and business.

  2. Past delays in tax and statutory filings may lead to penalties.

  3. Director disqualification history might impact company operations and reputation.

  4. Persistent negative cash flows could hinder TrafikSol’s growth and stability.

  5. Discrepancies in auditor appointments might result in future penalties.

  6. Dependency on government contracts makes TrafikSol vulnerable to policy changes.

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Trafiksol ITS Technologies IPO FAQs

What is the Trafiksol ITS Technologies IPO?

The Trafiksol ITS Technologies IPO is a fixed-price issue IPO that will be open from September 10, 2024, to September 12, 2024.

When will the Trafiksol ITS Technologies IPO be allotted?

The Basis of Allotment will happen on Thursday, September 13, 2024.

When will Trafiksol ITS Technologies IPO open for subscription?

The IPO subscription window will open on September 10, 2024.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 2000 shares.

When will Trafiksol ITS Technologies Limited list on exchanges?

The listing date for Trafiksol ITS Technologies is Tuesday, September 17, 2024.

What would be the listing gains on the Trafiksol ITS TechnoloWhat would be the listing gains on the Trafiksol ITS Technologies IPO?gies IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to apply for Trafiksol ITS Technologies IPO online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the ‘IPO’ section on the platform.
  3. Select IPO: Find and select the Trafiksol ITS Technologies IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

How to increase your chances of getting a Trafiksol ITS Technologies IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for the Trafiksol ITS Technologies IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Trafiksol ITS Technologies Limited using one PAN?

You can submit only one application using your PAN card.

How to read Trafiksol ITS Technologies Limited's financial statements?

To read Trafiksol ITS Technologies’s financial statements, download the IPO’s RHP document.