Trafiksol ITS Technologies Limited
Trafiksol ITS Technologies Limited(TRAFIKSOL)
Total Shares
64,10,000
Issue Size
₹44.87 Cr
Price Band
₹66 – ₹70
Lot Size
2000 shares
Min. Investment
₹1,40,000
Max. Investment
₹1,40,000
Open Date
10 Sep, 2024
Close Date
12 Sep, 2024
Allotment
13 Sep, 2024
Listing
17 Sep, 2024
Max. Investment
₹1,40,000
Announced
10 Sep, 2024
Opening Date
10 Sep, 2024
Closing Date
12 Sep, 2024
Basis of Allotment
13 Sep, 2024
Initiation of Refunds
16 Sep, 2024
Credit of Shares
16 Sep, 2024
Listing Date
17 Sep, 2024
Live GMP
Est. Listing: ₹150
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About Trafiksol ITS Technologies Limited IPO
Trafiksol ITS Technologies Limited IPO Share Price and Issue Size
Issue Breakdown
Shareholding
Dilution: 35.8% increase in shares
Trafiksol ITS Technologies Limited IPO Financials Health
Trafiksol ITS Technologies Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹1,40,000 |
| Retail Maximum | 1 | 2000 | ₹1,40,000 |
| HNI Minimum | 2 | 4000 | ₹2,80,000 |
(All values in CR)
Trafiksol ITS Technologies Limited IPO Valuation
| Metric | Value |
|---|---|
| Debt/Equity | 0.31 |
| EPS Post IPO | 4.97 |
| EPS Pre IPO | 6.75 |
| P/E Post IPO | 14.09 |
| P/E Pre IPO | 10.38 |
| PAT Margin (%) | 18.38 |
| ROCE | 42.47% |
| ROE | 52.12% |
| RoNW | 35.44% |
(All values in CR)
Strength & Risk of Trafiksol ITS Technologies Limited IPO
1. Deployment Agnostic.
2. Experienced promoters and management team.
3. Established relationships with customer base.
4. Building-up as a Professional Organisation.
5. Expanding Our Clientele Network by Geographic expansion.
6. Integrated structure with in-house capabilities to undertake most of the activities related to our projects including traffic study expertise and revenue forecasting capabilities.
7. Ability to achieve financial closure for projects.
8. Diversified Portfolio of Services offered.
1. We have certain outstanding litigation against us, an adverse outcome of which may adversely affect our business, reputation and results of operations.
2. In the past, we have not adhered to certain statutory time lines and have been subjected to penalty. Any such events in future may require the statutory authorities to take action against us in which event we may be drawn into litigation.
3. One of our Directors and Promoter, Jitendra Narayan Das was disqualified under section 164 of the Companies Act 2013, in the past for being director of M/s. Reverie Technologies Pvt. Ltd., and M/s. Easedata Solutions Pvt. Ltd. which failed to file its Annual returns and Financial statements for a continuous period of 3 years.
4. Our Company had negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact our growth and business.
5. In the past, there have been certain discrepancies with respect to the appointment of our statutory auditors. Although we have not been issued with any statutory notice in respect of such discrepancies, by the concerned authority, we are not sure that any such action shall not be taken against us in future and in any such event we may be subjected to penalties.
6. We are dependent on our ability to develop new services and products and enhance our existing services and products. If our products and services do not gain market acceptance, our operating results may be negatively affected.
7. Our business is substantially dependent on road projects in India undertaken or awarded by governmental authorities and other entities funded by the Government of India or State Governments and we derive almost all of our revenues from contracts with a limited number of government entities. Any adverse changes in the Central or State Government policies may lead to our contracts being foreclosed, terminated, restructured or renegotiated.
8. There are certain discrepancies and non-compliances noticed in some of our financial reporting and/or records relating to consolidation of financial statements of our associate company. Although we have not been issued with respect to same in this regard, we are not sure that any penal action shall not be taken against us.
9. Our failure to perform in accordance with the standards prescribed in work order of our client could result in loss of business or compensation payment.
10. Our work premises from where we operate is not owned by us.
Trafiksol ITS Technologies Limited IPO Subscription Status
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 18,22,000 | 18,22,000 | 12.75 |
| HNI | 699.75 | 9,14,000 | 63,95,76,000 | 4 |
| Market Maker | 1.00 | 3,22,000 | 3,22,000 | 2.25 |
| QIB | 129.22 | 12,18,000 | 15,73,90,000 | 1 |
| Retail | 317.66 | 21,34,000 | 67,78,94,000 | 4 |
| Total | 345.72 | 42,66,000 | 1,47,48,60,000 | 10 |
Trafiksol ITS Technologies Limited IPO GMP
Last updated 06 Sep, 2024 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 06 Sep, 2024 | 70 | ₹80 | 121600 | ₹150 (114.29%) | - | 06 Sep, 2024 |
| 09 Sep, 2024 | 70 | ₹80 | 121600 | ₹150 (114.29%) | - | 09 Sep, 2024 |
| 10 Sep, 2024 | 70 | ₹80▼ | 121600 | ₹150 (114.29%) | - | 10 Sep, 2024 |
| 11 Sep, 2024 | 70 | ₹85 | 129200 | ₹155 (121.43%) | - | 11 Sep, 2024 |
| 12 Sep, 2024 | 70 | ₹85 | 129200 | ₹155 (121.43%) | - | 12 Sep, 2024 |
| 13 Sep, 2024 | 70 | ₹85 | 129200 | ₹155 (121.43%) | - | 13 Sep, 2024 |
| 14 Sep, 2024 | 70 | ₹85 | 129200 | ₹155 (121.43%) | - | 14 Sep, 2024 |
| 15 Sep, 2024 | 70 | ₹85 | 129200 | ₹155 (121.43%) | - | 15 Sep, 2024 |
| 16 Sep, 2024 | 70 | ₹85▲ | 129200 | ₹155 (121.43%) | - | 16 Sep, 2024 |
| 17 Sep, 2024 | 70 | ₹0 | -- | ₹70 (0.00%) | - | 17 Sep, 2024 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
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Trafiksol ITS Technologies Limited IPO Analysis
Trafiksol ITS Technologies Limited is preparing to launch its Initial Public Offering (IPO) to raise capital for business expansion and other corporate objectives. Below is a detailed analysis, including the pros and cons of investing in this IPO.
Trafiksol ITS Technologies Limited IPO Overview
Trafiksol ITS Technologies Limited operates in the Intelligent Transportation Systems (ITS) domain, providing technology-driven solutions to improve transportation efficiency. The IPO will help the company raise funds to further scale operations, invest in R&D, and strengthen its market position in the growing ITS industry.
Company Overview
Trafiksol ITS Technologies Limited is a leader in Intelligent Transportation Systems, offering various services such as automated license plate recognition (ALPR), electronic toll collection (ETC), and advanced traffic management systems (ATMS). With government initiatives focusing on infrastructure development, the company is well-positioned to capitalize on future opportunities.
- Founded: 2018 (converted to public in 2024)
- Industry: Intelligent Transportation Systems (ITS)
- Key Services: ALPR, ETC, ATMS, and smart city projects
Key IPO Details
- IPO Size: 64,10,000 equity shares of ?10 each
- Issue Price: Yet to be determined (book-built issue)
- Use of Proceeds: The funds will be used to expand operations, repay loans, and for general corporate purposes.
- Listing: Shares will be listed on the SME platform of BSE.
Pros of Investing in Trafiksol ITS Technologies Limited IPO
- Growing Industry: The ITS sector is expanding rapidly due to increasing government focus on smart cities and transportation infrastructure.
- Niche Market: Trafiksol offers specialized services in a growing market, reducing competition in the niche ITS sector.
- Government Support: The company benefits from the push for digital infrastructure by the Indian government, such as highway toll management systems and smart city projects.
- Innovation and R&D: Trafiksol’s focus on research and innovation provides a competitive edge in developing cutting-edge technology solutions.
Cons of Investing in Trafiksol ITS Technologies Limited IPO
- Dependence on Government Projects: A significant portion of Trafiksol’s revenue is dependent on government contracts, which are subject to political and regulatory risks.
- Market Volatility: The ITS industry, while growing, is still subject to market fluctuations and economic conditions.
- Competitive Landscape: Although Trafiksol operates in a niche sector, it faces competition from other technology providers in the smart city and ITS space.
- Relatively New Market Player: Trafiksol was incorporated in 2018, and while it has made significant strides, its short operational history may raise concerns about long-term sustainability.
Financial Performance and Market Position
Trafiksol ITS Technologies Limited has seen consistent growth in its financial performance. However, investors should carefully evaluate the company's financial health, including revenue trends, profitability, and debt levels.
- Revenue: The company’s revenue has grown steadily over the last few years.
- Profitability: Trafiksol maintains healthy profit margins, but fluctuations in contract-based revenue could impact earnings.
- Debt Management: A portion of the IPO proceeds will be used to repay loans, which should improve the company’s debt position.
Should You Invest in Trafiksol ITS Technologies Limited IPO?
Investing in Trafiksol ITS Technologies Limited’s IPO presents an opportunity to tap into the growing ITS sector. The company’s innovative solutions, combined with the government's focus on infrastructure and smart city projects, make this an attractive option for investors interested in technology-driven growth. However, the risks associated with government dependencies and a competitive market landscape should be carefully considered.
Conclusion
The Trafiksol ITS Technologies Limited IPO offers a compelling opportunity for investors looking to enter the rapidly expanding ITS sector. The company’s innovative solutions and government support are positive indicators for growth. However, potential investors should weigh the benefits against the risks before making a final investment decision.
FAQs About Trafiksol Its Technologies Limited Ipo
Trafiksol ITS Technologies Limited IPO will open on 10 Sep, 2024 and close on 12 Sep, 2024. Investors must apply within this period to participate.
The Trafiksol ITS Technologies Limited IPO price band is set between ₹66.00 and ₹70.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹140000.00.
The Trafiksol ITS Technologies Limited IPO shares are expected to be listed on 17 Sep, 2024, subject to regulatory approvals and final allotment.
You can track your Trafiksol ITS Technologies Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Trafiksol ITS Technologies Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.